The Dow Jones Industrial Average (DJIA) is slightly higher at midday, bouncing back from early losses -- and even managing to notch a fresh intraday record of 22,189.97 earlier. The market is digesting the latest employment and inflation data, the latter of which has raised expectations for a December rate hike. In that same vein, oil prices continue to climb, with October crude futures up 1.8% at...Read More
Oil prices have been rising this week -- with October-dated futures trading above the $50-per-barrel mark today, after getting a boost yesterday on the International Energy Agency's (IEA) upwardly revised 2017 global oil demand forecast. While oil refiner Marathon Petroleum Corp (NYSE:MPC) is trading down 0.6% at $52.90 this morning, the energy stock recently pulled back to a historically bullish...Read More
Analysts are weighing in on information technology (IT) concern VMware, Inc. (NYSE:VMW), computer graphics company NVIDIA Corporation (NASDAQ:NVDA), and online retailer eBay Inc (NASDAQ:EBAY). Here's a quick roundup of today's bullish brokerage notes on shares of VMW, NVDA, and EBAY. VMW Hits New High After Barclays UpgradeVMW received an upgrade to "overweight" from "equal weight" at Barclays, a...Read More
Analysts are weighing in on car rental specialist Hertz Global Holdings, Inc (NYSE:HTZ), credit bureau Equifax Inc. (NYSE:EFX), and healthcare stock Opko Health Inc. (NASDAQ:OPK). Here's a quick roundup of today's bearish brokerage notes on shares of HTZ, EFX, and OPK.Hertz Stock Pulls Back After Morgan Stanley NoteHertz Global Holdings is reeling, down 9.5% to trade at $21.66, after Morgan Stanl...Read More
It could be another ho-hum day on Wall Street, with stock futures pointing to a slightly lower open. Among specific stocks in focus are hospital operator Tenet Healthcare Corp (NYSE:THC), semiconductor concern Lattice Semiconductor Corp (NASDAQ:LSCC), and cancer treatment specialist Array Biopharma Inc (NASDAQ:ARRY). Here's a quick look at what's boosting shares of THC, LSCC, and ARRY. Sale Re...Read More
Dow Jones Industrial Average (DJIA) futures are pointed slightly lower this morning, after notching a record-high close and fourth straight win yesterday. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also signaling a lower start, despite pumping out record-high closes of their own. Traders are digesting today's inflation data, with the latest consumer price index (CPI) toppin...Read More
The Dow Jones Industrial Average (DJIA) spent most of the session flirting with breakeven, with upside momentum capped by Apple shares. However, the Dow broke out in late-day trading, notching another record-high close and a fourth straight win. Likewise, the Nasdaq Composite (COMP) eked out a win for a second consecutive record close, while the S&P 500 Index (SPX) managed another all-time h...Read More
It's been a rough 2017 for many retail stocks, with several notable names turning into earnings casualties. However,the SPDR S&P Retail ETF (XRT) has been on a tear since touching a four-year low in August, and today is notably higher, with help from Nordstrom's big day. Against this backdrop -- and ahead of Friday's retail sales data -- we decided to take a look at thesector, as well as one r...Read More
The stock chart for JPMorgan Chase & Co. (NYSE:JPM) is looking quite bullish at the moment. Shares of the banking giant just bounced from the 100-day moving average, and also experienced a series of closes below their lower Bollinger Band. A similar setup occurred back in mid-May and early June, and resulted in a massive upside rally for JPM. Add to this the fact that bank stocks in general have...Read More
U.S. stocks are trading mixed this afternoon, with the Dow struggling to build on solid gains from the last two sessions. Among the names in the spotlight today are tech stock Western Digital Corp (NASDAQ:WDC), retail giant Target Corporation (NYSE:TGT), and biopharmaceutical company Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX). Here's a quick look at what is moving shares of WDC, TGT, and LXR...Read More
