(Bloomberg) — The first year of the Covid-19 pandemic fueled a frenzy for biotechnology stocks. Now, with vaccines in millions of arms and the omicron variant on the wane, there are signs investors are ready to move on. After cresting at nearly $5 billion a month in early 2020, inflows into health-care funds have slowed […]
Read More(Bloomberg) — The Federal Reserve faces a growing risk of making a policy mistake, tipping the economy into a recession, as it confronts decades-high inflation that’s proving more persistent and broad-based than policy makers expected. After holding interest rates near zero since the start of the pandemic, Fed Chair Jerome Powell and his colleagues are […]
Read More(Bloomberg) — Goldman Sachs Group Inc. strategists lowered their forecast for U.S. stock returns this year as the prospect of more aggressive monetary tightening weighs on valuations. The strategists cut their year-end target for the S&P 500 benchmark index to 4,900 points, down from 5,100 points previously. It compares with Friday’s close of 4,418.64. The […]
Read MoreTriumph Group, Inc. (TGI) Triumph Group, Inc. designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Aerospace Structures. Raytheon Technologies Corporation (RTX) Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, […]
Read MoreThis independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 3,942 gross wells. DVN $54.1100 1.8900 % 3.6200 Devon Energy Corp Sector : Oils-Energy Industry : Signal Short Term Trend Long Term Trend BUY UP UP Day: 3.62% […]
Read More(Bloomberg) — Cleveland-Cliffs Inc. piled on to the bad news for the steel industry Friday, saying that demand remained weaker than expected at the end of the year. The biggest culprit was the ongoing chip shortages in the automotive industry that prevented Cliffs’ car customers from meeting demand in the fourth quarter of the year. […]
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