Sharon Bailey joined Market Realist in late 2014. She focuses on consumer stocks.
This month, Apple stock has fallen 5.3%, dragged down by US-China trade tensions' potential impact on key Apple products.
JCPenney (JCP) stock rose 14% in today's pre-market hours and was up 3.4% as of 2:19 PM ET after more disappointing earnings results.
Macy’s (M) weak fiscal 2019 second-quarter results pulled down its stock by 13.2% yesterday. Peer stocks, struggling due to online players, also fell.
Macy’s was down 14% as of 12:01 PM ET today after it announced a significant fall in its second-quarter earnings and lowered its full-year outlook.
The trade war with China eased today, as the US postponed the 10% tariff on $300 billion of some Chinese imports from September 1 to December 15.
Apple stock fell 1.5% in the week that ended on August 9. The escalation in the US-China trade war affected the tech giant and the broader market.
Macy’s (M) is set to declare its fiscal 2019 second-quarter earnings results on August 14. Analysts expect Macy’s sales and earnings to fall in the quarter.
Uber reported lower second-quarter results despite improving market conditions. Uber’s revenues grew 14% to $3.17 billion in the second quarter.
Predictions by investment bank UBS about Apple’s foldable iPhone or iPad seem to have drummed up interest in Apple stock.
Uber Technologies (UBER) stock was up today ahead of its second-quarter earnings results as rival Lyft (LYFT) raised its outlook for 2019.