This 141-Year-Old Retailer Is Outperforming Amazon
Forget tech behemoths. This old stock is expanding faster while raising dividends. Believe it or not, it has handily beaten Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can set yourself up for future profits and income with this stock, plus more.Get access for just $0.99.
Toward the end of trading Thursday, the Dow traded down 0.04% to 27208.63 while the NASDAQ rose 0.09% to 8,192.56. The S&P also rose, gaining 0.23% to 2,991.30.
Leading and Lagging Sectors
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Consumer staples shares rose 0.9% on Thursday. Meanwhile, top gainers in the sector included Neptune Wellness Solutions Inc. (NASDAQ:NEPT), up 20%, and Philip Morris International Inc. (NYSE:PM), up 9%.
In trading on Thursday, communication services shares fell 1.1%.
Top Headline
Morgan Stanley (NYSE:MS) reported better-than-expected earnings for its second quarter.
Morgan Stanley reported second-quarter earnings of $1.23 per share, which beat the analyst consensus estimate of $1.16. The company reported quarterly sales of $10.244 billion, which beat the analyst consensus estimate of $10.03 billion.
Equities Trading UP
Exela Technologies, Inc. (NASDAQ:XELA) shares shot up 19% to $2.4667 after Handson Global Management proposed to acquire all of the outstanding equity in the company.
Shares of Outlook Therapeutics, Inc. (NASDAQ:OTLK) got a boost, shooting up 27% to $2.4811 after H.C. Wainwright initiated coverage on the company's stock with a Buy rating and an $8 price target.
Co-Diagnostics, Inc. (NASDAQ:CODX) shares were also up, gaining 40% to $1.25 after the company reported 'favorable' results from its study to detect cancer mutations using its CoPrimer technology.
Equities Trading DOWN
ADTRAN, Inc. (NASDAQ:ADTN) shares tumbled 23% to $12.24 after the company reported preliminary results for the second quarter.
Shares of Insteel Industries, Inc. (NASDAQ:IIIN) were down 13% to $18.35 after the company reported worse-than-expected Q3 EPS and sales results.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Eagle Bancorp, Inc. (NASDAQ:EGBN) was down, falling 20% to $42.71 after reporting downbeat Q2 results.
Commodities
In commodity news, oil traded down 3.3% to $54.91, while gold traded up 0.7% to $1,433.60.
Silver traded up 1.7% Thursday to $16.24, while copper fell 0.3% to $2.7075.
Euro zone
European shares closed mostly lower today. The eurozone’s STOXX 600 slipped 0.22%, the Spanish Ibex Index fell 0.63%, while Italy’s FTSE MIB Index gained 0.05%. Meanwhile, the German DAX declined 0.92%, and the French CAC 40 fell 0.38% while UK shares fell 0.56%.
Economics
U.S. initial jobless claims rose 8,000 to 216,000 in the latest week. However, economists were expecting a reading of 216,000.
The Philadelphia Fed manufacturing index rose to a reading of 21.8 in July, compared to 0.3 in June.
The index of leading economic indicators declined 0.3% for June.
Domestic supplies of natural gas climbed 62 billion cubic feet for the week ended July 12, the U.S. Energy Information Administration reported. However, economists projected a gain of 65 billion cubic feet.
Data on money supply for the latest week will be released at 4:30 p.m. ET.
This 141-Year-Old Retailer Is Outperforming Amazon
Forget tech behemoths. This old stock is expanding faster while raising dividends. Believe it or not, it has handily beaten Amazon’s 117% run since 2019. By reading Benzinga’s latest insider-only report, you can set yourself up for future profits and income with this stock, plus more.Get access for just $0.99.