Tag Archives: Stock

Victoria’s Secret stock (VSCO) is poised to look much sexier over the next 12 months, says closely followed JPMorgan retail analyst Matt Boss.  Boss reiterated his Overweight (buy equivalent) rating and $100 price target on Victoria’s Secret on Wednesday after a host of positive news from the intimate apparel retailer sent its stock higher by 11% to $53.  First, the company revealed a new $250 million stock buyback plan. The plan is the first buyback for Victoria’s Secret since being… Source link

San Francisco (Reuters) -Tesla Inc Chief Executive Elon Musk has exercised all of his options expiring next year, signaling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker.    Musk said last week that he would reach his target of selling about 10% of his stake in Tesla “when the 10b preprogrammed sales complete,” likely referring to his options-related stock sales.    Since early November, he has exercised options expiring next… Source link

U.S. stock futures were muted on Tuesday after the S&P 500 took a breather in earlier trading, closing out a choppy session day in the red after the index ceased a four-day climb toward its 70th all-time high. Contracts on the Dow, S&P and Nasdaq ticked up slightly but were mostly flat. Markets closed on a mixed note following seesaw action from all three major indexes as investors weighed rising coronavirus cases across the globe. After reaching an intraday high, the S&P 500 reversed course… Source link

Christmas may be over, but for investors, the gifts may have only just begun. The “Santa Claus Rally” looks to send 2021 off on a high note for the stock market. The S&P 500 (^GSPC) set a record high for the second consecutive day on Tuesday, subsequently falling a bit in light of a small midday tech stock sell-off. ‘Ho, ho ho’, stocks on the rise? The last five trading days of the year and the first two trading days of the next year together are often the biggest week of the year for the… Source link

Peloton (PTON) may be losing some popularity after a series of headline setbacks, according to analysis of Google Search trends out of Raymond James on Tuesday.  “Historically, Google Search Trends data has correlated well with Peloton hardware sales. Based on our updated analysis, the search trends data indicates continued softening of demand for Peloton sales in the December quarter. Google Trends data indicate U.S. Search Trends have declined 30% year-over-year in the December quarter… Source link

Shares of Digital Turbine Inc. APPS, +2.06% shot up 9.7% in premarket trading Tuesday, putting them on track to post a seventh-straight gain, after the media and mobile communications company announced a multi-year partnership with Alphabet Inc.’s GOOGL, +0.67% Google. With the partnership, Digital Turbine will with with Google Cloud partner SADA to implement Google’s business and cloud offerings to support growth. “By partnering… Source link

U.S. stock futures were up Tuesday morning after the S&P 500 closed at another record high in an all-around strong day for markets that jump-started the anticipated year-end bull run known to investors as the Santa Claus Rally. Contracts on the S&P 500, Dow, and Nasdaq were up modestly ahead of the day’s trading session. The Dow and Nasdaq were each up about 70 points, while the S&P inched about 10 points higher. For the second consecutive trading session, the S&P 500 soared past its previous… Source link

Some reassuring words on record-setting markets into the New Year from JPMorgan strategists.  “In particular, outside of the Big 10 stocks in the U.S., equity drawdowns and multiple de-rating have been severe. Russell 3000 was down only -4% and Nasdaq Composite -7% from 12-month highs, however, the average drawdown for constituents in these indices was -28% and -38%, respectively. Some argue this price action is a harbinger of late-cycle dynamics or at least an intra-cycle 10-20% market… Source link

Stock futures crept up on Monday as investors head into a quiet final week of the year, with lower trading volumes and light economic data and corporate earnings releases. Contracts on all three major indexes were in the green ahead of the trading session but ticked up only slightly after last week’s rally heading into the Christmas weekend. The S&P 500 closed at a record on Thursday, along with the Dow Jones Industrial Average and Nasdaq, buoyed by positive data that suggested the Omicron… Source link

Contracts on the Dow, S&P, and Nasdaq were sideways heading into overnight trading on Wednesday, building on back-to-back sessions of gains as fears the Omicron variant would derail economic growth cooled among investors who sold-off risky assets at the start of the week on reports of swelling case numbers. Futures on all three major indexes were in the green Wednesday evening. The moves follow positive economic data that curbed worries of Omicron’s impact on the economy and inflation… Source link