Day: July 1, 2022

Crypto Crash
Cryptocurrency Regulation

Crypto’s Brutal Week Ends With a Trading Halt and a Bailout

(Bloomberg) — The meltdown in cryptocurrency markets deepened this week, as major players contended with liquidations, withdrawal freezes, trading halts — and, at least in one case, a bailout. Crypto broker Voyager Digital Ltd. on Friday announced a suspension of trading, deposits and withdrawals, while BlockFi, a major digital-asset lender, won the backing of exchange […]

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Global Energy
Global Inflation
Oil Price

JPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian Cut

(Bloomberg) — Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. The Group of Seven nations are hammering out a complicated mechanism to cap the price fetched by Russian oil in a bid to tighten the […]

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Medical Drugs
Trade Of The Day

Altimmune, Inc. (ALT) Is Looking Good To Buy And Here’s Why

Altimmune, Inc., a clinical stage biopharmaceutical company, focuses on developing treatments for obesity and liver diseases. The company’s lead product candidate, pemvidutide (proposed INN, formerly known as ALT-801), is a GLP-1/glucagon dual receptor agonist that is in Phase 1b trial for the treatment of obesity and non-alcoholic steatohepatitis. ALT $11.2000 -0.5000 % -4.2700 Altimmune Inc […]

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Food Products
Top Stocks
Top Stocks To Watch

3 Food Stocks To Buy Now

The Chefs’ Warehouse, Inc. (CHEF) The Chefs’ Warehouse, Inc., together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company’s product portfolio includes approximately 50,000 stock-keeping units. The J. M. Smucker Company (SJM) The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. […]

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Base Metals
Economic Recession

Copper Sinks Below $8,000 in Bleak Signal for Global Economy

(Bloomberg) — Copper prices tumbled to a 17-month low, extending last quarter’s slump, as deepening fears about a global economic slowdown drive a rout in industrial commodities. The red metal, widely considered a barometer of the world economy, fell as much as 3.7% to $7,955 a metric ton in London. Prices collapsed 20% in the […]

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Daily Rundown
Electric Power
Pet Therapeutics
Pollution Control

Pets, Medicines, Vaccines, Turbochargers, Pollution Control

PetIQ, Inc. (PETQ) PetIQ, Inc. operates as a pet medication and wellness company in the United States and internationally. It operates in two segments, Products and Services. The company offers Rx pet medications, which include flea and tick control, heartworm preventatives and much more. Arrowhead Pharmaceuticals, Inc. (ARWR) Arrowhead Pharmaceuticals, Inc. develops medicines for the […]

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One Hot Stock

Arbutus Biopharma Corporation (ABUS)- Buy Price: $2.95 or better

Buy Price: $2.95 or better Sell Price: TradersPro Sell Signal Arbutus Biopharma Corporation, a biopharmaceutical company, develops novel therapeutics for chronic Hepatitis B virus (HBV) infection, SARS-CoV-2, and other coronaviruses in the United States. Its HBV product pipeline consists of AB-729, a proprietary subcutaneously delivered RNA interference product. The stocks founds in the One Hot Stock category […]

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Healthcare Solutions
Medical Devices
Medical Products
Value Investing
Value Stocks

Is MDT radioactive, or a big bargain?

During the early stages of the COVID-19 pandemic, one of the sectors of market that experienced major shifts in its business models was the Healthcare sector. The entire system – local clinics, hospitals, and more – had to conform to the mass amount of patients, making the sector consider several alternatives. Public and market focus, […]

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Global Inflation
Government Bonds
US Treasuries

Forget the 1970s — this market is drawing comparisons to the 1870s

The current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. According to Bank of America, government bonds are on track for their worst year since 1865, the year the U.S. Civil War ended. Meanwhile, the stock market, when adjusted for inflation, is on […]

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Stock Market Crash
Super Rich

Richest Billionaires Lose $1.4 Trillion in Worst Half Ever

(Bloomberg) — Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half. All told, the world’s 500 richest people lost $1.4 trillion in the first half of 2022, a dizzying decline that marks the steepest six-month drop ever […]

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Stock Market
Stock Market Correction
Stock Market Crash

BofA Says Brace for Recession Shock After Worst Rout in 52 Years

(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says. While expectations of aggressive rate hikes by the Federal Reserve are peaking, inflation expectations are not, and Bofa’s bull and bear indicator remains at […]

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Gold Bullion
Gold Miners
Gold Stocks

Gold Keeps Its Shine for Investors as Other Precious Metals Fade

(Bloomberg) — Investors cut holdings in exchange-traded funds for silver, platinum and palladium in the second quarter on fears that a potential recession will reduce industrial demand, but gold assets held up because of its role as a haven, and that may persist. Gold-backed ETFs shrank by just over 1% in the three months through […]

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Semiconductor Chip Shortage
Semiconductor Fabrication
Tech Industry
Tech Stocks

Micron’s Dim Outlook Suggests Tech Spending Is on the Wane

(Bloomberg) — Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a chip glut. The company — the largest US maker of memory semiconductors — warned that sales will be about $7.2 billion in its fiscal fourth […]

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