Carmax Shares of Carmax (KMX) are down more than 15% today after the company reported that theyre’ between a rock and a hard place. The company released their latest earnings report this morning, showing that their latest quarter’s revenue and earnings were hurt by lower sales volume. At first glance, it feels like something that […]
KMX
Carmax Inc
Three Stocks: Tesla, Palantir, and CarMax
Tesla Dan Ives of Wedbush joined forces with Deutsche Bank to provide a double “buy reiteration” of Tesla (TSLA) shares today, but there was a little “sleight-of-hand” that went with one of the broker’s comments. Dan Ives has been a perma-bull on Tesla stock forever. I have to say I can’t blame him at all. […]
Markets Live Recap: Why the "Fed Effect" Is Very Real
Markets were volatile today as the Dow struggled to rally for the fourth day in a row, ultimately falling short.
But our experts are unfazed.
The Fed's latest push is giving this market real momentum, and it's fueling moneymaking opportunities left and right.
We've got 10 trading opportunities laid out for you below.
Chris Johnson and Andrew Keene unveiled these opportunities live today as they were tracking markets in real time.
Here's what our experts – Chris Johnson and Andrew Keene – thought about today's markets, and make sure to tune in to Markets Live tomorrow for even more actionable insight.
Markets Live Recap: Record Retail Sales Push Stocks Higher Today
Stocks rose Tuesday on the back of a record retail sales jump in May, positive trial results from a potential COVID-19 treatment, and more economic stimulus from the Fed.
The U.S. government reported all-time increase in retail sales of 17.7% in May.
Economists were expecting a 7.7% increase.
Meanwhile, trial results announced today showed an already widely-available drug called dexamethasone can help critically ill coronavirus patients.
Combine that with the Fed's announcement yesterday that it will begin buying individual corporate bonds, and you get another market rally.
The S&P 500 was up 1.6%, the Dow up 1.7%, and the Nasdaq closed 1.5% higher on the day.
As America Reopens, Explosive Pent-Up Demand Will Benefit These Companies First
After the long coronavirus shutdowns, 35 states are now reopening or about to reopen.
While the U.S. has shed about 26 million jobs over the pasts two months, the hope is that companies rehire the employees they've had to let go, and that business will quickly go "back to normal."
But consumers have been absolutely battered over the past two months and as the opportunity to spend re-emerges, folks in these states are going to have to decide what they've missed most during the lockdown.
And we're seeing some early signs that some industries are experiencing a quicker recovery than others.
Markets Live Recap: Why Oil Prices and Stocks Both Surged Today
The biggest news of the day was the 20% pop for oil prices.
They surged thanks to optimism around production cuts.
There are also expectations from analysts that demand for the commodity will increase as some economies attempt to reopen around the world.
The S&P 500 was up as much as 1.8% mid-day, but only closed 0.9% higher.
The overall market is clearly buying the news that economies around the world will open up.
But it's to be determined if they'll be able to do that without spreading the coronavirus further.
Here's what our experts – Chris Johnson, D.R. Barton, Jr., and Shah Gilani – think investors should be doing with their money today.
The Dow Jones Today Is Up on the Possibility of a U.S.-China Trade Deal
The Dow Jones today will push higher after U.S. Trade Secretary Steven Mnuchin said the U.S. and China will return to the trade table in two weeks in Washington.
Let's Dissect This Stock Picker's Sector for Profits
There’s no sector that’s been beaten up more than retail, but it’s the perfect stock picker’s market.
And according to our Chris Johnson’s Best in Breed system, there are a number of retail companies that are among the top-ranked as we head into mid-July.
Today, Chris is looking at these two companies in the retail sector that are on his bullish radar…
Why the Dow Jones Today Will Thrive on U.S.-China Trade Deal Progress
The Dow Jones today could jump by triple-digits as the U.S. inches closer to a trade agreement with China.
Investors cheered after U.S. Treasury Secretary Steve Mnuchin reported a "constructive" dinner with Chinese trade officials.
Is the Dow Jones Industrial Average Down After North Korea's Latest Threat?
The Dow Jones Industrial Average is moving this morning on fresh North Korea news.
The hermit nation recently threatened to launch a hydrogen bomb over the Pacific Ocean.
Here's what else you need to know about the stock market today...