Plus, the U.K. supreme court issued a ruling against Prime Minister Johnson, Europe’s top court sided with Google, and shares of Blackberry are tanking.
Read MorePlus, last week’s trade discussions were constructive, the U.S. manufacturing sector hit a five-month high this month, WeWork’s CEO is facing pressure to step down, and Lululemon shares were just upgraded.
Read MoreThe market has struggled to define a clear direction in the last couple of days. While the Fed did as most economists and analysts predicted, cutting rates by another quarter point this week, the market was less than enthused by Chairman Powell’s comments, which seemed to fail to deliver the kind of clarity about the […]
Read MorePlus, China wants to prevent further escalation in the trade war, Apple is announcing its new iPhones on September 10, and Best Buy reported earnings.
Read MoreThe 30-year bond yield fell to an all-time low, a no-deal Brexit just got a whole lot more likely, Peloton released its IPO prospectus, and Costco made a big splash in China.
Read MoreThe yield curve just inverted again. Plus, more Fed news, and upcoming earnings for Thursday.
Read MoreIndex Performers All three major indexes climbed higher during Wednesday’s session thanks to a slew of strong earnings from major retailers and the continuing easing of fears surrounding a global economic slowdown. The Dow Jones Industrial Average added 0.9% from 25,962.44 to 26,202.73 — the best close in over a week — while the S&P […]
Read MoreThe whistleblower who exposed Madoff says the “$38 billion in fraud we’ve come across is merely the tip of the iceberg.” Plus new economic data and a possible acquisition.
Read MoreInvestors sprinted for the hills during a panic-stricken session on Wednesday in what became the Dow Jones Industrial Average’s largest daily decline of 2019. The bellwether index plummeted 3.05% to 25,479.42 after market participants witnessed the yields on the 10-year Treasury note — the most widely watched bond instrument issued by the U.S. government — […]
Read MoreThe yield curve is inverting, and bank stocks and department store stocks are crashing. Welcome to Wednesday.
Read MoreFormer U.S. Treasury Secretary Lawrence Summers said the current risk for recession is “much higher than it needs to be and much higher than it was two months ago.”
Read MoreOne of the industries that hasn’t been participating in bullish rally enjoyed by the broader Consumer Discretionary sector is apparel manufacturers. While the sector has increased about 24% year to date and more than 4% in the last month, as measured by the S&P 500 Consumer Discretionary Sector SPDR ETF (XLY), even the leading apparel […]
Read MoreThe charts for these 4 stocks point to more upside on the horizon.
Read MoreThe stock market’s rally since May has been good for a number of sectors, including Consumer Discretionary stocks. The sector is about 8.5% higher since the beginning of June, and nearly 21% year to date. With the biggest, most well-known names like Walmart (WMT), Amazon (AMZN) and Target Stores (TGT) leading the charge, the assumption […]
Read MoreThe market is celebrating the trade truce, but the real fireworks are for these 16 stocks.
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