Unless you live under a rock, you're probably aware that Apple Inc. (NASDAQ:AAPL) debuted its highly anticipated line of new products yesterday. Along with the $999 iPhone X -- which won't be available until November, much to many analysts' dismay -- the company also unveiled another pair of iPhones, a new Apple Watch, a wireless charging pad, and Apple TV 4K. The shares of AAPL hit an intraday hi...Read More
The Dow Jones Industrial Average (DJIA) is slightly lower at midday,unable to build on the solid gains from the last two sessions. Apple's big iPhone reveal yesterday has done little for the stock, which at last check was trading in the red to lead the Dow laggards. Both the S&P 500 Index (SPX) and Nasdaq Composite (COMP) are also lower, though the former eked out another all-time high earlie...Read More
Wireless technology stock Energous Corp (NASDAQ:WATT) has been an intriguing speculative play on Wall Street in recent years. Interest in the shares increased dramatically at the end of 2016, following comments by the company's CEO that many interpreted to mean it was working with Apple. As it turns out, that's not the case, since Apple yesterday announced it's using Qi technology in the iPhone...Read More
Analysts are weighing in on electric car company Tesla Inc (NASDAQ:TSLA), tech concern Micron Technology, Inc. (NASDAQ:MU), and software company Oracle Corporation (NYSE:ORCL). Here's a quick roundup of today's bullish brokerage notes on shares of TSLA, MU, and ORCL. TSLA Target Hike is Faint PraiseBarclays raised its price target on Tesla stock to $210 from $165, even as the firm backed its "unde...Read More
Analysts are weighing in on oil-and-gas issue Whiting Petroleum Corp (NYSE:WLL), healthcare firm Mallinckrodt PLC (NYSE:MNK), and airline stock American Airlines Group Inc (NASDAQ:AAL). Here's a quick roundup of today's bearish brokerage notes on shares of WLL, MNK, and AAL.Whiting Petroleum Stock Shrugs Off Morgan Stanley DowngradeWhiting Petroleum stock has turned 1% higher to trade at $4.4...Read More
After two big days, U.S. stocks look set to cool off today. Among specific stocks in focus are retailer Nordstrom, Inc. (NYSE:JWN), healthcare company Centene Corp (NYSE:CNC), and crane manufacturer Terex Corporation (NYSE:TEX). Here's a quick look at what's boosting shares of JWN, CNC, and TEX. Nordstrom Reportedly Being Taken Private by Leonard GreenNordstrom stock is up 5.2% before the bell...Read More
After finishing yesterday at its highest close ever, the Dow Jones Industrial Average (DJIA) is set to open lower this morning, with Apple stock signaling a negative start after yesterday's big iPhone reveal. Futures are also lower as traders digest the latest round of wholesale inflation data. The producer price index (PPI) rose 0.2% last month, compared to the estimated 0.3% rise, due to highe...Read More
After five years of declines, copper prices stabilized in 2016, and have surged higher recently, now approaching a three-year high. The metal is used for many things, including factories, electronics, and power generation. Due to its wide use across many sectors, copper is often considered a leading indicator of economic activity. Naturally, this could be an argument for higher stock prices going...Read More
The U.S. stock market rallied once again, with the S&P 500 Index (SPX) hitting fresh record highs and the Dow Jones Industrial Average (DJIA) expanding on Monday's huge surge -- thanks in large part to a bank rally and Pfizer's big day. Stocks got an early boost from Treasury Secretary Steve Mnuchin, who predicted tax reform would get done by the end of the year. The Nasdaq Composite (COMP...Read More
September is historically been a weak month for the Health Care Select Sector SPDR Fund (XLV). According to data from Schaeffer's Quantitative Analyst Chris Prybal, the fund has averaged a 1.7% loss in September since its inception. Nevertheless, XLV is bucking this bearish trend so far this month -- thanks in part to a big surge for Pfizer -- up 2.4% since its Aug. 31 close to trade at $93.25, a...Read More