Search Results for: stock

IPO of Ride-Sharing Unicorn Gives Market a Lyft

Tom Patriot

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…

Wynn Resorts Continues to Soar Despite Flat Day for Entrepreneur Index™

Tom Patriot

After one of its best starts in 20 years, the stock market took a bit of a breather today as corporate earnings season kicks into gear this week. The Dow index fell 0.32 percent. Both Boeing and General Electric were down sharply after being downgraded by Wall Street analysts. The Nasdaq Composite index was up 0.19 percent and, with a strong finish, the S&P 500 index rose 0.1 percent, maintaining its current eight-day winning streak. The Entrepreneur Index™ posted a gain of 0.03 percent today. Analysts are expecting an average 4.2 percent…

Bed Bath & Beyond Once Again Drives Entrepreneur Index™ Higher

Tom Patriot

Retailer Bed Bath & Beyond (BBBY) will report financial results after the market closes today and they will almost certainly be bad. Analysts expect a ten percent decline in sales and a 25 percent drop in earnings for the quarter. The stock, however, continues to rise, jumping 5.09 percent today — the biggest gain on the Entrepreneur Index™. In fact, BBBY has had the biggest gain on the index three times in the last week and is up a staggering 71.5 percent so far this year. Investors are clearly betting on improvement. Since…

Move more to live longer

Tom Patriot

Improving fitness doesn’t require doing activities you don’t like. That’s the main message of research presented today at EuroPrevent 2019. The largest study to date of cardiorespiratory fitness in healthy people found that moving more is linked to living longer, regardless of age, sex, and starting fitness level. “People think they have to start going to the gym and exercising hard to get fitter,” said study author Dr Elin Ekblom-Bak, of the Swedish School of Sport and Health Sciences in Stockholm. “But it doesn’t have to be that complicated. For…

Tesla Shares Down After Gigafactory Expansion Put on Hold

Tom Patriot

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…