Despite Trade War Uncertainty, Ralph Lauren Is Today’s Big Winner on the Entrepreneur Index™

The clothing company was up more than 4 percent on the day.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


The stock market fought valiantly to shake off last week’s bearish sentiment, but a late session sell-off left the Entrepreneur Index™ down 0.86 percent to 161.15 for the day.

Once again, technology stocks posted some of the biggest declines, while domestic market-oriented real estate investment trust (REIT) companies and food manufacturers had some of the biggest gains.

Among the biggest REIT gainers on the index were Apartment Investment and Management Co. (1.41 percent), Boston Properties (1.1 percent), and Essex Property Trust (0.85 percent). Food manufacturers Tyson Foods and J.M. Smucker Company were up 1.36 percent and 0.74 percent respectively.

The top gainer on the index today was Ralph Lauren, which surged 4.19 percent after getting a ratings upgrade from a JP MorganChase analyst. The company’s stock has been seesawing of late because of worries about the trade war with China. The Chinese market has become much more important to luxury goods makers like Ralph Lauren, and if the trade picture continues to deteriorate, it may suffer.

Other stocks posting strong gains included Bed, Bath and Beyond (3.03 percent), Ford (1.97 percent), and asset manager Franklin Resources (1.47 percent).

Technology stocks posted the biggest drops on the day, with most tech components on the Entrepreneur Index™ closing lower. The three biggest declines on the index were posted by NVIDIA Corp. -4.53 percent). Adobe Systems (-4.36 percent), and salesforce.com (-3.26 percent). Twitter bucked trend, rising 2.22 percent on the day. Netflix was down 1.89 percent today. The market is eagerly awaiting the video streaming business’ third quarter earnings after it disappointed in the second quarter. It will report at the end of day tomorrow.

This week of earnings reports should provide a nice distraction for investors after the volatility of last week. By virtually all estimates, they will be very good given the strength of the U.S. economy. Booming profits, however, may be overshadowed by geopolitical risks and by growing anxiety about the pace of interest rate hikes by the Federal Reserve Board.

Related: Entrepreneurial Stocks Bounce Back, But Is It Just a Lull in the Storm?

Chief among the political concerns is now Saudi Arabia. The world’s biggest oil exporter has made ambiguous threats of retaliation for any international sanctions or condemnation for the alleged murder of journalist Jamal Khashoggi. With sanctions on Iran kicking in next month, any further shocks to supply because of the Saudi Arabia situation could send oil prices skyrocketing, That will likely mean further volatility in the stock market.

Source link

more recommended stories

  • 4 Ways to Successfully Turn Your Day Job into a #SideHustle That Earns You #PassiveIncome from #ThePowerofPassiveIncome

    Find out which key moves you.

  • J.M. Smucker Is Up, But Rest of Stock Market Soft After Minutes of Last Fed Meeting Released

    The stock market wasn’t sure what.

  • The 10 Most Reliable Ways to Fund a Startup

    Every funding decision is a complex.

  • The Most Important Career Lessons Are the Ones You Learn From Your Mistakes

    Instead of being embarrassed by your.

  • 7 Steps to a Perfectly Written Business Plan

    February 20, 2019 7 min read.

  • Must-Reads for List-Makers, Disrupters, and Social Entrepreneurs

    Inspired by our own personal goals.

  • 3 Fast Ways To Get Good Press

    Whether you’re a publicist or a.

  • 9 Questions to Ask Candidates’ References

    February 18, 2019 5 min read.

  • Are Your Goals Too Small? Here’s How to Know.

    See your life transform by setting.

  • 5 Partnership Lessons From Bill Belichick and Tom Brady

    Neither would be wearing so many.

  • Learning From Kevin Hart’s Social Media Mistakes

    He lost his gig at the.

  • Breaking Through on the PGA Tour After 187 Tries

    PGA Tour player Ken Duke shares.

  • Learn How to Practice Mindfulness at Work for Less Than $40

    Make the ancient, stress-relieving discipline more.

  • Why Your Next Startup Should Focus on Healthcare

    Breakdowns exist in the healthcare system,.

  • Market Up as Government Shutdown Averted, but FAANG Stocks Still Down

    The government shutdown drama is over.

  • 9 Business Ideas Under $1,000 You Can Run From Anywhere

    February 15, 2019 11 min read.

  • How to Make Your Wealth Last for Generations

    Hone your financial literacy and sustain.

  • Bed Bath & Beyond (Up 49 Percent This Year) Continues to Rise, but the Market Falls Flat

    Stocks were not feeling the love.

  • This Startup Raised $30 Million. Now, Its Founder Is Accused of Fraud.

    This promising Mexican startup closed its.

  • Corporate America Needs Understand These 4 Keys to Working With Millennials

    Millennials have a bad reputation that.

  • Government Shutdown and Trade Talks Still in Limbo but Market Up Slightly

    The stock market didn’t seem overly.

  • Jack Dorsey Picks Elon Musk as ‘Most Exciting’ User, Amazon Buys Eero and Prices Spike at Whole Foods (60-Second Video)

    Here are three things entrepreneurs should.

  • This CEO Says That Second-Guessing Your Business Is Natural

    The big decision for this Canadian.

  • The Government Shutdown Wasn’t So Bad for the Stock Market — But Avoiding a Shutdown Would Be Even Better

    The Entrepreneur Index™ was up big.

  • Mars Trip Could Cost You Less Than $500K or Even $100K

    The prices would be ‘low enough.

  • Chipotle Shoots for the Stars, Hires Oscar Winner to Produce Ad

    The burrito chain the had biggest.

  • Could These Companies Be the Next $1 Billion Unicorns?

    A new study looks ahead at.

  • Stop Hitting the Snooze Button and Start Intentionally Building Your Life and Business

    Don’t beat yourself up for hitting.

  • Get Exclusive Access to Silicon Valley Trailblazers for Less Than $10

    The CEOs of Redfin, Nextdoor, SurveyMonkey,.

  • Entrepreneurial Lessons From ‘Game of Thrones’ and the Super Bowl

    Step one is investing in creative.

  • 10 Simple Productivity Tips for Organizing Your Work Life

    February 8, 2019 5 min read.

  • 13 Secrets for Making Your Cleaning Business a Success

    Get the inside scoop from established.