tacobell fan Posted June 5, 2020 Report Share Posted June 5, 2020 There appears to be no stopping the recent stock-market rally. U.S. stock futures are up again and overseas markets were higher as well. Earnings news is moving retail and tech stocks and an odd Twitter beef has focused attention on Tesla and Amazon.com. Dow Jones Industrial Average futures were up 1.3% Friday morning, ahead of the release of government data on employment for May. S&P 500 futures gained 0.8%. Nasdaq Composite futures were 0.4% higher. Overseas, Japan's Nikkei 225 Index closed up 0.4%. Europe's FTSE 100 Index gained 1.4%. Retailers are some of the last companies to report quarterly earnings. A few provided earnings figures and updates on their performance on Thursday evening. Gap (ticker: GPS) reported a much wider than expected loss Thursday. Sales reported in the quarter also fell short of analysts' expectations, falling more than 40% year over year. Shares were down 3% in premarket trading. Gap stock is down about 31% year to date. Retailers of discretionary goods have been hammered by the Covid-19 pandemic, so a lot of bad news is already reflected in Gap's share price. GameStop (GME) doesn't report earnings until next week, but the company released preliminary results Thursday. Sales for its quarter just ended fell by about one third year over year, a little worse than expected. The stock, already down about 93% from all time highs, was down another 4% in premarket trading. RH (RH), the parent company of Restoration Hardware, fared a little better in its recently ended quarter. Sales and earnings beat expectations. The stock rose about 3% in premarket trading. Shares are up about 16% year to date, as of Thursday's closing price, and are up about 240% from March lows, marking a spectacular comeback. Some tech companies also disclosed their quarterly numbers. Slack Technologies (WORK) reported better-than-expected sales and earnings. Shares, however, were down almost 15% in premarket trading. Good wasn't good enough: The stock was up almost 70% year to date as of Thursday's closing price. DocuSign (DOCU), another tech company benefiting from work-from-home trends, also reported better than expected numbers Thursday evening. It was good enough for investors in this instance. Shares gained almost 3% in premarket trading, adding to year-to-date gains of almost 90%. Aside from earnings, a couple of trends also continued Friday morning. Oil rose another 2%. Benchmark crude prices have gained about 55% over the past month. Energy-linked shares are rising as a result. Occidental Petroleum (OXY) stock, for instance, was up 8% ahead of the open. Halliburton (HAL) shares rose more than 4%. Airline shares continue to bounce after American Airlines (AAL) announced plans to increase capacity. American stock gained another 18% after rising 41% Thursday. Southwest Airlines (LUV) shares were up 5% in premarket trading after rising about 5% on Thursday. In another unexpected development Thursday, Tesla (TSLA) CEO Elon Musk weighed in on tech regulation. He wants Amazon.com (AMZN) broken up. The announcement comes after Amazon.com began making purchases in businesses Musk is interested in. Amazon, for starters, is trying to buy Zoox, which makes autonomous driving technology. Tesla, for its part, has autopilot and develops its own self-driving tech. Amazon is also interested in Bharti Airtel, which provides telecom services. Musk's SpaceX just launched another 60 of its Starlink satellites this week. The goal of Starlink is to provide space-based high- speed internet across the globe. The tweet was sent late afternoon Thursday. It isn't moving shares much. Amazon stock was up 0.1% in premarket trading. Tesla shares were up 1.2%. Quote Link to comment Share on other sites More sharing options...
Hitman Posted June 5, 2020 Report Share Posted June 5, 2020 No comments.. Quote Link to comment Share on other sites More sharing options...
LadiesTailor Posted June 5, 2020 Report Share Posted June 5, 2020 Crazy Quote Link to comment Share on other sites More sharing options...
Hitman Posted June 5, 2020 Report Share Posted June 5, 2020 Just now, LadiesTailor said: Crazy Insane. This year general sentiment to air travel from a common passenger is still very week.. but stocks are flying.. Quote Link to comment Share on other sites More sharing options...
Vaampire Posted June 5, 2020 Report Share Posted June 5, 2020 I own aal, save, dal, oas looks like super day for me. Quote Link to comment Share on other sites More sharing options...
Hitman Posted June 5, 2020 Report Share Posted June 5, 2020 Just now, Vaampire said: I own aal, save, dal, oas looks like super day for me. Congrats. Quote Link to comment Share on other sites More sharing options...
lovable Posted June 5, 2020 Report Share Posted June 5, 2020 Just now, Hitman said: Congrats. Wht are ur picks today @Hitman Quote Link to comment Share on other sites More sharing options...
LadiesTailor Posted June 5, 2020 Report Share Posted June 5, 2020 1 minute ago, Hitman said: Insane. This year general sentiment to air travel from a common passenger is still very week.. but stocks are flying.. Don’t know what’s happening with stock market... Pandits ki pungi pagilingi artham kaka... thoka lo eeka lantollam manam entha... Quote Link to comment Share on other sites More sharing options...
LadiesTailor Posted June 5, 2020 Report Share Posted June 5, 2020 1 minute ago, Vaampire said: I own aal, save, dal, oas looks like super day for me. Wow risk vs reward bro... when everyone is scared to buy airline stocks you took a chance 👏👏👏 Quote Link to comment Share on other sites More sharing options...
tacobell fan Posted June 5, 2020 Author Report Share Posted June 5, 2020 7 minutes ago, Vaampire said: I own aal, save, dal, oas looks like super day for me. Sold AAL yesterday at $13.60 after long frustration and you know how it feels now Quote Link to comment Share on other sites More sharing options...
Hitman Posted June 5, 2020 Report Share Posted June 5, 2020 12 minutes ago, lovable said: Wht are ur picks today @Hitman Will enter today into LABD, DRIP (FYI these are all Day/short term trades). Quote Link to comment Share on other sites More sharing options...
Doravaru Posted June 5, 2020 Report Share Posted June 5, 2020 18 minutes ago, LadiesTailor said: Don’t know what’s happening with stock market... Pandits ki pungi pagilingi artham kaka... thoka lo eeka lantollam manam entha... True man .... it’s driving crazy Quote Link to comment Share on other sites More sharing options...
nokia123 Posted June 5, 2020 Report Share Posted June 5, 2020 yendji vayya idhi..bayata situation ki ee rally ki pothana ledhu.. market has gone crazy .thats the only thing I can say Quote Link to comment Share on other sites More sharing options...
Hitman Posted June 5, 2020 Report Share Posted June 5, 2020 10 minutes ago, nokia123 said: yendji vayya idhi..bayata situation ki ee rally ki pothana ledhu.. market has gone crazy .thats the only thing I can say Recent printing distribution of 4Trillion mahima idi.. Quote Link to comment Share on other sites More sharing options...
Mr Mirchi Posted June 5, 2020 Report Share Posted June 5, 2020 37 minutes ago, Vaampire said: I own aal, save, dal, oas looks like super day for me. Coming down now....rasam ayipoyinattu vundhi Quote Link to comment Share on other sites More sharing options...
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