The tech- and pharma-centric Nasdaq index has certainly endured volatility recently, but there’s no denying it’s experienced a stunning overall rally this year. While it has dropped 6.1% over the last month to the lowest levels since March, it’s still up a strong 15% since the last close of 2018 and up 16.4% from the […]
Read MoreBitcoin has been dominating headlines and turning heads over the last month as it experiences one of its best rallies since 2017. The cryptocurrency logged double-digit gains in the month of May, and investors are left wondering exactly why it’s experiencing momentum after more than a year of heavy losses. Here’s what investors need to […]
Read MoreTechnology has been one of the stock market’s top-performing sectors this year, as the tech-heavy Nasdaq index continues to outperform both the S&P 500 and Dow Jones Industrial Average. While the S&P and Dow are respectively up only 9.9% and 6.6% since the end of 2018, the Nasdaq has climbed a sizable 12.2%. Much of […]
Read MoreKohl’s Corp. (KSS) was one of the worst performers across all U.S. indexes during Tuesday’s session thanks to a disappointing first-quarter earnings report that spelled a rough three months for in-store sales. Investors were shocked by the ugly financials, sending shares to their worst close in more than a year. The news is particularly surprising […]
Read MoreShares of Activision Blizzard Inc. (ATVI) continued their recent streak of whipsawing Monday after they dropped to their lowest level in a week. The decline came on the heels of new developments regarding friction over an upcoming entry in one of the company’s most successful video-game franchises. While the overall market has steadily floated higher […]
Read MoreShares of Ralph Lauren Corp. (RL) tumbled during Tuesday’s session, ending as the S&P 500’s worst-performing stock despite the index overall sneaking out a 0.8% gain. The fashion company’s stock fell on the heels of lackluster earnings, despite besting analysts’ expectations. Ralph Lauren’s Tuesday’s performance marks something of an anomaly, primarily due to the fact […]
Read MoreMajor U.S. indexes are experiencing a wild week amid renewed trade tensions that appeared to come out of nowhere. It all started last Sunday when President Trump suddenly tweeted that he intends to hike tariffs on billions of dollars of Chinese imports up to 25%. Since then, the S&P 500 and Dow Jones Industrial Average […]
Read MoreWith 13 scheduled deals, this week is set to be the IPO market’s most active in more than three years. They include six biotech firms, a defense contractor, and the world’s largest ride-hailing company whose market debut has long been anticipated by investors and the financial media alike. That final company is Uber, which will […]
Read MoreShares of Monster Beverage Corp. (MNST) surged during Friday’s session on the heels of a strong Q1 earnings report. The company surpassed both top- and bottom-line expectations, instigating massive buying behavior among market participants. The energy drink company’s financials have managed to defy gravity in recent quarters even as health concerns surrounding its products continue […]
Read MoreU.S. markets fell for the second straight session on Thursday, as investors continued to hastily react to Federal Reserve Chairman Jerome Powell’s comments following the central bank’s decision to keep interest rates unchanged. On Wednesday, Powell explained in a post-meeting conference that the low inflation pressures in the economy may just be “transitory,” a key […]
Read MoreIn a week filled with tech companies making huge post-earnings moves, investors took a break from that sector’s dominance on Wednesday when Royal Caribbean Cruises Ltd. (RCL) released its first-quarter earnings report. The world’s largest cruise operator by revenue surpassed analyst expectations on the top and bottom lines, galvanizing investors to push RCL stock to […]
Read MoreAlphabet Inc. (GOOG) rocked the entire stock market on Tuesday after the parent company of Google released its Q1 earnings report late Monday afternoon. Despite beating bottom-line estimates, the company missed on the top line and reported sharply lower ad revenue growth from the year-ago quarter. GOOG’s losses weighed down the tech-centric Nasdaq, as the […]
Read MoreShares of industrial manufacturing firm Ingersoll-Rand Plc. (IR) soared to an all-time high during Monday’s session on news that another industrial product company is likely to announce a buyout bid for one of Ingersoll’s largest business units as soon as this week. Although Monday was filled with merger news across the industrials sector – including […]
Read MoreFord Motor Co. (F) released its first-quarter financials on Friday, and the iconic U.S. car manufacturer beat analyst expectations on nearly every front. Investors responded with enthusiasm, pushing the stock to its highest level in roughly nine months. But considering the company’s recent history, Friday’s stellar earnings report looks like a very minor success. Shares […]
Read MoreShares of 3M Co. (MMM) endured double-digit losses during the Thursday session after the multinational manufacturing giant missed big on Q1 earnings estimates. Earlier in the session, the stock was on track to be the biggest loser on the S&P 500 as well as on track to suffer its largest single-day loss in more than […]
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