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May 17, 2023The largest employer-sponsored child care provider trades at $86.61 today, after closing yesterday at $85.82 and gaining 79 cents (0.92%).
New United States Crude Oil Inventories improved upon the previous 2.95 million figure while also exceeding analyst expectations with a reading of 5 million.
Bright Horizons Family Solutions's uptick comes amid good United States macroeconomic data released during the day — data for United States Crude Oil Inventories published today at 14:30 UTC came out at 5 million, beating projections of -920,000 and showing improvement over the preceding figure of 2.95 million.
On the flip side, United States Retail Sales released earlier showed a marked improvement to 0.4% from the preceding data of -0.7%, but fell short of the 0.8% figure forecast by a consensus of market analysts.
Meanwhile, United States Building Permits (Apr) came out at 1.42 million, while a consensus of analysts was expecting 1.44 million.
Analysis of Bright Horizons Family Solutions's recent price action suggests Bright Horizons Family Solutions Inc. broke through the $86.67 resistance, climbing 6 cents above it.
This rally in Bright Horizons Family Solutions's share price coincides with other consumer discretionary stocks as Home Depot gained 3.22%, currently at $291.42. Lowe's added 2.93% to its value, now trading at $205.05. Tesla is up 4.07%.
Moreover, macro data could boost sentiment further as United States Initial Jobless Claims is projected to outperform its last figure with 254,000, having previously been at 264,000. The figure will be published tomorrow at 12:30 UTC.
Furthermore, the market is looking at United States Philadelphia Fed Manufacturing Index (May) is scheduled for tomorrow at 12:30 UTC. United States Existing Home Sales (Apr) is expected tomorrow at 14:00 UTC.
The past 3 months have been positive for the largest employer-sponsored child care provider as it added 18.96% compared to its 3-month low of $55.75.
