Strong Retail Sales and Corporate Earnings Results Boost Entrepreneur Index™ and Confidence in the Economy

The Entrepreneur Index™ posted a modest gain of 0.18 percent today. April 18, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. U.S. retail sales last month rose an unexpectedly strong 1.6 percent. That and better-than-expected corporate earnings results helped the stock market post modest gains today. The Dow and S&P 500 indexes were up 0.42 percent and 0.16 percent respectively while the Nasdaq Composite rose 0.02 percent. The Entrepreneur Index™ closed the day with a gain of 0.18 percent. Returns were muted on the index today. TripAdvisor Inc. had the biggest gain, rising 1.83 percent. Regeneron Pharmaceuticals, on a week-long slide, had the biggest loss, falling 2.81 percent. Diversified manufacturer Danaher beat both revenue and earnings estimates but didn’t get a lot of love from investors. The stock’s 1.51 percent gain was significantly less than the 2.57 percent drop yesterday heading into the earnings release. Shares […]

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Strong Earnings and Big Oil Deal Push Stock Prices Higher

Oil producer Hess Corp. helps the Entrepreneur Index™ post a modest gain. April 12, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Good earnings from J.P. Morgan, the country’s biggest bank, a new streaming service from media giant Walt Disney Co., and a big acquisition in the energy sector all lifted stock prices today. The Dow index, the laggard of the three major indexes this year with a return of 13.2 percent, was up 1.03 percent today, led by J.P Morgan and Disney. The S&P 500 and Nasdaq Composite indexes were up 0.66 percent and 0.46 percent respectively. The Entrepreneur Index™ closed the day with a gain of 0.19 percent. The announcement of a $33 billion deal between Chevron and Anadarko Petroleum got investors in the oil-patch fired up. While Chevron’s stock fell 4.94 percent, the rest of the sector soared as the market expects more […]

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Tesla Shares Down After Gigafactory Expansion Put on Hold

Plus, Bed Bath & Beyond plummets after earnings report. April 11, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Just a few percentage points from their all-time highs, the major stock indexes appear to be waiting for a catalyst to take them over the top. It could be a trade deal with China. The two sides appear to be ironing out the details of an enforcement mechanism for the agreement. It could be corporate earnings reports, which begin in earnest next week. The numbers won’t be strong, but if they beat lowered expectations, they may lift stock prices. A late-afternoon rally pared losses on the stock indexes today. The Dow, and Nasdaq Composite fell 0.05 percent and 0.21 percent respectively, while the S&P 500 was flat on the day. The Entrepreneur Index™ was down 0.28 percent with retailers, drug-makers and Tesla posting the biggest declines. Tesla […]

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The Next Potential Trade War Unsettles Stock Market

U.S. relations with Europe, not China, were the catalyst this time. April 9, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. After closing yesterday, the U.S. Trade Representative proposed an $11 billion list of European goods, including commercial aircraft, dairy products and wine, on which to impose tariffs. The U.S. is considering the actions as retaliation for European subsides to Airbus and the aerospace sector. Separately, the International Monetary Fund lowered its estimate for global economic growth this year to 3.3 percent from 3.5 percent. The major stock indexes were all down sharply. The Dow and S&P 500 indexes fell 0.72 percent and 0.61 percent respectively, while the Nasdaq Composite was off 0.56 percent. The Entrepreneur Index™ ended the day down 0.53 percent. Starboard Value LP is making waves at companies on the Entrepreneur Index™. Yesterday, the activist investor backed off a fight with management at […]

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Bed Bath & Beyond Continues to Soar as Entrepreneur Index™ Nears an All-Time High

Bed Bath & Beyond was up 4.32 percent today — the biggest gain on the Entrepreneur Index™ for the second consecutive day. April 5, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Investors’ faith in the U.S. economy was momentarily restored by good March job growth numbers released by the Bureau of Labor this morning. The major stock indexes posted moderate gains on the day. The economy created 196,000 new jobs in March. That’s far stronger then the revised 33,000 added in February and more than 10 percent above estimates. What’s more, wage growth ticked down 20 basis points to 3.2 percent. The Goldilocks economy argument is shaping up nicely. The environment is not so hot as to stoke inflation and prompt more interest rate hikes by the Fed, and not so cold as to cause a corporate earnings recession. If investors can stomach much lower […]

