(Bloomberg) — The Biden administration is poised to fully block Russia’s ability to pay US bondholders after a deadline expires next week, a move that could bring Moscow closer to the brink of default. The Treasury Department’s Office of Foreign Assets Control is expected to let a temporary exemption lapse once it expires on May […]
Read More(Bloomberg) — Suspicious minds on Wall Street can be forgiven for seeing all the hallmarks of an illiquid bear-market trap in the Tuesday stock rebound. In recent months trading conditions in equities and bonds have gotten worse as money managers struggle to buy and sell in size without moving prices, with echoes of the 2020 […]
Read More(Bloomberg) — Elon Musk may be directing his buyer’s remorse at Twitter Inc.’s bot problem. But underpinning the deal is a $13 billion debt bill that’s looking like a bigger burden by the day. The package, drummed up in a rush and signed by banks before the end of the billionaire’s beloved April 20 weed […]
Read More(Bloomberg) — Walmart Inc. tumbled the most in more than 20 years — and was headed for the worst rout since 1987 — after cutting its full-year profit outlook due to inflationary pressures, especially in food and fuel. The disappointing performance shook Wall Street’s faith in Walmart’s ability to cope with higher costs for merchandise, […]
Read More(Bloomberg) — Federal Reserve Chair Jerome Powell said no one should doubt the US central bank’s resolve to curb the highest inflation in decades, including pushing rates into restrictive territory if needed. “What we need to see is inflation coming down in a clear and convincing way and we’re going to keep pushing until we […]
Read MoreGrocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. GO […]
Read MoreClick the symbol for the chart and signal Encore Wire Corporation (WIRE) Encore Wire Corporation manufactures and sells electrical building wires and cables for interior electrical wiring in the United States. The company’s products include NM-B cables for use as interior wiring in homes, apartments, and manufactured housing. Atkore Inc. (ATKR) Atkore Inc. manufactures and […]
Read MoreOlin Corporation (OLN) Olin Corporation manufactures and distributes chemical products in the United States, Europe, and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. A10 Networks, Inc. (ATEN) A10 Networks, Inc. provides networking solutions in the Americas, Japan, other Asia Pacific, and EMEA countries. The company offers Thunder Application […]
Read MoreBuy Price: $118.55 or better Sell Price: TradersPro Sell Signal Hess Corporation, an exploration and production company, explores, develops, produces, purchases, transports, and sells crude oil, natural gas liquids (NGLs), and natural gas. The company operates in two segments, Exploration and Production, and Midstream. The stocks founds in the One Hot Stock category use stocks that are […]
Read MoreThe bear market for stocks isn’t over. In fact, it may have a ways to go. This bottom-fishing is more reminiscent of the “slope of hope” that bear markets typically descend than the “wall of worry” bull markets like to climb. That doesn’t mean the U.S. stock market couldn’t mount an impressive rally from current […]
Read More(Bloomberg) — Investors are piling into cash as the outlook for global growth drops to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey that points to continued stock-market declines. Cash levels among investors hit the highest level since September 2001, the report showed, with BofA describing […]
Read More(Bloomberg) — As the ruble’s official exchange rate parts ways with its value on the street, dollars are becoming hard to find. For Boris, a doctor based in Moscow, the search got so desperate that he pondered a high-tech, and seemingly improbable, black-market scheme that a friend was pushing. After interacting with a bot via […]
Read More