U.S. stocks opened firmly higher on Thursday, extending a late-session rally from the prior session, as investors dialed back on fears that a trade spat between the U.S. and China will materialize.
The major equity indexes staged a big turnaround Wednesday after opening sharply lower, as traders struggled to interpret the possible impact of the trade standoff on U.S. corporate earnings and growth.
What are main benchmarks doing?Dow Jones Industrial Average DJIA, +0.69% rise rose about 150 points, or 0.6%, to 24,410. Blue chips are attempting to mark their first three-session win streak since the three-day period ended Feb. 26, according to FactSet data. The S&P 500 index SPX, +0.46% �was up 12 points, or 0.4%, to 2,656, led by a 1.2% gain in energy and a 0.8% climb in technology stocks.
Top 5 Blue Chip Stocks To Invest In Right Now: PriceSmart, Inc.(PSMT)
Advisors' Opinion:- [By Ethan Ryder]
PriceSmart’s (NASDAQ:PSMT) same-store sales climbed 3.1% in the month of May. PriceSmart’s shares dropped by 0.1% in the first full-day of trading following the news.
- [By Demitrios Kalogeropoulos]
Investors have some big questions heading into PriceSmart's (NASDAQ:PSMT) upcoming quarterly report. The good news: The warehouse retailing chain is showing signs of a growth rebound that's likely to continue as Latin American and Caribbean economies recover.
- [By Demitrios Kalogeropoulos]
The week ahead is shortened by the July 4 holiday, but still includes a few big-name earnings reports that could move individual stocks. Below, we'll preview what investors will be focusing on with these announcements from�Herman Miller�(NASDAQ:MLHR), Acuity Brands�(NYSE:AYI), and PriceSmart�(NASDAQ:PSMT).
- [By Ethan Ryder]
PriceSmart (NASDAQ: PSMT) is one of 12 publicly-traded companies in the “Variety stores” industry, but how does it compare to its rivals? We will compare PriceSmart to similar companies based on the strength of its dividends, institutional ownership, risk, earnings, analyst recommendations, profitability and valuation.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on PriceSmart (PSMT)
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Top 5 Blue Chip Stocks To Invest In Right Now: Alaska Air Group, Inc.(ALK)
Advisors' Opinion:- [By Asit Sharma]
Both legacy airlines and low-cost carriers (LCCs) have recently tilted out of favor with investors due to rising fuel costs and heightened competition. Alaska Air Group (NYSE:ALK) has figured as one of the hardest-hit, losing approximately 30% of its stock price over the last 12 months. In addition to cyclical factors, the company has ceded some of its traditional operating efficiency as it integrates Virgin America under the Alaska Airlines brand.
- [By Chris Lange]
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Friday was Alaska Air Group, Inc. (NYSE: ALK) which rose about 6% to $64.10. The stock��s 52-week range is $57.60 to $95.75. Volume was over 4 million compared to the daily average volume of 2.7 million.
- [By Paul Ausick]
The top-ranked airline this year is Southwest Airlines Co. (NYSE: LUV), which matched last year’s second-place score of 80 to take the top spot from JetBlue Airways Corp. (NASDAQ: JBLU), which dropped from an index score of 82 to a 2018 score of 79 to tie with Alaska Air Group Inc. (NYSE: ALK), which improved its index by one point this year.
