#STOCKSPY PRO UPGRADE#

Stocks are now well off their lows from mid-May, but investors are still waiting to see if the recent bounce in stocks is a bear market rally or has the market reached a bottom from this year's sell-off. Smucker rose 5.7% following a better-than-expected quarterly report for the food company.Д®quities may have been helped by developments in the bond market on Tuesday, as the benchmark 10-year Treasury yield retreated back below 3%. In corporate deal news, Kohl's jumped 9.5% after the retailer said it was in exclusive negotiations with Franchise Group about a potential takeover.Д®lsewhere, J.M. Shares of Apple rose 1.7%, helping to boost the tech sector. Phillips 66 and Chevron gained about 3.7% and 1.9%, respectively.

#STOCKSPY PRO UPGRADE#

Exxon jumped more than 4% following an upgrade from Evercore ISI, putting the stock above $100 per share for the first time since 2014. That is now unwinding as we push further from the impact that Covid had on us,' Brent Schutte from Northwestern Mutual Wealth Management said on CNBC's ' Squawk on the Street.'Д®nergy was one of top performing sectors on Tuesday as oil futures hovered near $120 per barrel. So if you think about the past few years, you have had a move toward goods spending over services spending. 'I hear shifting spending, not stopping spending. Major retailers have delivered mixed results and outlooks in recent weeks, adding to stock market volatility as investors try to determine if the announcements signal the start of a potential recession or a rapid change in consumer spending that caught some companies off guard on the inventory side. Walmart shares followed Target lower, sliding 1.2%. Target also lowered its operating margins guidance for the quarter. The company said it will implement additional markdowns to products and cancel some orders. Target shares fell 2.3% after the retailer announced plans to work down excess inventory, though the stock trimmed its losses as the session progressed. The gains for the averages came in spite of weakness for retail stocks.

Stockspy pro