(Bloomberg) — The recent rebound in U.S. stocks is a good opportunity to sell and position more defensively, according to one of Wall Street’s most vocal bears. “Last week was nothing more than a vicious bear market rally,” Morgan Stanley’s chief U.S. equity strategist Michael Wilson wrote in a note. “While it may not be […]
Read More(Bloomberg) — Dethroning the dollar is easier said than done. That’s the conclusion of investors after Washington’s freeze of Russia’s dollar holdings created fresh impetus among central bankers to rethink the security of access to foreign-exchange reserves. The move fueled speculation that countries such as China could redouble efforts to unshackle itself from greenback-denominated financial […]
Read More(Bloomberg) — The S&P 500 and Nasdaq 100 indexes are coming off their best weeks since November 2020 even after a rough start to the year. But the question now for investors is whether the gains will stick. It’s a unique moment for the U.S. stock market, which is staring down a distinct set of […]
Read More(Bloomberg) — Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production. The Saudi Arabian firm, like rivals such as BP Plc and Chevron Corp., has experienced a sharp turnaround from 2020, when the coronavirus pandemic hammered energy demand and […]
Read MoreClick the symbol for the chart and signal Eagle Bulk Shipping Inc. (EGLE) Eagle Bulk Shipping Inc. engages in the ocean transportation of dry bulk cargoes worldwide. The company owns, charters, and operates dry bulk vessels that transport a range of bulk cargoes, including iron ore, coal, grains, fertilizers, steel products, petcoke, cement, and forest […]
Read MoreRange Resources Corporation operates as an independent natural gas, natural gas liquids (NGLs), and oil company in the United States. The company engages in the exploration, development, and acquisition of natural gas and oil properties RRC $26.5500 -0.3700 % -1.3700 Range Resources Corp Sector : Oils-Energy Industry : Signal Short Term Trend Long Term Trend […]
Read More(Bloomberg) — No earnings? No problem. That was the message from investors this week who stormed back into the shares of faster-growing companies with little in the way of profits after months of chasing value stocks. While major benchmarks rallied, a Goldman Sachs index of unprofitable tech companies was up 18% over the five sessions. […]
Read More(Bloomberg) — A four-day rebound in biotechnology stocks may be about to gain momentum after an industry ETF rose above a key resistance level, according to the chief strategist at Miller Tabak. The iShares Nasdaq Biotechnology ETF, or IBB, climbed over its 50-day moving average Friday after twice failing to clear the barrier in the […]
Read More(Bloomberg) — Porsche will turn the 718 Boxster into an exclusively electric model from 2025 as the sports-car maker’s returns on the successful Taycan improve. The Volkswagen AG luxury unit will also offer a hybrid version of the iconic 911, it said Friday. The manufacturer, whose parent is preparing an initial public offering of the […]
Read More(Bloomberg) — It was perhaps the most widely-tracked coupon payment in history. After the Russian Finance Ministry on Monday sent an order initiating a $117 million payment due on dollar-denominated bonds this week, traders and money managers globally watched with bated breath as the money began to snake its way through the financial system. What […]
Read MoreClick the symbol for the chart and signal AmerisourceBergen Corporation (ABC) AmerisourceBergen Corporation sources and distributes pharmaceutical products in the United States and internationally. Its Pharmaceutical Distribution segment distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers. McKesson Corporation (MCK) McKesson Corporation provides healthcare […]
Read More(Bloomberg) — Amazon.com Inc. said it closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after regulators declined to challenge the deal, cementing the company’s biggest takeover in five years. The closing, announced Thursday in a statement on the company’s website, marks the latest deal by a U.S. technology giant to win approval despite criticism […]
Read More(Bloomberg) — Energy Secretary Jennifer Granholm and Senator Joe Manchin on Friday announced a program to develop lithium batteries in the U.S. as part of a broader strategy to help Appalachia amid a transition away from coal. Lithium-based batteries are critical components of electric vehicles, grid storage and weapons, but the U.S. relies on international […]
Read More(Bloomberg) — California is so awash with money that Wall Street is advising it to buy out some of its debt investors. Morgan Stanley and Loop Capital Markets suggested to Treasurer Fiona Ma that her office consider paying off some bonds early, public records obtained by Bloomberg News show. The pitches underscore the financial strength […]
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