Category "Entrepreneur Index"

The wholesale shopping chain posted disappointing earnings on Friday.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


The U.S. economy still appears to be humming, but slowing growth in the rest of the world dragged down stock prices today.

U.S. core retail sales (excluding food, gas and automobiles), were up 0.9 percent in November about twice the median estimate. However, lower industrial output and retail sales in China along with weak economic data from the Eurozone sparked fears of a slowing global economy. All three major stock indexes were down with the Nasdaq composite index — off 2.26 percent — falling furthest.

The Entrepreneur Index™ fell 2.44 percent today with just eight of 60 stocks posting gains on the day.

Costco Wholesale Group had the biggest decline on the index, falling 8.59 percent after reporting earnings this morning. The retailer beat revenue estimates but missed on earnings by a penny. It blamed increased competition from the likes of Walmart and Amazon.com — particularly in the grocery business — for shrinking margins. The stock is still up 11 percent for the year.

Universal Health Services, which operates acute care health facilities, also got hammered after a Goldman Sachs analyst downgraded the stock from neutral to sell today. It dropped 8.2 percent. Universal’s stock soared through most of November, but is down 13 percent so far in December.

Technology stocks were down sharply, with Amazon.com (-4.01 percent) and Netflix (-3.33 percent) posting some of the biggest declines. Adobe Systems Inc. fell hardest in the sector, sliding 7.29 percent today. The software maker reported strong financial results yesterday but analysts are concerned about its ability to integrate the large acquisition of Marketo announced in September.

All segments of the market were weak today. Cosmetics maker Estee Lauder Companies, with a strong and growing business in Asia, was down 3.53 percent. Medical device manufacturer Boston Scientific Corp. declined 3.19 percent and investment bank Jefferies Financial Group was down 4.23 percent. Restaurant chain Chipotle Mexican Grill fell 3.15 percent.

Even Tesla, up 40 percent in the last two months, fell today. Despite an exuberant tweet earlier this week from CEO Elon Musk about the possibility of a Tesla pick-up truck coming to market soon, it was down 2.94 percent today.

Regeneron Pharmaceuticals was one of the few stocks to post a gain on the day, rising 0.70 percent after a Goldman Sachs analyst upgraded the stock to “buy,” citing the company’s strong product pipeline. Fellow drug-maker Alexion Pharmaceuticals was down 2.67 percent.

Under Armour Inc. after falling precipitously over the last two days, was up 1.17 percent. The biggest gain on the Entrepreneur Index™ was posted by specialty retailer Bed Bath & Beyond. After setting a 52-week low this morning, the stock bounced 1.38 percent. It’s down 47 percent on the year.

Other gains on the index included Dollar Tree Inc. (0.95 percent), Ford Motor Co. (0.24 percent) and REITs Essex Property Trust (0.21 percent), Kimco Realty Corp. (0.61 percent) and Apartment Investment and Management Co. (0.47 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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3 min read

Opinions expressed by Entrepreneur contributors are their own.


Stock prices continue to hinge on the uncertain progress of U.S.-China trade negotiations.

Hopes for a deal were higher today and stocks were up sharply in the morning, though they lost steam in the afternoon. The Entrepreneur Index™ closed up 0.69 percent, while the Dow and S&P 500 indexes were up 0.64 percent and 0.54 percent respectively. The Nasdaq composite index gained 0.95 percent.

Twitter and the FANG stocks were back out front leading the technology sector higher today. All of them were up more than one percent and Netflix rose 3.6 percent.

Twitter, up 5.25 percent today, had the biggest gain on the Entrepreneur Index™. It continues to recover much of the ground lost since July when active account users fell for the first time on the social media network. That was largely because of Twitter’s ongoing efforts to rid the network of automated “bot” accounts spreading politically and/or commercially motivated messages.

The market appears to believe the company has a handle on the issue now. The stock has been one of the hottest in the volatile tech sector of late. It is up 37 percent from the October low and has risen 14 percent in the last five trading sessions.

