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Joby Keeps Losing Money—and the Stock Keeps Rising
Barrons.com100d agoneutral
Joby Keeps Losing Money—and the Stock Keeps Rising

Joby Aviation reported better-than-expected first-quarter sales. Investors were pleased but recent trading shows that what investors really want to see is Joby’s aircraft flying paying passengers. Joby is still, essentially, presales.

S&P 500 and Nasdaq Head for Record as Chip Stocks Rally Rages On
Barrons.com100d agobullish
S&P 500 and Nasdaq Head for Record as Chip Stocks Rally Rages On

Stocks looked set to extend their record-breaking run on Wednesday after chip maker Advanced Micro Devices posted strong first-quarter earnings and President Donald Trump signaled there had been progress in peace talks between the U.S. and Iran. S&P 500 futures added 0.3%, and contracts tied to the tech-heavy Nasdaq 100 jumped 0.7%. The S&P 500 and Nasdaq both closed at all-time highs on Tuesday as chip stocks racked up sizable gains, and AMD’s rock-solid results could extend the rally.

Review & Preview: Earnings in Focus
Barrons.com100d agoneutral
Review & Preview: Earnings in Focus

With the Iran cease-fire still seemingly intact, oil prices retreated today, giving the market some room to run. The tech-heavy Nasdaq Composite rose 1%, while the The S&P 500 gained 0.8%. While there has been no real uptick in traffic through the Strait of Hormuz, the fact that the cease-fire remains in effect was enough to temper oil prices on Tuesday.