The three major indices, NDX, SPX, and DJX, gained enough momentum to close mostly flat today. Overall, the NDX appears the most optimistic after this last month of consolidation which has greatly affected tech stocks causing much volatility in the sector.
Notably, retail brick and mortar companies have been struggling overall to maintain high levels of consumer demand shifting towards online purchasing. Once largely popular clothing companies such as $ANF Abercrombie & Fitch have seen large gap downs in their share price as the company deals with losing market share to larger competitors.
These struggles to retain market popularity are also apparent in auto part companies such as $AZO AutoZone and $ORLY. Supplement company, $GNC has been trading near a bottom of $6 and a high of almost $10 for several months now.
Lastly, $SNAP the social media tech company has been on a decline since its IPO where it was valued at $30B and a share price of $24. Today the company closed at $15.47 for a total loss of about 9%.
Small Cap $EXPR $AVEO $ANF $DCTH
Large Cap $SNAP $ARNA $CAG $ORLY $COST $K $KORS Read the full post at TopTickers.com
Submitted July 11, 2017 at 08:05PM by toptickers