Market Up as Government Shutdown Averted, but FAANG Stocks Still Down

The government shutdown drama is over and the legal drama over who has the power of the public purse — Congress or the President — has just begun. February 15, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. President Trump signed a bill to avoid another government shutdown and simultaneously declared a national emergency on the southern border to get funding for the wall. Democrat leaders promised to sue. Good news for the market. The government deal and encouraging signs on the U.S./China trade talks sent stock prices sharply higher today. Large cap multinational companies surged, pushing the Dow index up 1.74 percent. The S&P 500 and Nasdaq indexes were up 1.09 and 0.61 percent respectively. The Entrepreneur Index™ closed the day up 0.33 percent. The technology sector lagged the broader market. All four FAANG stocks on the Entrepreneur Index™, (Facebook, Amazon, Netflix and Google — […]

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The Government Shutdown Wasn’t So Bad for the Stock Market — But Avoiding a Shutdown Would Be Even Better

The Entrepreneur Index™ was up big on Tuesday after the government announced a plan to avoid a shutdown. February 12, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The first government shutdown wasn’t so bad for the stock market. In fact, the S&P 500 index bottomed two days after it started and then rose nearly 15 percent as the President and Democrats exchanged barbs over the border wall for the next month. Investors, however, appeared relieved to avoid a second one. The tentative agreement to keep the government open sent the major indexes up sharply today with the Dow, up 1.49 percent, rising the most. The Entrepreneur Index™ gained 1.63 percent with just 12 of 60 stocks on the index posting losses. No news is apparently good news for homebuilder D.R. Horton Inc. While the shutdown of government agencies might arguably affect the real estate market […]

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Jeff Bezos Bombshell Sinks Amazon Stock

The idea of a below-the-belt selfie apparently turns off investors. February 8, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. That’s one way to sink your stock. Shares of Amazon.com were down 1.62 percent today after the company’s founder and CEO wrote a remarkable blog calling out the National Enquirer tabloid for trying to blackmail him with personal pictures and texts he exchanged with a girlfriend Lauren Sanchez. Mr. Bezos — the world’s wealthiest person — is currently undergoing a divorce from his wife Mackenzie. Twitter, (-2.56 percent), however, had the biggest decline in the technology sector and on the Entrepreneur index for the second consecutive day. It fell nearly 10 percent yesterday after it reported better than expected financial results but lowered forward guidance and warned of rising operating costs. The stock is down 37 percent since last June, but is still up four percent […]

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Weak Amazon Outlook Sinks the Market

The FAANG stocks giveth and they taketh away. February 1, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Yesterday, great earnings from Facebook lifted the entire technology sector. Today, a cautious outlook from Amazon.com deflated it. The online retailing/cloud computing/video streaming/grocery distribution giant handily beat estimates for the fourth quarter but gave a slightly less upbeat outlook for the coming quarter than analysts were expecting. The stock fell 5.35 percent, the biggest decline on the Entrepreneur Index™ today. Amazon is now back in bear market territory, down more than 20 percent from its high set in early September. It remains, however, the most valuable public company (worth $795 billion) by a slight margin over Apple and Microsoft. The rest of the technology sector had mixed results today. The tech-heavy Nasdaq Composite index fell 0.25 percent while the Dow and S&P 500 indexes were up 0.26 percent […]

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Stocks Rise as the Government Shutdown (Temporarily) Ends

The government shutdown wasn’t exactly holding the stock market back, but a temporary deal to end it didn’t hurt. January 25, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The S&P 500 index, up more than ten percent since the shutdown began on Dec. 22, rose 0.85 percent today, though much of the gain happened before the deal between the White House and Congress was announced. Stock prices were strong across the market with technology shares leading the way. The Dow was up 0.75 percent while the tech-heavy Nasdaq Composite index rose 1.29 percent. The Entrepreneur Index™ gained 1.33 percent with just nine of sixty stocks posting losses on the day. John Hess, son of Hess Corp. founder Leon Hess, reassured OPEC members — and investors — that U.S. shale oil producers like his company would not undermine the oil markets this time around. The CEO […]

