A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Daily stock price moves often dominate headlines, but shifts in fundamental ranking scores can reveal a deeper story. This week, Benzinga's proprietary Growth data highlighted major swings among household names.
Even if a company is profitable, it doesn’t always mean it’s a great investment.
Some struggle to maintain growth, face looming threats, or fail to reinvest wisely, limiting their future potential.
Restaurants are starting to see a drop in traffic and pressure from higher commodity prices and labor costs. So, it's no surprise restaurant stocks are down big this year, but the size of the drop in names like Cava and Chipotle are shocking.
Over the past six months, American Express Global Business Travel’s shares (currently trading at $7.84) have posted a disappointing 11.7% loss, well below the S&P 500’s 5% gain. This may have investors wondering how to approach the situation.
Investors focus on strategic stock picks amid market volatility. Traders make calculated decisions during earnings season. Freeport-McMoRan and American Express named top choices.
