Gap Inc.
(NYSE: GPS) rolled out the first product in this much-hyped clothing collection in collaboration with Kayne West last week.
The bright blue puffer jacket was made available for pre-order, and it was a hit.
As anticipation grew, the Gap stock price went on an 84% run year-to-date, from $19.22 to a high of $36.33.
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Markets sold off violently this week as the full scale of inflation fears began to sink in.
Though stocks managed to catch a break on Thursday, the gains were not evenly spread out across indexes.
But a permanent state of volatility seems to be the new normal, and while this spells trouble for the short-term trend, especially Big Tech, Chris isn't worried.
In fact, his chart shows a technical situation unfolding here that'll likely send one small stock soaring 50% or more..
by Tom Gentile
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The S&P 500's risen a record-setting 57.5% since bottoming in March.
With today's sector analysis, Tom will show you that there are a few other sectors besides tech that have led the market's meteoric recovery.
And one stands out to him as the hottest sector of 2020, with top five stocks you can take advantage of this now…
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Retail sales just had their biggest monthly decline ever in March, but some retail stocks have soared despite store closures, plummeting sales, and little consumer confidence.
One of those thing has to give, and we don't see sales surging anytime soon.
We're going to capture that downside with an options trade. It's not as simple as a put option either; it's a trade that will maximize your upside while limiting your cost.
And it's an options trade you can easily execute on Robinhood...
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Traders woke up Thursday morning thinking 8:30 a.m. was going to set the mood for the day. That's when the Department of Labor was scheduled to release its weekly number of new unemployment claims made the previous week.
As it happens, the numbers were awful, at 6.6 million new applicants. That's in addition to the 6.9 million the week before, and 3.3 million two weeks prior.
In other words, an astonishing 16.8 million Americans have lost their jobs in just three weeks. That beats the records set during the Great Depression by several times over (of course, the U.S. has a much larger population now – but still…)
This weekly number was also way worse than expected, with analysts estimating something between 3 million and 5 million new claims.
But instead of dropping, markets opened up more than 1.5%. It's as if 6.6 million people losing their jobs in a single week won't affect companies negatively.
Well, in the short term, that may be the case. Because at almost the same time that the Department of Labor released its data, U.S. Federal Reserve Chair Jerome Powell went on air.
What he announced sent pre-market trading skywards. It was yet another stimulus plan, for another $2.3 trillion.
This time, the Fed will be guaranteeing loans made to states and municipalities, and also to households.
But the most important piece of the announcement has the Fed doing something it has never done before…
And it sent one part of the market up three times more than the Dow.
Should you jump on the bandwagon? Here's what I think… Full Story
Should you jump on the bandwagon? Here's what I think...
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The Dow Jones Industrial Average dropped more than 600 points at open today.
This comes after a three-day stretch that technically ended the Bear Market.
However, it’s clear that we’re witnessing a head fake for the markets.
Investors now face a significant challenge on the horizon as the U.S. economy shuts down to address the spread of coronavirus.
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The Dow Jones today will reflect growing uncertainty over a trade deal between the United States and China.
This could be offset by one of the busiest retail earnings days of the year. Expect earnings reports from Macy's (NYSE: M), Nordstrom (NYSE: JWM), Gap (NYSE: GPS) and other retailers to keep the Dow today steady.
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Predicting which retail stock will bounce back tricky in today's environment. But we have a secret weapon that tells us when a stock is about break out in the coming months.
It's called the Money Morning Stock VQScore™ system. This proprietary algorithm tracks 1,500 of the most profitable companies in the world and assigns them a score from 1 to 4.9.
The score is derived from a deep dive into the company's EPS and demand for the underlying stock.
Any stock that scores 4 or higher means EPS is accelerating and demand for its underlying shares is increasing.
This means it's a "Strong Buy" and is likely to break out in the months ahead.
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The Dow Jones today opened flat as the nation's central bankers gathered in Jackson Hole, Wyoming for an annual economy symposium.
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The Dow Jones today jumped 55 points in premarket hours as traders showed optimism for a resolution on trade between the United States and China.
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