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
aerogondo The Industrial Select Sector SPDR Fund ETF (XLI) jumped +2.44% for the week ended July 12, while, the SPDR S&P 500 Trust ETF (SPY) rose +0.96%. Joby Aviation took the top spot among the gainers, while airline-related stocks were among the decliners. Industrials was among the 10 of theContinue 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
Leon Neal Take-Two Interactive Software (NASDAQ:TTWO) rose 2% as an update from Jefferies cemented it as the firm’s top pick in interactive entertainment while also weighing in on Electronic Arts (NASDAQ:EA) and Roblox (NYSE:RBLX). “The wait is nearly over” on Take-Two’s game slate, led most prominently by Grand Theft AutoContinue 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
UBS analysts updated their “global top list.” Leadership among stocks once again narrowed in June, with info technology (XLK) keeping its top seat among the sectors. “The resilient economy should allow earnings to recover, while we expect discount factors to decline as inflation normalizes and central banks embark on anContinue Reading
Spencer Platt/Getty Images News Tesla’s (TSLA) been in vogue on the Interactive Brokers (IBKR) trading platform, with a recent surge in the electric vehicle maker’s stock price drawing attention away from AI chipmaker Nvidia (NVDA). Shares of Tesla (TSLA) on Tuesday cemented their 10th consecutive win, and the “straight upContinue Reading
