Tag Archives: Stocks

Declining Industrial Stocks Amid Market Weakness Worry Investors

Shares of companies in the broader industrials sector are experiencing a decline as investors face overall market weakness. The core of industrials, capital goods stocks, is also facing a downturn across the board. The historically high valuations in the industrial sector have made it susceptible to a correction, and this trend is a source of concern for investors who have been betting on a robust economic recovery. The decline in industrial stocks is also evident in popular mid-cap ETFs.

Meanwhile, Harvard Business School is offering a course that could be particularly beneficial for students seeking careers in consulting, corporate finance, investment banking, and hedge funds. This news is unrelated to the decline in industrial stocks and comes as a separate development.

In earnings…


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3 Internet Delivery Stocks to Watch in a Challenging Industry

The pandemic-induced travel restrictions and social-distancing measures have been hurting the Zacks Internet – Delivery Services industry. Nonetheless, recovery is anticipated for companies like GoDaddy GDDY, QuinStreet QNST and Asure Software ASUR as countries are slowly reopening their economies and lifting the travel bans. Additionally, a greater Internet presence in emerging markets, a burgeoning affluent middle class and the accelerated uptake of smartphones will aid Internet – Delivery Services industry participants.

However, elevated marketing expenses due to the planned expansion into new delivery markets will be an overhang on margins in the near term. Moreover, the spike in infection rates across several parts of the world due to the Omicron variant, which resulted in…


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Midday Report: US Stocks Extend Gains as Holiday Spending Rises

US stocks rallied Monday, on pace for a fourth straight daily gain and another S&P 500 record as COVID-19 infections continued to rise after the long Christmas holiday weekend.

The S&P 500 gained 1.1% to 4,775.90 by the early afternoon, while the Nasdaq Composite index rose 1.2% to 15,835 and the Dow Jones Industrial Average advanced 0.7% to 36,184.50.

Technology and energy led the way, with all sectors higher.

MasterCard’s (MA) US holiday sales data showed an increase of 8.5% for the period from Nov. 1 through Dec. 24 compared with the 2020 holiday shopping season.

Travel-related stocks were under pressure amid widespread US flight cancellations as omicron variant cases continued to rise. Staffing shortages have led to the cancellation of more than 2,000 flights since Christmas Eve,…


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