The Dow Slows Down as More Earnings Come Outcontinued in freefall. It lost another -366.78 points today after a hard yesterday.
The Financial Stock You Wish You Had.
Wynn Resorts Hit Especially Hard Today. Americans are saving more than they're spending, and Wynn Resorts (WYNN) is having a hard time with that. They lost a further 16.61% today, leaving them down 46% year over year and just as much debt. Their earnings report indicated that pretty much everything that could go wrong, did. Wynn fell -21.67 points to close at $108.81.
Humana The Rare Example Of Bad Performance In Health Services. Just like Wynn, when the dollar is getting stronger the last thing a business wants is debt. Humana (HUM) is saddled with debt and competing against a bigger marketplace -- and that means falling share prices. Humana lost 7% on the news that it would miss earnings, although the sector has been so hot that they're still up 17% YTD. Humana closed down -13.10 points to $168.01 per share.
Brit's Currency Rally Gives Us A Reference for Fed Action. The fact that the Dow slows down when interest rates rise shouldn't take anyone by surprise at this point. That same phenomenon has been playing out in the UK for the past few weeks. The pound is gaining in value, and their markets have grown in streaks and troughs. Look for the same thing to happen here, as banking begins to make a comeback and consumer durables grow, while just about everything we use day to day gets cheaper -- and less profitable.
Salesforce is Growing as Big Data Goes Corporate. Salesforce (CRM) is the grandaddy of Customer Relationship Management software, which is used by big businesses to keep an eye on social media, targeted advertising, and high-tech customer record keeping. Salesforce posted a great Q1 earnings statement as more companies than ever seek to streamline -- and spy on -- customer relations. Shares of Salesforce rose over 5% in trading today, closing up 3.39 points to $70.28.
Published on Apr 29, 2015By Aaron Phillips