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Tesla Announces Plan to Cut 7 Percent of Its Workforce, Leading to Stock Plummet

Elon Musk, in a characteristically blunt email to employees, warned that the current quarter would not be as strong as the previous one and that “the road ahead is very difficult.” January 18, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The prospects of a trade deal with China are trumping signs of trouble from two of the highest profile companies in the market. Netflix and Tesla both gave somewhat sober views of their outlook and saw their stock prices suffer. The broader stock market, however, shrugged off those warnings after China reportedly offered to address the more than $300 billion annual trade surplus with the U.S. by simply importing more U.S. goods — a lot more. Stock indexes were up nearly two percent in the morning and mostly held their gains in the afternoon. The Dow and S&P 500 indexes closed the day up 1.38 […]

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The Stock Market Just Finished Its Best Week in Months

The market was slightly down on Friday, but it was still a great week. January 11, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The stock market failed to log a fifth straight day of gains, but finished its best week in months with a small decline. The Dow and S&P 500 indexes were down 0.02 percent and 0.01 percent respectively, while the Nasdaq Composite fell 0.21 percent. The Entrepreneur Index™ ended the day down 0.14 percent. The technology sector finished a quiet week with mixed results. Most stocks had small gains or declines, but Netflix, up 3.98 percent, was the notable exception. The internet/entertainment giant has been the strongest FANG stock since the group — and the broader stock market–bottomed the day before Christmas. It is up a staggering 45 percent over that period and is still getting upgrades from Wall Street. One analyst from […]

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Bed Bath & Beyond Was a Monster in the Stock Market Today. Here’s Why.

The home-goods company had a massive day on Wall Street. January 10, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Bed Bath & Beyond Inc. was a monster in the stock market today, rising 16.56 percent — by far the biggest gain on the Entrepreneur Index™. The specialty retailer beat earnings estimates by only a penny, but gave a surprising outlook on 2019. The company said it expected earnings for this year to be about the same as 2018 while Wall Street analysts were expecting profits to fall by 20 percent. The stock has been a dog for investors over the last year, falling 33 percent, but it is now up 35 percent since Christmas. Activity on the broader stock market was once again muted today, though the major indexes did post gains for the fifth day in a row. The Dow and S&P 500 indexes […]

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The U.S. Economy Stands Strong as Global Economies Slow. Here’s How Tesla Took Advantage on Friday.

The electric car company was up more than 5 percent after falling by 10 percent the last two days. January 4, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The stock market came roaring back from a weak start to the new year. Falling more than two percent yesterday, the major indexes were all up more than three percent today, with the Nasdaq Composite index rising 4.26 percent. The Entrepreneur Index™ gained 4.09 percent with only three of sixty stocks on the index down on the day. The strength of the U.S. economy was the catalyst. China and other global economies, may be slowing, but the U.S. is not. Blowout jobs numbers for December came in nearly twice analyst estimates and wage growth of 3.2 percent year over year was good — but not so good as to stoke fears of inflation. Yields on both the […]

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Investors Like Tesla’s New Independent Board Directors, Larry Ellison and Kathleen Wilson-Thompson

Tesla was the biggest winner on the Entrepreneur Index™ today. December 28, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. Stock prices were down in the morning, staged another rally in the afternoon but faded in the final hour of the last full trading day of the year. The Dow and S&P 500 indexes were down 0.33 percent and 0.12 percent respectively, and are on pace for their worst performance in the month of December since 1931. The Nasdaq Composite index was up 0.08 percent. The Entrepreneur Index™ gained 0.27 percent on the day. Tesla had the biggest gain on the Entrepreneur Index™ today, rising 5.61 percent. Investors appear to like the company’s choice of Oracle CEO Larry Ellison and Kathleen Wilson-Thompson, head of HR for Walgreens Boots Alliance, as new independent directors on Tesla’s board. The company was required to appoint a new chairman and […]

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The Stock Market Is Headed for One of the Worst Decembers on Record. Here’s Why.

