Dow futures rise amid jobless claims claims; Wal-Mart jumps on earnings

Dow futures rise amid jobless claims claims;  Wal-Mart jumps on earnings

Dow futures extended early gains Thursday after morning economic data, including weekly jobless claims from the Labor Department. Meanwhile, Wal-Mart jumped on strong earnings results. X Unemployment claims fell for the first time to 239,000 vs. 248,000 in the previous week. It was expected to drop to 240,000. Elsewhere, the Philadelphia Fed Manufacturing Index came … Read more

Vontier Corporation (VNT) Stock Forecast

Vontier Corporation (VNT) Stock Forecast

summary Vontier Corp. which was previously part of Fortive Corp. is a global industrial technology company focused on transportation and mobility solutions. Through its portfolio of brands, VNT has expertise in mobility technologies, retail commercial fueling, telematics, fleet management, vehicle diagnostics and repair, and smart city end markets. Headquartered in Raleigh, North Carolina, Vontier has … Read more

Wal-Mart’s earnings smashed expectations after Target’s weakest quarter

Wal-Mart's earnings smashed expectations after Target's weakest quarter

Wal-Mart (WMT) is winning over American shoppers as inflation continues to take its toll. in the giant retail business Release of second quarter earnings, before the market opened Thursday, Wal-Mart reported same-store sales rose 6.30%. Meanwhile, rival Target (TGT), which reported second-quarter results Wednesday, saw sales drop 5.4% and shared a dismal outlook for the … Read more

Citi says Apple shares are a buy-in before the iPhone 15 is released. Let history be a guide.

Citi says Apple shares are a buy-in before the iPhone 15 is released. Let history be a guide.

font size The new iPhone 15 series is expected to be launched in September. AFP via Getty Images apple Stocks usually do well before a new iPhone is released and this year will be no different, according to a bull. Atif Malik, an analyst at Citi, maintained a Buy rating on the stock in a … Read more

Bitcoin drops below $29,000 on interest rate concerns. How far can you fall?

Bitcoin drops below $29,000 on interest rate concerns.  How far can you fall?

font size Bitcoin, after weeks of inaction, is finally moving. Router Vicer / Dreamtime bitcoin Cryptocurrencies and other cryptocurrencies were falling on Thursday, finally making significant moves after weeks of inaction as traders sold the digital asset on expectations that interest rates will remain higher for longer than previously thought. Bitcoin price fell by 2% … Read more

Cisco, Wolfspeed, Ball, Hawaiian Electric, Walmart, and more stock market movers

Cisco, Wolfspeed, Ball, Hawaiian Electric, Walmart, and more stock market movers

font size Networking giant Cisco Systems reported fourth-quarter earnings and sales that beat analyst estimates. Gabriel Boyes/AFP via Getty Images Stock futures traded with slight gains on Thursday after Wall Street closed lower following the release of minutes from the Federal Reserve’s July meeting which indicated that officials think they may have to continue raising … Read more

Adyen is down 23% with record-low sales growth disappointing

Adyen is down 23% with record-low sales growth disappointing

(Bloomberg) — Shares of Adyen NV fell after increased competition in North America contributed to the slowest revenue growth since its initial public offering. Most Read from Bloomberg Shares fell the most on record, dropping 23% to €1,140.80 at 10:29 am in Amsterdam. The Amsterdam-based financial technology company said Thursday that revenue growth in the … Read more

PayPal stock can’t catch up. A large investor cuts his stake.

PayPal stock can't catch up.  A large investor cuts his stake.

font size The problem with PayPal is that consumers are returning to pandemic spending patterns with fewer online orders. Courtesy PayPal The applause for PayPaa’s new boss didn’t last long. The payment giant’s stock got a small bump when it announced this gut instinct CEO Alex Kress will take over as CEO next month. PayPal … Read more

Insiders are betting on these two high-yielding stocks — here’s why you’ll want to follow in their footsteps

Insiders are betting on these two high-yielding stocks — here's why you'll want to follow in their footsteps

Trying to navigate the ups and downs of the stock market and predict the future direction can seem like a complex and daunting task. However, as with almost anything, simplicity is often key. One of the most straightforward strategies is to pay attention to it Insiders movements. After all, these corporate officers are privy to … Read more