Markets See First Weekly Gain in Three, Jobs Data (AAPL, KKD)

Weekly Wrap Up

Throughout the week investors anxiously awaited several economic reports and any reaction from the Fed about scaling back its bond purchasing program. It was announced on Monday that manufacturing activity slowed to the lowest rate in four years, and later it was reported that jobless claims rose slightly and hiring slowed in May.

Apple (AAPL: Charts, News) struggled for a few days before rallying on Friday.
Dollar General (DG: Charts, News) tumbled almost 10% on Tuesday after cutting its yearly forecast. The major indices were able to pull of a weekly gain for the first time in three weeks. More Market News

Economic News

The Unemployment News is Worse for Many
The economy may be slowly on the mend and jobs may be gradually coming back, but the unemployment picture is still dim for many Americans, according to the latest figures. (Source: Forbes) Click here to read the full article
Oil Rises Above $95, Tracking Stock Market
The price of oil jumped back above $95 Friday, following stock markets higher after the U.S. government reported that May was another month of steady job growth. (Source: Yahoo!) Click here to read the full article

Business News

Five Stocks to Watch in June
Stocks continued to climb in May, finishing the month once more at new record highs. The Federal Reserve hinted at slowing down its asset purchases and even an end to quantitative easing, which put some pressure on stocks and other risk assets. Nevertheless, the U.S. Dollar continued strengthening in May putting pressure on precious metals and other commodities prices. Below find five stocks to watch in June. (Source: InvestorGuide) Click here to read the full article
Shares of Krispy Kreme Doughnuts Are Piping Hot
Shares of Krispy Kreme Doughnuts (KKD: Charts, News) surged last Friday, after the company reported first quarter earnings that topped analyst estimates and followed up with lofty guidance. (Source: InvestorGuide) Click here to read the full article
Guess Rallies on Healthy Guidance for Fiscal 2014
Shares of apparel retailer Guess (GES: Charts, News) rallied last week after the Los Angeles-based retailer reported better-than-expected profit for its first quarter. (Source: InvestorGuide) Click here to read the full article

Technology Focus

Amazon Goes on the Offensive Against Netflix
E-commerce giant Amazon (AMZN: Charts, News) recently announced that it plans to release five new exclusive television series for its Amazon Prime Instant Video service later this year. For most industry watchers, this is a direct response to Netflix (NFLX: Charts, News), which also started producing its own lineup of exclusive shows, such as House of Cards. (Source: InvestorGuide) Click here to read the full article
Palo Alto Networks Plunges on Revised Guidance
Shares of network security systems maker Palo Alto Networks (PANW: Charts, News) plunged last week, after the company issued a revenue forecast that missed Wall Street expectations. (Source: InvestorGuide) Click here to read the full article

Your Money

8 Questions That Keep Great Entrepreneurs Up At Night
Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. (Source: Forbes) Click here to read the full article
Hindenburg Omen: Explosive Market Indicator or Just Hot Air?
Oh the humanity, Damien! No, the "Hindenburg Omen" isn’t a mid-1970s movie mashup where a pint-sized Antichrist causes a Zeppelin to explode. Rather, it’s a mashup of technical indicators that’s meant to signal a high probability that the stock market will crash and burn. (Source: MarketWatch) Click here to read the full article
Published on Jun 7, 2013
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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