The stock market needs Santa to come and deliver a Christmas miracle. December 21, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. Unless Santa Claus actually comes to town next week, the stock market is headed for one of its worst Decembers on record. Stock prices were down again today, with high-growth, high-risk technology stocks falling the furthest. The tech-heavy Nasdaq composite index was down 2.99 percent, while the Dow and S&P 500 indexes shed another 1.81 percent and 2.06 percent respectively. The Entrepreneur Index™ was down 2.68 percent on the day with Twitter and the FANG stocks all deeply in the red. Facebook, now down 43 percent from its peak in July, fell 6.33 percent. Netflix, off 35 percent since the beginning of October, lost 5.45 percent today and Amazon, down 33 percent from a high in early September was down 5.71 percent. Alphabet Inc. […]

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The Stock Market Keeps Falling After Bad News From the Federal Reserve

Investors didn’t get what they wanted. December 19, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. The Federal Reserve Bank was no help to investors today. The Dow index rose this morning in anticipation of the Fed’s two o’clock meeting and then dropped 600 points in the next hour. The index ended the day down 1.49 percent, setting a new low for the year. The S&P 500 and Nasdaq Composite indexes fell 1.54 percent and 2.17 percent respectively. The Entrepreneur Index™ was down 2.28 percent with just seven of 60 stocks posting gains on the day. Related: The Most Successful Companies Led By Entrepreneurs As expected, the Fed raised the Fed funds rate by another quarter point but failed to sound sufficiently alarmed by slowing global growth and market volatility. The market expected the central bank to abandon its plans to hike interest rates three more times next […]

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Investors Have Lost Confidence in the Health of the Global Economy. Here’s Why.

December 17, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. Investors have lost confidence in the health of the global economy. Interest rates are falling, so is the price of oil and the stock market continues to slide. Once again, stocks opened higher in the morning but fell sharply in the afternoon. The Entrepreneur Index™ was down 2.83 percent today with only two stocks posting gains. The major indexes followed suit. The Dow and S&P 500 indexes were down 2.11 percent and 2.08 percent respectively, while the Nasdaq Composite was off 2.27 percent. The three indexes are now technically in correction territory — down more than 10 percent from recent highs. All eyes are now on the Federal Reserve Bank, which is expected to raise the Fed Funds rate another quarter point at its meeting on Wednesday. While President Trump and others in his administration continue […]

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Are Amazon and Walmart Killing Costco?

The wholesale shopping chain posted disappointing earnings on Friday. December 14, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. The U.S. economy still appears to be humming, but slowing growth in the rest of the world dragged down stock prices today. U.S. core retail sales (excluding food, gas and automobiles), were up 0.9 percent in November about twice the median estimate. However, lower industrial output and retail sales in China along with weak economic data from the Eurozone sparked fears of a slowing global economy. All three major stock indexes were down with the Nasdaq composite index — off 2.26 percent — falling furthest. The Entrepreneur Index™ fell 2.44 percent today with just eight of 60 stocks posting gains on the day. Costco Wholesale Group had the biggest decline on the index, falling 8.59 percent after reporting earnings this morning. The retailer beat revenue estimates but […]

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Is It Time to Start Worrying About the Stock Market?

The market fell again on Friday. December 7, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. The wall of worry the stock market is trying to climb is getting higher by the day. The major stock indexes sold off today after fighting back from steep losses yesterday. The Dow and S&P 500 indexes were down more than two percent and the Nasdaq composite fell 3.05 percent. The Entrepreneur Index™ closed down 3.03 percent, with only one of 60 stocks on the index (Bed Bath & Beyond), posting a gain on the day. Two major factors are causing the anxiety. The prospects for a trade deal with China appear in jeopardy after the arrest of the CFO of Chinese telecom giant Huawei in Canada at the request of U.S. authorities. If the temporary truce in new tariffs ends, global economic growth is expected to suffer. The second […]

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How Will the G20 Summit Affect the U.S. Stock Market?

