Day: July 8, 2022

Gold

JPMorgan Gold Desk Ripped Off Market for Years, Jurors Told

(Bloomberg) — The precious-metals business at JPMorgan Chase & Co. operated for years as a corrupt group of traders and sales staff who manipulated gold and silver markets for the benefit of the bank and its prized clients, a federal prosecutor told jurors in Chicago. “This case is about a criminal conspiracy inside one of […]

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Bots
Elon Musk
Twitter

Musk Backs Out of $44 Billion Twitter Deal Over Bot Accounts

(Bloomberg) — Elon Musk said he’s terminating his $44 billion agreement to acquire Twitter Inc. and take it private, triggering a legal fight with the company. Twitter has made “misleading representations” over the number of spam bots on the social network, and hasn’t “complied with its contractual obligations” to provide information about how to assess […]

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TradersPro Alerts

Top Stock and ETF List To Consider Now

NEW BUYS Symbol Last ST Trend Signal St. Rank TH Target Hospitality Corp $7.61 Up Buy 99 SRTS Sensus Healthcare Inc $9.05 Up Buy 99 IRTC Irhythm Technologies Inc $141.72 Up Buy 99 RELL Richardson Electrncs $15.45 Up Buy 98 MCK Mckesson Corp $331.20 Up Buy 98 ETF NEW BUYS Symbol Last ST Trend Signal […]

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Consumer Staples
Grocery
Trade Of The Day

It’s Go Time For Grocery Outlet Holding Corp. (GO)

Grocery 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. GO $44.2200 -0.6100 % -1.3600 Grocery Outlet Holding Corp Sector : Consumer Staples Industry : Consumer Prdts […]

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Aerospace
Defense Stocks
Top Stocks
Top Stocks To Watch

3 Aerospace Defense Stocks To Buy Now

Northrop Grumman Corporation (NOC) Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company’s Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. Huntington Ingalls Industries, Inc. (HII) Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: […]

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Gas Prices

Gasoline Prices in US See Biggest One-Day Drop Since 2008

(Bloomberg) — Gasoline prices in the US just saw the biggest single-day drop in more than a decade. Average US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest daily drop since December 2008, according to auto club AAA. Prices at the pump have been falling for the past 24 […]

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Auto Industry
Daily Rundown
Deathcare
Food Products
Water Management

Food Products, Water, Auto, International Deathcare

Flowers Foods, Inc. (FLO) Flowers Foods, Inc. produces and markets packaged bakery products in the United States. It offers fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s, and Tastykake brand names. Sprouts Farmers Market, Inc. (SFM) […]

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Oil
Oil Refiners
One Hot Stock

Murphy USA Inc. (MUSA)- Buy Price: $255.25 or better

Buy Price: $255.25 or better Sell Price: TradersPro Sell Signal Murphy USA Inc. engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and […]

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Debt Default
Emerging Markets

Historic Cascade of Defaults Is Coming for Emerging Markets

(Bloomberg) — A quarter-trillion dollar pile of distressed debt is threatening to drag the developing world into a historic cascade of defaults. Sri Lanka was the first nation to stop paying its foreign bondholders this year, burdened by unwieldy food and fuel costs that stoked protests and political chaos. Russia followed in June after getting […]

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Consumer Staples
Food Products
Foodservice Market
Value Investing
Value Stocks

Is MKC’s bear market drop a great buying opportunity?

Being a value-oriented investor means that seeing stocks trading at or near historical lows tends to pique a value investor’s interest. For growth investors, that sounds odd since growth investing puts an emphasis on upward trends and stocks trading at or near historical highs.  Sometimes a long decline in a stock’s price can be attributed […]

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Stock Market Crash
Subprime Loans

John Paulson Hid Billions in Secret Trusts, Wife Claims

(Bloomberg) — John Paulson was accused by his wife Jenica of secretly creating a series of trusts to hide billions of dollars in assets from her in their divorce. Most Read from Bloomberg Jenica Paulson, 50, sued her husband Thursday in state court in Manhattan, claiming he and “a cadre of hand-picked agents and advisors” […]

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Economic Recession
Recession
Stock Market Correction
Stock Market Crash
U.S. Recession

BofA Says Recession Fears Prompt Investors to Dump Stocks Again

(Bloomberg) — Investors are hoarding cash and hiding in US Treasuries as they dump equities amid fears that the US economy is headed for a recession. Nearly $63 billion flowed into cash in the week through July 6, while global equity funds had redemptions of $4.6 billion, according to Bank of America Corp. note citing […]

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Economic Recession
Recession
U.S. Recession

Recession May Be on Our Doorstep. Why That Could Be Good News for Investors.

Illustration by Elia Barbieri Economists and pundits who expect recession but not until 2023 may soon be surprised to find it already at our doorstep. That’s a big deal. It matters whether a recession comes sooner or later, for the following reasons. First, despite large setbacks in global equity and credit markets this year, investors […]

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Stock Market

US Index Futures Slide; Abe’s Death Shocks Traders: Markets Wrap

(Bloomberg) — A pall of gloom descended on global markets as former Japanese Prime Minister Shinzo Abe was shot to death. The news was a further blow to investors already reeling under the worst economic challenges since the 2008 financial crisis. They sent US stock-index futures European equities lower as they awaited employment data to […]

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