Kylie Jenner, Not COVID-19, Is to Blame for the S&P 500’s Weakest Stock

The worst-performing stock in the entire S&P 500 is Coty Inc. Despite a massive recovery in rivals like Estee Lauder and L’Oreal, the beauty company has hugely unperformed the U.S. stock market. Controversy surrounding Kylie Jenner is likely the cause; can a partnership with Kim Kardashian-West save the day? After tumbling 60% from its open …

The Stock Market Is Looking Bullish – So Why Don’t Americans Agree?

Expectations of higher stock prices fell in May, according to the Fed’s consumer expectations survey. Consumers see a mean probability of less than 50% that stock prices will be higher a year from now. Consumer sentiment about the stock market is dipping as analyst sentiment grows stronger. When the U.S. stock market started to rebound …

Zoom Stock’s Surge Is Bad News for the Economy — Here’s Why

While the S&P 500 is still down about 6% year-to-date, Zoom’s shares have tripled in value. Zoom’s popularity has exploded due to shelter-in-place orders. Zoom keeps soaring despite investors being optimistic about the economy. Zoom Video Communications’ (NASDAQ:ZM) stock price was on an uptrend before the pandemic started. But the outbreak pushed shares higher as …

Wild Stock Market Has a Bottom. That’s When the Panic Really Begins

The stock market is facing an “important test” according to Fidelity strategists. The S&P needs to hold 2,500 or stocks will careen back to the March 23 low, or even further. Morgan Stanley is confident we won’t go below that level and is aggressively buying the dips. We’ve just witnessed the fastest crash in the …