Stocks couldn��t shake off early losses and all three major indexes ended lower on Thursday.
Bloomberg NewsThe Dow Jones Industrial Average lost 210.79 points, or 1.17%, to 17830.76. The S&P 500 Index fell 19.34 points, or 0.92%, to 2075.81. The Nasdaq slid 57.85 points, or 1.19%, to 4805.29.
Blue chips were dragged down by Apple�(AAPL): Just days after its disappointing earnings, billionaire Carl Icahn said he no longer has a stake in the stock.
From a data standpoint, First quarter gross domestic product grew 0.5%, below economists�� expectations, overshadowing an upbeat jobs report that saw unemployment fall to a four-decade low.
Stifel��s Lindsey Piegza writes that this could push out any interest rate hikes:
From a policy standpoint, should the U.S. economy post meaningful improvement between now and June, assuming the Fed��s concerns surrounding international ��risks�� are not reignited, policy makers appear well positioned to announce the second rate hike in less than two months�� time.� Of course, following this morning��s disappointing GDP report, it��s difficult to imagine a marked improvement in the economy over the next two months.� More likely, the combination of stagnant economic conditions, a still-restrained consumer, and ongoing concerns regarding risks of contagion from developments abroad �� whether directly identified in the statement or not �� will make it increasingly difficult for the Fed to raise rates once in the remaining nine months of 2016, if at all.
Top 5 Blue Chip Stocks To Invest In 2018: Arrow Electronics, Inc.(ARW)
Advisors' Opinion:- [By Lee Jackson]
This award-winning company looks poised to come in strong for the quarter. Arrow Electronics Inc. (NYSE: ARW) is a worldwide provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.
- [By Stephan Byrd]
Arrow Electronics (NYSE:ARW) was downgraded by analysts at Zacks Investment Research from a buy rating to a hold rating. According to Zacks, “Arrow Electronics reported better-than-expected results for first-quarter 2018. The figures also came above the mid-point of the company’s guidance ranges and marked year-over-year improvement. Moreover, the electronic component distributor provided an optimistic guidance for second-quarter 2018. We believe that the company’s core strength in providing best-in-class services and easy-to-acquire technologies should drive growth in the long run. Moreover, the company has secured a significant market share through a broad portfolio of products and services, and continued efforts to maximize consumer satisfaction. Additionally, incremental sales from strategic acquisitions and partnerships are expected to boost the top line. However, an uncertain economic environment, high debt burden and competition remain the concerns. Notably, the stock has outperformed the industry in the last one year.”
Top 5 Blue Chip Stocks To Invest In 2018: CNH Industrial N.V.(CNHI)
Advisors' Opinion:- [By Joseph Griffin]
ETRADE Capital Management LLC bought a new position in shares of CNH Industrial (NYSE:CNHI) in the 1st quarter, Holdings Channel reports. The fund bought 17,752 shares of the company’s stock, valued at approximately $220,000.
Top 5 Blue Chip Stocks To Invest In 2018: Atlas Energy, L.P.(ATLS)
Advisors' Opinion:- [By Max Byerly]
Atlas Energy Group (OTCMKTS: ATLS) and Transglobe Energy (NASDAQ:TGA) are both small-cap oils/energy companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, institutional ownership, profitability, valuation, risk, dividends and earnings.
Top 5 Blue Chip Stocks To Invest In 2018: Samsung Electronics Co. Ltd. (SSNLF)
Advisors' Opinion:- [By Ashraf Eassa]
For years now, chip giant�Intel�(NASDAQ:INTC) has talked about how it hopes to compete in the contract chip manufacturing market dominated by�Taiwan Semiconductor Manufacturing Company�(NYSE:TSM) and�Samsung�(NASDAQOTH:SSNLF).
- [By SEEKINGALPHA.COM]
I know this sounds to many of the readers who like to hate Apple for everything they do like shady behavior, but ask yourself this, where can you go to replace a Samsung (OTC:SSNLF) or an HTC battery? The fact of the matter is that Apple is offering a useful service that will allow users to prolong the use of their existing phone and in the process it is getting an extra opportunity to market to this consumer.
- [By Leo Sun]
The decision to block Qualcomm from supplying chips to ZTE also leaves the door wide open for rival chipmakers like Taiwan's MediaTek and China's own HiSilicon (a subsidiary of Huawei) to fill the void. Samsung (NASDAQOTH: SSNLF), which has been itching to sell its Exynos SoCs to third-party device makers, could also swoop in.
Top 5 Blue Chip Stocks To Invest In 2018: Southern Missouri Bancorp, Inc.(SMBC)
Advisors' Opinion:- [By Joseph Griffin]
Southern Missouri Bancorp (NASDAQ:SMBC) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.
- [By Joseph Griffin]
Keefe, Bruyette & Woods initiated coverage on shares of Southern Missouri Bancorp (NASDAQ:SMBC) in a research note issued to investors on Thursday. The brokerage issued a market perform rating on the savings and loans company’s stock.
- [By Joseph Griffin]
Southern Missouri Bancorp (NASDAQ: SMBC) and First Connecticut Bancorp (NASDAQ:FBNK) are both small-cap finance companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, institutional ownership, risk and dividends.
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