Tuesday’s Daily was all about the metals. On Wednesday, gold, miners, and silver all rallied. Is the bottom in on this last correction? Perhaps. Two interesting areas to watch now are the one-year PCE rate-adjusted. And the retail sector is now on critical lows. In other words, we can see stagflation maturing before our very...
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images Salesforce reported an earnings and revenue beat and lifted its full-year earnings guidance, but the stock dropped in extended trading as capital costs were higher than analysts expected. Here’s how...
A glance at the Emcor Group Inc. (NYSE: EME) chart shows strong buying support as the stock bounces off its 50-day moving average. Emcor stock rallied to a new high of $174.05 on April 28, following a better-than-expected first-quarter report. With the current rebound off the 50-day line, Emcor stock is currently in a buy...
ARCO gas station in Kokomo, Indiana. ARCO gas is typically cheaper than gas at other gas stations. How can they offer lower prices than their competitors? Is ARCO gas bad for your car since it’s a lower price? Let’s take a look at why ARCO gas is cheaper than other brands. Moreover, let’s compare...
Chinese e-commerce giant PDD Holdings (NASDAQ: PDD), which just reported strong earnings results, is looking to disrupt the US fast-fashion market with its new app targeted at the international market, Temu. PDD is no stranger to rapid growth. The upstart firm started from zero in just 2015 to become the second-largest e-commerce platform in China...
© Reuters. FILE PHOTO: Men walk past an electric board displaying Nikkei and other countries’ indexes outside a brokerage in Tokyo, Japan January 16, 2023. REUTERS/Kim Kyung-Hoon By Chibuike Oguh NEW YORK (Reuters) -Global equities and U.S. Treasury yields were lower on Wednesday as bearish sentiment dominated markets, with investors focused on a much-anticipated vote...
Convenience and drug stores have long played an important role in consumers’ day-to-day lives, offering medicines, hygiene items, DVDs, and snacks. They typically perform well in high-traffic areas and can be found at most street corners of major cities across the United States and internationally. With the rise of delivery apps and services like Uber Eats...
U.S. travelers are still hungry to travel, despite the potential of an economic slowdown. The number of U.S. passengers flying to international destinations in April increased 28% compared with the same month last year, according to the International Trade Administration. “Demand is strong this summer for international trips as it is the first full summer...
Customer vehicles sit parked outside an Advance Auto Parts automotive supply store in La Grange, Kentucky. Luke Sharrett | Bloomberg | Getty Images Shares of Advance Auto Parts plummeted roughly 30% during early trading Wednesday after the company’s first-quarter earnings significantly missed Wall Street’s expectations and executives slashed the retailer’s yearly guidance and quarterly dividend....
In this episode of StockCharts TV’s Sector Spotlight, wrapping up the month of May, I dive into the seasonal characteristics of the markets. I start with a quick look back at seasonal rotation during the current month, then assess the seasonal expectation for the S&P 500 in the coming month of June and the alignment with...