The markets finished the week with a positive day today following the bullish jobs report this morning. The Dow 30 hit yet another record high, added 63. The S&P 500 gained 4, and the Nasdaq 100 was higher by 11. Next week could be somewhat quiet as congress is on vacation, earnings season is slowing down, and the scheduled news for the week is rather light.
Blue Apron (APRN ) shares sunk to new, all-time lows today (-6.19%) following a report that the company would be cutting 24% of its workforce. Analysts. and investors have been quite bearish on the stock since the company became public as questions about client turnover and retention came into focus. Also, with the announcement that Amazon (AMZN ) would be exploring entering into the space as well, shares have suffered. Shares have dropped over 40% since their IPO less than 6 weeks ago.
Weight Watchers (WTW ) shares added a whopping 25.18% today after it was announced that it's subscriber base grew over 20% in the previous quarter. The company announced this in their earnings which also showed that they beat expectations on both its top and bottom lines for the second quarter. They also raised their earnings outlook for the year which further fueled the buying of the bulls. Shares are up almost 300% for the year.
Shake Shack (SHAK ) shares fell 5.46% today following mixed earnings from the burger chain. The company announced lower same-store sales for last quarter, and cut its outlook for the year. On the bright side the company reported earnings and revenue which beat analyst estimates. Shares have traded in a wide range this year but still are down 14%.
