|Day's range||7,428.30 - 7,582.89|
|52-week range||6,517.93 - 8,133.30|
Stocks closed mixed on Friday with the S&P closing lower for the 10th time in the past 12 trading sessions.
At the end of a tumultuous week, few investors took note that Friday was the 31st anniversary of Black Monday—Oct, 19, 1987. The Dow popped up 548 points on Tuesday, but that amounted to less than a tenth of the percentage change of Black Monday. Black Monday’s significance, more than being the single worst day for stocks in U.S. history, is that it established what became known as “the Greenspan put.” To counter the feared economic impact of a stock-market meltdown, the Fed under then-Chairman Alan Greenspan cut interest rates, stoking a huge bond rally, which led to a recovery in equities.
The Dow Jones Industrial Average gained 104.35 points, or 0.4%, to 25444.34 last week, while the S&P 500 squeaked out a 0.65 point rise to 2767.78, and even the Nasdaq Composite finished off just 0.6%, to 7449.03.
China's economic growth has sunk to a post-global crisis low as officials launch a media blitz to reassure investors about its sagging stock market. Retail spending, factory output and investment all weakened. The National Association of Realtors says sales declined 3.4 percent last month, the biggest drop in 2 ½ years, to a seasonally adjusted annual rate of 5.15 million.
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit ...
U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued sell former favorites like retailers. Household goods makers rose again as a week of choppy trading ...
Activision Blizzard’s (ATVI) revenue rose at a four-year CAGR (compound annual growth rate) of 13% to $7.2 billion in 2017. Its net income rose at a four-year CAGR of 15% to $1.7 billion. Its Retail Channel and Other segments generated the rest of its revenue.
The market is posting a slight comeback from yesterday’s sell-off with the S&P 500 Index (SPY) up about 0.5% and the Nasdaq Composite Index (QQQ) up just over 1% in early trading. While the weakness in eBay’s stock makes sense, it now trades more than 37% below its 52-week high and trades at very attractive valuations, so I think the reward far outweighs the risk at this point and I would consider buying the stock today.
Electronic Arts’ (EA) revenue rose at a four-year CAGR (compound annual growth rate) of 7% to $5.2 billion in fiscal 2018, which ended on March 31, 2018. Higher digital net bookings, a FIFA World Cup content update, the launches of FIFA Mobile in China and FIFA 4 in Asia, more participants in FIFA competitive gaming, and the growth in The Sims 4‘s player base were the company’s primary revenue drivers. The company remained optimistic about its Origin Access Premier subscription service and its tournaments for FIFA and Madden NFL.
CA’s (CA) revenue fell at a four-year CAGR (compound annual growth rate) of 2% to $4.2 billion in fiscal 2018, which ended on March 31, 2018. Its net income fell at a four-year CAGR of 6% to $1.1 billion. The company’s Mainframe Solutions and Enterprise Solutions segments generated 47% and 46% of the company’s revenue, respectively.
BEIJING (AP) — Global stocks were mixed Friday after data showed Chinese economic growth slowed more than expected but officials moved to shore up the country's markets.
STOCKSTOWATCHTODAY BLOG 6:35 a.m. After getting clobbered on Thursday, stocks are trying to make a comeback. It’s a tepid one at best. S&P 500 futures have advanced 0.2%, while the Dow Jones Industrial Average” futures have risen 62 points, or 0.
After a turbulent morning, Greater China markets rebounded strongly, following a series of measures by China's securities regulator to support the struggling stock market. China's GDP numbers showed its economic growth slowed to 6.5 percent year-over-year in the third quarter of 2018. Stocks in Asia were mixed on Friday after China's GDP growth for the third quarter of 2018 came in below expectations.
There still may be more selling ahead for the stock market, says top technician Ralph Acampora. There still may be more "dramatic" selling ahead for the stock market, top technician Ralph Acampora told CNBC on Thursday.
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global trade tensions and rising interest rates. S&P 500 technology and consumer discretionary stocks fell more than 2 percent, as did the tech-heavy Nasdaq. Wall Street's major indexes pared early losses in morning trading but reversed course to fall further as European markets closed.
U.S. stocks slumped again Thursday as investors continued to sell shares of technology and internet companies, industrials, and companies that rely on consumer spending. Several industrial companies tumbled ...
Citrix Systems’ (CTXS) revenue fell at a four-year CAGR (compound annual growth rate) of 1% to $2.8 billion in 2017. Revenue projections for Citrix’s 2018, 2019, and 2020 are $2.9 billion, $3.1 billion, and $3.2 billion, respectively. At the end of last week, Citrix stock had beaten the NASDAQ Composite Index in the last five days, in the last three months, in the last year, and YTD (year-to-date).
BEIJING (AP) — Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
Microsoft’s (MSFT) revenue rose at a four-year CAGR (compound annual growth rate) of 6% to $110.4 billion in fiscal 2018, which ended on June 30, 2018. Its net income rose at a four-year CAGR of 8% to $30.3 billion. Microsoft’s revenue forecasts for fiscal 2019, fiscal 2020, and fiscal 2021 are $122.9 billion, $135.9 billion, and $151.2 billion, respectively.