U.S. Stocks have had a volatile week and a half. Increasingly positive news from overseas markets and favorable reactions to the Iran deal have helped the U.S. Stock market recover all if not all of the loss posted on Monday. Authorities have been able to slow most of the damage being done to the Chinese stock market. After opening rather low, The Shanghai Composite surged during the day. It’s difficult to determine how much damage or instability will be felt in the U.S. Stock Market when international programs fail or wane. The Greece talks have been creating waves in the American markets for weeks, but not at the level that many feared.
Amazon.com, Inc, (NASDAQ:AMZN)
Amazon has been touting the amazing sales to be found at their new Prime Membership sale. There has been a robust advertising and marketing campaign that has driven home their message of low deals to rival Black Friday. As a result of all the buzz surrounding the sale, Amazon.com stock is posting some of the best numbers in many weeks. The stock was up 2.72%, and the stock is 47% over the numbers posted last year. The growing increase in the value of Amazon stock explains the updated market value of the online retail giant at $212.2 billion. The shares have soared to new heights, and the stock has added 47% in value to date. Amazon is the 4th best-performing stock on the S&P 500.
J.C. Penney Corporation, Inc, (NYSE:JCP)
J.C. Penney has been having a rough couple year. The company and its stock have been hovering around the bottom, but in recent months there have been signs of life. There is speculation that the stock is geared for a turnaround. Beginning in May JCP stock prices were plotting sideways, which is an indicator of movement. Analysts suggest that if the price breaks below $8.15, then it is a sign of further downward movement. If the stock opens at $8.95, then this is a sign of a trend upward. If this upward trend occurs, the rally could end with stocks in and around $10.
Investments: Stock(s) to Watch
Oil stocks took a tumble today, and crude was down 15% – erasing some earlier gains experienced in June. This dip may be all illusion and panic, which means this could be the opportune time to race in and buy energy stocks.