Americans in August felt no better about the economy than about their own financial situation than they did in the previous month, reflecting broad concerns about the still-spreading coronavirus and the chance of a slow recovery, emerged from a new survey. The preliminary reading of the consumer sentiment survey in …
Read More »Tesla share shot higher through Upgrades from BofA and Morgan Stanley
Analysts at BofA Securities and Morgan Stanley upgraded their ratings on Tesla Inc. shares on Friday, tinning the ranks of Tesla bears and increasing the stock to another record. Tesla TSLA, + 1.98% stock is on Friday for another very high, and has almost doubled in price this year. Earlier …
Read More »Macy’s, Nordstrom, Kohl’s shares are up after announced retail numbers in July
Department store vendors received a boost on Friday when the latest government data showed a 1.2% increase in U.S. retail sales. Nordstrom Inc. JWN, + 3.04% shares up 5.8%; Kohl’s Corp. KSS, + 3.19% stock was up 6.6%; and Macy’s Inc. M, + 4.80% shares jumped 9.3% on the news. …
Read More »Here’s a tip for pandemics: Buy on the rumor of a COVID-19 vaccine, sell on the news
MARKETWATCH FRONT PAGE Wall’s ‘smart money’ goes to the exit as retail buyers walk in the door, writes Mark Hulbert. See full story. CDC director warns America is in ‘worst case … we’ve ever been’ The coronavirus is not the only public health crisis this fall. See full story. Trump …
Read More »Duck Creek’s stock opens 56% above its IPO price
Duck Creek Technologies Inc.’s share of DCT, + 52.22% began its public life with a major rally, as the initial trade was 55.6% above the initial price of the officially offered $ 27, which was above the previously expected range. The Boston-based software-as-a-service (SaaS) company for the real estate and …
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