Weekly Market Recap: Tech Gains vs. Interest Rate Worries
Monday: Mixed Start Interest rate concerns overshadowed gains in the tech sector, leading to a mixed start for the week. The Dow fell by 0.5%, the S&P 500 edged up by 0.1%, and the Nasdaq rose by 0.7%. Tuesday: Nvidia Earnings Boost Anticipation ahead of Nvidia’s earnings lifted sentiment, resulting in a positive session. The Dow and Nasdaq both [...]
Intuit Lifts Guidance on AI Product Hype, But INTU is Falling Today: 3 Things for Investors to Consider
Intuit (INTU) posted third-quarter results yesterday in which the company narrowly beat the analyst estimate on both the top and bottom lines. The company even raised its full-year guidance. But, the stock is down 8% as a result. Intuit is primarily known for its array of tax assistance products - Credit Karma as a personal finance portal, QuickBooks as [...]
VectorVest Wins Readers’ Choice Awards in Stocks & Commodities Magazine 2024
We here at VectorVest are delighted to inform everyone that VectorVest has been selected by Technical Analysis of Stocks & Commodities magazine readers as the recipient of 7 of this year’s Stocks & Commodities Readers’ Choice Awards. Special thanks to our subscribers and Technical Analysis of Stocks & Commodities magazine readers for their support and for taking the time to [...]
The DOJ Just Turned the Temperature Up on Live Nation Antitrust Rumors: Officially Time to Sell LYV?
Live Nation Entertainment (LYV) has been earning its fair share of negative press over the past few years. Just last month we wrote about the Department of Justice (DOJ) potentially bringing forth an antitrust lawsuit against the company. A new report has come out that says this move is imminent and could lead to a breakup of the company. [...]
Target Takes a Tumble on Weak Earnings and Forecast: Why it May Be Time to Sell TGT
Target (TGT) reported first-quarter results Wednesday that left much to be desired, sending shares tumbling lower. The company noted it is seeing a pullback in consumer spending. Revenue came in at $24.53 billion compared to $24.52 billion expected, narrowly avoiding a missing on the top line. However, the retailer did miss the bottom line estimate with EPS of $2.03 [...]
The Effect of China Selling Vast Amounts of U.S. Debt on the U.S. Stock Market
Undeniably, geopolitical tensions around the world are increasing - with the current trade war between China and the U.S. being a notable example. For instance, President Biden has recently imposed large tariffs on Chinese imports into America. Conversely, in the last seven months alone, China has sold $74 billion of U.S. Treasuries and agency debt, according to Bloomberg. Both [...]