Ever-volatile Wynn Resorts had one of the biggest gains on the day, rising 3.66 percent. Meanwhile, O’Reilly Automotive Inc. continues to thrive. The auto-parts retailer’s stock was up 3.25 percent today and has risen 47 percent this year. Other good gains were posted by Ralph Lauren Corp. (2.69 percent), salesforce.com (2.41 percent) and Cerner Corp. (2.13 percent).

Investor day at Under Armour Inc. was one to forget for shareholders this year. The stock fell 10.44 percent — the biggest decline on the Entrepreneur Index™ today — as executives at the apparel-maker addressed analysts and investors about the company’s outlook.

Analysts are skeptical of the company’s ability to grow sales, particularly in the competitive U.S. market where sales are falling for the company. Under Armour has also not entirely put a cultural issue centered on the inappropriate expensing of entertainment by employees–think strip clubs–behind it. Two marketing executives close to CEO Kevin Plank were fired this week. The stock has recovered nicely from a three-year slide, up 43 percent this year, but is down 18 percent in the last four trading sessions.

Outside of Under Armour, the REITs were the weakest performers on the Entrepreneur Index™ today. The sector followed the “rates up/REITs down” trading adage. The 10-year Treasury bond yield rose three points today and all nine REITs in the index were down on the day. Shopping center operator Macerich Company (-4.48 percent), SL Green Realty Corp. (-2.77 percent) and Kimco Realty Corp. (-2.75 percent) had the biggest declines.

Retailers L Brands (-0.66 percent), Walmart (-0.79 percent) and Dollar Tree Inc. (-0.27 percent) were also down on the day.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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The Entrepreneur Index™ had a tough morning but rebounded with a strong afternoon.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


The volatile stock market followed a familiar pattern today, falling sharply in the morning and roaring back in the afternoon.

The Dow Industrials index was down more than 500 points in morning trading, before staging a strong comeback. It closed up 34 points, or 0.14 percent on the day. The Entrepreneur Index™ also rallied in the second half of the day to post a gain of 0.54 percent.

Technology stocks led the way. The technology-heavy Nasdaq composite index was up 0.74 percent. Facebook posted the biggest gain in the sector and on the Entrepreneur Index™, rising 3.25 percent. A Deutsche Bank tech analyst ranked the company his top pick among large internet company stocks today, citing valuation as a major reason. Facebook shares are down more than 35 percent from a peak in July.

Other tech stocks posting good gains included chipmakers NVIDIA Corp. (2.93 percent) and Analog Devices (2.38 percent). Software maker Adobe Systems Inc. was up 2.56 percent and Twitter rose 1.86 percent.

Tesla was up 2.01 percent today, despite more combative remarks toward the SEC from CEO Elon Musk in a interview with 60 Minutes that aired yesterday. The regulator and Tesla came to an agreement earlier this year over market-moving tweets Musk had made about taking the company private.

Tesla shares have been among the best performers in the market over the last three volatile months, rising more than 30 percent since early October. A Piper Jaffray technical analyst suggested today that if the stock can reach the $390 level — it’s currently at $365 — it could cause another big squeeze on short-sellers of the stock. With short interest of more than 20 percent of the public share float, the analyst suggested that a move above $390 could force massive buying by shorts to cover their losing positions. He said it could rapidly drive the share price above $500.

Ford Motor Co. on the other hand, fell 3.4 percent today. The stock had been trending up from a low in late October but is now back well below $9 per share, in part because of growing pessimism about a trade deal between China and the United States. China has leveled tariffs on U.S. cars in retaliation for tariffs imposed on Chinese exports.

Fedex Corp. continued to slide today, falling 4.2 percent. It was down more than six percent on Friday, after the abrupt departure of the head of its Fedex Express business unit. The shares were downgraded to neutral by Bank of America Merrill Lynch analyst Ken Hoexter today.

Under Armour Inc. (-4.52 percent) was also down sharply today, posting the biggest decline on the Entrepreneur Index™. The maker of active apparel surged more than 15 percent after reporting strong earnings in late October and is up 58 percent so far this year. It will hold an annual analyst/investor meeting on Wednesday where senior executives will discuss the strategy and outlook for the company.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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The market fell again on Friday.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


The wall of worry the stock market is trying to climb is getting higher by the day.

