Day: May 16, 2022

Banking Sector
Banks
Warren Buffett

Buffett Exits Wells Fargo Stake, Ending Decades-Long Bet on Bank

(Bloomberg) — Warren Buffett demonstrated he’s still bullish on U.S. retail banking — but not on Wells Fargo & Co. The billionaire investor ended his long-running bet on Wells Fargo during the first quarter, according to a filing Monday from his Berkshire Hathaway Inc. Berkshire also reported new stakes in banking giant Citigroup Inc. and […]

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Employment
Microsoft Stock
Wages

Microsoft Doubles Salary Budget to Retain Staff as Cost of Living Rises

(Bloomberg) — Microsoft Corp. plans to “nearly double” its budget for employee salaries and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation. The move will mainly affect “early to mid-career employees,” the software giant said in a statement […]

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Recession
Risk
Stock Market Risk

Stock Markets Are Overpricing Recession Risk

(Bloomberg) — Equity investors’ anxiety about a potential recession isn’t showing up in other parts of the market, which is giving JPMorgan Chase & Co. strategist Marko Kolanovic confidence in his pro-risk stance. US and European stock markets are pricing in a 70% chance that the economy will slide into recession in the near-term, according […]

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Energy Crisis
Energy Production
Energy Stocks
Oil

Oil Rose to Highest Since March as Fuel Markets Heat Up

(Bloomberg) — Oil rallied above $114 as a global squeeze on refined products prompted concerns about summertime supplies and continued to pull fuel prices higher. West Texas Intermediate rose 3.4% to the settle at highest level since late March. US gasoline futures topped $4 a gallon for the first time ever, while the national average […]

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Royalty Trust
Trade Of The Day

Here’s Why Permianville Royalty Trust (PVL) Is A Good Buy

Permianville Royalty Trust operates as a statutory trust. It owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from properties located in the states of Texas, Louisiana, and New Mexico. PVL $3.6100 0.1700 % 4.9400 Permianville Royalty Trust Sector : […]

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Electronics
Part Distribution
Top Stocks
Top Stocks To Watch

3 Electronic Parts Stocks To Buy Now

Click the symbol for the chart and signal Richardson Electronics, Ltd. (RELL) Richardson Electronics, Ltd. engages in the power and microwave technologies, customized display solutions, and healthcare businesses in North America, the Asia Pacific, Europe, and Latin America. The company’s Power and Microwave Technologies Group segment provides engineered solutions, power grid and microwave tubes. Avnet, […]

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Donald Trump
SPAC
Special Purpose Acquisition Company (SPAC)
Twitter

Trump’s SPAC Deal Leaves Door Open for His Return to Twitter

(Bloomberg) — The merger deal bringing Donald Trump’s media venture public carries a range of risks for its investors, including permission for the former president to resume tweeting about politics on rival social media platforms he has denounced like Twitter Inc. Trump, who will be chairman of the combined company that will bear his name, […]

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Inflation
Telecommunication
Wireless

Verizon Joins AT&T in Raising Wireless Prices as Inflation Bites

(Bloomberg) — Verizon Communications Inc. will raise prices on its wireless bills for the first time in two years as the largest US wireless carrier grapples with higher costs. Millions of consumers will see a $1.35 increase in administrative charges for each voice line starting in their June phone bill. And business customers will see […]

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Automotive Retail
Crude Oil
Daily Rundown
Petroleum
Specialty Chemicals
Toys

Chemicals, Toys, Crude Oil, Automotive Retail, Petroleum

Albemarle Corporation (ALB) Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. It operates through three segments: Lithium, Bromine, and Catalysts. The Lithium segment offers lithium compounds, including lithium carbonate, lithium hydroxide, lithium chloride, and lithium specialties. Mattel, Inc. (MAT) Mattel, Inc., a children’s entertainment company, designs and produces toys and consumer products worldwide. […]

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Coal
One Hot Stock

Alliance Resource Partners, L.P. (ARLP)- Buy Price: $19.45 or better

Buy Price: $19.45 or better Sell Price: TradersPro Sell Signal Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. The stocks […]

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Energy Sector
Liquefied Natural Gas
Oil and Gas Pipelines
Value Investing
Value Stocks

Is ET a good value under current market conditions?

Throughout 2022, one of the biggest storylines in the marketplace has been the pace of inflation. It’s been reflected in rising prices across the board all the way to the consumer level, and one of the places it has been most clearly seen is the price of crude. West Texas Intermediate (WTI) crude, which acts […]

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Housing Market
Housing Market Bubble
Interest Rates
Rising Interest Rates

Rate Hikes Hit Canada Housing With 1st Price Drop in Two Years

(Bloomberg) — Canadian home prices fell for the first time in two years as a rapid rise in interest rates looks set to threaten one of the world’s hottest housing markets. Benchmark home prices declined 0.6% in April from the month before, the first drop since April 2020, according to data released Monday from the […]

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China
China Economy
China Property Bubble
China Stock Market Crash

China’s Economic Activity Collapses Under Xi’s Covid Zero Policy

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. China’s economy is paying the price for the nation’s Covid Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery. Industrial output unexpectedly […]

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FAANG
Tech Stocks
Tesla

There’s No Greater Divide Than the Tesla Stock Gap

(Bloomberg) — Tesla Inc. looks more than ever like a mature company, with 11 consecutive quarters of profits and long-term production goals. Yet analysts couldn’t disagree more about where the shares of Elon Musk’s company are going. Their price targets — predictions for the electric-vehicle maker’s stock 12 months from now — range from a […]

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Best Stocks With Perfect Trade Setups

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