The S&P500 (SP500) closed in the green on Friday, after investors digested quarterly results from big banks and data showing consumer prices cooling down in June, bolstering bets for a September rate cut. For the week, the Nasdaq (COMP:IND) lost 0.7%, while Dow (DJI) advanced 1%. Wall Street had aContinue Reading
The S&P 500’s Energy sector (NYSEARCA:XLE) had a lackluster performance during the second quarter, as it fell 4.2% in the period. The sector, which holds a 4.3% weightage on the S&P 500 index and is composed of companies that are into oil production, drilling, refining and transportation, has gained nearlyContinue Reading
With an impressive show so far this year, the S&P 500’s Information technology sector (NYSEARCA:XLK) clocked an 8.32% gain in the last three months, making itself the highest outperformer compared to the broader market. The artificial intelligence frenzy led a bull run in tech stocks, with investors rallying on theContinue Reading
With the second-quarter earnings season around the corner, let’s take a closer look at the materials sector, which shed 4.7% in the April-June period, underperforming the broader stock market. That compares to a 2.9% growth in the overall materials sector in the same period a year ago. According to SeekingContinue Reading
adamkaz/E+ via Getty Images Seeking Alpha’s Quant Rating system rates Host Hotels & Resorts (HST), Realty Income (O) and Kimco Realty (KIM) as top picks among the S&P 500 real estate stocks ahead of the Q2 earnings season. Quant assigns grades according to quantitative measures, like valuation, earnings growth andContinue Reading
The S&P 500’s health care sector (NYSEARCA:XLV), holding a weightage of 12.12% in the S&P 500 index, saw a fall of 0.49% in Q2 and is the fifth lowest scored sector by the SA Quant rating system. With earnings kicking off next week, we look at the sector’s performance andContinue Reading
LaraBelova Mizuho Securities called out Boyd Gaming (NYSE:BYD) and Red Rock Resorts (NASDAQ:RRR) as intriguing picks in the casino sector ahead of the Q2 earnings season. Analyst Ben Chaiken thinks trends are sequentially improving for both casino operators. The firm updates Q2 earnings estimates for both RRR and BYD andContinue Reading
The S&P500 (SP500) closed in the green on Friday, after an eventful week that saw the arrival of fresh economic data supporting the easing of monetary policy. Besides focusing on the Fed’s monetary policy committee meeting, market participants also digested comments from Fed chair Jerome Powell. For the week, theContinue Reading
hapabapa Adobe (NASDAQ:ADBE) is one of the new entrants to Mizuho’s monthly compilation of top picks. The top picks list has the highest conviction ideas identified by the bank’s US analysts. Analyst Gregg Moskowitz suggested the breadth of Adobe’s (ADBE) AI monetization is “being underappreciated” by Wall Street and itContinue Reading
Mizhuo picks Axsome Therapeutics (AXSM), Wave Life Sciences (WVE), Arcutis Biotherapeutics (ARQT), LivaNova (LIVN) and Humana (HUM) as July’s top picks. Mizhuo put out a list of its top stock picks for the month in every sector. According to the broker research on Axsome, “While we see >$1bn in peakContinue Reading
