My top 10 things to watch Tuesday, May 21 Wall Street is set for a muted open Tuesday after the Nasdaq closed at a record to kick off the week. The S & P 500 also touched a record during the session before closing flat. My trusted momentum indicator, the S & P 500 Short Range Oscillator , remains overbought but far below the extreme levels we saw last week. Palo Alto Networks is better than it looks.
is better than it looks. Billings is not the correct metric, and the sellers of the cybersecurity Club stock on a modest quarter are missing the big picture. It's all about remaining performance obligations and new clients, which are incredibly robust as seen in. Palo Alto also bought back $500 million worth of stock. Shares were down 9% after hours but ahead of the open cut the decline to 6%.shares are up nearly 3% as the home improvement company beat on quarterly earnings and revenue.
JPMorgan CEO Jamie Dimon signaled Monday that retirement may be sooner than previously anticipated. The bank's stock dropped 4.5%. It's up modestly Tuesday. Baird, Piper Sandler and Keefe Bruyette raise their price targets on JPMorgan, citing an overall strong Investor Day that got lost in the Dimon retirement speculation and his comments about "not going to buy back a lot of stock at these prices."sees almost no growth, with quarterly revenue up on 3.2%.
As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade..
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