Stock Market Early Gains Fade, But Gaming Stocks Thrive

collected by :Molly Tony

Tencent Earnings Report Coming During Period Of Intense Investments4:45 PM ET Tencent Holdings reports first-quarter earnings Wednesday with expectations of double-digit growth during a period of intense competition with Alibaba. 4:45 PM ET Tencent Holdings reports first-quarter earnings Wednesday with expectations of double-digit...

What Happened in the Stock Market Today

As for individual stocks, Xerox (NYSE:XRX) is canceling its merger with Fujifilm, and Sears Holdings Corporation (NASDAQ:SHLD) is moving toward selling its Kenmore brand. Icahn and Deason opposed the deal, and won a court decision last month to block it. With the Fujifilm deal off the table and the activists holding five of nine board seats, investors are waiting to see what new direction emerges for the company. The potential buyer is ESL Investments, a private hedge fund founded and managed by Sears Holdings CEO Edward Lampert. The big picture for Sears is still pretty dismal, but the market seems to like the most recent arrangement of deck chairs on this ship.

Why I Think The Stock Market Cannot Crash In 2018

As it stated in Other companies with big share buyback programs have also fared well: Microsoft shares are up 14% year to date. Share buybacks also prop up prices because they create buying pressure by the company itself when it finally does buy the shares. In addition, share buybacks change the math of earnings per share by reducing the number of shares outstanding. In 2018 too, companies will pile into the market at every dip and buy as high as possible. Overall, the S&P 500 may zig-zag lower in 2018, and even share buybacks may not be able to stop it, but it's unlikely the overall market can crash this year, no matter what happens.