Monday: A mixed batch of economic data and a rise in treasury yields influenced the market on the first trading day. Wall Street ended with mixed results, with the Dow declining by 0.6%, the S&P500 slipping 0.2%, and the Nasdaq managing a slight uptick of 0.1%. Tuesday: Bond yields continued to climb, leading to [...]
Much of the conversation surrounding the AI revolution focuses on names like Nvidia, AMD, Palantir, and other stocks that have captured the limelight by capitalizing on this emerging technology. However, there is reason to believe Microsoft (MSFT) could prove to be the real winner of the “AI arms race” in the long run. No, [...]
Levi Strauss & Co. (LEVI) is up around 15% on the day so far after delivering a solid quarterly performance coupled with an optimistic outlook for the remainder of the year. The jeans maker saw a jump in sales as it narrowed focus on its direct-to-consumer segment. The company’s fiscal first quarter saw revenue [...]
The beginning of quarter 2 feels like April Fools keeps going with the markets under pressure due to the Fed’s hesitancy to cut rates, global strife continuing, and Tesla’s (TSLA) poor deliveries dragging the market down. Although delayed rate cuts are disappointing, seeing one of the magnificent 7 continue to plummet hurts like more [...]
The return of Bob Iger to the Disney throne was highly anticipated, and for the most part, well-received. DIS is up more than 22% in the past year and recent earnings reports have suggested that Iger is steering the ship in the right direction. The stock is up more than 33% through 2024. However, [...]
Yesterday, the Centers for Medicare & Medicaid Services (CMS) shared their plans for federal payments to Medicare Advantage plans, and Humana (HUM) has taken a hit on the news. The stock is down 15% so far Tuesday morning. CMS first disclosed these plans back in January. At the time, Humana warned that should the [...]
United Parcel Service, or UPS (UPS), will officially replace FedEx as the United States Postal Service’s primary air cargo provider. This comes after FedEx and USPS failed to agree on new contract terms, which were set to expire later this year on September 29th. FedEx wanted to negotiate a better deal, and ultimately, ended [...]
Monday: Economic Data Weighs on Market Sentiment The week started with a downturn as investors grappled with upcoming economic data releases. The Dow, S&P500, and Nasdaq all recorded losses, slipping by 0.4%, 0.3%, and 0.3%, respectively. Tuesday: Mixed Data Leads to Afternoon Declines Tuesday saw stocks slipping further as investors reacted to a mixed [...]
Shares of Walgreens Boots Alliance (WBA) are relatively flat this morning after the company reported second-quarter earnings that have analysts and investors alike concerned about profits and the long-term viability of the company’s business model. Last quarter, we wrote about Walgreens cutting their quarterly dividend and the fallout that ensued - including removal from [...]
Merck (MRK) received US FDA approval on Tuesday after the market’s close for Winrevair to treat pulmonary arterial hypertension (PAH), causing the stock to climb 4.6% pre-market. The company’s market cap is around $332.7 billion, indicating any notable movement is a result of a significant event, so the approval demonstrates a pretty big win [...]
