With much of the U.S. economy reopen or on its way to that status, some market participants may be quick to forget the various investment implications of the novel coronavirus.
Shares of athleisure giant Lululemon LULU are falling in Friday afternoon trading, now down 5.6%, after reporting Q1 earnings that missed top and bottom line estimates. Revenue fell 17% year-over-year to $651.96 million, and earnings came to 22 cents per share.
All three major U.S. indexes suffered big losses Thursday after reports of upticks in coronavirus cases, as the U.S. economy slowly reemerges from its pandemic lockdown. The Dow fell nearly 7% for its worse day since March, while the S&P 500 and the Nasdaq slipped 5.9% and 5
U.S. stocks suffered their worst one-day sell-off in three months on June 11 as growing concerns about a second wave of coronavirus cases took hold. The Dow Jones closed down over 1,800 points, or 6.9% while the S&P 500 and Nasdaq fell 5.89% and 5.27%, respectively.
Technology stocks were climbing during Friday trade, with the SPDR Technology Select Sector ETF advancing 1% while the Philadelphia Semiconductor Index was rising 0.8%.
The market is blowing the froth off the top of the market that retail investors had created with highly speculative stock purchases. Thursday’s massive market pullback was absolutely justified.
A smart beta exchange traded fund, the iShares Edge MSCI Multifactor Emerging Markets ETF (EMGF) debuted on 12/08/2015, and offers broad exposure to the Broad Emerging Market ETFs category of the market.
The First Trust Mid Cap Growth AlphaDEX ETF (FNY) was launched on 04/19/2011, and is a passively managed exchange traded fund designed to offer broad exposure to the Mid Cap Growth segment of the US equity market.
A month has gone by since the last earnings report for Jakks Pacific (JAKK). Shares have added about 11.3% in that time frame, outperforming the S&P 500.
A month has gone by since the last earnings report for Oceaneering International (OII). Shares have added about 38.2% in that time frame, outperforming the S&P 500.
A month has gone by since the last earnings report for Cisco Systems (CSCO). Shares have lost about 0.4% in that time frame, underperforming the S&P 500.
Busan, the second-most populous city in South Korea, has launched a blockchain-based service for identity verification, giving everyday citizens a new decentralized way of accessing a variety of public services.