Every day for the last 18 months now, markets have moved based on trade sentiment. Whether or not President Trump and Chinese President Xi Jinping decide to come to terms on trade influences whether or not the S&P 500 rises or falls, and that’s certainly become the case in recent days as the two leaders […]
Read MoreShares of the 168-year-old financial services giant Western Union Company (WU) fell to more than two-week lows during Tuesday’s session after a U.S. tech giant made a huge crypto reveal. Investors felt threatened by the news, sinking WU stock to its worst close since June 3. Western Union’s primary bread and butter is money transfers […]
Read MoreA resurgence in the U.S. IPO market appears to be taking shape, with eight new deals this week set to follow last week’s collection of strong first-day gainers that managed to raise a combined $1.8 billion. While shares of freelance marketplace Fiverr International Ltd. (FVRR) soared 90% for the week’s biggest first-day gain, much of […]
Read MoreShares of the country’s biggest aviation stocks led the S&P 500 higher on Thursday following the release of a report from Wall Street titan JPMorgan Chase & Co. (JPM). Investors reacted very positively to the news, sending the industry’s most dominant firms like American Airlines Group Inc. (AAL) and United Continental Holdings Inc. (UAL) toward […]
Read MoreThe Dow Jones Industrial Average and S&P 500 both trended 0.2% lower during Wednesday’s session due to news that, at this point, should hardly be considered news at all: trade tensions. After President Trump said Tuesday he plans to halt trade talks with China unless the country agrees to previous terms negotiated earlier in the […]
Read MoreEvery investor knows that volatility can strike at any time due to a variety of economic and geopolitical factors. Market participants saw that last month when the S&P 500 nosedived 6.6% in its worst May performance since 2012 and second-worst since the 1960s. But overall market volatility is hardly important without pinning it against individual […]
Read MoreOil has assumed an outsized presence in the financial news lately, and for good reason: West Texas Intermediate (WTI) officially entered bear market territory last week by declining more than 20% from its recent April 23 high. Investors are scrambling to take their profits off the table as WTI – the benchmark for U.S. futures […]
Read MoreWhen the only subject that anybody in the market wants to talk about at any given time is the latest addition to the trade narrative, it gets pretty easy to miss out on other important information that the market can give you. It’s part of a phenomenon that I like to call “missing the forest […]
Read MoreThe U.S. IPO market looks poised to heat back up this week following last week’s largely uneventful calendar of four debuts. The runaway winner was Revolve Group LLC (RVLV), which hit the market last Thursday, June 6 and raised $212 million by selling 11.8 million shares at the high end of the $16-$18 range. Shares […]
Read MoreRetail has been one of the most beaten-down sectors of the stock market recently, and it comes as no surprise to any investor actively following earnings reports. Of the 74 retail companies examined by agency Standard & Poor’s (S&P), 35 of them missed analyst estimates for comparable sales last quarter. Apparel retailers in particular are […]
Read MoreThe U.S. stock market is at an uncertain juncture right now. Trade- and government-induced volatility has dragged the Dow Jones Industrial Average and S&P 500 down 3.3% and 3.5% since the start of May. The Nasdaq has had it even worse, falling 5.9% over that same period of time. Market uncertainty can make people crave […]
Read MoreWhile oil prices wallow in a bear market and stocks continue to whipsaw, gold has been the stealth winner of June so far. Prices for the yellow metal have recently surged toward their highest level in more than three months, with that rally continuing during Thursday’s session. As a market, gold is hardly discussed since […]
Read MoreNo. 5: Occidental Petroleum Corp. (OXY) The Houston-based oil producer and recent bidding-war winner for Anadarko Petroleum Corp. (APC) saw its stock drop 4.55% during Wednesday’s session, going from $49.69 at the previous close to $47.43. That’s the lowest level in more than 10 years and continues an abysmal 44.5% selloff over the last 12 […]
Read MoreU.S. oil prices have been on a downward spiral recently, and Wednesday’s session perpetuated that dismal narrative. West Texas Intermediate (WTI) – the domestic price benchmark for crude oil – logged its worst close since January and therefore one of the worst closes of 2019. Investors became particularly panicked when Wednesday’s enormous loss officially put […]
Read MoreU.S. stocks received a much-needed shot of life during Tuesday’s session when all three major domestic indexes scored their second best gain of the year. The Dow Jones Industrial Average and S&P 500 both climbed 2.1%, while the Nasdaq roared 2.7% higher, reversing the tech-centric index’s abysmal 1.6% loss Monday that saw it near correction […]
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