Published on 8 Jun 2016
Oil
is building on its highest close of the year. Prices have nearly
doubled since hitting 13 year lows earlier in the year. Energy stocks
have rebounded as well, sending the S&P 500 to a 10 month high.
Alphabet ( ) meets with investors today. The Google parent company may
have to face questions about the fate of its Nest smart device unit.
Nest's founder abruptly resigned last week. Google bought Nest in 2014
for $3.2 billion and the company went on a hiring and acquisitions
spree. It's also expected to address the gender pay gap. The Alphabet
meeting will be live streamed. Lululemon ( ) shares are down in the
pre-market after its earnings report disappoined. Same store sales were
higher but overall, results missed.
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