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IPO of Ride-Sharing Unicorn Gives Market a Lyft

March 29, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The initial public offering of Lyft, the second-biggest ride-hailing company in the U.S., found a receptive market and helped boost the major stock indexes today. Shares for the unicorn (a private company valued at more than $1 billion) priced at the top end of its expected range and jumped 8.7 percent on its first day of trading. The shares were up more than 20 percent before falling in the afternoon. The Lyft lift and renewed optimism on the U.S.-China trade talks helped the stock indexes close out their best first quarter in over two decades with good gains today. The Dow and S&P 500 indexes were up 0.82 and 0.67 percent respectively and the Nasdaq Composite rose 0.78 percent. The Entrepreneur Index™ closed the day up 0.57 percent and has gained 14 percent so far this year. […]

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Ralph Lauren Stands Out on Slow Day for the Entrepreneur Index™

The branded clothing maker gained nearly 6 percent over the last two days after a Wells Fargo analyst called the company a ‘rare standout.’ March 28, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. Ralph Lauren Corp., still basking in the glow of a good recommendation from Wall Street, was up 3.24 percent today — the biggest gain on the Entrepreneur Index™. Analyst Ike Bochurow upgraded the stock to outperform and suggested that growth in China, Europe and online sales will help the company grow top-line revenues while it improves margins. The stock is up 25.5 percent this year. The Entrepreneur Index™ closed the day up 0.45 percent. The Dow, S&P 500 and Nasdaq Composite indexes had gains of 0.36 percent, 0.36 percent and 0.34 percent respectively. Ford Motor Co. had the second biggest gain on the Entrepreneur Index™, rising 1.74 percent. The automaker’s stock has […]

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The Entrepreneur Index™ Is Down on Friday (and So Is Tesla’s Target Price)

March 22, 2019 2 min read 2019 has not been kind to Tesla‘s bottom line. On December 31, 2018, the electric car stock closed at $332.80 per share. On Friday, the company closed at $264.53 — a 25.8 percent drop in just three and a half months. Things just keep getting worse, and today was no exception. Wall Street research firm Cowen lowered its price target from $200 to $180 on Friday due to data that seemed to point at the idea that Tesla’s quarterly deliveries will fall below expectations. Analyst Jeff Osborne lowered his forecast for Model 3 deliveries by 13.6 percent (from 55,000 to 47,500. and his forecast for Model S and Model X deliveries by 14.0 percent (from 21,500 to 18,000., based on data from government and third-party sources. The Entrepreneur Index™ was down 2.12 percent on the day, and only eight stocks out of 60 posted […]

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The New Tesla Model Y Gets Chilly Reception and Drives Company Shares Down

This is despite Elon Musk’s prediction that it will outsell all the company’s other models combined. March 15, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. New vehicle introductions are usually a slam-dunk for Tesla and CEO Elon Musk. Not the Tesla Model Y, the company’s second electric SUV that was unveiled this morning. Mr. Musk was his ebullient self, predicting that the model would outsell the company’s models X, S and 3 combined. The “cross-over” utility vehicle gives Tesla a second product in the hottest segment of the automotive market. One analyst, however, called the vehicle underwhelming, and others were worried about Tesla’s ability to finance production of the new model and to deliver it on time. The company plans to bring the first and most expensive ($60,000) version of the Y model to market by the fall of next year. Tesla shares fell 4.99 percent — […]

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All 13 Tech Stocks on the Entrepreneur Index™ Were Up on Monday

Tech companies led a rebound in the stock market. March 11, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The stock market came roaring back to life today after declining for five consecutive days last week. Technology stocks led the way, sparking a 2.02 percent gain in the Nasdaq Composite index. The Dow and S&P 500 indexes were up 0.79 percent and 1.47 percent respectively. The Entrepreneur Index™ gained 1.91 percent with only one stock on the index — Chipotle Mexican Grill (-0.18 percent) — declining on the day. NVIDIA Corp. had the biggest gain on the Entrepreneur Index™, rising 6.97 percent. The maker of graphics processing units announced a $6.8 billion acquisition of Israeli tech firm Mellanox Technologies this morning. The deal, and several analyst upgrades in the tech sector, lifted sentiment across the market. Alphabet Inc. (2.93 percent), Amazon (3.07 percent), Facebook (1.39 percent) and Netflix (2.65 percent), were all […]

