Latest news with #SPX
Business Insider
9 hours ago
- Business
- Business Insider
Stock Market News Review: SPY, QQQ Slip as Recession Signal Flashes, Fed Officials Split on Rate Cuts
Both the S&P 500 (SPX) and Nasdaq 100 (NDX) closed the Friday trading session in the red as geopolitical and economic uncertainty continue to persist. Confident Investing Starts Here: The market received a morning boost after President Trump announced on the Juneteenth holiday that the U.S. would hold off from striking Iran's nuclear facilities for two weeks to allow a window for negotiations. However, those gains were quickly erased after The Conference Board's Leading Economic Index (LEI) flashed a recession signal. The LEI has fallen by 2.7% for the six months ended May, with its annualized six-month growth rate dropping below -4.1%, one of the two requirements that trigger a recession warning. The other requirement occurs when the six-month diffusion index reaches or drops below 50, which signals that most of the components within the LEI are falling. The components include manufacturing, labor market, sentiment, and credit statistics, among others. The recession indicator isn't perfect, although it did precede the recessions of 2000 and 2008 while issuing false signals in 2022, 2023, and 2024. Meanwhile, chip and AI stocks took a hit after a Wall Street Journal report that the U.S. Department of Commerce (DOC) is planning on restricting Samsung, SK Hynix, and Taiwan Semiconductor's (TSM) access to American chip-making technology in their Chinese factories. The three companies currently enjoy a blanket waiver on moving U.S. chip-making equipment to their Chinese facilities, although DOC export controls head Jeffrey Kessler has informed them that the waivers could be cancelled. The policy hasn't been set in stone yet, however. In interest rate news, Fed officials are split on when to cut rates sooner or later. Fed Governor Christopher Waller supports a rate drop as soon as July while Richmond Fed President Thomas Barkin doesn't see a rush for lower rates while the labor market and consumer spending remain healthy. 'I don't think the data gives us any rush to cut… I am very conscious that we've not been at our inflation target for four years,' said Barkin in an interview with Reuters.
Yahoo
16 hours ago
- Business
- Yahoo
Is Ulta Beauty Stock Outperforming the S&P 500?
Bolingbrook, Illinois-based Ulta Beauty, Inc. (ULTA) operates as a specialty beauty retailer in the United States. With a market cap of $21.2 billion, the company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, and professional hair products. Companies worth $10 billion or more are typically referred to as "large-cap stocks." ULTA fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the specialty retail industry. ULTA benefits from selling more than 25,000 products from about 500 well-established and emerging beauty brands across all categories and price points. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Despite its strengths, the stock has plunged 3.8% from its 52-week high of $491.98 touched on May 30. Moreover, over the past three months, ULTA stock has grown 37.7%, outperforming the S&P 500 Index's ($SPX) 6.5% uptick during the same time frame. ULTA stock has grown 8.9% on a YTD basis, outperforming SPX's 1.7% uptick in 2025. Moreover, ULTA has surged 23.8% over the past 52 weeks, outperforming SPX's 9% gains. To confirm its bullish trend, ULTA has been trading above its 200-day and 50-day moving averages since late April. On May 29, ULTA stock rose 1.2% following the release of its Q1 earnings. The company reported a 4.5% year-over-year rise in its net sales, which amounted to $2.8 billion, mainly driven by increased comparable sales and new store contribution, and surpassed the Street's estimates. Its gross profit increased 4.2% from the prior year's quarter to $1.1 billion as well. ULTA's adjusted EPS for the quarter came in at $6.70, surpassing the consensus estimates by 16.1%. Within the specialty retail arena, rival Williams-Sonoma, Inc. (WSM) has declined 13.4% in 2025 and rose marginally over the past year, underperforming the stock. Among the 27 analysts covering the ULTA stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $480.56 suggests a modest 1.5% upside potential from current price levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Is Regions Financial Stock Outperforming the S&P 500?
