|Day's range||3,136.22 - 3,186.82|
|52-week range||2,191.86 - 3,393.52|
“The COVID-19 related collapse in earnings is expected to be reversed slowly as the economy re-opens and the recovery matures into expansion in 2021. These bottoms-up earnings estimates and our assessment of the nature of the recovery has caused us to revise upwards our year-end target to 3400,” said Mizuho Securities’ chief economist Steve Ricchiuto.
Warren Buffett is a loser. Before you attempt to throw something at me through the Internet, allow me to clarify. The billionaire investor is losing compared to the overall market so far this year. The vast bulk of Buffett's fortune is in Berkshire Hathaway (NYSE: BRK.
In 2019, the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) crashed 39%, and it's already down another 24% during 2020. Pot stocks that are able to outperform not just the Horizons ETF but the S&P 500 aren't all that common. By the end of June, GW Pharmaceuticals (NASDAQ: GWPH) stock was up 17% from the start of the year.
Global and US economic data are beating forecasts and there is growing optimism that corporate profits will do likewise, as the second-quarter earnings season plays out in coming weeks. One strong theme supporting equity markets since the worst of the pandemic panic in March is that the shock to companies’ profits will be brief. Analysts anticipate a decline of 21.5 per cent in earnings of the S&P 500 companies during the current calendar year, according to FactSet, accompanied by a slide of 3.9 per cent in revenues.
Twitter (TWTR) closed at $35.40 in the latest trading session, marking a -0.9% move from the prior day.
UnitedHealth Group (UNH) closed the most recent trading day at $291.23, moving +0.02% from the previous trading session.
DocuSign (DOCU) closed the most recent trading day at $210.11, moving -1.09% from the previous trading session.
In the latest trading session, Uber Technologies (UBER) closed at $33.14, marking a -0.03% move from the previous day.
Energy Transfer LP (ET) closed at $6.44 in the latest trading session, marking a +1.58% move from the prior day.
Three of the most beaten-down groups of stocks led today's big day higher for stocks, as investors react to positive news about a potential treatment for COVID-19.
Stocks rose Friday, and the Nasdaq Composite hit yet another record high, after Gilead Sciences announced that its remdesivir treatment reduced the risk of death for Covid-19 patients, based on new data from the company.
The growth stock's move follows speculation that the company may be considering building a small hatchback for the European market. Also helping is news of the possible inclusion of Tesla shares in the S&P 500 market index. When a Twitter user reached out to Tesla CEO Elon Musk on the platform Friday to note that the Model Y is too big for some cities in Europe, he asked whether the company would consider a smaller European-style hatchback.
The most important earnings season in a decade is coming our way. Jeremy can help you cope with historic swings in both directions and show you how to capitalize on countless opportunities for big returns.
In a Yahoo Finance Premium webinar, Brian Shannon, CMT discusses why trading legends missed the bulk of the post-Covid stock market rally and explains how traders can avoid common pitfalls, such as impulsive trading, by having a trading plan and knowing their time frame.
The direction of the September E-mini S&P; 500 Index into the close on Friday is likely to be determined by trader reaction to 3144.50.
Stock markets rallied during the week, with the S&P; 500 being no exception. We broke above the top of a couple of shooting stars which is a bullish sign.
S&P; 500 initially pulled back on Friday again, but then turned around to show signs of life again. This is a market that continues to show extreme resiliency.
In this episode of the Motley Fool Answers podcast, hosts Alison Southwick and Robert Brokamp reveal three lessons related to the unveiling of The Motley Fool's new logo, including one from the best-performing stock of the past 25 years. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
Tesla investors, buckle your seatbelts - the red-hot stock is likely to go from the fast lane into hyper-drive. Having soared 500 percent over the past year - revving to record high after record high – there are two major upcoming events that could push the stock even higher. Tesla CEO Elon Musk reports results on July 22nd and he could cross the finish line with his fourth straight quarterly profit - something never before seen for the electric car maker. If that happens, investors are betting that will trigger another milestone....an entrance into the benchmark S&P 500 index. Fund managers who mimic the S&P 500 would then be forced to buy the stock. S&P Dow Jones - the keeper of the S&P 500 - would neither confirm nor deny plans to add Tesla to the index, but said the so-called index funds that would need to buy Tesla to replicate the S&P 500 hold at least $4.4 trillion in assets. And there are trillions of dollars more at stake from stock pickers who are judged by a how well they do compared to the S&P 500; they too may be forced to buy Tesla shares. Sounds like a one-way bet to some, but others may see it as a speed trap. Not only is Tesla one of the most beloved stocks on Wall Street it is also one of the most controversial, due in part to Musk’s sometime mercurial behavior. Investors betting against the stock have put up $19 billion - the largest-ever bet that a company's stock will fall, according to one estimate. These naysayers point out that Tesla's entrance into the S&P 500 is far from a guarantee… And while the company may grab lots of headlines, it still sells far fewer cars than its larger rivals. In addition, competitors such as Porsche and General Motors are hard at work on their own electric models, hoping to eventually dim Tesla's halo and its meteoric stock price.