Good MorningStocks were mixed and mostly unchanged on the first day of August. The Dow posted a slight gain bolstered by a strong earnings report by Caterpillar. The Nasdaq and S&P 500 both finished slightly in the red.
Manufacturing is the latest sector to send the market conflicting signals. Factory orders look to be gradually improving, but factory employment hit a three-year low. Investors will be watching to see if that weakness will extend throughout other sectors when the jobs report comes out on Friday.
Overall, however, the bulls remain in control as we enter into what is typically one of the quieter months of the year. That could change quickly when Apple reports after the market closes on Thursday. The S&P 500 has been flirting with 4,600 for about a month and positive results from the tech giant could send the index to new highs.
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Markets |  | Marriot International (NASDAQ: MAR) is becoming a mouthwatering value play within a sector that is breaking out above all others, a significant factor during questioning economic times such as today. Shares of Marriot are relatively flat, despite posting their long-awaited second quarter 2023 earnin... Read the Full Story >> |
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Markets |  | Shares of Arista Networks Inc. (NYSE: ANET) rocketed more than 20% higher on August 1 following the company's better-than-expected second-quarter results. Arista stock gapped higher at the open and was trading at new highs in monster trading volume. The company is making it very cl... Read the Full Story >> |
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Markets |  | Shares of JetBlue Airlines (NASDAQ: JBLU) are declining by as much as 8.5% during Tuesday's trading session; the significant move down is coming from the company's release of its second quarter 2023 earnings results. Markets may be overreacting by selling highly cyclical stocks, like JetBl... Read the Full Story >> |
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Markets |  | Global shares dipped Wednesday after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings.France's CAC 40 fell 1.3% to 7,311.42 in early trading, while Germany's DAX dipped 1.4% to 16,007.22. Britain's FTSE 100 dropped 1.8% to 7,531.78. U.S. shares were set t... Read the Full Story >> |
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Markets |  | Caterpillar, Inc. (NYSE: CAT) stock is up nearly 8% in early trading after the company blew past revenue and earnings expectations. The question will be whether the report will be enough to move analyst sentiment which, while generally positive, suggests that these results are priced into the stock.... Read the Full Story >> |
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Markets |  | The world’s largest virtual healthcare services provider Teladoc Health Inc. (NYSE: TDOC) stock is finally breaking out of its year-long bearish weekly descending triangle pattern. The 20% jump in share prices within a week was triggered by its Q2 2023 earning report. While still operating in ... Read the Full Story >> |
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Markets |  | Starbucks reported record revenue in its fiscal third quarter as its China business roared back to life.Still, the company's results were mixed for the 13 weeks ending July 2. While its earnings surpassed Wall Street's forecast, its revenue and same-store sales were lower than expected as North Amer... Read the Full Story >> |
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Markets |  | In the privacy-driven business environment, passwords are gradually becoming obsolete. Did you know that the first digital password debuted in the 1960s? Until then, passwords had remained the same over time, despite several improvements to digital identification and verification.Certainly, password... Read the Full Story >> |
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Markets |  | The search continues for a 27-year-old Goldman Sachs senior analyst who vanished after a concert in New York City's Brooklyn borough early Saturday morning.John Castic was last seen around 2:35 a.m. after attending the Zeds Dead concert at the Brooklyn Mirage in East Williamsburg on July 29. He was ... Read the Full Story >> |
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Markets |  | Crumbling COVID-19 vaccine and treatment sales chopped Pfizer's second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023.Pfizer recorded no U.S. sales of its treatment, Paxlovid, in the recently completed quarter, as the company shifts to selling the ... Read the Full Story >> |
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The Early Bird Stock Of The DayWednesday: Stock With Upcoming Ex-Dividend Pacific Premier Bancorp, Inc. operates as the bank holding company for Pacific Premier Bank that provides various banking products and services to businesses, professionals, real estate investors, and non-profit organizations in the United States. The company accepts deposit products, such as checking, money market, and savings accounts; and certificates of deposit. Its loan portfolio includes commercial real estate owner and non-owner-occupied, multifamily, construction and land, franchise real... | | View Today's Stock Pick |
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