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Stock Market Drops After U.S. Adds Just 20,000 Jobs — Smallest Increase in 17 Months

Weak economic data stoked fears of sputtering economic growth. Read_More Related posts: The Stock Market Just Finished Its Best Week in Months How to Invest When the Stock Market Drops When Facing a Stock Market Crash, Here’s How to Still Make Money How to Come Out on Top After a Stock Market Crash The Stock Market Is Still Looking for a Bottom How Will the G20 Summit Affect the U.S. Stock Market? Is It Time to Start Worrying About the Stock Market? Bed Bath & Beyond Was a Monster in the Stock Market Today. Here’s Why.

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Tesla No Longer the ‘Apple’ of Auto Industry Thanks to Lower-Priced Model 3, Says Analyst

The electric car manufacturer was the biggest loser for the Entrepreneur Index™. March 5, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The Federal Reserve Bank appears as confused about the state of the economy as investors are. Eric Rosengren, President of the Federal Reserve Bank of Boston, suggested today that the Fed might need “several meetings” before getting an accurate read on the health of the U.S. economy. Slowing growth outside the U.S. and accumulating signs of weakness in the U.S. economy suggest a significant slowdown is possible. The Fed has indicated it will wait for further evidence before raising or cutting interest rates. Investors also seem to be waiting for clearer signs on the economy. The major indexes were flat for most of the day. A late dip sent the Dow and S&P 500 indexes down 0.05 percent and 0.11 percent respectively, while the […]

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Tesla Stock Falls After Elon Musk Announces Plans to Close Brick-and-Mortar Stores

The electric car company’s stock fell by almost 8 percent on Friday. March 1, 2019 2 min read “We will be closing some stores, some reduction in headcount as a result,” CEO Elon Musk said during an after-hours Thursday call with reporters. In the call, Musk also said that Tesla won’t make a profit during the first quarter. “I wish there was some other way. Unfortunately, it will entail a reduction in force on the retail side. There’s no way around it.” Musk also said, “We do think that profitability in Q2 is likely.” However, that spark of optimism wasn’t enough to lift Tesla stock on Friday, which fell by 25.18 points (-7.87 percent). Tesla was the biggest loser on a relatively positive day for the Entrepreneur Index™. The exchange was up by 0.60 percent today, while other indexes like the S&P 500 and Dow 30 were down. That success is […]

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Tesla Stock Falls as the SEC Asks Court to Find Elon Musk in Contempt

Someone has to hold Musk back when it comes to tweeting about Tesla. February 26, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The CEO of Tesla has once again run afoul of the securities regulator for recent tweets about the expected level of production at Tesla for the coming year. The SEC, which struck an agreement with Elon Musk and Tesla last year that included tighter oversight of Musk’s twitter posts, has asked a court to find Musk in contempt of that agreement. “[Musk] needs to have a certain amount of repression of his instinctive drive to go to Twitter,” former SEC Chairman Harvey Pitt suggested to CNBC. Tesla shares were down more than 3 percent in the morning, but trimmed their losses to 0.31 percent. The broader market see-sawed for much of the day, as investors digested the testimony of Federal Reserve Chairman Jerome […]

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Optimism Over Latest U.S.-China Talks Outweighs Investor Concerns and Lifts Stocks to Moderate Gains

J.M. Smucker is in a Jam, but the market was buoyed by progress on trade talks. February 22, 2019 3 min read Opinions expressed by Entrepreneur contributors are their own. The current talks in Washington will be extended for a couple of days after President Trump met with Vice Premier Liu He today. China has reportedly agreed to purchase $1.2 trillion of U.S. goods, though the time period and terms are unknown. The two sides are discussing a possible meeting between President Trump and Chinese President Xi Jinping at the end of next month, which suggests that the Mar. 1 deadline, when tariffs on Chinese goods will rise from 10 to 25 percent, will likely be extended. The Dow index, up 0.7 percent today, posted its ninth consecutive positive week since bottoming on Christmas Eve. It is now up 11.6 percent so far this year. The S&P 500 and Nasdaq […]

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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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