It was a quiet day on Wall Street, with the S&P 500 (^GSPC) and the Nasdaq (^IXIC) closing at record highs. The Dow Jones Industrial Average (^DJI) closed 52 points lower. One thing investors were watching was Federal Reserve Chairman Jerome Powell's semiannual testimony before the Senate Banking Committee. Powell says the Fed needs to see more data showing inflation is slowing before cutting rates. Claudia Sahm, the founder of Sahm Consulting and former Federal Reserve Board Economist, says the Fed is in a difficult balancing act but that the central bank has, so far, brought inflation down without a recession occurring. Hamilton Lane Co-CEO Erik Hirsch tells investors how they can learn to navigate opportunities in the private market, while Hennessy Energy Transition Portfolio Manager Fund Ben Cook explains why he thinks ExxonMobil (XOM) is a better energy sector pick than First Solar (FSLR). Wedbush Securities SVP of equity research Jay McCanless also joins the program to explain why he homebuilder Lennar (LEN) to Neutral from Underperform. Market Domination anchors Julie Hyman and Josh Lipton also take a look at some of the day's trending tickers, including Tesla (TSLA), Nvidia (NVDA), Albermarle (ALB), Boeing (BA), and Oracle (ORCL). For more expert insight and the latest market action, click here. This post was written by Stephanie Mikulich...
Continue ReadingStock's Hot Run Extends to 10 Straight Session...
Continue ReadingTesla (TSLA) continued its hot streak and closed higher for its 10th trading day in a row. Meanwhile, bitcoin (BTC-USD) continues to trade below a $60,000 benchmark, taking a little longer to recover than previous down periods. Should investors hold stocks overnight and trade in the morning? Data surrounding the S&P 500 (^GSPC) reveals it can cause a greater return than some trading in the day. Yahoo Finance reporter Jared Blikre joins Asking for a Trend to break down the latest market trends and takeaways for the July 9 session For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Nicholas Jacobino...
Continue ReadingThe S&P 500 inched 0.1% higher on Tuesday, July 9, as Fed Chair Jerome Powell struck an optimistic tone about cooling inflation in his first day of Congressional testimony...
Continue ReadingTesla is on track to extend its win streak Tuesday, achieving its biggest market cap gain in more than two years...
Continue ReadingTesla stock is on an incredible run, creating a new issue for investors: Shares haven’t been this expensive in more than two years. Coming into Tuesday trading, Tesla’s stock had climbed for nine consecutive days, gaining about 39% over that span. Tesla stock made it 10 in a row on Tuesday...
Continue ReadingTesla's stock is on track for its tenth straight day of gains...
Continue ReadingTesla shares are on track for their 10th-straight gain, Corning extends gains, and BP expects to record an impairment charge of up to $2 billion in the second quarter...
Continue ReadingUsed electric truck models have seen significant price drops, highlighting the financial risks faced by early adopters who purchased at inflated prices...
Continue ReadingTesla is a solid pick in the long term. Read why I'm still skeptical about the current hope in the air for a quick business recovery...
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