Weekly Market Recap: Mixed Results for Major Indices as Investors Await Key Economic Data
Monday: Mixed Start The week started quietly as investors anticipated key economic data due later in the week. Market activity was relatively subdued with minor movements in the major indices. The anticipation set the tone for a cautious trading environment. Tuesday: Rising Treasury Yields Weigh on Market With key economic data due out at the end of the week [...]
Gap’s Upbeat Earnings Send Shares 26% Higher and 3 Other Reasons to Buy GPS Today
Gap Inc. (GPS) delivered an impressive Q1 performance, beating the analyst consensus on both the top and bottom lines. The stock has climbed 26% so far in Friday’s trading session in response. Sales grew 3% to $3.4 billion in the first quarter, driven in part by stronger sales in the Old Navy brand. Analysts were expecting $3.29 billion in [...]
Salesforce Earnings Send the Stock Plummeting 20%: Time to Cut Losses if You Haven’t Already?
Salesforce.com (CRM) is at risk of taking on its biggest single-day loss since August of 2008 today. The company’s Q1 earnings sent shares down more than 20% Thursday morning as the software industry continues to get battered and bruised. Fiscal first-quarter revenue came in at $9.13 billion, which was slightly below the FactSet consensus of $9.15 billion but still [...]
Understanding the Upcoming PCE Data and Its Impact on Your Investments
The world of investing and trading can often seem like a labyrinth of data and jargon. However, one crucial piece of information that can significantly impact your investment decisions is the Personal Consumption Expenditures (PCE) data. With the upcoming PCE release this week, it’s essential to understand what this data is, how it differs from the Consumer Price Index [...]
American Airlines Profits Fall Lower and Lower, and the Stock is Following Suit: Time to Sell AAL?
Late yesterday afternoon American Airlines Group Inc. (AAL) updated its profit outlook for the current quarter, sending shares plummeting. The stock is down 19% in the past week now, and it may be time to sell if you’re holding AAL. The real concern here is that this is supposed to be the airliner’s best quarter, as we’re approaching the [...]
Hess Corporation is Sending $53b Chevron Merger to a Vote: Should You Buy HES Before the Verdict?
Hess Corporation (HES), one of the world’s leading energy companies, could be merging with Chevron for $53 billion if all goes well in the shareholder meeting. It would represent one of the largest oil mergers in history. The stock is down more than 6% in the past month as the company’s internal turmoil has played out in the media, [...]
