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Snap just had an insanely bullish day, thanks to a better advertising platform and augmented reality. Executives told investors revenue will grow more than 50 percent annually for "multiple" years, according to reports on Reuters, Bloomberg and CNBC. That's more than...
Walmart cratered this week as investors unloaded stay-at-home stocks and shifted toward commodities. Walmart (WMT) might have generated more revenue than expected, and enjoyed better traffic. However it came at a cost to profits, which missed estimates because of...
Yesterday was a huge day for the U.S. economy, showing potentially significant signs of recovery from the coronavirus pandemic. Retail sales and producer prices were 4 times higher than expected. Industrial production was almost twice the forecast. Homebuilder...
The "fear index" just broke 20 for the first time in almost a year. It was one of several milestones suggesting the market sees further recovery from last year's coronavirus pandemic. Cboe's volatility index fell 0.9 point this week to 19.97. It was the lower close on...
Major technology stocks delivered strong results again. This week, Alphabet, PayPal and eBay stood out the most. Alphabet (GOOGL) made the biggest splash, spiking more than 12 percent to new record highs. The search giant benefited from a stay-at-home boom in online...
Earlier this week, Market Insights highlighted the improving story for the U.S. economy. The trend continued today as initial jobless claims fell more than expected to their lowest level since the end of November. That triggered an interesting milestone: The 30-year...
The economic picture continues to improve as coronavirus comes under control, housing booms and energy rallies. The Congressional Budget Office estimated real gross domestic product (GDP) will return to pre-pandemic levels by the middle of this year. That's much more...
Apple led a busy week of earnings by crushing estimates as users clambered for new iPhones. Most other companies also had strong results -- especially chip makers and industrials. The tech giant generated $65.6 billion of revenue from iPhones last quarter, up 21...
As the economy staggers back from coronavirus, a split is appearing in the world of transportation. Railroads are thriving and air travel is struggling. Consider these two points from yesterday: The Association of American Railroads reported that train traffic...