New all-time closing highs for Dow, Nasdaq, and S&P – News Couple

New all-time closing highs for Dow, Nasdaq, and S&P

You are reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Market indices rose again across the board on Monday, with three of the four majors reaching all-time new closing levels: Dow Jones Hit 40 this year so far, +0.26% to 35,913; The Nasdaq has done almost well overall – a record 39 closing high this year, +0.63% to just under 15,596; The S&P 500 hit a record high of 2021 today – with about 8 more weeks of trading for the year – +0.18% on the day.
Small cap Russell 2000 is the only one of the four major indices that didn’t hit a new all-time closing high today, but it’s only two points above. This indicator reached an all-time high in March of this year. That day, Russell crushed the competition, +2.65%.
Tesla It gave the biggest boost to both Nasdaq and Standard & Poor’s today, as the electric vehicle giant gained another +8.5% in its stock value today, based on no news. CEO Elon Musk’s company, which currently ranks him as the richest person on Earth, has grown +54.6% in the past month alone, +76.5% over the past six months alone, and +201.8% from this time last year. Understandably, it has a Zacks Value Score of F but a Zacks Growth Score of A.
Zacks rating #1 (strong buy) Avis Budget Group CAR Estimates on both the top and bottom lines were demolished after today’s closing bell, reporting $10.74 per share on $3.00 billion in quarterly sales. These numbers are in another orbit of expectations at $6.90 per share and $2.81 billion, respectively. The top line growth is up to +116% YoY.
On the other side of things, Zacks is rated #5 (strong sell) Clorox CLX It also easily beat the consensus estimates this afternoon. Earnings of $1.21 per share beat the expected $1.01, on revenue of $1.81 billion that beat the $1.70 billion that analysts were looking for. Its gross margin of 37% was also higher than expected. As a result, Clorox shares were up 5.2% in late trading Monday.
However, one of the companies that was very successful at the end of the session, is the education technology company Chegg CHGG, which brought in estimates of 20 cents a share but missed slightly on the top line — $171.9 million versus the forecast $173.7 million. But the reason the company’s stock is down -22% in today’s aftermarket is the big drop in revenue estimates for the current year: It’s now down to $762 million from Zacks’ previous consensus of $812.75 million.
Questions or comments about this article and/or its author? Click here >>

– Zacks

Infrastructure stock boom to sweep America

A massive push to rebuild America’s crumbling infrastructure will soon begin. It is certain, urgent and inevitable. Trillions will be spent. fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a special report to help you do just that, and it’s free today. Discover 7 private companies looking to get the most from construction and repairs to roads, bridges and buildings, as well as transporting goods and transforming energy on an almost unimaginable scale.

Free download: How to profit from trillions of infrastructure spending >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 of the best stocks for the next 30 days. Click for this free report

Avis Budget Group, Inc. (CAR): Free Stock Analysis Report

The Clorox Company (CLX): Free Stock Analysis Report

Tesla, Inc. (TSLA): Free Stock Analysis Report

Chegg, Inc. (CHGG): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 of the best stocks for the next 30 days. Click for this free report

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button