It’s a new week, but that doesn’t necessarily mean the excitement is over.
Last week was historic, with the surprise election of Donald Trump and the quick reversal in stocks from limit down in overnight trading Tuesday to explosive rallies in stocks and Treasury yields Wednesday and Thursday. We’re probably not going to see such huge swings in the coming week, but intraday volatility could remain a factor, particularly as word starts to filter out from Washington around potential cabinet picks. Who’s going to run the Treasury? How about trade relations? Be ready for possible market reactions as these names get announced in the near future.
In addition to continued buzz around the election, a number of economic reports might keep investors on their toes, including retail sales on Tuesday, the producer price index (PPI) on Wednesday, the consumer price index (CPI) on Thursday, and leading indicators on Friday. Leading indicators, in particular, could give a better sense of how the economy might look going forward.
With economic growth projections rising and a December Fed rate hike increasingly baked in by the futures market, yields on Treasury bonds continued their strength Friday even as stocks took a breather early in the day. Yields on the benchmark 10-year Treasury note traded at around 2.14% as of midday Friday, the highest since January, and up an astonishing 40 basis points or more from earlier in the week. When the election results became clear, some economists began raising their growth projections (see below), implying that rates could go higher and that perhaps the economy might be strong enough to handle higher rates. And chances of a Fed rate hike reached 85% by Friday, according to CME Group futures.
Hot Growth Stocks To Invest In Right Now: Nordstrom Inc.(JWN)
- [By Benzinga News Desk]
Dan Loeb is looking to play in the emerging financial technology space. The hedge fund manager behind Third Point is looking to raise $400 million for Far Point Acquisition Corp., a so-called “blank check” acquisition company, he revealed in a regulatory filing: Link
The flash Composite Purchasing Managers' Index for May will be released at 9:45 a.m. ET.
New home sales report for April is schedule for release at 10:00 a.m. ET.
The Energy Information Administration’s weekly report on petroleum inventories in the U.S. will be released at 10:30 a.m. ET.
The Treasury is set to auction 5-year notes at 1:00 p.m. ET.
The Federal Open Market Committee will issue minutes of its meeting at 2:00 p.m. ET.
Minneapolis Federal Reserve President Neel Kashkari is set to speak at 2:15 p.m. ET.
Deutsche Bank upgrades Nordstrom (NYSE: JWN) to Buy from Hold; Raises Price Target to $55 from $52
Bernstein upgrades Celgene (NASDAQ: CELG) to Outperform
Longbow Research downgrades Shake Shack (NYSE: SHAK) to Neutral
Stifel downgrades Red Robin Gourmet Burgers (NASDAQ: RRGB) to Hold, Lowers Price Target to $55
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
- [By ]
Nordstrom, Inc. (JWN) has no intention of becoming an Amazon.com Inc. (AMZN) . That is part of its strength, but it’s also refreshing to hear.
“We’re not Amazon,” Erik Nordstrom, a co-president of the Seattle-based retailer, told TheStreet at the opening of its first stand-alone men’s store that opened on Thursday, April 12, in New York City.
- [By Mac Greer]
They have a lot of things in the works. They’rekind of throwing some things at the wall and seeing what will stick. They have their Macy’s Backstage concept, which is their discount concept. Everyretailer has to have one nowadays, like a Nordstrom (NYSE:JWN)Rack, for example. Theyactually bought a concept store in New York City calledStory,which is a store that revamps its inventory every four to eight weeks to try to keep it fresh. That would be some Inventory management job. Their buyers have their work cut out for them. But, interesting. They’re trying a lot of different things.
- [By Chris Lange]
Look for Nordstrom Inc. (NYSE: JWN) to reveal its fiscal fourth-quarter results on Thursday as well. The consensus analyst estimates are $1.25 in EPS and revenue of $4.62 billion. Shares of Nordstrom closed at $53.56 on Friday, above the consensus price target of $49.94. The 52-week range is $37.79 to $54.00.
Hot Growth Stocks To Invest In Right Now: Buffalo Wild Wings Inc.(BWLD)
- [By Peter Graham]
A long term performance chart shows Dave & Busters Entertainmenttripling in valuebefore falling back whilesmall cap upscale gentlemen’s clubs and restaurant ownerRCI Hospitality Holdings, Inc (NASDAQ: RICK) began taking off in 2016 and small capBuffalo Wild Wings (NASDAQ: BWLD) is being acquired by Arbys Restaurant Group:
- [By Steve Symington]
That’s not to say it was a quiet day for every stock on the market. With earnings season ramping up, brewing giant Anheuser-Busch InBev (NYSE:BUD) and restaurant chain Buffalo Wild Wings (NASDAQ:BWLD) served as an exercise in contrast as investors reacted to their respective quarterly reports.
