U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...
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U.S. markets were weak to start Friday’s session despite a blowout GDP number as mixed corporate earnings weighed on the major indexes. The rebound off the lows in the second half of action held into the closing bell to give the bulls the overall weekly win.The blue-chips lagged for the week, and the small-caps remain below a key resistance level, but the overall market momentum remains...
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Federal Reserve Chairman Jerome Powell is expected to emphasize the Fed will continue to be patient and hold back from raising interest rates, but there is a risk the Fed could inject some volatility into markets in the week ahead.The Fed meets Tuesday and Wednesday, in a week heavy with earnings news and some key economic reports. Friday’s employment report tops the list of data releases, but...
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U.S. markets showed strength throughout Tuesday’s session as better-than-expected earnings and mostly positive economic news helped fuel the rally. The gains propelled the S&P 500 and Nasdaq to fresh record closes as both indexes came within 5 points of setting all-time highs.The Russell 2000 showed the most strength after zooming 1.6% and testing a session high of 1,587. Prior and...
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Tesla reported a wider-than-expected loss and less revenue than anticipated during the first quarter as demand for its electric cars waned after the company lost a valuable tax credit for buyers on Jan. 1.Executives braced investors for another loss in the second quarter before returning to profitability in the second half of the year.Here’s what Tesla reported, versus what analysts expected...
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Only one other S&P 500 stock has all ‘buy’ ratings from analysts, but a further search identifies dozens moreAll 45 sell-side analysts who cover Amazon.com rate the stock a “buy.” That is incredible, considering the shares trade for about 71 times the forward consensus earnings estimate, more than four times that of the benchmark S&P 500 Index.How high are the forward...
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