US NFP rose by 2.5 million in May, Unemployment Rate fell to 13.3%. Noth numbers beat expectations.
The consensus for non-farm payrolls was -8000K, and the actual number came in at +2509K. The consensus for the unemployment rate was 19.8% and the actual number came in at 13.3%. A very strong US jobs report and to a very large degree unexpected could move the US stock market today.
Source: Fxstreet.com
Latest stock market news today https://www.thestockmarketontheinternet.com/category/stock-market/These are the latest stock market news for today, June 8, 2020. The US stock market today is expected to open higher as stock futures are rising as of 8:05 AM, ET time. “European markets are mostly lower despite a strong day in Asia.Most European stock indexes dipped on Monday despite a moderately strong day in Asia and a booming Friday on Wall Street.” Source: https://www.nytimes.com/2020/06/08/business/stock-market-today-coronavirus.html “Dow futures jump 200 points as comeback continues, airlines gain on reopening optimism. U.S. stock futures were higher early Monday, building on the previous week’s sharp gains on optimism over the economy reopening. Dow Jones Industrial Average futures rose 216 points, or 0.8%. The move implied an opening gain of about 200 points. S&P 500 futures jumped 0.5%. Nasdaq-100 futures were up 0.1%. Stocks tied to the reopening of the economy led the gains once again in premarket trading. Airlines, retailers and cruise lines were higher.” Source: https://www.cnbc.com/2020/06/07/stock-market-futures-open-to-close-news.html “U.S. Futures Advance; Treasuries Drop With Dollar: Markets Wrap. U.S. equity futures advanced, while Treasuries slipped with the dollar as investors decided the global rally in risk assets has more to run. Futures pointed to gains at the open, which would put the S&P 500 on the cusp of wiping out losses for 2020. Oil producers and cruise lines including Occidental Petroleum Corp. and Carnival Plc jumped in the U.S. premarket. The dollar headed for its eighth session of declines in what would be the longest losing streak since 2011.” Source:https://www.bloomberg.com/news/articles/2020-06-07/asian-stocks-look-set-for-gains-dollar-mixed-markets-wrap
Stock market today At 12:04 PM, ET time today June 8, 2020, the US stock market is moving higher, all major stock indexes have gains of more than 1%. Latest stock market update: Major Stock IndexesDJIA: 25629.79,+ 501.62 +2.00%Nasdaq Composite: 9635.34,+ 142.61 +1.50%S&P 500: 3050.53,+ 48.43 +1.61%Russell 2000: 1378.83,+ 22.61 +1.67% Stock movers Stock movers today are:Boeing Co. (BA): 185.555,+ 15.555 +9.15%Dow Inc.(DOW): 41.11,+ 1.85 +4.71%Cisco Systems Inc.(CSCO): 45.3821,+ 1.7121 +3.92% Stock market source: WSJ.com
STOCKS AT 52-WEEK LOW FOR DECEMBER 21, 2020, US STOCK MARKET 52-week low stocks at the close of the US stock market on December 21, 2020. Stock market data: Investing.com STOCK MARKET Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing
Alphabet Inc. (GOOGL) is trading near 52week highs, can it go much higher? -Google launches new applications to innovate and find possibly new streams of revenues -EU antitrust charges on android is a major concern, that can affect stock price -Valuation shows some mixed signs, it is not extremely expensive but also not a bargain – EU antitrust charges on android is a major concern Alphabet Inc.(GOOGL) stock price closed on Friday 23rd September 2016 at $814,96 per share, having made an impressive one year rally return of almost 28%, up from $638,37 per share stock closing price on September 30th 2015. Is this stock price rally sustainable, and if yes what are price levels to watch for? Google launches new applications to innovate and find possibly new streams of revenues Recently Google launched a new application to make travel planning and organizing easier, called Google trips. Travel industry is a very large business and apparently Google wants to monetize new sources of revenues. But Google also is investing capital and exploiting alternative sources of revenues in many other industry and business sectors, from health sector and pharmaceuticals, to autonomous vehicles technology and new ventures in startups