- [By Garrett Baldwin] Southwest Airlines Inc. (NYSE: LUV) canceled flights across the country in order to inspect the engines of 40 different airplanes. The inspections come a week after a mid-air engine explosion caused the first U.S. air fatality since 2009. Money Morning Executive Editor Bill Patalon breaks down the aftermath of the accident, and explains what it means for both Southwest and Boeing Co. (NYSE: BA). The price of Bitcoin pushed back toward $9,000 as the post-tax season breakout continues for the cryptocurrency markets. The total value of the global cryptocurrency market topped $400 billion this morning, a significant recovery from the massive downturn that occurred in the first quarter. As we explained on Saturday, now may be the best time to buy Bitcoin since July 2013. That month was when Money Morning�Defense and Tech Specialist Michael A. Robinson went on live television with a bold prediction for�Bitcoin (BTC), which would be followed by 25,351% gains at the peak of the cryptocurrency's run. Find out where Bitcoin is heading next, right here. Three Stocks to Watch Today: GOOGL, LUV, HAS Alphabet Inc. (Nasdaq: GOOGL) leads another busy day of earnings reports on Monday. Wall Street anticipates that the online media giant will report earnings per share (EPS) of $9.21 on top of $24.29 billion in revenue. Hasbro Inc. (NYSE: HAS) slumped more than 7.6% in pre-market hours after the company reported earnings. The toymaker reported adjusted EPS of $0.10, well short of the $0.33 expected on Wall Street. The firm also reported weaker-than-expected revenue for the quarter. The firm named Toys 'R Us as a central reason for poor showing – the company recently liquidated its stores, impacting Hasbro Inc.'s (Nasdaq: HAS) bottom lines. Look for earnings reports from Halliburton Co.�(NYSE: HAL), Alaska Air Group Inc.�(NYSE: ALK), Whirlpool Corp. (NYSE: WHR), TD Ameritrade Holding Corp. (Nasdaq: AMTD), Kimberley-Clark Corp. (NYSE: KMB), Cadence Design Syst
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Desai Capital Management’s Ashish Desai (formerly of Bretwood Capital) on June 11 said to buy Alaska Air (ALK), an undervalued company based on growth prospects, with a price target range of $90-$105 over an 18-24 month holding period
- [By Lee Jackson]
This company has a big west coast exposure and continues to rank high on Wall Street. Alaska Air Group Inc. (NYSE: ALK) is the parent company of Alaska Airlines, and it reported impressive traffic data buoyed by strong demand. The company serves more than 100 cities through an expansive network in Alaska, the Lower 48 states, Hawaii, Canada and Mexico. Despite recent challenges by other carriers for superiority in the Northwest, the company has strong customer loyalty, which has contributed to outstanding earnings and revenue growth.
Top 5 Blue Chip Stocks To Invest In Right Now: OGE Energy Corporation(OGE)
Advisors' Opinion:- [By Shane Hupp]
OGE Energy (NYSE:OGE) was downgraded by analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Sunday, Marketbeat.com reports. The analysts noted that the move was a valuation call.
- [By Stephan Byrd]
OGE Energy (NYSE: OGE) and Sky Solar (NASDAQ:SKYS) are both utilities companies, but which is the better investment? We will contrast the two businesses based on the strength of their dividends, earnings, risk, institutional ownership, profitability, analyst recommendations and valuation.
- [By Shane Hupp]
Natixis Advisors L.P. decreased its position in shares of OGE Energy Corp. (NYSE:OGE) by 35.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,287 shares of the utilities provider’s stock after selling 13,258 shares during the period. Natixis Advisors L.P.’s holdings in OGE Energy were worth $796,000 at the end of the most recent quarter.
Top 5 Blue Chip Stocks To Invest In Right Now: Palo Alto Networks, Inc.(PANW)
Advisors' Opinion:- [By Nicholas Rossolillo]
Fueled by increasing need for cybersecurity and a run of better-than-expected financial results, shares of Palo Alto Networks (NYSE:PANW) have rallied 70% in the last year. Cybersecurity is a young but fast-growing industry, and Palo Alto Networks is one of the leading providers of the service. That could equate to further upside for owners of this stock.
- [By ]
Cybersecurity remains red hot, after another three high-profile attacks, at Under Armour (UAA) , Boeing (BA) and Hudson's Bay, the parent of Saks. But while many investors know of the big boys like Palo Alto Networks (PANW) , Fortinet (FTNT) and Proofpoint (PFPT) , Cramer dove into three smaller cybersecurity names to see if they're worth investing in.
- [By ]
From the outside looking in, it seems as if a lack of focus could be hurting Symantec. The company's security product line is enormous, covering everything from gateways to e-mail encryption to malware analysis to forensics to risk analytics. This puts Symantec in competition with many security pure-plays that have been growing rapidly (think Palo Alto Networks (PANW) or Proofpoint (PFPT) ), as well as IT giants who have made growing security sales a major priority (think IBM (IBM) or Cisco Systems (CSCO) ).
Top 5 Blue Chip Stocks To Invest In Right Now: Norwood Financial Corp.(NWFL)
Advisors' Opinion:- [By Max Byerly]
Media headlines about Norwood Financial (NASDAQ:NWFL) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Norwood Financial earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.6420547965898 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
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