A dinner meeting between President Trump and Chinese President Xi could cause a disruption in economic growth. November 30, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. Thanks, China! U.S. stock prices rallied late in the day after Reuters reported that a Chinese trade official said that “consensus is steadily increasing” between U.S. and Chinese trade negotiators. The Entrepreneur Index™ closed up 0.64 percent after trading within a narrow range for most of the day. The S&P 500 index was up 0.82 percent while the Dow and Nasdaq composite indexes were both up 0.79 percent. Investors are eagerly awaiting the outcome of a dinner meeting tomorrow between President Trump and Chinese President Xi Jinping at the G20 economic summit in Buenos Aires. The ongoing tariff battles between the two countries are expected to hurt global economic growth. President Trump continues to send mixed signals on the […]

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Is the U.S. Economy Peaking and Heading for a Fall?

Domestic growth has been strong all year, but it seems like the rest of the world is slowing down. November 9, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. The market giveth and the market taketh away. A day after posting the biggest gain on the Entrepreneur Index™, TripAdvisor Inc. was down 5.42 percent today. The online travel website posted strong earnings yesterday and saw a 16 percent jump in its stock. TripAdvisor wasn’t the only stock giving back gains. Ralph Lauren Corp. up 3.78 percent yesterday, fell 6.26 percent today, the biggest decline on the Entrepreneur Index™. The market as a whole was down, with the Entrepreneur Index™ falling 1.2 percent. While a late afternoon rally pared losses, share price declines on the index outpaced gains by a margin of 41 to 19. The stock market had one of its best days of the year […]

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Apple Spooked Analysts Last Night With a New Announcement. Here’s How.

Check out the latest news on Apple and more major companies with the Entrepreneur Index™. November 2, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. What’s in a name? A lot more money if you’re Verisign Inc. The Virginia-based company, which registers internet domain names, came to a much-awaited agreement with the government, allowing it to increase fees up to 7 percent for “.com” addresses. Wall Street analysts immediately upgraded the stock and it was up as much as 25 percent in early trading. It closed with a gain of 17.19 percent — the biggest on the Entrepreneur Index™ today. Unfortunately, every other tech stock on the index — except Cognizant Technology (up 1.05 percent) — was down on the day. The Entrepreneur Index™ as a whole declined 0.23 percent. Tech bellwether Apple Inc. failed to add fuel to the post-October rally with financial results it reported […]

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The Stock Market Is Still Looking for a Bottom

A day after an encouraging rally briefly stemmed the waves of selling, the markets were down again today. October 26, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. The Entrepreneur Index™ ended down 2.46 percent on the day. As expected the earnings reported by Amazon.com and Alphabet Inc. after the market closed yesterday had a big impact on investor sentiment — unfortunately in a bad way. Like many companies this quarter, Amazon topped earnings estimates but missed slightly on revenues and lowered guidance for the fourth quarter and the all-important holiday season. The stock was down 7.82 percent. Alphabet reported similar results, but the stock was down a more modest 2.2 percent. Healthcare information technology company Cerner Corp. was clobbered after also hitting earnings but missing revenue targets yesterday. The stock was down nearly 15 percent in morning trading–hitting a new 52-week low — but recovered […]

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Netflix, Facebook and Amazon Share Prices All Fell by 5 Percent (at Least) Today

Here are some stock trends from the Entrepreneur Index™. October 24, 2018 3 min read Opinions expressed by Entrepreneur contributors are their own. More great earnings, but more big beatdowns in the stock market. Alexion Pharmaceuticals topped earnings and revenue estimates by a wide margin this morning but the stock was down 9.76 percent — the second biggest decline on the Entrepreneur Index™ today. Fellow biotech firm Regeneron Pharmaceuticals was also down 7.7 percent. The Entrepreneur Index™ closed the day off 4.08 percent. Investors continued to move out of stocks and into the safe haven of U.S. Treasury bonds. Only nine of 60 stocks on the Entrepreneur Index™ posted gains today. Meanwhile, the 10-year Treasury bond yield (which moves opposite to the bond’s price), fell another five points to 3.11 percent. High-growth technology stocks were crushed. The Nasdaq 100 index fell a whopping 4.63 percent, while the Dow and S&P 500 […]

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