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S&P 500 Rises To New Intraday High As Powell Says Fed Is “Still A Ways Off” From Altering Policy

The S&P 500 rose to a fresh intraday record this morning after Federal Reserve Chairman Jerome Powell said that the central bank is a ways off from changing its easy monetary policies. “At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said in remarks prepared for delivery before the House Financial Services Committee. “While reaching the standard of ‘substanti...

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scPharmaceuticals Inc (NASDAQ: SCPH): scPharmaceuticals yesterday announced positive top-line results from its FREEDOM-HF study of FUROSCIX for treating congestion in patients with chronic heart failure. “These positive results from our pharmacoeconomic study support our hypothesis that treating heart failure patients with FUROSCIX has the potential to dramatically reduce the sig...

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PSX is down -13% in the last month – is that a good buying set up?

Increasing demand for crude has pushed big increases in price for the commodity; from a starting point below $50 per barrel in January, for example West Texas Intermediate (WTI) crude is now sitting at around $75 per barrel. The increase is generally also being seen at the pump – which is generally good news for stocks in the Energy sector. One of the possible exceptions, however applies to oil refiners, who have the difficult role of trying to find a balance between cost-efficiency in ...

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Boot Barn Holdings, Inc., a lifestyle retail chain, operates specialty retail stores in the United States. The company’s specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing. The company also provides gifts and home merchandise. As of Ma...

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