Second-quarter earnings season is coming to a close, with more than 95 percent of Standard & Poor’s 500 index companies already reporting. Wells Fargo analyst Christopher Harvey has compiled earnings and market reaction data for the entire S&P 500 up to this point. The results reveal a mostly positive quarter for companies and a mostly negative market…
Foot Locker, Inc. (NYSE: FL) stock had already declined 30 percent in the past three months ahead of Friday’s second-quarter earnings report. Unfortunately for Foot Locker stock owners, huge earnings and revenue misses, as well as negative commentary from management sent shares tumbling yet another 25 percent in early Friday trading.
The Standard & Poor’s 500 index flirted with a 1 percent drop on Thursday before recovering to close down just 0.5 percent on the day. The spike in volatility may be in response to growing investor fears that bubbles are forming in global financial markets.
Wal-Mart Stores Inc (NYSE: WMT) reported second quarter earnings and revenue beats and raised its full-year guidance on Thursday morning. Unfortunately for Walmart investors, you wouldn’t know the good news by looking at the company’s stock, which was initially down more than 3 percent following the report.
The newly-released Federal Reserve meeting minutes from its July meeting kept investors guessing about when to expect the next interest rate hike and when the Fed will begin to unwind its bloated balance sheet. For now, the best news for investors may be that Fed members see no obvious cause for concern about the record-high U.S. stock…
Urban Outfitters, Inc. (Nasdaq: URBN) shares soared more than 21 percent on Wednesday after the company reported second-quarter earnings that blew Wall Street’s expectations out of the water. Like many other U.S retailers, Urban Outfitters is facing a difficult environment, but the latest numbers could be a sign the company and its stock have weathered the worst…
The bond market is giving Amazon.com’s (Nasdaq: AMZN) bond sale a better credit rating than the one offered to Tesla (TSLA) investors last week.
With the sporting goods competition dropping like flies, Dick’s Sporting Goods Inc. (ticker: DKS) was unable to take advantage of the opportunity in the second quarter. On Tuesday, Dick’s reported disappointing second-quarter earnings and lowered its full-year guidance in the face of what it calls a “challenging retail environment.”
President Donald Trump will be taking steps to follow through with one of his most controversial campaign promises this week as the U.S. is set to begin trade talks with Canada and Mexico.
Tesla Inc. (TSLA) completed its first ever traditional, non-convertible bond sale on Friday, raising $1.8 billion of much-needed cash. The bond auction went off without a hitch for Tesla and was an encouraging sign to Tesla bulls that bond investors are as optimistic about the company as shareholders.