The major stock indexes sold off today after fighting back from steep losses yesterday. The Dow and S&P 500 indexes were down more than two percent and the Nasdaq composite fell 3.05 percent. The Entrepreneur Index™ closed down 3.03 percent, with only one of 60 stocks on the index (Bed Bath & Beyond), posting a gain on the day.

Two major factors are causing the anxiety. The prospects for a trade deal with China appear in jeopardy after the arrest of the CFO of Chinese telecom giant Huawei in Canada at the request of U.S. authorities. If the temporary truce in new tariffs ends, global economic growth is expected to suffer.

The second issue is the Fed and its tightening monetary policy. Lower than expected November job growth numbers reported today were potentially good news for investors, in that they may forestall central bankers from hiking interest rates aggressively. It didn’t placate investors, however. The Fed is widely expected to raise rates this month, though it may slow or eliminate rate hikes next year.

The volatility once again hit high-growth technology stocks hardest today. The FANG stocks (Facebook, Amazon.com, Netflix and Google — now Alphabet Inc.) were down sharply after helping stage a comeback in the market yesterday. Netflix (-6.27 percent) had the biggest decline of the four.

The rest of the tech sector fell heavily as well. Chipmaker NVIDIA Corp. was down 6.75 percent–the biggest drop on the Entrepreneur Index™ today. Adobe Systems Inc. (-5.04 percent) and salesforce.com (-4.3 percent) also declined. Twitter, which has 16 analyst buy ratings compared to three sells according to TradingView, had the smallest loss in the tech sector, falling 0.39 percent.

Other high growth stocks were also hammered. Medical device maker Boston Scientific Corp. up 43 percent this year, was down 3.51 precent today and biotech firm Alexion Pharmaceuticals fell 4.49 percent.

Fedex Corp. continued to fall on fears of a slowing economy. It was down 6.36 percent and is now off more than 20 percent since mid-September. Other cyclical stocks like food makers J.M. Smucker Company (-2.64 percent) and Tyson Foods (-2.92 percent) and business Services company Cintas Corp. (-3.62 percent) also declined. Clothing makers Ralph Lauren (-3.61 percent), L Brands (-4.73 percent) and Under Armour Inc.(-2.58 percent) were down sharply.

Casino-operator Wynn Resorts, levered to the enthusiasm of wealthy gamblers in China and the U.S., continued to magnify market volatility, falling 6.6 percent today.

The big retailers also suffered. Compared to Costco Wholesale Group (-3.58 percent) and discounter Dollar Tree Inc. (3.32 percent), Walmart was down a more modest 1.67 percent. Hospital operator Universal Health Services declined 4.12 percent.

The only stock on the Entrepreneur Index™ that gained on the day was specialty retailer Bed Bath and Beyond. It was up 0.57 percent but is down 43 percent this year.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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The stock market was down today, but FANG stocks were still up.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


Can the FANG stocks save this faltering stock market?

The big technology companies that have led the nearly 10-year bull market in stocks made a stand today, as stock prices across segments of the market fell sharply in morning trading. Facebook, Alphabet Inc., Amazon and Netflix all ended up more than one percent on the day and helped the market recover from intense selling this morning.

In a dramatic reversal, the Entrepreneur Index™, down nearly three percent by late morning, closed the day with a gain of 0.85 percent. The Dow Industrials index was down nearly 800 points before rallying almost 700 points to close down 0.32 percent. The S&P 500 index was down 0.15 percent, while the Nasdaq composite index was up 0.42 percent.

The bond market had another wild day, as investors sold stocks and moved into the safety of U.S. Treasuries in the morning, then reversed course in the afternoon. The 10-year Treasury bond yield was down more than nine basis points to a low of 2.83 percent before closing the day at 2.89 percent.

Technology stocks, led by the FANGs, performed better than the broader market. Most had gains on the day with Netflix posting the largest at 2.74 percent.

