S&P 500 on Track for Its Worst Week Since September
The S&P 500 is on track for its worst week since early September as Wall Street continued to digest the market’s post-election run.
The market benchmark is down 1.5% this week, which would be its worst weekly performance since Sept. 6, according to Dow Jones Market Data. The Nasdaq Composite is down 2.3%,
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Read MoreS&P 500 and Nasdaq Composite: Weekly Losses Loom Amid Fed Caution
Chip-equipment maker Applied Materials weighed on the technology sector, plunging over 9% after issuing weak revenue guidance for the current quarter despite exceeding earnings expectations. Tesla, another focal point in recent trading, declined 3% this week following a dramatic 29% rally last week driven by President-elect Donald Trump’s vocal support for CEO Elon Musk.
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Read MoreEnergy stocks boost S&P/TSX composite Thursday, U.S. stock markets down
TORONTO — Canada’s main stock index continued to rise Thursday, boosted by gains in energy stocks, while U.S. stock markets moved lower with the post-election rally appearing to be in the rearview mirror.
The S&P/TSX composite index closed up 60.65 points at 25,049.67.
In New York, the Dow Jones industrial average was down 207.33 points at 43,750.86.
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Read MoreThe Smartest Dividend-Paying Oil Stocks to Buy With $500 Right Now
Oil and natural gas are highly volatile commodities. That’s probably the first lesson that investors in energy stocks learn from owning shares in companies like Chevron (NYSE: CVX) and Devon Energy (NYSE: DVN).
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Read MoreDevon Energy (DVN) Gets a Hold from Barclays
In a report released today, Betty Jiang from Barclays maintained a Hold rating on Devon Energy (DVN – Research Report), with a price target of $46.00. The company’s shares closed yesterday at $37.91.
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Jiang covers the Energy sector,
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Read MoreThe Burst
Got $7,000? 2 Stocks Popping This Year
Amid a shaky market in 2022, Veru (VERU) and Chevron (CVX) are two stocks that have popped, but is it too late to add them to your portfolio?
Veru
Veru is one of the few hot stocks this year that has beaten the market by quite a margin.
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Read MoreThe Ivy
Alert: Pfizer Is The Best of the Bunch with 32.5% Upside
Investment Alert: Buy PFE Under $40/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
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