companies. Investing capital in research and development has both a positive and a negative result. While exploring new business ideas, technologies, marketing opportunities can provide significant income and boost profitability as now Alphabet is a conglomerate which owns Google, there can be also significant delays and capital invested with uncertain financial results. Startups carry a lot of risk, and returns come only after many years, while capital committed is also significant. Alphabet recently reported according to the news to be interested to buy Twitter. This move can be advantageous if the mass user audience of Twitter is exploited to add mobile advertising revenues, but there is the risk of Alphabet overpaying for a company which struggles with profitability. Is Alphabet certain or confident that can make a profit utilizing Twitter as a business advertising platform, when Twitter itself cannot be profitable during last fiscal financial years? EU antitrust charges on android is a major concern, that can affect stock price Google has to face soon European Union claims that on Android system it favored its own browser and in fact restricted competitors to advertising and other mobile services. Google has a dominant position in Android operating system and if European Union decide that indeed Google breached antitrust and competition cases, a potential large financial fine of about $7.4 billion could be imposed to Google with at least a short term negative impact on its stock price. Valuation shows some mixed signs, not at extreme levels Google has been able to produce last 5 fiscal years increasing net income and earnings per share for each year. But there is a mixed overall image as in last 5 quarterly earnings per share releases, it has 3 negative surprises. Operating margin and net margin have been steadily declining over last 5 years. Return on Equity and Return on Assets have also followed a declining 5 years trend. Earnings per share growth for next 3-5 years is estimated to 15.77%, which is not unrealistic. What about relative value analysis of Alphabet Inc. (GOOGL) to its Sector, Technology and its Industry, Internet Information Providers? Alphabet Inc. has a trailing twelve months P/E ratio of 30.98, lower than the industry P/E of 39.34 but higher than the sector P/E of 17.87. Trailing twelve months P/S ratio for Alphabet Inc. is lower than both the relevant ratios for its sector and industry, P/B ratio for most recent quarter is lower for Alphabet compared to the industry ratio but higher than the relevant sector ratio. P/CF ratio for Alphabet Inc. for trailing twelve months is lower than both the ratios for the industry and its sector. Comparing the main peers of Alphabet Inc.(GOOGL) , Baidu Inc.(BIDU,) Yandex(YNDX), Yahoo Inc.(YHOO) and Microsoft(MSFT) on a relative valuation for main financial ratios P/E,P/S and P/BV we notice that Alphabet Inc.(GOOGL) has only lower current P/E than Yandex, P/BV for Alphabet Inc. is higher only compared to Yahoo Inc. ratio and P/S ratio for Alphabet Inc. is higher compared to its peers ratios with the exception of Yahoo Inc., which has the same ratio of 7.34. If we add Facebook Inc. (FB) to the comparative analysis then Alphabet Inc. has all its mentioned ratios lower than Facebook. Conclusion Having a quick look at technical analysis Alphabet Inc. (GOOGL) is trending upwards with current price above the simple moving averages of 50 and 200 days. There is resistance at current levels where 52 week high of $819.06 per share is, but above this there are no significant resistances. We think at current levels Alphabet Inc. (GOOGL) is a hold, mainly due to its recent stock price rally. Adding positions to the price range of $780-$790 per share with 12 months target price of 10% and range of $890-$900 per share. Legal Disclaimer: The author does not own any Alphabet Inc. (GOOGL) stocks. This is just financial analysis,not an investing recommendation.Sources used are Google Finance,Zacks,MorningStar,Reuters. The stock market on the internet is a blog about stock market analysis focusing on stocks both from a long and short position and does not offer investing recommendation,just pure financial analysis.