The biggest decline on the Entrepreneur Index™ was posted by Rollins Inc., the premier name in termite and pest-control services. With no obvious catalyst, Rollins’ stock was down 5.7 percent today, though it is still up 27 percent for the year.

Kimco Realty Corp. a REIT specializing in shopping centers, had the biggest gain on the index, rising 5.31 percent. With interest rates falling sharply, other high-yielding REITs, including Equity Residential (2.67 percent), Extra Space Storage (3.01 percent) and Simon Property Group (3.0 percent) also posted good gains on the day.

Financial services companies continued to struggle due to fears about the economy. Investment bank Jefferies Financial Group fell 2.73 percent. The market volatility is also hurting asset management companies. BlackRock, down six percent on Tuesday fell another 2.08 percent today. Franklin Resources was also down 2.22 percent after losing nearly three percent Tuesday.

Oil and gas producer Hess Corp. was down 2.82 percent after OPEC members failed to agree to cuts in oil production at their meeting in Vienna today. The cartel delayed its decision until consulting tomorrow with Russia — the second largest producer after the U.S. The price of West Texas crude oil was down 2.33 percent to $51.66 per barrel. Hess Corp.’s stock is down 30 percent since the beginning of October but is still up 11 percent so far this year.

Other stocks posting gains today included Costco Wholesale Group, up 3.03 percent, and active apparel maker Under Armour Inc., which was up 3.13 percent. Homebuilder D.R. Horton Inc. rose 1.87 percent as mortgage rates fell to a two-month low. The stock has been under pressure as interest rates rose and the housing market showed signs of deteriorating.

The about face in the stock market today followed a report in the Wall Street Journal that the Federal Reserve Bank may halt or pause its current policy of interest rate hikes. The Fed’s next meeting is on Dec. 19.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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Stock prices fell sharply on Tuesday, and it’s not hard to see why.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


Investor optimism sparked by a truce in the trade war between China and the U.S. proved short-lived.

A day after the market rallied on news of a 90-day delay in further tariff increases by the U.S. against China, President Trump reminded people on Twitter this morning that he was a “tariff man.”

Stock prices fell sharply with the Dow Industrials index falling 799 points and all three major indexes down more than three percent. The Entrepreneur Index™ declined 3.76 percent and only two of 60 stocks in the index posted gains on the day.

Trade worries weren’t the only thing rattling the markets. Bond yields fell dramatically, as investors anticipate a slowing economy. The yield on the 5-year Treasury bond fell more than five basis points to 2.78 percent and is now below the 2-year bond yield. Meanwhile, the 10-year Treasury yield fell a staggering eight points to 2.91 percent and is just 12 basis points above the 2-year yield. Such yield curve inversions — when long-term interest rates fall below short-term — usually portend an economic slowdown, if not recession.

Cyclical and financial stocks were particularly hard hit today. The Dow Jones U.S. Banks index was down nearly five percent, and financial services firms were weak across the board. Banks, which typically borrow short-term to lend long-term, are hurt by yield curve inversions.

Capital One Financial was down 6.12 percent and investment bank Jefferies Financial Group fell 7.01 percent. Asset manager BlackRock Inc. was down 5.99 percent while competitor Franklin Resources was down 2.89 percent.

Fedex Corp, considered a good barometer of the U.S. economy, fell 6.3 percent. Investors may also have been spooked by a research note from Morgan Stanley analyst Ravi Shanker, who warned about the potential impact of Amazon.com on the delivery industry. Amazon continues to add planes to its own personal delivery fleet and has an air cargo hub in Kentucky that may eventually handle up to 100 planes.

Business services provider Cintas Corp. and homebuilder D.R. Horton were down 5.18 and 4.5 percent respectively. Retail stocks were also rocked by fears about the economy. Bed Bath & Beyond was down 6.97 percent percent, bringing its drop for the year to 44 percent. Walmart (-2.97 percent) and Costco Wholesale Group (-2.5 percent) had smaller declines.

The clothing retailers also gave back their gains and more from yesterday. Gap Inc. was down 4.44 percent, while Ralph Lauren fell 4.42 percent and L Brands was off 3.9 percent. Under Armour Inc. was down 2.73 percent.

