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Fear & Greed Index Drops Further As US Stocks Record Losses For Fourth Straight Session
Thursday, September 1, 2022 - 3:49am | 376The CNN Money Fear and Greed index moved slightly lower, but still remained in the "neutral" zone after U.S. stocks recorded losses for the fourth session in a row. All the three major indices notched their weakest August performance since 2015 following Jerome Powell’s comments at...
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Tuesday's Market Minute: Lululemon's Stretched Expectations Into 2Q Report Thursday
Tuesday, August 30, 2022 - 10:01am | 435In a quick two decades, Lululemon (NASDAQ: LULU) has transformed itself from a standalone Canadian yoga store to one of the world’s most recognized fitness brands with its well-loved omega-resembling logo depicting all that is trendy in the apparel industry. During the five-year period from...
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McDonald's Gets A Price Target Boost By This Analyst; Also Check Out Some Other Major PT Changes
Tuesday, August 30, 2022 - 8:21am | 319Tigress Financial raised the price target on McDonald's Corporation (NYSE: MCD) from $314 to $320. Tigress Financial analyst Ivan Feinseth maintained a Buy rating on the stock. McDonald's shares rose 0.3% to $256.44 in pre-market trading. RBC Capital cut SelectQuote, Inc. (NYSE: SLQT)...
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Dow Drops 1,000 Points On Powell's Hawkish Talk
Monday, August 29, 2022 - 6:50am | 1115(Friday Market Close) Federal Reserve Chairman Jerome Powell opened the day at the Fed’s Jackson Hole Economic Symposium with a speech that reiterated the Fed’s commitment to attacking inflation even if it causes the economy to slow and unemployment to rise. He expressed the...
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Mattel's High Inventory Is Not A Cause For Concern, Says This Analyst
Wednesday, August 24, 2022 - 2:57pm | 341D.A. Davidson analyst Linda Bolton Weiser reiterated the Buy rating on the shares of Mattel Inc (NASDAQ: MAT) with a price target of $45.00. The analyst said the more muted 2022 outlook for Barbie is due entirely to Dream House softness due to its high price point and...
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Amazon.com And 3 Other Stocks Insiders Are Selling
Wednesday, August 24, 2022 - 9:36am | 673Gold futures traded slightly lower this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity...
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These 3 Analysts Cut Price Targets On Macy's After Q2 Results
Wednesday, August 24, 2022 - 8:23am | 175Macy's (NYSE: M) reported better-than-expected Q2 results on Tuesday. However, Macy's reduced its FY22 sales guidance to $24.34 billion - $24.58 billion from the previously expected $24.46 billion – $24.7 billion, against the consensus of $24.36 billion. The company lowered the FY22...
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Nordson To $271? Here Are 5 Other Price Target Changes For Wednesday
Wednesday, August 24, 2022 - 8:01am | 312Rosenblatt cut the price target on Twitter, Inc. (NYSE: TWTR) from $52 to $37. Rosenblatt analyst Barton Crockett also downgraded the stock from Buy to Neutral. Twitter shares fell 0.1% to $39.83 in pre-market trading. Baird boosted Nordson Corporation (NASDAQ: NDSN) price target from $232 to...
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Investor Optimism Decreases Further As Dow Tumbles 150 Points
Wednesday, August 24, 2022 - 6:32am | 360U.S. stocks dropped on Tuesday, with the CNN Money Fear and Greed index inching toward the "fear" zone. However, the index still remained in the "neutral" zone on Wednesday. U.S. private-sector business activity contracted for a second month in a row during the month of August....
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Macy's, Palo Alto Networks And Other Big Gainers From Tuesday
Wednesday, August 24, 2022 - 5:19am | 556U.S. stocks closed mostly lower with the Dow Jones dropping more than 150 points on Tuesday. Here is the list of some big stocks moving higher in the previous session. Aerie Pharmaceuticals, Inc. (NASDAQ: AERI) shares jumped 36% to close at $15.16. Alcon AG (NYSE: ALC) agreed to acquire Aerie...
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U.S. Durable Goods Orders Might Increase By This Much In July, Here Are The Major Macro Issues For Wednesday
Wednesday, August 24, 2022 - 4:35am | 247U.S. stocks closed mostly lower on Tuesday. Macy's, Inc. (NYSE: M) shares, however, gained around 3.8% on Tuesday after the company reported better-than-expected Q2 results. Let’s have a look at the major economic events scheduled for today. The MBA's index of mortgage application...
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Equity Index Futures Trim Overnight Gains As Bulls Try To Charge
Tuesday, August 23, 2022 - 10:49am | 1943Yet overnight, equity index futures were well off their highs. After yesterday’s drop, investors may be realizing that they simply had gotten too carried away with the Fed’s suspected dovishness and now the market may be swinging back to more realistic expectations. As I said yesterday...
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Macy's Q2 Earnings Top Estimates; Cuts FY22 Forecast Citing Macroeconomic Pressures
Tuesday, August 23, 2022 - 8:49am | 344Macy's Inc (NYSE: M) reported a second-quarter FY22 sales decline of 0.83% year-on-year to $5.60 billion, beating the consensus of $5.49 billion. Comparable sales decreased 1.5% on an owned basis and down 1.6% on an owned plus licensed basis versus Q2 2021. Comparable sales...
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Monday's Market Minute: Focal Points For The Week Ahead
Tuesday, August 23, 2022 - 7:55am | 440We begin the week with indices lower into the cash open as investors and traders express concerns ahead of comments from Federal Reserve chairman Jerome Powell at Friday’s Jackson Hole symposium. Fed speakers during the last couple weeks seem to be looking past some of the softer-than-...
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VIX Spikes As Interest Rates Fears Increase
Tuesday, August 23, 2022 - 7:39am | 1264Key Takeaways Stocks Tumble as Interest Rates Fears Rise Investors Hope Fed Chair Jerome Powell Provides Guidance on Friday Travel and Leisure Stocks Ahead of Retailers in Earnings Growth Shawn Cruz, Head Trading Strategist, TD Ameritrade (Monday Market Close)...