Stock market news “Dow Jones Industrial Average rises 369 pointsThe Dow jumped 369.04 points, or 1.52%, to 24,575.90. The S&P 500 advanced 1.67% to 2,971.61. The Nasdaq Composite closed 2.08 higher at 9,375.78. Traders mounted bets on the economy recovering as more states ease stay-at-home orders. Amazon and Facebook hit records, ‘reopening’ stocks riseAmazon rose 1.98% to hit an all-time high to lead the market higher. Facebook gained 6.04% and reach record levels as well. Stocks that would benefit from the economy reopening also advanced Wednesday. MGM Resorts closed 8.84% higher while United Airlines rose 5.19%.” Source: https://www.cnbc.com/2020/05/20/what-happened-to-the-stock-market-wednesday-wall-street-mounts-reopening-bets.html Stock market close on May 20, 2020 S&P 500: 2,971.61,+48.67(+1.67%)Dow 30: 24,575.90,+369.04(+1.52%)Nasdaq: 9,375.78,+190.67(+2.08%)Russell 2000: 1,346.93,+39.21(+3.00%) Stock movers Aurora Cannabis Inc. (ACB) stock was among trending stocks closing at 12.75-1.90 (-12.97%). Among stock movers were Phunware, Inc. (PHUN) closing at 1.5700+0.9003 (+134.43%) and Facebook, Inc. (FB) stock with a stock price of 229.97+13.09 (+6.04%). Stocks that were top gainers, top losers and most active: Stock gainers Cheetah Mobile Inc. ADR (CMCM): 3.05,+0.98 +47.34%Surface Oncology Inc. (SURF): 3.88,+1.22 +45.86%GigaMedia Ltd. (GIGM): 3.52,+ 1.03 +41.37% Stock losers Luckin Coffee Inc. ADR (LK): 2.82, -1.57 -35.76%ShiftPixy Inc. (PIXY): 7.16,-2.53 -26.11%Liberty Media Corp. Rt (LSXMR):6.15, -1.74 -22.05% Most active stocks Luckin Coffee Inc. ADR (LK): 2.82, -1.57 -35.76%Nano Dimension Ltd. ADR (NNDM): 2.96, -0.44 -12.94%Sorrento Therapeutics Inc. (SRNE):5.70, +0.28 +5.17% Stock market source: https://www.wsj.com/market-data/stocks Stock Market, U.S. Sectors & Industries Performance Energy was the best performing sector +3.82%, Health Care was the worst-performing sector +0.12%. Source: https://eresearch.fidelity.com/eresearch/markets_sectors/sectors/sectors_in_market.jhtml Stock market update All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com. Investing Check this link for stock trading.
Stocks at 52-week low for June 2, 2020, US stock market These are stocks near a 52-week low, for the US stock market, on Tuesday, June 2, 2020. Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing. Trading and Investing Check this link if you are interested in trading
Stock market Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation. Suze Orman Stocks Stock market news, stocks, investing, stock market today. Daily business and financial news about the US stock market. Trading and Investing Check this link if you are interested in trading
Stocks at 52-week low for June 12, 2020, US stock market 52-week low stocks at the close of the US stock market on June 12, 2020. Stock market data: Investing.com Stock market Daily posts about the US stock market, stock news, stocks, stock market news, stock market today, investing. Trading and Investing Check this link if you are interested in trading
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Stock market today Stock market news, December 9, 2019. The US stock market closed lower on Monday, December 9, 2019 with moderate losses for all major stock market indices. This is the summary for US stock market at close on Monday, December 9, 2019: S&P 500: 3,135.96,-9.95(-0.32%) Dow 30: 27,909.60,-105.46(-0.38%) Nasdaq: 8,621.83,-34.70(-0.40%) Russell 2000: 1,629.62, -4.22(-0.26%) Stocks today Stocks, stocks news, stock market for today, stocks today. Stocks biggest gainers Synthorx, Inc. (THOR) was among stocks biggest gainers closing at 67.71+42.68 (+170.52%). Stocks biggest losers Kosmos Energy Ltd. (KOS) was among stocks biggest losers closing at 5.19-0.85 (-14.07%). Stock investing | Stock trading | Most active stocks ArQule, Inc. (ARQL) was among most active stocks closing at 19.70+10.04 (+103.88%). U.S. Sectors & Industries Performance Consumer Staples was the best performing sector +0.15%, Health Care was the worst performing sector -0.68%. Stock earnings calendar Notable earnings today are Autozone Inc (AZO), and GameStop Corp (GME). Stock market update All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com. This report is written by Stavros Georgiadis, CFA Equity Research Analyst, Investment Strategist.
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Most active stocks March 17, 2020, US stock market These are the most active stocks for the US stock market on Tuesday, March 17, 2020: Stock market data: Investing.com Stock market Daily stock news, stocks, stock market news, and a premium stock market newsletter, with stocks to buy, stocks to sell, investing. Trading and Investing Check this link if you are interested in trading.