Wynn Resorts and Estee Lauder Companies, two stocks that rose sharply yesterday on the trade news, also gave back their gains today. Wynn was down 7.83 percent — the biggest decline on the Entrepreneur Index™ today, while Estee Lauder fell 5.61 percent.

Technology stocks were weak across the board. The volatile shares of graphics chipmaker NVIDIA Corp. fell 7.6 percent. Other big losses in the tech sector included Amazon.com(-5.87 percent), Netflix (-5.16 percent) and Alphabet Inc. (-4.96 percent). Akamai Technologies had the smallest loss of the thirteen tech stocks on the index, falling 2.18 percent.

Other notable declines on the index included medical device manufacturer Boston Scientific Corp.(-5.17 percent) and liquor producer Brown-Forman Corp. (-4.71).

Only two stocks on the index had gains today. Tesla was up 0.34 percent and O’Reilly Auto Parts rose 0.03 percent.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.




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At least, President Trump and the U.S. agreed to hold off for another three months before raising tariff rates.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


The stock market cheered the 90-day truce in trade hostilities agreed to by the U.S. and China over the weekend.

It wasn’t a full-blown deal at the G20 economic summit between the two largest global economies, but the U.S. did agree to postpone tariff rate hikes for three months while negotiators try to hammer out an agreement.

Stock prices rose broadly across all market segments with the Dow and S&P 500 indexes up 1.13 percent and 1.09 percent respectively, while the technology heavy Nasdaq composite index rose 1.51 percent. The Entrepreneur Index™ was up 2.02 percent with only nine of 60 stocks falling on the day.

Stocks with significant exposure to China were among the biggest gainers on the index today. Wynn Resorts, for example, was up 9.5 percent, the biggest gain on the index. The trade war truce helped, but solid November gambling revenues in Macau drove the stock higher today. It appears that slowing growth in China and financial market volatility is not crimping Chinese highrollers’ penchant for gambling. Wynn operates three casinos in Macau.

Estee Lauder Companies Inc. was also up sharply, rising 7.0 percent. The high-end cosmetics maker crushed Wall Street estimates for third quarter earnings at the end of October, in large part because of a 24 percent jump Asia-Pacific sales.

Clothing-makers posted good gains on the day. Gap Inc. was up 3.26 percent, L Brands rose 3.78 percent and Ralph Lauren Corp. gained 3.18 percent. Under Armour Inc. was up a more modest 0.9 percent today, but it did set a 52 week high.

The price of oil rallied 4.3 percent today on the trade news. The market is also expecting OPEC members to agree to significant cuts in production at their meeting in Vienna on Thursday. Oil and gas producer Hess Corp., which is down nearly 25 percent since the beginning of October, was up 4.75 percent.

The technology sector posted strong gains today. Twitter led the pack, rising 7.03 percent and recovering the ground it lost last week. The stock was down sharply on Thursday for no apparent reason. It turns out a conservative backlash against the social media network may have driven the stock down briefly. Conservatives believe Twitter is not providing an open platform for conservative voices.

Amazon (4.86 percent) and NVIDIA Corp (4.04 percent) also had strong gains on the day.

Truck manufacturer PACCAR inc. had the biggest decline on the Entrepreneur Index™ today, falling 1.78 percent. Only two of the other eight stocks that fell today were down more than one percent. J.M. Smucker Company was down 1.2 percent, while Jefferies Financial Group was off 1.05 percent.

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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A dinner meeting between President Trump and Chinese President Xi could cause a disruption in economic growth.


4 min read

Opinions expressed by Entrepreneur contributors are their own.


Thanks, China! U.S. stock prices rallied late in the day after Reuters reported that a Chinese trade official said that “consensus is steadily increasing” between U.S. and Chinese trade negotiators.

The Entrepreneur Index™ closed up 0.64 percent after trading within a narrow range for most of the day. The S&P 500 index was up 0.82 percent while the Dow and Nasdaq composite indexes were both up 0.79 percent.

