The banking sector is facing its deepest correction in almost three years. Ever since the 2016 election put Donald Trump in office, financial stocks have gone straight up. The primary sector ETF, the Financial Select Sector SPDR ETF (NYSEARCA:XLF) traded around $20 at election time and ran up to as high as $30/share earlier this year.
U.S. President Trump-imposed tariffs worth $34 billion on Chinese goods were implemented on Jul 6, thereby aggravating the already tensed trade situation between the two largest nations. This is the first time that the United States has officially imposed tariffs targeting Chinese imports, following months of verbal accusations that cheap Chinese imports are unfairly swelling
Warehouse retailer PriceSmart (NASDAQ:PSMT) recently reported third-quarter number that disappointed investors. Revenues beat consensus estimates, but earnings missed the mark, and net profits were actually down year-over-year due to margin compression. In response to those numbers, PSMT stock fell more than 10%. In the big picture, this post-earnings sell-off in PriceSmart makes a ton of sense.
By the end of last year, Pandora (P) was an underdog to say the least. A company that was, at one point in time, a cutting-edge music option was struggling to turn a profit in an increasingly competitive industry. Shares of Pandora stock lost over 60% during 2017, including a 30% drop in November on
It’s seemingly all good news for Darden Restaurants, Inc. (NYSE:DRI) at the moment. DRI stock trades at an all-time high, and has gained nearly 15% so far this year and 22%+ since the beginning of 2017. And there’s a lot to like. A blowout Q4 sent the stock soaring to an all-time high. As Larry
One of the most often used arguments in favor of owning Johnson & Johnson (NYSE:JNJ) is its diversity. JNJ stock isn’t just an investment in some of the pharmaceutical industry’s most critical drugs. It’s also an investment in some of the market’s most basic off-the-shelf personal care goods as well as a stake in a
You’re probably not at all surprised by this, but President Trump has very high support among NASCAR fans. According to a report from The Washington Times, they give POTUS a 64% approval rating. But can racetrack operator International Speedway Corp (NASDAQ:ISCA) receive a presidential boost for ISCA stock? If the company’s second-quarter of fiscal year 2018
In 2016, global fast food giant Yum! Brands, Inc. (NYSE:YUM) split its business into two: Yum China Holdings Inc (NYSE:YUMC) and Yum operations everywhere else. Since then, Yum China stock has been the big out-performer. Tailwinds in China consumption coupled with surging popularity in the KFC brand in China has caused the numbers at YUMC to look
When it comes to technology stocks there haven’t been much hotter than Snapchat parent Snap Inc (NYSE:SNAP), which is up 25% over the last month; it’s the 9th hottest tech name according to Finviz.com out of 333 stocks with a market cap higher than $2 billion. Snap stock has had a stellar run. It’s this
Investors shouldn’t care about the fact that President Donald Trump tweeted negatively about motorcycle maker Harley Davidson (HOG) last week. But they should care about why HOG ended up in his crosshairs. Shares of HOG stock have fallen over 9% over the last five trading days. On Monday, Harley Davidson said it is shifting some
Tennis superstar Roger Federer walked onto Centre Court at Wimbledon on Monday, and Nike (NYSE:NKE) fell. As of Monday afternoon, Nike stock was down 3% on the news. Why? Because Federer, who many consider to be the greatest tennis player of all-time and is a global icon for the sport, has always been a Nike guy.
For most of 2018, the athletic retail scene in the stock market has been dominated by a resurgent Under Armour (NYSE:UAA) out-performing an also resurgent Nike Inc (NYSE:NKE). Whether it is a sustainable bump for Under Armour stock remains to be seen. Nike stock, up 24% on the year, has been bid up as investors have
Mobile games maker Glu Mobile Inc. (NASDAQ:GLUU) was one of the hottest stocks in 2017. GLUU stock rose nearly 90% in 2017 as the company’s turnaround efforts through new content yielded positive results, and GLUU reported positive growth for the first time in a while. GLUU stock has continued to be red hot in 2018. Bookings growth
It’s certainly been a wild year for Qualcomm (NASDAQ:QCOM). There was an attempted hostile takeover from Broadcom (NASDAQ:AVGO) as well as difficulties with the acquisition of NXP Semiconductors (NASDAQ:NXPI), which stalled because of the U.S.-Chinese trade tensions. Through all the drama, QCOM stock has eked out a year-to-date return of 6%. And yes, this has meant
T-Mobile (NASDAQ:TMUS) wants in on the M&A action with their proposed buyout of struggling outfit Sprint Corp (NYSE:S). But what will this likely mean for T-Mobile stock and the underlining telecom sector? The telecommunications industry has made serious waves recently, with notably the AT&T Inc. (NYSE:T) Time Warner deal providing the biggest fireworks. The T-Mobile Stock Deal
This week was a rough one for biotech company Pain Therapeutics, Inc. (NASDAQ:PTIE) after the firm’s pain drug, Remoxy ER, was shot down by the FDA advisory committee. PTIE stock had been trading at more than $9 per share ahead of the news and investors were hopeful about the drug’s potential. However, an overwhelming vote
One of the hottest stocks in 2018, and one of the best rebound stories too, has been social media company Twitter (NYSE:TWTR). Largely thanks to the advertising business returning to growth, profit margins starting to trend significantly higher, and the user base continuing to grow at a steady pace, Twitter stock has skyrocketed more than 80%
Investors have been waiting for Starbucks Corporation (NASDAQ:SBUX) stock to break out of its tight trading range for about three years now. It’s finally happened, but Starbucks stock didn’t move in the direction shareholders were hoping. Instead, SBUX plunged last week, falling 9% after cutting expectations for its fiscal third quarter and the full fiscal
Comcast Corporation (NASDAQ:CMCSA) for the assets of Twenty-First Century Fox, Inc. (NASDAQ:FOXA). Comcast stock has been volatile in recent weeks as the story evolves. Outside of the war for Fox, however, there’s plenty of other factors that are influencing Comcast stock. For one, the stock looks really cheap in the event it doesn’t buy Disney. On
Viacom (VIAB) has posted some upward momentum over the last few days, but Viacom stock has still lost 4% year-to-date and 16% over the last 12 months. The media world is in a bit of a frenzy of late, resulting in a mixed bag for stocks. CBS (CBS) has fared just about the same as Viacom