Month: July 2022

AutumnSkyPhotography Introduction ANY (NASDAQ:QCOM), a technology leader, specializing in the design and manufacture of semiconductors and wireless telecommunications equipment, is well poised to meet the growing and sustainable market demand. One of the main drivers of growth is the acceleration in adoption of 5G technology, which represents an opportunity for the company to grow its revenues. In addition, the location of Qualcomm’s manufacturing facilities is diversified, preserving the company’s productivity and efficiency compared to its competitors, whose manufacturing facilities are clustered in Asia eastern Qualcomm ranks highly in our factor-based US large-cap stock ranking system. This article will explain the…

Nigeria’s Mohammad Sanusi Barkindo helped Russia make decisions on oil production as OPEC leader since 2016.Credit…Ali Haider/EPA, via Shutterstock A leading figure in the international oil industry, Mohammad Sanusi Barkindo, OPEC’s secretary general, died on Tuesday in his native Nigeria, the oil producer group said. No cause of death was given. Mr Barkindo, 63, had kept a busy schedule on Tuesday, making a speech in a conference and meeting with the President of Nigeria, Muhammadu Buhari. Mr. Barkindo took over as head of the Organization of the Petroleum Exporting Countries in 2016, during a turbulent period following the collapse of…

US stocks rose for a fourth straight session on Thursday, led by broad-based gains across all sectors. Investors look to the most important June employment report leave before the opening bell on Friday. The S&P 500 rallied 1.5% and the Nasdaq 2.3%. The Dow Jones Industrial Average added 246 points, or about 1.1%. The Department of Labor is ready to release its latest monthly employment data Friday at 8:30 am ET. The numbers are expected to show a payroll gain of 268,000, the lowest since the pandemic-era recovery, according to Bloomberg data. Still, estimates suggest employment growth remained solid despite…

Sitthipong Pengjan The consumer discretionary sector (XLY) has led the market higher over the past month (ETF performance heatmap below). Retail stocks have generally rebounded, but there is some uncertainty with the back-to-school shopping season underway. Back to school The period is actually the second biggest shopping time of the year (the December holidays are number one). Meanwhile, China is always a question mark. There’s a luxury goods company at the heart of it all: Tapestry (NYSE: TPR). ETF One-Month Performance Heatmap: Discretionary Strong, China Weak Finviz According to Bank of America Global Research, Tapestry is a leading specialty retailer…

US stocks rallied on Friday to end a four-day losing streak on Wall Street. Sentiment was buoyed by better-than-expected retail sales data and a surprise earnings hit at Citigroup ( C ). The S&P 500 rose 1.9%, while the Dow Jones Industrial Average added 657 points, or about 2.2%. The Nasdaq, very technological, rose 1.8%. Citi’s second-quarter results boosted shares of banking peers to record the sector’s best intraday rally since May, according to data from Bloomberg. The megabank reported a Revenue rose 11% during the period to $19.64 billion, a day after traders reflected on a disappointing set of…

U.S. stocks fell sharply in late trading Monday on news that Apple ( AAPL ) plans to slow hiring and curb spending next year to prepare for a possible recession. [Click here to read what’s moving markets on July 19, 2022] Bloomberg news reported Monday afternoon that the hiring slowdown and the spending cuts will occur in certain divisions and stem from a move to “exercise more caution in times of uncertainty,” according to people familiar with the matter who asked not to be identified. Apple shares closed up 2.1%. The S&P 500 and Nasdaq each fell about 0.8%, while…

Elle Mundus/iStock via Getty Images The stock market went up last week. July 2022 saw the stock market’s best monthly performance since 2020. The S&P 500 rose 9.1 percent in July, its biggest monthly gain since November 2020. The NASDAQ rose 12.3 percent, its biggest monthly gain since April 2020. The reason? Sonal Desai, chief investment officer for fixed income at Franklin Templeton, is quoted in the Financial Times as saying “Financial markets only heard what they wanted to hear and ignored the rest.” And what did some members of the investment community feel? First of all, the economy is…