Stock Market

Take a look at some of the biggest movers in the premarket: United Parcel Service (UPS) – UPS reported quarterly earnings of $2.66 per share, beating a consensus estimate of $2.14 a share. The revenue also came in above estimates for the holiday quarter. Among the factors boosting the bottom line: a 7.8% increase in

by Amy S. Robert and Kim Kiyosaki People have been leaving big cities for safer areas, but is it time they leave the US? Watch this interview as Andrew discusses going where you’re treated best, getting a second passport. [embedded content] The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it

Kennametal Inc., a supplier of tooling and industrial materials, reported better-than-expected second-quarter results, sending its stock up 1.7% on Monday. Kennametal’s (KMT) 2Q adjusted earnings of $0.16 per share came in ahead of the Street’s estimates of $0.09 but declined from $0.17 per share in the year-ago period. Its revenue of $440.5 million topped analysts’ expectations

by Michael Snyder If a new bill that has been introduced in Congress eventually becomes law, the 2nd Amendment will still be in the U.S. Constitution, but for all practical purposes the rights that it is supposed to guarantee will be dead and gone.  H.R. 127 was submitted on January 4th, and if you have not

Usually, when markets climb to record levels and stay there, investors start thinking about bubbles. However, Brian Belski, chief investment strategist at BMO Capital, believes that we’re just in the midst of a counter-intuitive time. In a recent note, Belski ruminates at length on the current conditions, and investors’ guesstimates that 1H21 will see a

Jakub Porzycki | NurPhoto | Getty Images GameStop stock has defied gravity in the past and it could again, but there are some signs its stock may be topping out, some strategists say. GameStop was down sharply Monday, off more than 30% at $225. It has been the poster child of a group of stocks

by WARREN MOSLER Personal income went up with the crisis due to Federal transfers of the Cares Act, which subsequently faded: Personal income excluding government support continues to lag behind prior levels: Even with the higher levels of total personal income consumption has lagged and most recently decreased as government benefits expired: A part of

Thermo Fisher Scientific posted better-than-expected earnings on Monday, largely driven by its success in supporting its customers responses to the COVID-19 pandemic. Fourth quarter revenues grew 54% to $10.55 billion, beating analysts’ expectations of $9.54 billion, while EPS increased by 100% to $7.09, compared to forecasts of $6.52. Full year revenues came in at $32.22

Take a look at some of the biggest movers in the premarket: Otis Worldwide (OTIS) – The world’s biggest producer of escalators and elevators reported quarterly earnings of 66 cents per share, 7 cents a share above estimates. Revenue came in above estimates as well and Otis issued a better-than-expected earnings forecast for 2021. Otis

After starting the day solidly in the green, Gamestop – along with other most shorted names – traded as high as $383 after Robinhood eased its trading limits over the weekend, which saw the brokerage effectively halt trading in as many as 50 stocks. However, the early euphoria did not last long, and moments ago

Colgate-Palmolive reported better-than-expected 4Q results, reflecting strong consumer demand for its products amid the COVID-19 pandemic. However, shares of the consumer products company fell 1.5% on Friday after it said that “we expect high levels of uncertainty as we lap the benefits from pantry loading and other impacts of the COVID-19 pandemic. We also expect

by ageal40 “Under an EUA, FDA may allow the use of unapproved medical products, or unapproved uses of approved medical products in an emergency to diagnose, treat, or prevent serious or life-threatening diseases or conditions when certain statutory criteria have been met, including that there are no adequate, approved, and available alternatives. ”

Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the

By Chris Black Motto: this must be why 109 countries blocked reddit.com. Everything that is said is true in someone’s world.  Everything that is said is a lie. The social/political elite have made the general population dumber than stumps through their programs, pitches and cunning.  When you retard the education of the masses, you educate

AMC Entertainment, the largest movie theatre chain in the world, has capped off the first month of the new year with a staggering 525% gain in its share price. Founded in 1920 by the Dubinsky brothers, AMC Entertainment (AMC) now operates approximately 1,000 theatres and 11,000 screens across 15 countries. The emergence of the coronavirus

