Wall Street bets on continued rally as markets hit records
The Dow and S&P 500 rose to fresh highs on Monday prompting analysts to debate the rally. Ari Wald expects further gains as disbelief and fear of missing out remain, while Michael Pento warns of overvaluation near all time highs. Second quarter earnings face a 4.5% decline, marking a fourth straight quarter of negative profit growth.
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SigFig analysis tracks nationwide online investors portfolio data
More than half a million investors with total assets of 200 billion dollars manage portfolios online using SigFig. The data presented on this page are based on SigFig analysis of investment activity, including five day and six month averages and identifying largest holders, most bought and most sold assets.
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Cal-Maine Foods Posts Loss Amid Stable Egg Shares
Cal-Maine Foods reports an adjusted quarterly loss per share reversing a year-ago gain while shares remain steady. The company beat expectations for a larger loss, and Netflix signs a global CBS deal to stream a new Star Trek series as investors await Q2 results.
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Netflix
CBS
Yahoo stock rises as asset sale details loom
The struggling online media company saw shares edge up as investors await details on asset sale progress late Monday and ahead of the earnings report due, signaling cautious optimism about potential recovery.
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Yahoo
Hasbro Stock Rises Then Dips After Strong Quarter
Hasbro shares fell 6 percent to about 80 while reporting 41 cents a share in adjusted profit, beating expectations by 5 percent. The stock has surged 19 percent this year though trading above 23 times trailing earnings, sparking mixed outlook from analysts who see potential for another 9 percent gain in 18 months but urge a hold.
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Netflix shares plunge after subscriber miss and price hike
Netflix reports 1.7 million new subscribers in Q2, below expectations, lifting total to 83.2 million. US subs reach 47 million as a $2 price increase deters some customers. CEO Reed Hastings cites churn and grandfunding pricing strategy, while earnings beat on per share but revenue misses.
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Netflix
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Amazon Prime Video
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Wall Street
Netflix subscriber growth slows amid steady US reach
Netflix reports 83.2 million subscribers with slower momentum in the United States and globally. Analysts note millions added previously, raising questions about near term gains and market saturation.
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U.S
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