Investors are eagerly awaiting the outcome of a dinner meeting tomorrow between President Trump and Chinese President Xi Jinping at the G20 economic summit in Buenos Aires. The ongoing tariff battles between the two countries are expected to hurt global economic growth. President Trump continues to send mixed signals on the potential for a deal, saying yesterday that the two countries were very close to an agreement, but that he wasn’t sure he wanted to sign it.

The bond market believes an economic slowdown is coming. The yield on the 10-year Treasury bond was down another three basis points to close at 2.995 percent, in part due to comments from Federal Reserve members earlier in the week that expressed concern with global growth and corporate debt levels. The 10-year bond yield hasn’t closed below three percent for more than two months.

With interest rates falling, high dividend-paying real estate investment trust (REIT) stocks posted solid gains on the Entrepreneur Index™. SL Green Realty Corp. (2.77 percent), Kimco Realty Corp. (2.64 percent) and Apartment Investment and Management Co. (2.04 percent) were all up on the day.

The technology sector was relatively quiet again today. Chipmaker NVIDIA Corp. had the biggest gain on the index, rising 3.86 percent. Investors have been worried about demand for the company’s high-end processing chips in part because of the crash of crypto-currency markets. NVIDIA’s chips are popular with crypto-currency miners. The stock lost half its value since early October, but has been trending up for the last week.

Fellow-chipmaker Analog Devices was up 2.68 percent and salesforce.com rose 2.18 percent. Netflix, which has been up sharply in the last three trading sessions was down 0.91 percent.

Tesla shares rose 2.75 percent after an electric vehicle blog site — Electrek — said the company had successfully ramped up production of its mass-market Model three sedan to 1000 cars/day. Most of the cars have been sold for more than the company’s $35,000 target price so far. Earlier this year, CEO Elon Musk said that selling the cars at that price before achieving higher production rates and lower costs could kill the company. Tesla shares are up 13 percent for the year.

Discount retailer Dollar Tree Inc. had one of the larger declines today, falling 1.88 percent after rising more than six percent yesterday. The biggest decline on the Entrepreneur Index™ was posted by O’Reilly Auto Parts, which fell 2.27 percent. Hess Corp. was also down 1.01 percent as the price of oil fell 1.48 percent today. Oil was down 22 percent in November, its worst month in more than ten years.

Other notable declines on the index included Chipotle Mexican Grill (-1.94 percent), retailer L Brands (-1.43 percent) and whiskey-maker B”>Brown-Forman Corp. (-1.2 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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Amazon and Netflix stock prices just keep climbing.


3 min read

Opinions expressed by Entrepreneur contributors are their own.


Stock prices soared after encouraging words from Federal Reserve Chairman Jerome Powell today.

In comments at a luncheon in New York, the Fed Chairman said that the central bank’s benchmark Fed Funds rate — currently at a range of 2.0 percent to 2.25 percent — was now “just below neutral.” Neutral is considered an interest rate level that neither stimulates nor restricts economic growth and is presumably a target rate for the Fed at this point.

That’s a major shift from his comments at the beginning of October, when he said that rates were still “a long way from neutral.” Investors are hoping it means the Fed will either not raise rates as expected next month and/or reduce the number of rate hikes it planned to make next year.

Stock prices spiked shortly after Powell began his speech at noon, with strength across all segments of the market. The Entrepreneur Index™ closed the day up 3.17 percent, with only four of 60 stocks in the red. The Dow Jones Industrials index surged 617 points (2.5 percent), while the S&P 500 and Nasdaq composite indexes were up 2.3 percent and 2.95 percent respectively.

The technology sector had some of the largest gains of the day, with salesforce.com up 10.24 percent–the biggest jump on the Entrepreneur Index™. Adobe Systems Inc. also rose 7.3 percent. Amazon was up 6.09 percent and Netflix closed the day 6.01 percent higher. Facebook was the weakest of the so-called FANG stocks, rising 1.3 percent.

Retailers Costco Wholesale Corp. (3.29 percent) and Walmart (2.55 percent) and were both up sharply, while discount retailer Dollar Tree Inc. was up 1.83 percent.

