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Showing posts with the label Market News.

Market News | SharesTSX Give Back Monthly Gains | Tuesday, May 31, 2022:

 Source: reuters.com TSX gives back monthly gain as resource shares slide May 31, 20223:27 PM GMT-5Last Updated 5 min ago 2-3 minutes Summary Companies TSX ends down 190.06 points, or 0.9%, at 20,729.34 For the month, the index falls 0.2% Energy sector pulls back 2.8%; oil settles 0.4% lower Materials group loses 1.4% TORONTO, May 31 (Reuters) - Canada's main stock snapped its recent winning streak on Tuesday, pressured by a drop in resource shares, as investors grew more nervous that central banks would hike interest rates aggressively to tame inflation. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 190.06 points, or 0.9%, at 20,729.34, after seven straight days of gains. For the month of May, it dipped 0.2%, following a 5.2% slump in April. The S&P 500 (.SPX) also fell on Tuesday as volatile trading in oil prices kept soaring inflation in focus and investors reac

Market News | Tuesday, March 29, 2022:

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  Source: wsj.com Robinhood Is Offering Extended Trading Hours, Eyes 24/7 Trading Will Feuer and Allison Prang 4-5 minutes Robinhood’s logo outside Nasdaq during the company’s IPO last summer. Photo: Amir Hamja for The Wall Street Journal Your browser does not support the audio tag. This article is in your queue. Robinhood Markets Inc. HOOD 24.20% said it is extending the hours it will let its users trade to between 7 a.m. ET and 8 p.m. ET. Shares sur

News | Market News: China's Future Is Defined and Strengthened by Its Past

By James Early 9-12 minutes - Source: Investopedia James Early is a columnist for Investopedia. The views expressed herein are his alone and do not necessarily reflect the views of Investopedia. Since 2012, I've been a frequent visitor to the People's Republic of China. With 52 red stamps on my passport to prove it, I'm still mystified by the incongruities that jump out at me as a Westerner. I’ve come to accept that plenty of contradictions about China will never make sense to the Western mindset. Yet China, whose Communist Party government turns 70 today, marches on, contradictions and all. The same China that’s famous for its human rights violations is the China that lifted more than 800 million people out of poverty as per capita GDP rose from $89 in 1960 to roughly $10,000 today. The China where rural kids burn trash to keep warm is the same China that minted two billionaires per week in 2017, and where life expe

Market News: What to Expect in the Markets This Week

By Caleb Silver 4-5 minutes - Source: Investopedia What to Expect This Week: The third quarter of 2019 comes to a close on Monday (where did the year go?). Earnings season will kick off in a couple of weeks, except for a few companies that report off-cycle, such as Pepsi ( PEP ), Constellation Brands ( STZ ), and Bed Bath and Beyond ( BBY ), which all report next week. They all have their fingers on the pulse of the global consumer, so their forecasts will be important to listen to. The theme of the second quarter earnings was the impact of the trade war and global uncertainty balanced by the strength of the U.S. consumer . We'll see if that narrative holds up, and more importantly, if companies are taking down forecasts going into the final quarter of the year. Late Sunday, a reading of private manufacturing in China came in better than expected. The Caixin/Markit Purchasing Managers Index posted its best reading in 19 m

Market News: Comeback Stocks: Why Snap's Snapback Is Real

By Mark Kolakowski 5-6 minutes - Source : Investopedia Social media company Snap Inc . ( SNAP ) was a red-hot IPO , but its shares peaked on its second day of trading, March 3, 2017. From there to an intraday trading bottom on Dec. 21, 2018, Snap plummeted 83.6%. Since then, the stock has vaulted upward by a spectacular 255% through the close on Sept. 25, 2019. Michael Morris, an analyst with Guggenheim Securities, calls Snap "well positioned to outperform our Internet and Media coverage universe through year end and provide an investor return of nearly 30% through the next 12 months," as he wrote in a report released on Sept. 24 and quoted in Barron's . His price target is $22, or 28.6% above the Sept. 25 close. The Road Down In 2018, owners of Apple iOS devices disliked a redesign of the app, curtailing usage, as reported by Barron's . Daily user growth had stagnated or declined during the final three qua

News: Goldman Says These 9 Stocks Can Lead Even As Recession Signals Grow

By Mark Kolakowski 4-5 minutes - Source: Investopedia Even as the S&P 500 Index (SPX) hovers near its all-time high, a recent report from Goldman Sachs finds that stocks in three areas still have significant potential for additional gains: services-providing companies, dividend-paying stocks, and domestic-focused firms. Among the 50 stocks in Goldman's basket of stocks with a high percentage of sales derived within the U.S. are: Anthem Inc. ( ANTM ), AllState Corp. ( ALL ), Charter Communications Inc. ( CHTR ), Norfolk Southern Corp. ( NSC ), Republic Services Inc. ( RSG ), and Arista Networks Inc. ( ANET ). Additionally, Goldman also recommends that investors focus on aerospace and defense stocks with the lowest exposure to China. They note that these have the lowest reported sales to the Asia Pacific region, the closest proxy they can find across most company reports for sales to China: Northrop Grumman Corp. ( NOC ), Trans