U.S. equities finished mixed on Friday, a quiet end to what was an exciting and volatile month. In the end, the Dow Jones Industrial Average gained 0.3%, the S&P 500 gained 0.2%, the Nasdaq Composite lost 0.1% and the Russell 2000 lost 0.1%. Treasury bonds weakened, the dollar was slightly stronger, gold lost 0.3% and oil climbed for the seventh straight session up 2.5%.
June 19, 2017: Markets opened higher Monday as tech and healthcare stocks carry the day. Th energy, telecom, and utilities lagged on Monday. No significant economic news was released today nor is any expected until Wednesday’s reports on existing homes and crude oil inventories. WTI crude oil for July delivery settled at $44.20 a barrel, down 1.2% for the day. August gold dropped....More>>>
Can Lululemon hold up to Amazon?
Lululemon’s (NASDAQ:LULU) Q1 brought a pop to the stock as it beat on revenues and earnings. What no one seems to be talking about is the shrinking nature of those earnings. Net revenue grew 5% from Q1’16 which is great. Comparable sales have stalled; falling 1%, while comparable store sales fell 2%. Comp sales are a pretty good indicator....More>>>
May 23, 2017: Markets opened higher again Tuesday but have not moved much higher as the session went on. The blue chips performed best with particular strength in financials. Tech stocks and consumer discretionaries are on track for a down finish. WTI crude oil for July delivery settled at $51.47 a barrel, up 0.7%. June gold dipped 0.5% for the day to settle at $1,255.60. Equities were....More>>>
Athletic footwear and apparel company Nike (NYSE:NKE) has been around since 1964. As the retail market has been facing tough competition against e-commerce business, how has Nike been holding up? Well, since the company’s financials continuously look better each year and it’s outperforming its competition, the popular company should be on investors’ minds right now.