Under Armour Inc. was up 5.55 percent — the biggest gain on the index outside the tech sector. The athletic apparel maker reported blow-out earnings at the end of last month and has been on a tear of late. The stock is up 62 percent so far this year. After big gains in the last two days, L Brands was up a more modest 1.78 percent today. Gap Inc. was up 2.53 percent.

Other prominent gains on the index today included NVIDIA Corp. (4.12 percent), Alphabet Inc. (4.0 percent), Boston Scientific Corp. (3.94 percent), Chipotle Mexican Grill (3.61 percent) and Verisign Inc. (3.35 percent).

While most of the market was up smartly, J.M. Smucker Company was clobbered after it reported disappointing financial results this morning. The stock was down 7.24 percent, the biggest decline by far on the Entrepreneur Index™ today. The food-maker missed badly on earnings estimates, was shy of revenue targets, and lowered guidance for its full-year outlook. Fellow food-maker Tyson Foods (-2.31 percent) was also down sharply.

The only other two stocks on the Entrepreneur Index™ that declined today were Ralph Lauren Corp. (-0.07 percent) and Wynn Resorts (-0.03 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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3 min read

Opinions expressed by Entrepreneur contributors are their own.


L Brands is experiencing some early holiday cheer.

After rising nearly 7 percent on Cyber Monday — the biggest day of online shopping in history — L Brands, makers of Victoria’s Secret lingerie and operators of Bath & Body Works stores, was up another 3.78 percent today.

That was the largest gain on the Entrepreneur Index™, which closed up 0.17 percent.

The stock market appeared in a holding pattern today after strong Cyber Monday sales buoyed investor sentiment yesterday. With the uncertainty surrounding the health of the global economy, U.S.-China trade negotiations, and falling oil prices weighing on the market, investors appeared to be waiting for some clarity.

The G20 economic summit — where U.S.-China relations will be center stage — begins on Friday and an OPEC meeting, where potential cuts in oil production will be discussed, is scheduled for next week. Fed Chairman Jerome Powell will also speak tomorrow at the Economic Club of New York, undoubtedly fueling speculation on the odds of another interest rate hike in December.

The Dow and S&P 500 indexes were up 0.44 percent and 0.33 percent respectively, while the Nasdaq composite index was up 0.01 percent.

The technology sector was uncharacteristically quiet today, with only five of 13 tech stocks on the Entrepreneur Index™ rising or falling more than 1 percent. Netflix had the biggest gain in the sector, rising 2.01 percent, while Verisign Inc., which registers internet domain names, had the biggest loss at 1.91 percent.

Facebook continued to suffer slings and arrows from all directions. A former Facebook employee accused the company of having a “black people problem,” suggesting it lacked organizational diversity. Meanwhile, Facebook’s VP of policy was grilled today by representatives from nine countries in the U.K. parliament on fake news and disinformation issues. The representatives were angry that CEO Mark Zuckerberg did not attend the meeting. The stock was down 1.01 percent on the day.

While L Brands had a strong day, other clothing manufacturers did not. Luxury brand Ralph Lauren was down 3.85 percent and Under Armour Inc. fell 1.89 percent.

Retailer stocks were also mixed with Costco Wholesale Group rising 1.62 percent and discount retailer Dollar Tree Inc. falling 1.6 percent. Walmart was down 0.12 percent and Bed Bath & Beyond was down 4.4 percent — the biggest decline on the Entrepreneur Index™ today.

Tyson Foods slid 1.88 percent and is now down 28 percent for the year. Fellow food-maker J.M. Smucker Company was up 0.16 percent on the day.

Other notable gains on the Entrepreneur Index™ today included whiskey-maker Brown-Forman Corp. (2.06 percent), Cognizant Technology (1.67 percent), Chipotle Mexican Grill (1.59 percent) and Comcast (1.55 percent).

The Entrepreneur Index™ collects the top 60 publicly traded companies founded and run by entrepreneurs. The entrepreneurial spirit is a valuable asset for any business, and this index recognizes its importance, no matter how much a company has grown. These inspirational businesses can be tracked in real time on Entrepreneur.com.


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