collected by :Haron Adler
as declared in Analysts expect earnings from S&P 500 companies to grow 20% in the second quarter from the year-earlier period, according to FactSet. "Earnings season should refocus investors' minds on stuff that's important," said John Thomas, chief investment officer of money-management firm Global Wealth Management. Strong sales momentum has analysts forecasting double-digit earnings growth for firms in the semiconductor, internet software & services, technology hardware, storage & peripherals and IT services industries. Shares of consumer-staples companies in the S&P 500 are down 9.1% for the year, placing them among the worst-performing sectors in the broad index. That was the fifth consecutive quarter when S&P 500 companies that reported earnings beats saw average prices moves below the five-year average, FactSet added.
as declared in Analysts expect earnings from S&P 500 companies to grow 20% in the second quarter from the year-earlier period, according to FactSet. "Earnings season should refocus investors' minds on stuff that's important," said John Thomas, chief investment officer of money-management firm Global Wealth Management. Strong sales momentum has analysts forecasting double-digit earnings growth for firms in the semiconductor, internet software & services, technology hardware, storage & peripherals and IT services industries. Shares of consumer-staples companies in the S&P 500 are down 9.1% for the year, placing them among the worst-performing sectors in the broad index. That was the fifth consecutive quarter when S&P 500 companies that reported earnings beats saw average prices moves below the five-year average, FactSet added.
Marlboro Friday: The Stock Market Shock That Nearly Tanked an Iconic Brand
PrintCite Article Details: Marlboro Friday: The Stock Market Shock That Nearly Tanked an Iconic Brand Author Erin Blakemore Website Name history.com Year Published 2018 Title Marlboro Friday: The Stock Market Shock That Nearly Tanked an Iconic Brand URL https://www.history.com/news/marlboro-friday-stock-market-brand Access Date July 28, 2018 Publisher A+E NetworksIn the early 1990s, you could still find cigarettes in restaurants, vending machines and the mouths of all kinds of consumers. So how did Marlboro end up on the receiving end of the most punishing stock market tumble of its time? A Phillip Morris ad using the famous Marlboro Man cowboy character on a downtown Atlanta billboard. The stock price fell 23 percent, the largest one-day price drop of any brand in history at the time. The dustup—quickly dubbed "Marlboro Friday"—wasn't just frightening from a stock market perspective.Unlimited Horror in the Stock Market
as declared in MoviePass lets customers see unlimited films in theaters for less than $10 a month. If horror is your preferred genre, though, simply buy and hold the parent company's stock for seemingly unlimited chills. Shares of Helios and Matheson Analytics, which owns the majority of MoviePass, dove 49% on Friday morning. What would be a cataclysmic fall for most stocks is, in this case, as predictable as what happens when the clueless teenager goes into the dark basement or whether Jason will return to hack again. The stock is down nearly 90% just this week.Facebook Just Had The Biggest Stock Market Wipeout In American History
It's official. It's official. Facebook Inc. just had the biggest stock-market wipeout in American history. Shares tumbled 19 percent on Thursday to close at $176.26 after sales and user growth disappointed investors. The drop translates to a $119.4 billion decline in market capitalization, the largest-ever loss of value in one day for a U.S. traded company.
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