The stock market traded on both sides of the ledger on Tuesday following a disappointing update on new home sales which declined 5.9% to a 863,000 rate in April. Other housing news was mostly positive as the FHFA home price index rose 1.4% to 324.9 while the S&P Case-Shiller 20-city home price index gained 2.2% to 251.6. The slightly lower close was a disappointment but remains a bullish...
Continue reading >>Oversold, OCGN is gaining momentum. According to Tip Ranks, “Ocugen has inked a deal with India-based Bharat Biotech for the US rights for the company’s vaccine COVAXIN. And Bharat has now reported positive second interim analysis results from the COVAXIN Phase 3 trials. The vaccine displayed an overall efficacy rate of 78%, with 100% success against severe cases of the disease. COVAXIN...
Continue reading >>The stock market was mixed on Wednesday after Treasury Secretary Janet Yellen attempted to walk back her comments where she said interest rates may need to rise to keep the economy from overheating. Yellen clarified that she was not making a forecast or advocating for a rate hike from the Fed.The blue-chips rebounded to set a fresh record high while Tech and the small-caps showed continued...
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Continue reading >>The stock market was mixed on Wednesday after Treasury Secretary Janet Yellen attempted to walk back her comments where she said interest rates may need to rise to keep the economy from overheating. Yellen clarified that she was not making a forecast or advocating for a rate hike from the Fed.The blue-chips rebounded to set a fresh record high while Tech and the small-caps showed continued...
Continue reading >>Deere, one of the best-performing industrials, is about to report earnings. The company, whose stock is up more than 30% this year, will release results before the bell Friday. Deere is a rare hybrid of industrials and tech. High-profile investor Cathie Wood of ARK Invest sees it as a tech company, even adding it to the firm’s ARKQ autonomous technology and robotics ETF. Those investments...
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