Consumer Stocks Looking at a Lower Close

Consumer Stocks Looking at a Lower Close

Consumer shares were pointing to a lower close for Monday’s session. In consumer stocks news, Tesla (TSLA) rose 1.9% after after Toyota (TM) reportedly said it sold its entire stake in Tesla, marking the end of a collaboration between the two companies. Toyota bought a $50 million stake in Tesla in 2010 and produced a car jointly with Tesla in 2011. It recently spun up its own electric car division […]

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Consumer Stocks Extend Gains

Consumer Stocks Extend Gains

Consumer stocks were trending higher Friday afternoon, with shares of consumer staples companies in the S&P 500 advancing about 0.6% while shares of consumer discretionary firms in the S&P 500 were posting a 0.7% gain. In company news, shares of the Sportsman’s Warehouse (SPWH) were sharply higher on Friday, climbing over 25% to reach a session high of $5.94 a share in recent trade after the outdoors equipment retailer late […]

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Amazon.com Touches New Record High

Amazon.com Touches New Record High

Amazon.com shares climbed more than 1% intraday, touching their highest level ever, after billionaire investor Mark Cuban told CNBC the company was his biggest holding. Shares of Facebook, Alphabet and Amazon also climbed after Cuban said the so-called FANG stocks are undervalued and their “incredible run is just getting started”. Cuban noted Amazon is the ultimate Artificial Intelligence company. “They want to know what you need and when you need […]

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MidSouth Bancorp Shares Rise to 2-Year High

MidSouth Bancorp Shares Rise to 2-Year High

MidSouth Bancorp shares rose to their highest level since early 2015 on Thursday after the company said that as part of a transition plan already underway to improve performance, the board of has terminated Clive Cloutier as CEO of the holding company and Troy Cloutier as CEO of MidSouth Bank. MSL was up 12% at $16.19 recently, trading in a new 52-week range between $9.01 and $16.25. Jim McLemore, currently […]

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NVIDIA Integrates Platform with Baidu Cloud Service

NVIDIA Integrates Platform with Baidu Cloud Service

Shares of NVIDIA were up over 2% Monday after the graphics chipmaker said its deep learning platform is now available as part of Baidu (BIDU) Cloud’s deep learning service, providing enterprise customers with instant access to artificial intelligence from Baidu Cloud. “Baidu Cloud Service powered by NVIDIA’s deep learning software and Pascal GPUs will help our customers accelerate their deep learning training and inference, resulting in faster time to market […]

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