Hot Growth Stocks To Invest In Right Now: Intuitive Surgical Inc.(ISRG)
- [By Jason Hall, Sean Williams, and Jordan Wathen]
We asked three investors who regularly contribute to The Motley Fool to help us identify some of the “wonderful” companies, and they made strong cases forMastercard Inc.(NYSE:MA), Intuitive Surgical, Inc.(NASDAQ:ISRG), and Pattern Energy Group Inc. (NASDAQ:PEGI). These are three very different companies, but they share some important traits that make them worth your consideration as “ultra-long-term” investments: Big long-term trends driving their business prospects for many years of growth, and excellent management with strong track records of success.
- [By Garrett Baldwin]
Earnings season is well underway. And if you’re looking to make real money, the time to get started is now. Money MorningQuantitative Specialist Chris Johnson argues the markets are at a tipping point. And with just a few smart plays in today’s classic stock picker’s market… you can pull in triple-digit gains with just a small investment. Read those picks right here.
The Top Stock Market Stories for Thursday
This morning, the U.S. Department of Labor said that weekly jobless claims came in at 207,000 for the week. That figure is below the 220,000 jobless claims expected by economists and brings U.S. unemployment claims to a 48.5-year low. It’s a big day of earnings reports, as dozens of blue chip companies will report results from the June-ending quarter. The biggest name today will be Microsoft Corp.(Nasdaq: MSFT), which reports earnings after the bell. Wall Street expects that the technology giant will report earnings of $1.07 per share. Analysts project quarterly revenue of $29.17 billion.
Three Stocks to Watch Today: PM, IBM, AA
International Business Machines (NYSE: IBM) stock added 2.5% in pre-market hours after Big Blue topped Wall Street earnings and revenue expectations. The tech giant continues to post positive results as it accelerates its turnaround efforts. IBM reported earnings per share of $3.08, a figure that beat estimates by $0.04 per share. It also reported quarterly revenue of $20.0 billion, a figure that surpassed estimates of $19.85 billion. Shares of Alcoa Corp. (NYSE: AA) fell 2% this morning. The aluminum manufacturer slashed its 2018 outlook due to falling prices and the recent round of metals tariffs introduced by the Trump administration. But there could be more pain in sight. Today, the U.S. Justice Department will hold a hearing that aims to determine whether vehicle and light truck imports present a national security threat to the United States. The hearing is due to President Trump’s pledge to hit European auto man
- [By Motley Fool Staff]
Right now, it’s time for that yearly review of the ones he picked to honor the month, and also the briefly famous pregnant giraffe: five companies, and the first letters of their tickers spelled out A-P-R-I-L. They were Axon Enterprise(NASDAQ:AAXN), Grupo Aeroportuario del Pacific(NYSE:PAC), ResMed(NYSE:RMD), Intuitive Surgical (NASDAQ:ISRG), and Live Nation(NYSE:LYV).
- [By Brian Stoffel]
Investors inIntuitive Surgical(NASDAQ:ISRG) know the script by now. The company forecasts solid — but not heady — procedure growth. When the end of the quarter comes, not only does it exceed expectations, but it also sells significantly more daVinci systems than it did the year before.
- [By Stephan Byrd]
MSA Safety (NYSE: MSA) and Intuitive Surgical (NASDAQ:ISRG) are both industrial products companies, but which is the superior investment? We will contrast the two companies based on the strength of their valuation, earnings, analyst recommendations, dividends, risk, profitability and institutional ownership.
Hot Growth Stocks To Invest In Right Now: MEDIFAST INC(MED)
- [By Logan Wallace]
MediBloc [QRC20] (MED) is a proof-of-work (PoW) token that uses the HybridScryptHash256 hashing algorithm. It was first traded on January 3rd, 2014. MediBloc [QRC20]’s total supply is 4,097,545,844 tokens and its circulating supply is 2,966,384,100 tokens. MediBloc [QRC20]’s official website is medibloc.org/en. MediBloc [QRC20]’s official Twitter account is @MEDDevTeam. The official message board for MediBloc [QRC20] is medium.com/@MediBloc. The Reddit community for MediBloc [QRC20] is /r/MediBloc and the currency’s Github account can be viewed here.
- [By Ethan Ryder]
MediBloc (CURRENCY:MED) traded 3.9% lower against the U.S. dollar during the 1-day period ending at 20:00 PM E.T. on June 13th. One MediBloc token can now be purchased for $0.0083 or 0.00000131 BTC on major cryptocurrency exchanges including Coinrail, Gate.io and Bibox. During the last seven days, MediBloc has traded 36.5% lower against the U.S. dollar. MediBloc has a total market cap of $24.58 million and $216,935.00 worth of MediBloc was traded on exchanges in the last day.
- [By Lisa Levin]
Medifast, Inc. (NYSE: MED) shares were also up, gaining 20 percent to $119 after the company reported strong Q1 results and raised its FY18 guidance.
- [By Max Byerly]
McCormick & Company, Incorporated (NYSE: MKC) and Medifast (NYSE:MED) are both consumer staples companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, valuation, profitability, analyst recommendations, institutional ownership, risk and dividends.