as mentioned in Today's stock marketIndex Percentage Change Point Change Dow 0.16% 39.60 S&P 500 0.35% 10.05Consumer stocks led the market; the Consumer Discretionary Select SPDR ETF (NYSEMKT: XLY) closed up 0.7%. The strong results and positive comments about the momentum of its business had the stock hitting 52-week highs today. Net sales from continuing operations fell 12.8% to $2.2 billion and earnings per share fell 41.3% to $0.27. Looking forward, Newell lowered its sales forecast for the full year from $14.4 bilion-$14.8 billion to $8.7 billion-$9.0 billion, mainly due to divestitures. The forecast for operating cash flow for the year was lowered $250 million to $0.9 billion to $1.2 billion.


collected by :Molly Tony
Why a Trade Truce Could Add Almost $2 Trillion to the Stock Market
__________The United States stock market might be worth nearly $2 trillion more if not for the trade war. Consider that the cost that investors appear to be ascribing to President Trump's efforts to upend decades of trade relationships. But a closer look at the factors that usually drive the stock market suggests that the escalating trade tensions are holding stocks back. Two things happened at the start of the year that worried investors. Then, at the end of February, the Trump administration announced plans to impose tariffs on steel and aluminum, the first clear shot in the trade war.
8 Dirt Cheap Technology Stocks at Huge Discounts to the Stock Market
referring to 24/7 Wall St. has looked at numerous market sectors to outline where investors may find value in an expensive stock market. The reason is simple: investors are enthralled growth, and the market's continued rise just is not the right climate for slower earnings growth (or no growth). Here are eight large-cap and mid-cap technology stocks trading at or under 10 times expected earnings. AT&T is valued at about 11 times last year's earnings, and it is valued at just nine times expected earnings for this year. Its stock performance has suffered, and its 6.3% dividend rarely gets the attention it may deserve for value investors.Stock Market Fights Off Big Tech Stumbles
For months, analysts and investors have been debating whether a stock market whose gains have largely been driven by a handful of technology companies may be subject to a sudden reversal. Yet through much of those shock waves, the broader stock market has remained resilient. As Facebook suffered its biggest slide as a public company, dragging other technology stocks down with it, the S&P 500 slipped just 0.3%. Earnings across the rest of the stock market have been strong, buoyed by corporate tax cuts, consumer spending and an economy growing at its fastest pace in years. Ten of the 11 sectors in the S&P 500 are posting gains over the past three months.Housing Sector is Giving Warning Signs to the Stock Market
The strength of the housing sector is one of the leading indicators for the strength of the economy as a whole, and this summer it's flashing a potential warning signal. Other recession indicators, however, still mostly give a green light for the economy. The average price-to-earnings ratio of stocks is high, the price of bonds relative to the interest they pay is high (resulting in low interest yields), and housing prices remain elevated. However, recent reports show that record high housing prices in Southern California, where some of the nation's highest real estate valuations can be found, is causing sharply reduced home sales. The top right quadrant is a full-on expansion, where the economy is growing and the rate of growth is accelerating.collected by :Molly Tony
Elliott Wave Theory is a method of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies waves identified as impulse waves that set up a pattern and corrective waves that oppose the larger trend.
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