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Yahoo BusinessJul 23, 2021
Cheap Stocks To Buy: Should You Watch These 5 Growth Stocks?


MarketWatchJul 23, 2021
NewsWatch: U.S. stocks rise to all-time highs, as Dow closes above 35,000 for first time
Stocks finish at record highs Friday, with the Dow Jones Industrial Average index closing above 35,000 for the first time, and the S&P 500 and Nasdaq Composite also at new highs, as investors cheer corporate earnings reports and brush off worries about the delta variant of the coronavirus slowing the economic recovery.

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Market Snapshot: U.S. stocks rise to all-time highs, as Dow closes above 35,000 for first time (MarketWatch)

MarketWatch Breaking NewsJul 23, 2021
Jeff Reeves says these 5 e-commerce stocks are better plays than 'tired' Amazon
Jeff Reeves says these 5 e-commerce stocks are better plays than 'tired' Amazon

MarketWatch MarketPulseJul 23, 2021
Oil futures finish higher for the session and week
Oil futures edged higher on Friday, with prices shaking off a steep loss on Monday to end the week with a gain. Oil prices had plunged in the early part of the week on "concerns that rising global delta variant infection rates could undermine the economic rebound," or slow it down, said Michael Hewson, chief market analyst at CMC Markets UK. These worries haven't gone away, but even with the new OPEC agreement to raise output, there are still "residual concerns" that the market "could see supply struggle to keep up with demand, hence the recovery in prices heading into the weekend," he said. West Texas Intermediate crude for September delivery tacked on 16 cents, or 0.2%, to settle at $72.07 a barrel on the New York Mercantile Exchange. For the week, prices based on the front-month contract prices rose 0.7%, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 23, 2021
Domino's stock pulls back after long-time bullish analyst said price is 'just too high' to buy
Shares of Domino's Pizza Inc. pulled back 3.2% in afternoon trading Friday, after analyst John Ivankoe at J.P. Morgan backed away from his long-time bullish stance on the pizza seller. "Price just too high, believe now is time to step away from shares," Ivankoe wrote, as he downgraded the stock to neutral after being at overweight since March 2019. The downgrade comes a day after the stock shot up 14.6% close at a record $538.82 on Thursday, after Domino's beat profit and revenue expectations, and announced a new $1 billion stock repurchase program. Still, Ivankoe raised his price target on the stock to $530, which is now 1.6% above current prices, from $425. He said current valuations are at the higher end of the typical multiple range for Domino's stock. "[A]t this point, we don't believe a sustained higher multiple or higher earnings relative to our optimistic assumptions warrants a risk of further upside in the stock beyond current levels," Ivankoe wrote. The stock has rallied 36.0% year to date, while the SPDR Consumer Discretionary Select Sector ETF has gained 14.0% and the S&P 500 has advanced 17.4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 23, 2021
Outbrain shares up 1.6% in trading debut after IPO priced below range
Shares of New York-based online content recommendation company Outbrain Inc. rose 1.6% in their trading debut Friday, after the company's initial public offering priced at $20 a share, below the $24 to $26 price range. The company sold 8 million shares to raise $160 million at a valuation of $1.07 billion. The stock is trading on the Nasdaq under the ticker symbol "OB." Citigroup, Jefferies, Barclays and Evercore ISI led a group of seven underwriters. The company recorded net income of $4.4 million on revenue of $767.1 million in 2020, after a loss of $20.5 million on revenue of $687.3 million in 2019. The Renaissance IPO ETF is down 3% in the year to date, while the S&P 500 has gained 17%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch Breaking NewsJul 23, 2021
The stock market rotation is entering Round 4. What investors should do next
The stock market rotation is entering Round 4. What investors should do next

MarketWatch MarketPulseJul 23, 2021
SpaceX wins NASA contract to be part of Jupiter's moon program
Space Exploration Technologies Corp., or SpaceX, won a $178 million NASA contract to provide launch services for the first mission to Jupiter's moon Europa. The mission, called Europa Clipper, will launch in October 2024 on a Falcon Heavy rocket from the NASA's Kennedy Space Center in Florida, NASA said. The goal is to "conduct a detailed survey of Europa and use a sophisticated suite of science instruments to investigate whether the icy moon has conditions suitable for life." Privately held Space X is led by Tesla Inc. Chief Executive Elon Musk.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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