Page 2 - Select Sector News Today

Tesla Inc. (NASDAQ: TSLA) employees live in fear as layoffs continue through June. CEO Elon Musk's plan to cut at least 10% of the workforce has left employees anxious, uncertain of their job security. Former sales representative Michael Minick described the situation as walking on eggshells daily. This ongoing turmoil has contributed to a 29% decline in Tesla's share value this year, with a $224 billion loss in market capitalization.

All eyes are on technology giant Apple (NASDAQ: AAPL), which is set to release second-quarter fiscal 2024 results after market close on May 2.

The world's largest software maker — Microsoft (NASDAQ: MSFT) — reported strong third-quarter fiscal 2024 results, beating earnings and revenue estimates. driven by strong demand for cloud and artificial intelligence offerings.

Aside from 2022, tech has been a great sector to focus on in recent years.

Energy Select Sector SPDR Fund (NYSEARCA:XLE – Get Free Report) saw some unusual options trading activity on Wednesday. Stock traders acquired 309,586 put options on the company. This represents an increase of 160% compared to the typical volume of 119,017 put options. Energy Select Sector SPDR Fund Stock Performance Shares of NYSEARCA XLE traded up […]

Energy Select Sector SPDR Fund (NYSEARCA:XLE – Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 309,586 put options on the company. This is an increase of 160% compared to the typical volume of 119,017 put options. Hedge Funds Weigh In On Energy Select Sector SPDR Fund Hedge […]

First quarter of 2024 saw S&P 500 index surge by 9.94%, with energy and communication services sectors leading the pack. Top-performing stocks include MPC, VLO, TRGP, FANG, PSX, and META.

You can't go back in time and do things over again. But you can certainly avoid making the same mistake twice in a row.

You can't go back in time and do things over again. But you can certainly avoid making the same mistake twice in a row.

Parking some of your dollars in high-performing sector ETFs may juice your portfolio's returns.