Dow Jones Today: Stock Futures Tick Lower After Two Straight Weeks of Gains for Major Indexes
Stocks moved slight lower in early trading Monday as investors prepared for a slew of retail sector earnings reports in the coming days and a major speech from Federal Reserve Chair Jerome Powell at the end of the week.
The Dow Jones Industrial Average (DJI), S&P 500 (SPX) and Nasdaq Composite (IXIC) were each down 0.1% in recent trading.
Read MoreNASDAQ Index, S&P 500 and Dow Jones Forecasts – US Indices Look Sluggish in Premarket
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Read MoreIs Costco Stock an Obvious Buy Right Now?
Key Points
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Costco’s massive scale gives it leverage over its vendors to obtain favorable pricing.
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The warehouse club operator’s membership model drives customer loyalty.
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Read MoreStock Market Live August 18: S&P 500 (VOO) Rally Pauses After Inconclusive Russia Talks
Investing
- An Alaska meeting between President Trump and President Putin Friday ended without major announcements,
1 Reason Wall Street Is Obsessed With Lucid Group Stock
Lucid Group’s business model is transforming before our very eyes.
Lucid Group (LCID -3.11%) stock soared 40% in value when the company announced its robotaxi partnership with Uber Technologies last month. The deal is transformative, with Uber agreeing to purchase 20,000 vehicles from Lucid as well as infuse $300 million in fresh cash into the business.
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Read MoreThe Burst
$2 Billion Fund Bets It All On 5 Stocks
You probably haven’t heard of Himalaya Capital Management. It’s a Seattle, Washington-based firm that has approximately $2 billion in assets under management. Now put yourself in the shoes of the investment team for a moment: how would you invest that chunk of change?
Most investors would spread the money around a bit but the Himalaya team has chosen to embrace the philosophy that if you have conviction in your investment themes,
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Read MoreThe Ivy
2 Champion Traders Bought This Stock
To be the best sometimes you simply have to follow the best and see what they are doing. That old adage applies to trading Nvidia recently when, on the same day, both Oliver Kell, who posted a 941.1% gain to win the US trading championship a few years ago, and Mark Minervini bought it.
Mark has famously become one of the most successful traders of all time,
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