|Day's Range||2,709.18 - 2,719.50|
|52 Week Range||2,386.92 - 2,872.87|
Applied Materials (AMAT) shares fell 8.3% to close at $49.51, after hitting an intraday low of $48.53, as analysts were split on target price moves after the company’s sales outlook was lighter than Wall Street expected. For the week, shares of Applied Materials are down 9.7%, the SOX index swung to a weekly loss of 0.4%, and the S&P 500 (^GSPC) finished down 0.5%. Late Thursday, Applied Materials estimated adjusted earnings of $1.13 a share to $1.21 a share for its fiscal third quarter on revenue of $4.33 billion to $4.53 billion, while analysts surveyed by FactSet had expected earnings of $1.16 a share on revenue of $4.53 billion.
Jet-fuel prices have climbed 15 percent this year, and have surged around 60 percent over the past year, according to S&P Global Platts, presenting airlines with a growing fuel bill just before the summer travel rush, the busiest time of year. Airlines don't want to risk losing customers to a competitor with better fares or a more robust schedule. "I envision this like a high school dance," Jamie Baker, senior airline analyst at J.P. Morgan Chase.
Investors got a rude awakening in April when executives at Caterpillar said the construction and mining equipment company didn't expect to top its first-quarter profit for the rest of the year. All that has some investors worried that profit growth will slow down and pinch stocks. Sam Stovall, chief investment strategist for CFRA, said that based on the state of the economy and recent history, company profits should keep rising throughout 2018 and 2019 at least.
The current turmoil in the U.S. political system is a timely example. index lost 0.4%, while the MSCI EAFE index (this index tracks large- and mid-capitalization companies of developed markets, excluding the U.S. and Canada) gained 0.7%, and the MSCI Emerging Markets (EM) index gained nearly 1%. Diversification of return streams is one of the best reasons to consider investing in foreign stocks.
The government coffers of oil producing countries are swelling, but drivers in consumer nations are paying more for their fuel. As Brent hits $80 a barrel, who are the winners and losers of rising crude prices? Among the winners are the major oil producing countries and energy companies.
Facebook, Twitter and Akamai forged proper handles with new buy points last week as the stock market dipped. Google-parent Alphabet, Alibaba are working on handles.
The U.S. dollar has been on a nearly unstoppable uptrend since the start of the second quarter, rising in tandem with government bond yields, while equities got the short end of the stick. Now, investors wonder whether a buoyant buck will derail earnings growth. Since the beginning of April, the ICE U.S. Dollar Index (IFUS:DX-Y.NYB), a popular gauge of the U.S. currency that measures it against six rivals, is up 3.9%.
The Federal Reserve is all but set to raise interest rates in June. Beyond that, the central bank's options are limited by one critical factor, according to one market watcher.
Investors will soon turn their attention to Corporate America's outlook for 2019. Here are several stocks that are worth a look.
Since the stock market's collapse into the February lows, investors have been bombarded by conflicting views and a number of reasons to stay out of the stock market. This week, there were wrinkles in the negotiations, as North Korea reacted poorly to the Libya analogy floated by National Security Adviser John Bolton.
"Sell in May and go away," arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years. Though the exact origins of the phrase are ...
In a bull market getting long in tooth, good value stocks are getting harder to find, but these three companies fit the bill. Find out why I own all three.
The flaw in human nature I’m talking about is called recency bias. When we look at stocks over the last decade, we see that the market’s compound annualized growth rate is actually modest—in fact, it’s pretty much in line with the historic norm. The reason for this is clear: after the excesses of the dot-com bubble and its early 2000s correction, and after the excesses of the housing boom and its 2008–09 correction, stocks have actually had a humble growth rate over a long timeframe.
With the U.S. dollar hovering around a 2018 high, the mood on Wall Street is that dollar strength will mean less bumper sales and profits for multinational companies later this year. Here are some takeaways from S&P's research.
The S&P 500 went back and forth during the week, testing the 2700 level as support. We have formed a somewhat neutral candle, with a slightly negative bias. However, we have recently broken out to the upside and formed a massive green candle, as well as breaking above the major downtrend level.
The S&P 500 when sideways over the course of the session on Friday, losing just a slight bit. We continue to see a lot of support just below though, so I think that the buyers will probably come back in if we get some type of catalyst.
U.S. stocks stalled Friday, posting weekly losses as bubbling uncertainty around global trade policies and interest rates limited investors’ appetite for risk. Stocks struggled for traction as investors grappled with geopolitical tensions spurred by new government proposals in Italy, doubts about a coming meeting between the U.S. and North Korea and continuing trade talks with China. “There are a few fires at the moment that investors need to take on board,” said Olivier Marciot, a multiasset portfolio manager at Unigestion.
By Stephen Culp NEW YORK (Reuters) - The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks. ...
On a day stocks were largely unchanged, Campbell Soup announced a dreadful quarter and a CEO departure, and PayPal is making a big acquisition.
Forget the S&P 500 and the Dow Jones Industrial Average. The Standard & Poor’s 500 (SPX) fell 7.16 points Friday to 2712.97, and the Dow Jones Industrial Average (DJIA) rose 1.11 points to 24,715, both ending the week down 0.5%. Down for the week, too, were all the trendy hot stocks. Facebook (FB), Apple (AAPL), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOG) each fell, albeit only slight.