Birmingham, Alabama-based Regions Financial Corporation (RF) is a financial holding company that provides banking and bank-related services to individual and corporate customers. With a market cap of $19.4 billion, the company provides consumer and commercial banking, wealth management, credit life insurance, leasing, commercial accounts receivable factoring, specialty mortgage financing, and securities brokerage services. Companies worth $10 billion or more are generally described as 'large-cap stocks,' and RF perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the regional banks industry. The company boasts a strong regional presence, diversified revenue streams, and improved efficiency. Its robust capital position enhanced digital capabilities, and diversified loan portfolio supports long-term growth. RF's experienced management, disciplined risk management, and customer-centric approach further solidify its competitive edge. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Despite its notable strength, RF shares slipped 21.5% from their 52-week high of $27.96, achieved on Nov. 25, 2024. Over the past three months, RF stock has gained 2.2%, underperforming the S&P 500 Index's ($SPX) 6.5% rise during the same time frame. In the longer term, shares of RF dipped 6.6% on a YTD basis, underperforming SPX's YTD gains of 1.7%. However, the stock climbed 15.7% over the past 52 weeks, outperforming SPX's 9% returns over the last year. To confirm the bullish trend, RF has been trading above its 50-day moving average since early May. However, it has been trading below its 200-day moving average since early March. RF has outperformed due to its strong presence in growing regional economies, with over 30% of deposits coming from noninterest-bearing sources. The stock is up nearly 145% in the last five years, and stands to benefit from deregulation under the Trump administration, allowing for more lending and potential mergers and acquisitions in the regional bank space. On Apr. 17, RF shares closed up marginally after reporting its Q1 results. Its adjusted EPS of $0.54 beat Wall Street expectations of $0.51. The company's adjusted revenue was $1.81 billion, missing Wall Street forecasts of $1.82 billion. RF's rival, PNC Financial Services Group, Inc. (PNC) shares lagged behind the stock, with a 9.1% downtick on a YTD basis and a 13.5% gain over the past 52 weeks. Wall Street analysts are moderately bullish on RF's prospects. The stock has a consensus 'Moderate Buy' rating from the 25 analysts covering it, and the mean price target of $24.74 suggests a potential upside of 12.7% from current price levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Is Huntington Bancshares Stock Outperforming the S&P 500?
Valued at a market cap of $23 billion, Huntington Bancshares Incorporated (HBAN) is a bank holding company headquartered in Columbus, Ohio. It offers a comprehensive range of financial services, including commercial and consumer banking, mortgage lending, vehicle, equipment, and distribution finance, treasury management, wealth and investment management, and capital markets services. Companies worth $10 billion or more are typically classified as 'large-cap stocks,' and HBAN fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the banks - regional industry. The company's strengths lie in its strong regional dominance in the Midwest, supported by a large branch network and a well-diversified financial services portfolio that caters to both retail and commercial clients. Its customer-centric approach, digital innovation, and strong risk management framework help drive consistent loan growth and client retention. 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Archer Aviation Is Betting Big on Its Fledgling Defense Business. Does That Make ACHR Stock a Buy Here? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! This bank holding company is currently trading 14.7% below its 52-week high of $18.45, reached on Nov. 25, 2024. HBAN has surged 6.6% over the past three months, slightly outpacing the S&P 500 Index's ($SPX) 6.5% return during the same time frame. Moreover, in the longer term, HBAN has rallied 26.2% over the past 52 weeks, outpacing SPX's 9% rise over the same time frame. However, on a YTD basis, shares of HBAN are down 3.3%, lagging behind SPX's 1.7% uptick. To confirm its recent bullish trend, HBAN has been trading above its 50-day moving average since early May. The stock's current price level is mirroring its 200-day moving average, indicating stability. On Apr. 17, shares of HBAN closed up more than 3% after its strong Q1 earnings release. Due to higher interest income and a decline in interest expenses, the company's adjusted net interest income improved 10.8% year-over-year, reaching $1.4 billion. Moreover, its revenue net of interest expense advanced 9.5% from the year-ago quarter to $1.9 billion, exceeding the consensus estimates by 2.1%. Meanwhile, its EPS of $0.34 grew 30.8% from the same period last year and came in 9.7% above Wall Street expectations. Key performance drivers included growth in average total deposits, expansion in average loans and leases, an improved net interest margin, and increased operating efficiency, as reflected in a lower efficiency ratio. HBAN has outpaced its rival, M&T Bank Corporation's (MTB) 23.8% rise over the past 52 weeks and 3.4% decline on a YTD basis. Looking at HBAN's recent outperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 21 analysts covering it, and the mean price target of $17.75 suggests a 12.8% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
CNBC
3 days ago
- Business
- CNBC
Ownership of stocks by households is near a record. Why that could be a bad thing
Household ownership of the U.S. stock market is near a record, but that could be a worrisome development, according to Ned Davis Research. Individual investors are the largest owner of stocks, having allocated roughly 48% of their assets to equities in the first quarter, analyst London Stockton said in a note. The comeback rally of the last two months could be attributed in part to a strong retail presence in the stock market. However, the current level of households buying in at a time when the S & P 500 is near its record high should concern investors, even if the most immediate trend remains bullish. "In the near term, short-term sentiment had gotten extremely oversold in April and the trend is bullish with many of our models and indicators either bullish or neutral at worst," Stockton wrote. "But along with high valuations, high investor allocation to stocks doesn't leave much room for future buying," Stockton said. "Any change in investor preference could also send the market lower." .SPX YTD mountain S & P 500, year to date That's not the only corner of the market with the potential for selling pressure. Apollo chief economist Torsten Slok noted that record-high foreign ownership of the U.S. equity market, of 18%, could fall in the near future if the trade deficit is eliminated. "Foreigners selling goods to the US receive dollars in return, which are then used to purchase US assets, including US equities," Slok wrote. "If the trade deficit is eliminated, there will be fewer dollars for foreigners to recycle into the S & P 500." On Wednesday, all three major averages were higher ahead of the Federal Reserve's interest rate decision, even as investors continue to wade through trade uncertainty and the rising conflict between Israel and Iran.
