Good MorningEquity markets advanced on Thursday after a resolution to the debt ceiling deal emerged. The S&P 500 gained almost 1.0% by the end of the day and is on track to set a new high in the coming week. The caveat for traders and investors is that the index is still below the critical 4,300 mark and may not be able to advance beyond it.
The NFP report will dominate Friday's action. The NFP is expected to moderate job growth, an uptick in unemployment and ongoing wage inflation. The news, as expected, suggests a slowing in the economy but does not give the FOMC much leeway regarding interest rates. With inflation still running hot, the FOMC will have to keep rates higher, which will continue to pressure S&P 500 earnings. Featured: BREAKING: Tiny biotech successfully treats blindness (Behind the Markets) 
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PVH Corporation (NYSE: PVH) shares pulled back in the wake of the Q1 release and guidance, which begs the question, is the value a buy? The stock is certainly a value compared to peers like Ralph Lauren (NYSE: RL) and Levi Strauss (NYSE: LEVI), but offsetting factors may make this stock less than ... Read the Full Story |
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Markets | | | Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared. The S&P 500 leaped 1.5% for the latest surge in a rally that's vaulted it nearly 20% since mid-October. That put Wall Street's main measure of health on t... Read the Full Story |
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PVH: Is This Value Back In Style?
Shares of Nordstrom (NYSE: JWN) are trading higher by nearly 2% on Thursday's trading session on the back of adjusted earnings per share beat. While analysts expected a loss of $0.11 per share, the company surprised investors and markets alike... Read the Full Story |
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Shares of the discretionary offerings giant Macy's (NYSE: M) are sliding by as much as 15.2% in the pre-market hours of Thursday morning, as the company released its first quarter 2023 earnings results, culminating in a breakout of investor concerns over what was shown. Despite the compa... Read the Full Story |
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Markets | | | Asian stock markets followed Wall Street higher Friday ahead of an update on the U.S. jobs market after Federal Reserve officials reignited hopes another interest rate hike might be postponed and lawmakers gave final approval to a deal to avert a government debt default.Shanghai, Tokyo, Hong Kong an... Read the Full Story |
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Okta, Inc (NASDAQ: OKTA) reported a blow-out quarter that should have the stock moving higher. Instead, the market is moving lower because of 2 analysts' downgrades, which may start a new trend. As good as the Q1 results and outlook are, they include 1 thing that will keep this market capped for t... Read the Full Story |
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Chewy.com (NASDAQ: CHWY) delivered what investors have been waiting years to see; accelerating top-line growth, expanding margins, and a growing lever for profitability. The Q1 news has shares up more than 20%, which is a significant figure, and the analysts will propel it higher. They are recalcu... Read the Full Story |
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Tech | | | Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned Thursday. The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank ... Read the Full Story |
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Markets | | | The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool Read the Full Story |
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Markets | | | Europe's inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities.The annual figure in May eased from 7% in April for the 20 countries that use the euro currency, the... Read the Full Story |
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Friday's Early Bird Stock Of The Day Sisecam Resources LP engages in the production and sale of natural soda ash. It operates through the Domestic and International geographic segments. The company was founded in 1962 and is headquartered in Atlanta, GA. | | View Today's Stock Pick |
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