Stock Market

by Monica Kingsley While still trading in a tight range, stock bulls are making steady progress on a daily basis. The slow grind higher just goes on, regardless of a daily weakening in the advance decline line or advance-decline volume, or the $VIX attempting to rise yesterday. The bulls better tread with a tight stop-loss regardless

Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.38 per share for the second quarter, substantially above the consensus estimate of $1.62 a share. The retailer’s revenue also beat forecasts, with comparable-store sales up 24.3% compared with a consensus FactSet estimate of a 7.6% increase. Target’s

mRNA vaccine maker Moderna (MRNA) has undoubtably been one of 2020’s success stories. One of the frontrunners in the race to develop a COVID-19 vaccine, investors have cheered each step of its candidate’s progress. While shares haven’t soared as majestically as those by some of its smaller sized peers, they have nevertheless appreciated by 243%

Chip Chipman | Bloomberg | Getty Images Check out the companies making headlines after the bell: Cree — Shares of the semiconductor company ticked nearly 3% lower in extended trading on Tuesday after giving a weak earnings outlook for the current quarter. Fiscal first quarter revenue outlook came in roughly in line with estimates. Cree, however,

by Charles Hugh-Smith Triffin’s Paradox demands painful trade-offs to issue a reserve currency, and it demands the issuing central bank serve two competing audiences and markets. Judging by the headlines and pundit chatter, the U.S. dollar is about to slide directly to zero. This sense of certitude is interesting, given that no empire prospered by devaluing its

Shares in Kohl’s Corp. plunged 17% after the department store chain said it experienced a sales decline last month as Covid-19 cases are on the rise and the company prepares for a softer start to the back-to-school selling season. The stock dropped to $19.53 in early afternoon trading after Kohl’s (KSS) said it will need

An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading.  Oracle — Shares of Oracle rose 2.5% on news the company is discussing a deal for TikTok’s U.S., Canada, Australia and New Zealand operations, sources told CNBC.

by Amy S. The GDP dropped by 32% for the second quarter. Employers have cut 55 million jobs since March, and they have not re-opened all those jobs. One million people a week are still losing their jobs. And with so much business closed or crippled, a lot of people close to the financial edge are

Travel restrictions due to the COVID-19 pandemic have hit airlines, hotel and other related sectors hard. As per a report released by the US Bureau of Labor Statistics in early August, the leisure and hospitality industry has lost 4.3 million jobs since February. The industry has been pushing for more government relief to address its

Take a look at some of the biggest movers in the premarket: Home Depot (HD) – The home improvement retailer earned $4.02 per share for the second quarter, beating the consensus estimate of $3.71 a share. Revenue came in well above estimates. Comparable-store sales jumped 23.4%, more than double the FactSet consensus estimate of 10.9%.

by visualcapitalist American’s tech giants have caught the public’s attention as of late. Four of the Big Five recently appeared in front of U.S. Congress to discuss their anti-competitive business practices and privacy concerns. Yet business is booming. Compared to the traditional economy, Big Tech operates within an intangible realm of business. This enables them to

Is lady luck turning its back on online sports betting player DraftKings (DKNG)? Since peaking at $43.7 at the start of June, the share price has pulled back by 22% to its current value of $34.68 per share. It hasn’t helped that COVID-19 has made it difficult to predict the short-term fate of live sports

A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Check out the companies making headlines after the bell:  America’s Car-Mart — Shares of America’s Car-Mart jumped nearly 5% in extended trading after the auto financing company reported better-than-expected earnings. The company reported earnings per share of $2.83, versus

by Charles Hugh-Smith With only 56 trading days and fewer than 80 calendar days to the election, the Deep State camps seeking to torpedo Trump’s re-election have reached the do-or-die point. Back in June I speculated that the only way the Deep State could deep-six Trump’s re-election was to sink the stock market rally, which

There are two sides to every coin. For penny stocks, or tickers that trade for less than $5 per share, this rings especially true. As some of the most divisive names on the Street, they are either met with resounding praise or forceful discontent. Going beyond the argument that you get more for your money,

