Weekly Market Recap: Tech Leads as Investors Navigate Mixed Signals
Monday: Last week kicked off with a positive trend, primarily led by gains in the technology sector. The Dow edged up by 0.1%, the S&P 500 saw a 0.3% increase, and the Nasdaq experienced a notable rise of 0.8%. Tuesday: Market conditions remained favorable as investors digested recent comments from Federal Reserve Chair Jerome Powell. The session ended on [...]
Shell Anticipates $2B Tax Impairment in the Current Quarter: 3 Other Things to Know About This Stock
Shell Plc (SHEL) announced that it’s anticipating up to a $1.5 billion to $2 billion tax impairment for having to halt its Netherlands biofuels production facility. The divestment of its chemicals refinery in Singapore will play a part in the impairment as well. The Netherlands site could generate as much as 820K metric tons of biofuels annually, much of [...]
Investing During Hurricane Season
Hurricane season typically runs from June to November. For 2024, the U.S. National Oceanic and Atmospheric Administration (NOAA) has warned of an ‘extraordinary’ Atlantic season. In fact, NOAA has forecast eight to 13 hurricanes - with four to seven of those being deemed as ‘major hurricanes’. Furthermore, NOAA has said that there is an 85% chance of having an [...]
Tesla’s Q2 Deliveries Send Shares 6% Higher After a Disappointing First Quarter: Time to Buy TSLA?
The first quarter of 2024 was brutal for Tesla (TSLA). The company had nothing but bad news to report - from price cuts to layoffs to recalls. But, TSLA investors finally have something to be excited about. The EV manufacturer teased its Q2 results yesterday, which are set to be fully disclosed on July 19th. In the meantime, we [...]
Volkswagen is Investing Billions into Rivian: Why You Should Invest in RIVN, Too
All eyes are on Volkswagen and Rivian right now, as just last week the two automakers teamed up to create an EV-focused joint venture. Volkswagen will gain access to Rivian’s EV technology and a heap of Rivian stock (RIVN) in exchange for up to a $5 billion investment. Shares of RIVN are up 30% in the past week on [...]
Worth Your Time
Written by: Angela Akers It has been a whirlwind of a week for VectorVest in the best way! As part of our partnership with Nasdaq, our Management Team and Education Team had the opportunity to visit Nasdaq’s MarketSite in Times Square where we were featured on their billboard and were hosted at the closing bell. Additionally, VectorVest CEO, Ms. [...]
