U.S. stocks and bonds have 'healthy' returns this year
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Bets against communication services stocks rose in June compared to the end of May, with Omnicom Group (OMC) being the most shorted stock in the sector and Google-parent Alphabet (GOOG) taking the spot for the least shorted.
Bank stocks fell Tuesday morning, despite strong earning results from some of the nation's largest banks. Shares of JPMorgan Chase and Wells Fargo were down 0.73% and 4.77%, respectively. Bank of New York Mellon's stock fell 1.
The underperformance of small caps and discretionary stocks is not a reason for investors to reduce exposure in U.S. equities, says SentimenTrader.
Cathie Wood is one of the most bullish voices on Wall Street when it comes to technologies like artificial intelligence. A report issued by Wood's firm, Ark Investment Management, suggests AI could create a $13 trillion opportunity in the software industry by 2030.
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Coca-Cola has raised dividends for the last 63 years. Home Depot shareholders can enjoy dividend payouts while waiting for a cyclical upturn. Coca-Cola (NYSE: KO) and Home Depot (NYSE: HD) have a history of not just maintaining payments but raising them annually.
The Dow, S&P 500 and Nasdaq retreat from record highs as President Trump rolled out a fresh tariff against Canada, following Brazil hit. Meanwhile, the Federal Reserve and Chairman Powell are under fire for spending on renovations.
Fastenal (FAST) kicked off Q2 earnings this morning with a solid beat: $2.08B in revenue, $0.29 EPS. It’s a small name, but it opens the floodgates for a week that includes JPMorgan, Wells Fargo, Citigroup, and tech giant Netflix.
The pandemic ushered in a dangerous new era for the restaurant industry, and not all players are positioned to prosper, according to a Monday report from Melius Research.
With Amazon and Walmart looking to launch their own stablecoins, it seems likely these digital currencies are here to stay.