Stocks opened cautiously higher Tuesday but lost steam as the session wore on. Investors are on tenterhooks ahead of Federal Reserve Chair Jerome Powell’s Friday speech in Jackson Hole, Wyoming. Ahead of this key event, market participants took in a mixed batch of retail earnings, which did little to lift sentiment. The Federal Reserve’s annual… Continue reading Stock Market Today: Dow, S&P 500 Hit By Struggling Financial Stocks, Dick’s Earnings
Dick’s Sporting Goods Cuts Profit Outlook As Inventory Theft Worsens
Dick’s Sporting Goods’ (DKS) sales and earnings results missed expectations as the retailer reduced its full-year outlook amid the “increasingly serious issue” of inventory theft. The company’s stock responded to the news by plummeting more than 20% in the day’s trading. For the second quarter ended July 29, Dick’s reported net sales growth of 3.6%… Continue reading Dick’s Sporting Goods Cuts Profit Outlook As Inventory Theft Worsens
Lowe’s Beats Q2 Earnings Estimates As Sales Decline Slightly
Online shoppers, contractors and other professionals in the home improvement space drove a strong recovery in the spring for Lowe’s (LOW), propelling the retailer to a better-than-expected performance in the second quarter. “Our investments in our Total Home strategy continued to drive growth across Pro and online this quarter. And we are excited by our… Continue reading Lowe’s Beats Q2 Earnings Estimates As Sales Decline Slightly
Five Downsides of Investing in Alternatives
Over the past couple of years, investors have demonstrated a strong appetite for alternative investments such as private equity, private credit, real estate, collectibles and more. According to research and analytics firm Prequin, the global market for alternative investments will be $18.3 trillion by 2027, up from $9.3 trillion at the start of 2022. From… Continue reading Five Downsides of Investing in Alternatives
These 2 stats show how tight the US housing market has become in the last year
The US housing market is historically unaffordable, and home sales and inventory remain low. National Association of Realtors data shows existing-home sales are down 16.6% from last July. At the same time, total housing inventory is 14.6% lower compared to a year ago. Loading Something is loading. Thanks for signing up! Access your favorite topics… Continue reading These 2 stats show how tight the US housing market has become in the last year
Legendary investor Jeremy Grantham’s GMO is launching its first ETF
Jeremy Grantham’s GMO has filed with regulators to create its first ETF. The proposed fund will be actively managed and focus on high quality stocks. This comes as investment firms are turning towards ETFs over mutual funds, which have fallen in popularity. Loading Something is loading. Thanks for signing up! Access your favorite topics in… Continue reading Legendary investor Jeremy Grantham’s GMO is launching its first ETF
Bank of America says buy these 26 small-cap value stocks set to outperform and lead in cash returns as the economy officially enters a recovery stage
Bank of America says small-cap value could lead the US recovery. These stocks have historically outperformed during the previous eight recovery cycles. If August trends upwards per a BofA indicator, then the US economy will officially be in recovery. July may go down as the month when things began to look up for the US… Continue reading Bank of America says buy these 26 small-cap value stocks set to outperform and lead in cash returns as the economy officially enters a recovery stage
Here’s why stocks have tanked in August and what Wall Street expects to happen next
The S&P 500 has dropped almost 5% in August after gaining 21% in the first seven months of 2023. Wall Street firms and market commentators are divided on whether stocks will resume their rally after this month. Bears include Michael Burry and David Rosenberg, while Goldman Sachs and Fundstrat are more optimistic. Loading Something is… Continue reading Here’s why stocks have tanked in August and what Wall Street expects to happen next
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