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The S&P 500 launches its fifth 5% rally since the Jan. 3 peak. Could this one stick?

Here is Mike Santoli’s daily note, CNBC senior markets commentator. This notebook contains thoughts about market trends, stocks, and statistics. The fifth S & P 500 rally of more than 5% since the Jan. 3 market peak is underway. More than 8% is a difference from the intraday bottom for this decline set last week. […]

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Ulta Beauty, Big Lots, Autodesk, Workday and more

Ulta Beauty Store Scott Mlyn | CNBC See which companies are making the headlines Friday morning trading. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty shared an even better outlook for the entire year. American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly […]

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JPMorgan sees upside for bitcoin after recent washout

According to Nikolaos Panigirtzoglou, JPMorgan strategist, Bitcoin investors were swept up by the market chaos this year. However, those who are still sticking with the currency should anticipate at least 30% upside from the crypto. The fair value of bitcoin is $38,000, which is about 32% upside from its current trading price. Friday, at 12:02 […]

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Record high Memorial Day gas prices are stinging consumers and impacting travel

Gas stations are identified when the gasoline price reaches an all-time high of $4.37/gallon, or 3.8 liters in Virginia (USA) on May 10, 2022. According to some estimates, gasoline prices can vary from one region to the next. Yasin Ozturk | Anadolu Agency | Getty Images Memorial Day is the beginning of summer driving season. […]

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Tech workers’ company shares slid in 2022 – and so has their wealth. Three steps they can take

Technology workers who are paid equity have seen their wealth decline alongside that of their employers. However, the good news is not as dire as it appears. The Nasdaq Composite has fallen 23% over the past year, and it is well rooted in a bearish market. Tech companies are particularly affected by higher interest rates, […]

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Big Lots, Hibbett, Pinduoduo and others

Take a look at the top companies that made headlines long before the bell rang. Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. Also, the company reported an unexpectedly large slump in comparable store sales. The firm issued cautious guidance […]

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Stock futures dip slightly with S&P 500 on track for winning week

Traders at the NYSE floor, May 17, 2022. Source: NYSE Stock futures dipped in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. The Dow Jones Industrial Average futures lost 60 points or 0.2%. S&P 500 futures eased 0.2% and Nasdaq 100 futures ticked down 0.1%. After the close of Thursday’s […]

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Twitter, Macy’s, Nvidia, Lululemon and more

Lululemon’s sign is displayed at Woodbury Commons Premium Outlets, Central Valley, New York on November 17, 2019, Corbis News – Getty Images| Corbis News | Getty Images These are the headline-grabbing companies that made news in trading on Thursday afternoon. Macy’s — Shares jumped 17.8% after the department store chain reported better-than-expected quarterly resultsThe company […]

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Goldman says it’s time to be a stock picker with energy stocks. Here are the firm’s favorites

Goldman Sachs is pleased to report that Energy stocks have outperformed in this week, month, and year. However, it believes there are still opportunities for value, but investors must be careful. “We remain bullish the Energy and Oil & Gas equities complex despite YTD outperformance…That said, we see strong dispersion,” the firm said Thursday in […]