U.S. stock futures are trading higher this morning. In fact, the Dow Jones Industrial Average is poised to log its seventh win in a row as inflationary concerns ease.
Wall Street could get another sentiment shot in the arm today. April import prices and the May University of Michigan consumer-sentiment index are both due out later this morning.
However, tech is under pressure. Nvidia....More>>>
Blockchain has gotten a lot of attention as the foundation for cryptocurrency transactions, but the technology has many uses beyond keeping a record of who’s exchanged bitcoins with whom. Blockchain is, at its simplest, an open ledger that isn’t owned by anyone. It’s a technology that is used to make financial transactions, sure, but its decentralized nature means that people,....More>>>
U.S. stock futures are trading broadly lower this morning. Wall Street was clearly anxious ahead of this morning’s April jobs report. Expectations were for a gain of 188,000 last month, on the heels of March’s surprisingly low 108,000 job adds.
Meanwhile, corporate earnings continue to chug along. Alibaba Group Holding Ltd (NYSE:BABA), Celgene Inc. (NASDAQ:CELG) and GoPro Inc.....More>>>
Advanced Micro Devices, Inc. (NASDAQ: AMD) reported a "solid" first quarter with a beat-and-raise Wednesday afternoon that reinforced Stifel's bullish stance on the semiconductor stock.
Stifel's Kevin Cassidy maintains a Buy rating on AMD with a price target lifted from $13 to $14.
AMD's Q1 report was highlighted....More>>>
Stocks opened slightly higher on Wednesday as investors begin to reap some rewards from the start of first quarter earnings season. Despite this recent market momentum, uncertainty is still present, which means investors need to continue to utilize Q1 earnings season in order to look for stocks set to top earnings estimates.
First quarter earnings season has already helped some stocks kick....More>>>
U.S. stock futures are plunging this morning. Another key exit from the Donald Trump White House has set investors on edge, as Gary Cohn, the head of President Trump’s National Economic Council, resigned. Cohn was considered a moderating voice in the White House, and opposed Trump’s tariff proposal.
As a result, Dow Jones Industrial Average futures have plummeted 1.02%, S&P....More>>>
Technology stocks took off with the rest of the market on Monday as the Tax Reform rumors gave investors reason to shovel more cash into the market. The one-day bump has put the sellers into the driving seat again as end-of-year tax selling and profit-taking are likely to drive prices over the next week.
VeriFone Systems Inc (NYSE:PAY), Apple Inc. (NASDAQ:AAPL) and Advanced Micro Devices,....More>>>
The recent takeover bid by Broadcom (NASDAQ:AVGO) has simply changed smartphone chip giant QUALCOMM, Inc. (NASDAQ:QCOM) shares’ fortunes after struggling for the majority of the year since the January sell-off. ThoughQualcomm board has rejected the $70 per share acquisition offer, this news has lead to a strong rally in QCOM stock since October end gaining more than 30%.....More>>>
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Futures are indicating a break in the rally as investors take stock of how quickly we’ve seen the rally lift stocks. From a technical perspective, the market remains in an overall trading range as we’ve not seen a technical catalyst that can sustain a trend higher in the S&P 500 Index. In all likelihood, that catalyst won’t come until the next earnings season which....More>>>