With a number of mega cap technology and communication stocks struggling to maintain positive momentum after their recent gains, Alphabet Inc. (GOOGL) appears to be separating itself from the pack. With a decisive move above the 200-day moving average this week, there could be much further upside for this tech giant. The bullish case for GOOGL really started back at the April low, where the stock reached an oversold condition as it retested key support from May 2024. Subsequent lows in April and early May confirmed this support level, and suggested limited downside beyond what had already played out. Over…
Author: usaeverydaylife
WASHINGTON — Republicans in the U.S. House of Representatives came together early Thursday to pass President Donald Trump’s “big, beautiful” tax bill out of the chamber on a narrow vote.Every Democrat on the floor voted no, as did Republican Reps. Warren Davidson of Ohio and Thomas Massie of Kentucky. Rep. Andy Harris, R-Md., who chairs the conservative House Freedom Caucus, voted present. The final vote tally was 215-214.The passage was a major victory for Republican leaders, who spent the past two months crafting the bill and the past two days making last-minute changes to it. The more than 1,000 pages of…
Hinge Health signage outside the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, US, on Thursday, May 21, 2025. Michael Nagle | Bloomberg | Getty ImagesShares of Hinge Health popped in their debut on the New York Stock Exchange on Thursday after the digital physical therapy company raised about $273 million in its IPO.The stock opened at $39.25, rising 23% from its $32 IPO price. Hinge sold 8.52 million shares in the offering, while the total offering was for 13.7 million shares, with the balance being sold by existing shareholders.Hinge, founded in 2014, uses software…
Check out the companies making headlines in midday trading. Advance Auto Parts — Shares skyrocketed 55% following a better-than-expected report from the car part retailer. The company lost an adjusted 22 cents per share in the third quarter, narrower than the loss of 82 cents per share anticipated by analysts polled by LSEG. Revenue came in at $2.58 billion, ahead of Wall Street’s $2.50 billion forecast. Health insurance stocks — Shares fell after the Centers for Medicare & Medicaid Services announced an aggressive expansion of Medicare Advantage audits. Humana dropped more than 4.9%, while CVS Health lost more than 1%.…
Thomas Fuller | SOPA Images | Lightrocket | Getty ImagesSnowflake raised its fiscal 2026 forecast for product revenue on Wednesday, betting on strong demand for its data analytics services as enterprises prioritize artificial intelligence spending.The company’s shares rose 6% to $190.09 in extended trading after it topped first-quarter results estimates and forecast current-quarter revenue above expectations. Snowflake’s stock has risen 16% so far this year.Snowflake’s push to integrate artificial intelligence into its cloud through partnerships with OpenAI and Anthropic allows customers to build and run more advanced AI models to streamline large swathes of data.The company is also benefiting from…
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh: One sector that’s been down and out for most of this year has been energy. These stocks have not participated. Many of the blue chip names in the space have completely missed out on the rally this spring. So I thought it might be interesting to look at some of the better stocks in the energy sector as a prelude to a possible rotation. It’s been my experience that paying attention to good stocks in a bad…
U.S. Speaker of the House Mike Johnson (R-LA) speaks to the media after the House narrowly passed a bill forwarding President Donald Trump’s agenda at the U.S. Capitol on May 22, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesHouse Republicans on Thursday advanced a multi-trillion-dollar tax and spending package that could have sweeping impacts on household finances.If enacted, the legislation — called the “One Big Beautiful Bill Act” — could make permanent President Donald Trump’s 2017 tax cuts, while adding new provisions that could significantly overhaul student borrowing, health savings accounts and car ownership, among other changes.With control of…
Snowflake Inc. signage on the floor of the New York Stock Exchange in New York, US, on Jan. 2, 2025.Michael Nagle | Bloomberg | Getty ImagesSnowflake shares jumped 12% on Thursday, climbing to their highest level since early last year after the data analytics company reported better-than-expected quarterly results.Revenue in the fiscal first quarter of 2026 jumped 26% to $1.04 billion from $828.7 million a year earlier, and topped the $1.01 billion average LSEG estimate. It’s the first time the company, which went public in 2020, has recorded more than $1 billion in sales in a quarter.Adjusted earnings per share…
President Donald Trump’s tariffs are designed to provide incentives to bring manufacturing jobs back to the United States, but the goal isn’t as feasible as it appears, according to an analysis from Wells Fargo. Moving factory work back to the U.S would mean a significant increase in labor costs, which many companies simply could not afford, the Wall Street bank said. Even if they are willing to absorb or pass the higher prices onto consumers, companies are challenged by an already tight labor market for production workers. “A meaningful increase in factory jobs does not appear likely in the foreseeable…
Herbert Stein was an American economist and chairman of the Council of Economic Advisers under Presidents Richard Nixon and Gerald Ford. He coined “Stein’s Law,” which states: “If something cannot go on forever, it will stop.” Nobody told Congress, which controls the nation’s purse strings. The U.S. debt continues to rise by ever larger amounts. The chart below illustrates that the aggregate of U.S. debt is ~ 1.3x the size of the U.S. economy. The debt is larger relative to the economy now than it was at the end of World War II. The debt percentage would fall at that…