Mark Bristow, chief executive officer Barrick Gold. Getty Images Check out the companies making headlines midday Monday: Barrick Gold — Shares of the gold mining company surged more than 10% on Monday after Warren Buffett’s Berkshire Hathaway revealed a $562 million stake in the company. While the position is small for Berkshire, the conglomerate is

Adobe and DocuSign are two companies enjoying significant gains from the accelerated adoption of technology due to the coronavirus pandemic. Work-from-home and contactless business operations have driven the demand for cloud-based services. According to a Fortune Business Insights study, the global e-signature market alone will reach $6.13 billion by 2026, reflecting a compounded annual growth

by Michael Snyder In all of U.S. history, we have never seen anything like “the mass exodus of 2020”.  Hundreds of thousands of people are leaving the major cities on both coasts in search of a better life.  Homelessness, crime and drug use were already on the rise in many of our large cities prior

US chipmaker Intel Corp. last week revealed a new technology for making transistors which is said to improve the performance of its next round of processors by as much as 20%. Intel (INTC) disclosed the so-called SuperFin technology for its existing 10-nanometer (nm) chip process node, describing it as its largest single, intra-node enhancement in

by David Haggith One of my reasons I started this website years ago was to counter all the denial that I saw in the mainstream media about how long and deep the problems from the Great Financial Crisis would be and about how we were failing in every way to resolve the greed, decay and especially

Masimo announced that the US Food and Drug Administration has cleared its pleth variability index (PVi) tracking tool to be used as a noninvasive indicator of fluid responsiveness in mechanically ventilated adult patients. With Masimo’s (MASI) PVi software, anesthesiologists and physicians can obtain fluid responsiveness data using the pulse oximeter probe and following the continuous

AstraZeneca has reached an agreement with the European Commission (EC) to supply up to 400 million doses of its AZD1222 COVID-19 vaccine candidate. AstraZeneca (AZN) said that the agreement builds on the existing accord with Europe’s Inclusive Vaccines Alliance spearheaded by Germany, France, Italy and the Netherlands. The new agreement will give all EU member

Over the last few years, the rewards have kept on coming investors’ way. The S&P 500, considered a representation of the broader stock market, is up 16.5% over the last 52 weeks. In addition, the index has posted an average gain of 10.2% and 15.3% per year over the last five and ten years, respectively.

by YoYo_Da Just wanted to point out something I’d been noticing and have mentioned a few times in the discussion threads about bonds/equities as we near ATH. ​ TLT is an ETF that tracks the price of long-term treasury bonds. If you take a look at bond yields for the past month or so, they’ve

Good things come to those who wait. For long standing Qualcomm (QCOM) investors the wait appears to be over. That’s not to say the past few years have been disastrous by any means; Qualcomm is after all the world’s largest mobile chipmaker. Yet, Qualcomm’s market performance hasn’t even closely resembled that of other all-conquering peers

Chinese customers look at iphones at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Check out the companies making headlines before the bell: Apple (AAPL), Alphabet (GOOGL) – Apple and Alphabet’s Google unit are being sued by Epic

Authored by Charles Hugh Smith via OfTwoMinds blog, This is why denormalization is an extinction event for much of our high-cost, high-complexity, heavily regulated economy. A collapse of major chunks of the economy is widely viewed as “impossible” because the federal government can borrow and spend unlimited amounts of money because the Federal Reserve can create

To say it hasn’t been a good year for cruise line operators would be underselling the disaster 2020 has been. Amongst a sea of hurting industries, the pain inflicted by the coronavirus on cruise lines has arguably been second to none. However, following the delivery of its quarterly results on Monday, Royal Caribbean (RCL) shares

by confoundedinterest17 Happy? Global stocks have erased their losses for the year. Of course, The Federal Reserve and other central banks have been printing the night away particularly since Covid blasted markets. What happens if The Fed and other central banks stop printing? Happy becomes unhappy if the massive bubble bursts. At least we are seeing

Keith Cunningham from South Carolina shops for Walt Disney apparel at the Bargain World gift shop located near Walt Disney World where its conducting a phased reopening from coronavirus disease (COVID-19) restrictions in Lake Buena Vista, Florida, July 11, 2020. Octavio Jones | Reuters Retail sales rose to a record level in July, recovering what