Wells Fargo’s CEO, Charles Scharf, saw a decline in his annual pay in 2020. According to a company filing dated Jan. 26, the Board of Directors approved an annual salary of $20.3 million for 2020, compared to a salary of $23 million in 2019. This reflects a decline of around 12% year-on-year. The company filing

Since going public in May 2019, Beyond Meat (BYND) stock has been prone to both rise and sink violently, as the bulls and bears fight it out to take hold of the narrative. Lately, the bulls are once again in the driving seat. On Tuesday, Beyond Meat announced a partnership with Pepsi. The two apparent

Scott Mlyn | CNBC Check out the companies making headlines in midday trading. GameStop — The gaming retailer’s shares continued their rally, as the stock price more than doubled to surpass $360, up 140%. Retail investors have been driving the share price higher, pushing back against short sellers. Melvin Capital, which was short GameStop, closed out

by Martin Armstrong Rep. Alexandria Ocasio-Cortez (D-N.Y.) is refusing to work with GOP Sen. Ted Cruz of Texas after he tweeted a signal that the two of them could work together on a congressional probe into GameStop’s recent stock trading. She responded: “I am happy to work with Republicans on this issue where there’s common

Over the last few years, Advanced Micro Devices (AMD) stock has proven itself a winner time and again. Investors have cheered the chipmaker on as it has incrementally cut into its bigger rivals’ market share. As the company began closing the gap, the Street offered its reward; For two consecutive years – 2018 and 2019

Daniel Acker | Bloomberg | Getty Images These stocks are making some of the largest moves in midday trading: Mondelez International — Mondelez, which owns snack brands including Oreo and Ritz, dipped 2% despite reporting better-than-expected earnings. Modelez earned 67 cents per share, topping estimates by one cent, according to Refinitiv. Revenue came in at

by Martin Armstrong We are witnessing a phenomenal shift in real estate where everyone is bailing out of urban cities throughout the country. Even property in the Hamptons has been exploding with people fleeing NYC. While many hedge fund managers are moving to Florida and thousands of companies are fleeing California to Austin or Dallas, Texas, many

Coronavirus stocks played a massive part in the stock market’s 2020 narrative. However, in 2021, so far, Moderna (MRNA) has continued last year’s performance. Shares are already up 66% this month, as Moderna keeps hitting all the right notes. This week provided another catalyst for share appreciation. The biotech disclosed that its Covid-19 vaccine mRNA-1273

Small investors outsmarted the smart money, and the war between the Reddit traders and hedge funds seems to have made an indelible mark on Wall Street. Big investors or hedge funds, who hold short positions in individual stocks, saw some of these positions come under siege from a large cohort of small investors, many of

by confoundedinterest17 US equivalent rent of residences continues to fall like a paralyzed falcon to 2.2% YoY. Today’s report on PCE YoY printed at 1.45%. And the Taylor Rule (Rudebusch) based on a 1.45% Core PCE reading is …1.45%! IF Powell & Co pay attention to this specification of the Taylor Rule (they haven’t in the

We’ve talked a lot here about how the ongoing corona crisis has pushed large parts of the white-collar work sector online. But office work is not the only aspect of life that has been ‘digitized’ by the pandemic; online gaming has also gotten a boost. Social lockdowns have kept people in their homes, and even

Traders work on the floor of the New York Stock Exchange. NYSE Earnings news from Amazon and Alphabet, the important January jobs report and Washington’s discussion of stimulus could all be important to markets in the week ahead, but none of it is likely to get more attention than the short squeezes driven by retail

by Tom McClellan The Jan. 27 VIX pop was fueled by worries over Reddit-inspired traders making a raid upon the established order, which threatened the sanctity of the Wall Street machine and the hedge funds which are part of that machine.  Traders feared for the loss of their comfortable and normal situation, and so they bid

Academy Sports and Outdoors announced that it is offering to sell 12 million shares of its common stock at $21.50 per share. Shares dropped 4.6% to $21.07 on Jan. 28. Proceeds from the secondary offering, which is expected to close on Feb. 1, will only be received by selling stockholders. Academy Sports (ASO) is not selling

Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker’s shares jumped nearly 12% premarket on news that the Food and Drug Administration has extended the review period by three months for its experimental Alzheimer’s treatment aducanumab. Biogen is providing additional data to the FDA as part of