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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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Ulta, Gap, Dell and more

Getty Images| Bloomberg | Getty Images Look at the top companies that made headlines following the bell:  Ulta Beauty — Shares surged more than 6% after hours as the beauty retailer’s quarterly report beat Wall Street estimates on the top and bottom lines. Ulta Beauty reported adjusted earnings for the first quarter of $6.30 per […]

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Nvidia is a buy even with weaker guidance from China lockdowns, Wall Street says

After Nvidia issued less than anticipated guidance, a number of analysts reiterated their buy ratings and lowered price targets for the company. Nvidia’s shares fell in extended trading Wednesday as the company stated on Wednesday it expected sanctions in Russia to result in a $500m hit and that ongoing Covid lockdowns will continue in China. […]

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How Costco became a staple of Asian America

Durian at a Costco Wholesale location in Woodland Hills, California. April 24, 2022. Wendy Leung Wendy Leung hardly ever noticed durian in grocery shops rising up in Los Angeles, however the 45-year-old nonprofit employee discovered the fruit at her native Costco Wholesale in San Fernando Valley this April. Durian is utilized in Southeast Asian cuisines […]

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Nasdaq 100 futures fall after chip giant Nvidia delivers light guidance

Trader at New York Stock Exchange NYSE (New York), the United States. May 18, 2022. Michael Nagle | Xinhua News Agency | Getty Images On Wednesday night, stock futures were mixed as investors digested Nvidia’s disappointing update. This is an economic indicator in the tech industry. The Dow Jones Industrial Average indexed stock futures rose […]

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S&P 500 could hit 3,200 before bottoming in ‘worst case,’ Fairlead’s Stockton says

Fairlead Strategies founder Katie Stockton said Wednesday that the S & P 500 could plunge as low as 3,200 before bottoming in the most calamitous outcome for the market. The worst-case scenario is about 3,200. That’s because the secondary level of below 3,500. This is based upon a crucial Fibonacci level of retracement. … So […]

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These are the cheapest tech stocks today following the severe drawdown in the sector

CNBC Pro began searching for names that were the most affordable in the sector following the devastation in tech stocks in 2015. As rising inflation affects technology companies and Wall Street considers the price of tech stocks, investors are abandoning names in this sector. Tech companies dominate the Nasdaq Composite, and it is trading in […]

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Recession won’t strike stocks despite ugly market

Retail investors are looking for exits when stock prices fluctuate sharply, but Julian Emanuel from Evercore ISI wants to make money. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The way to higher” [stock]Prices really are a […]