Stock Market

Traders on the floor of the New York Stock Exchange. Source: NYSE The quiet holiday week ahead could hold some fireworks for investors if the Federal Reserve reveals its thinking on its bond buying program. The four-day trading week could see stocks drift, after hitting new highs this past week. The closely watched 10-year Treasury

Bank of Montreal (BMO), North America’s 8th largest bank, has been recognized by World Finance Magazine as the Best Private Bank for the 11th consecutive year and the Best Commercial Bank in Canada for the 7th year in a row. BMO won the awards for the innovative and customer-centric approach of both groups, their commitment to digital

Rendering of the Krispy Kreme Times Square flagship. Krispy Kreme Check out the companies making headlines in midday trading. Virgin Galactic — The space tourism company’s stock is up 3% after announcing founder Sir Richard Branson will be aboard its next spaceflight test. The stock jumped as much as 25% shortly after the open before

Sharing is Caring! by confoundedinterest17 The headlines scream “850,000 jobs added.” The Federal Reserve Open Market Committee (FOMC) members are probably saying “Oh no! We might have to raise rates and cut asset purchases!!!” Despite the 850,000 jobs added in June, there are so not so great aspects to the jobs report. Like Labor Force Participation

Analysts fell to the sidelines weighing in on and Public Storage (PSA – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks. Public Storage (PSA) In a report issued on June 2, Jonathan Petersen from Jefferies maintained a Hold rating on Public Storage, with a price target

Pedestrians walk past a Walgreens store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Didi — Shares of the Chinese ride hailing company surged more than 14% in their second day of trading, rising back above $16 per share. The stock had a muted session

Sharing is Caring! by Michael Snyder Here in the middle of 2021, Americans are generally feeling pretty good about things.  The COVID pandemic appears to be subsiding, our sports stadiums are full of fans again, the stock market has been soaring, and all over the country people are in the mood to party.  In fact,

Workers prepare the ground for construction at the Duette solar site which is being developed on previously agricultural land in Bowling Green, Florida, March 24, 2021. Dane Rhys | Reuters June jobs growth is expected to outpace May and more Americans rejoined the workforce, even as companies continued to struggle to find employees to hire.

Investors are sometimes hard to please. Micron (MU) delivered the goods in its latest quarterly statement, but the shares trended lower in the subsequent session as the focus turned to the unexpected higher CapEx (capital expenditure) ahead. In FQ3, Micron generated revenue of $7.42 billion, a 36.4% year-over-year increase and amounting to a beat over

Take a look at some of the biggest movers in the premarket: Walgreens (WBA) – Walgreens shares rallied 2.8% in the premarket after the drug store operator reported quarterly profit of $1.51 per share, beating the consensus estimate of $1.17 a share. Revenue topped forecasts as well, helped by a rebound in prescription volumes. The

Sharing is Caring! by confoundedinterest17 The spread between home price growth and wage earnings is back to the days of the US housing bubble that peaked in 2005. But this time it is different. The 2005 housing bubble was driven by shoddy credit and limited documentation lending. This time the housing bubble is driven by The

A rise in internet penetration, the higher adoption rate of smartphones, and an increase in e-commerce sales, alongside rising government initiatives to digitize payments, are driving the growth of digital payments. According to a Grand View Research report, the digital payment market was worth $58.3 billion last year and is expected to grow at a

In this article @LCO.1 @CL.1 Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks via video link during a virtual emergency meeting of OPEC and non-OPEC countries, following the outbreak of the coronavirus disease (COVID-19), in Riyadh, Saudi Arabia April 9, 2020. Saudi Press Agency | Reuters OPEC heads into Thursday’s meeting with

Sharing is Caring! by Michael Snyder Over the past couple of decades, northern California has prospered more than any other area in the country.  In fact, the two wealthiest metropolitan areas in the entire nation are located in northern California.  But even though the region is absolutely swimming in cash, crime is completely and totally out

Whatever you think of crypto, it is likely to more than just a fad. Although the crypto market is prone to extreme bouts of volatility, over the past decade it has proved resilient and has moved ever closer to mainstream adoption. Businesses that ignore the rise of Bitcoin and its fellow digital currencies will do

Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. WideOpenWest — The U.S. cable operator saw its stock price increase 13.4% after it announced it will

Sharing is Caring! by confoundedinterest17 The Federal Reserve reminds me of the movie “Jaws” with a giant, predatory shark lurking under markets. Well, Jaws is at it again at reverse repos exploded to $992 billion. Despite the effective Fed Funds rate having stabilized at 10 basis points. Citi’s inflation surprise index is through the roof. The Fed

The Valens (VLNS), a leading manufacturer of cannabis products, has announced that it has entered into a manufacturing agreement with Gallery Brands, a premier cannabis brand house. Under the deal, The Valens will manufacture cannabis-infused beverages and edibles for Blessed and flir, two of Gallery’s flagship brands. The Valens’ CEO, Co-Founder, and Chair, Tyler Robson,

Take a look at some of the biggest movers in the premarket: Virgin Galactic (SPCE) – The space transportation company’s stock dropped 3% in premarket trading, after Bank of America Securities double-downgraded the stock to “underperform” from “buy.” BofA notes the recent spike in the stock after the company received approval to carry passengers into

Sharing is Caring! Originally posted at FMShooter A report from Icelandic newspaper, Stundin makes allegations that a key witness in the U.S.’s case against Julian Assange lied in most of his testimony. The Stundin article claims that FBI informant Sigurdur Ingi Thordarson exaggerated his role as a volunteer for WikiLeaks and also lied about his interactions with Assange to authorities. Stundin also alleges that Thordarson, known at the

Walmart (WMT) is expanding its range of healthcare products with the launch of a private brand of diabetes drug, insulin. Walmart pharmacies will begin selling ReliOn NovoLog insulin this week. The product will be available at Sam’s Club pharmacies in mid-July. Walmart’s ReliOn NovoLog insulin is available in the form of analog insulin vials and

In this article GE TXT FDX FB LEN FOXA MRNA MS Boxes containing vials of the Moderna Covid-19 vaccine are stored at the Kedren Community Health Center on January 25, 2021 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Moderna — Moderna

Sharing is Caring! by Michael Snyder What would you do if the water coming out of your faucets tasted like dirt?  I know how crazy that sounds, but this is actually happening in the capital city of California right now.  Conditions are incredibly dry because of the endless megadrought in the region, and water levels

Vaxart (VXRT) made a big splash last year, as one of the smaller companies to enter the Covid-19 vaccine race. However, while Vaxart’s Covid-19 vaccine candidate’s oral nature differentiates itself from the pack, the program has yet to reach full fruition and results have been mixed so far. Jefferies’ Kelechi Chikere says the candidate has

Stocks are expected to move higher in the second half of the year, propelled by strong earnings gains and super-charged economic growth. The market’s gains, however, are not expected to be as robust as in the first half, when indexes jumped by double digits and set multiple all-time highs. Strategists caution there are risks of

When stocks hit bottom, investors should take note. Stock prices fall for a reason, but those reasons don’t always mean that the stock is unsound. In fact, some fundamentally strong equities can fall to rock bottom prices – and when that happens, it’s a buying opportunity. Wall Street’s analysts are frequently on the alert for

Take a look at some of the biggest movers in the premarket: Big banks – Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), JPMorgan Chase (JPM) and Wells Fargo (WFC) all announced dividend increases after passing the Fed’s latest stress tests. Morgan Stanley and Wells Fargo both doubled their dividends, while Citigroup (C)

Sharing is Caring! by Lance Roberts “Warnings From Behind The Curtain” almost sounds like the title of a good “Cold War” fiction novel. However, this time, the story is of warnings for investors not often discussed by the mainstream media. Notably, there is a necessary clarification that must get made. Warnings have different degrees of outcomes. For example, a

Danish media outlets have teamed up to push for copyright deals with Facebook (FB) and Alphabet (GOOGL). Reuters reports that the media outlets are pushing for payments for content posted on the two tech giants’ platforms. Representatives from 29 Danish media companies are poised to meet on Friday to discuss how they will proceed on

Sharing is Caring! by Michael Snyder Everywhere you look, things are getting weird, and I don’t mean that in a good way.  Throughout all of our ups and downs over the decades, one thing that our society could always count on for a certain degree of consistency was nature.  But now nature is going haywire