Investors certainly seem to like what they see from the new Senate health care bill. Shares of a number of high-profile insurers, pharmaceutical companies and hospitals traded higher on Thursday after the Senate revealed the details of its Affordable Care Act replacement.
Oracle Corporation (ticker: ORCL) stock was flying higher by 9 percent on Thursday after the company reported impressive fiscal fourth quarter growth in its cloud services divisions. Oracle reported earnings and revenue beats for the quarter, but Wall Street’s focus is on whether strength in the company’s cloud services business is cyclical or secular.
West Texas Intermediate crude oil prices dipped below $44 per barrel to their lowest levels of 2017 this week, dragging down much of the U.S. energy sector. As the Standard & Poor’s 500 index continues to rip higher, energy stocks are losing their influence over the index.
Adobe Systems Incorporated (ticker: ADBE) shares jumped more than 4 percent to new all-time highs on Wednesday after the company topped Wall Street’s quarterly revenue and earnings expectations. On Tuesday afternoon, Adobe reported impressive fiscal second-quarter numbers driven by strength in its cloud services segment.
Airline stocks have been on fire of late, with shares of the big four U.S. airlines stocks – Delta Air Lines (ticker: DAL), Southwest Airlines (LUV), United Continental Holdings (UAL) and American Airlines Group (AAL) – up between 36 and 82 percent in the past year.
After more than a year of slumping sales and a falling share price, Chipotle Mexican Grill, Inc. (ticker: CMG) seemed to finally be back on track. However, a new U.S. Securities and Exchange Commission filing reveals the company’s turnaround efforts aren’t working as well as investors had hoped.
Nike Inc (ticker: NKE) shares have been under pressure this year as the dynamic of the global retail market is changing. But while Nike shares are down more than 10 percent in the past three months, the issues it is facing may simply be a temporary bump in the road for long-term investors.
Microsoft Corp. (MSFT) stock is off to another strong start in 2017, with shares up 13.5 percent so far this year. But despite the stock making new all-time highs this year, Microsoft may be well-positioned for impressive long-term earnings growth and even higher share prices ahead.
Alphabet (GOOG, GOOGL) shareholders capped off a tough week for technology stocks last week with news that the company may soon be hit with at least a $1.4 billion fine from the European Union for non-competitive search practices.
Amazon.com (ticker: AMZN) has just made big splash in the grocery business. On Friday morning, the e-commerce giant announced is has acquired grocer Whole Foods Market (WFM) for $13.7 billion, a deal that immediately gives Amazon access to a major new market.