(Bloomberg) — Goldman Sachs Group Inc. lowered earnings estimates for the S&P 500 Index for each year till 2024, saying margins contraction in the third-quarter signals more pain ahead. “We believe S&P 500 margins have inflected downwards and lower our estimates to incorporate greater margin contraction,” strategists including David J Kostin wrote in a note […]
Read More(Bloomberg) — Gold Fields Ltd. said it won’t raise its offer for Yamana Gold Inc. after two Canadian rivals teamed up with an unsolicited $4.8 billion bid to break up an earlier merger agreement with the South African miner. Its offer for Yamana is “strategically and financially superior” to the deal put together by Pan […]
Read MoreCatalyst Pharmaceuticals, Inc., a commercial-stage biopharmaceutical company, focuses on developing and commercializing therapies for people with rare debilitating, chronic neuromuscular, and neurological diseases in the United States. It offers Firdapse, an amifampridine phosphate tablets for the treatment of patients with lambert-eaton myasthenic syndrome (LEMS); and Ruzurgi for the treatment of pediatric LEMS patients. CPRX $14.0600 […]
Read More(Bloomberg) — Another tech plunge, another shot in the arm for stock quants mounting a big comeback in Wall Street’s awful year. As the Federal Reserve ramped up its hawkish policy guidance this week on still-raging inflation, the once-booming Faang megapcaps lost a further $568 billion in market value, bringing the cohort’s total capitalization to […]
Read More(Bloomberg) — Last November in Glasgow, the world’s climate leaders were locked in a fierce debate over whether the final draft of the summit’s agreement should include a pledge to “phase-out” or “phase-down” coal. Since then, the more appropriate term would probably be “phase-up.” Even as the globe is increasingly battered by floods, droughts and […]
Read More(Bloomberg) — Berkshire Hathaway Inc.’s insurance businesses took a hit in the third quarter as the sector grappled with the fallout from Hurricane Ian and increased frequency and severity of claims in the auto space. The conglomerate run by billionaire Warren Buffett posted a $962 million loss on its insurance underwriting businesses, the company said […]
Read MoreOccidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. OXY $73.2700 1.1100 % 1.5400 Occidental Petroleum Corp Sector : Oils-Energy Industry […]
Read More(Bloomberg) — The Federal Reserve suggested on Friday that lofty home prices could be susceptible to steep declines after big run-ups in recent years on the back of ultra-low interest rates. “With valuations at high levels, house prices could be particularly sensitive to shocks,” the Fed said in its semiannual Financial Stability Report released Friday. […]
Read MoreWarrior Met Coal, Inc. produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. HCC $37.8800 1.2500 0 Warrior Met Coal Inc Sector : […]
Read MoreThe J. M. Smucker Company (SJM) The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee. SunOpta Inc. (STKL) SunOpta Inc. manufactures and […]
Read MoreRanger Oil Corporation (ROCC) Ranger Oil Corporation, an independent oil and gas company, engages in the onshore exploration, development, and production of crude oil, natural gas liquids, and natural gas in the United States. It engages in drilling unconventional horizontal development wells. Albemarle Corporation (ALB) Albemarle Corporation develops, manufactures, and markets engineered specialty chemicals worldwide. […]
Read MoreBuy Price: $24.75 or better Sell Price: TradersPro Sell Signal HighPeak Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids reserves in the Midland Basin in West Texas. The stocks founds in the One Hot Stock category use stocks that are […]
Read MoreThere are any number of dynamics that come to play in the markets at any given time. That means that the ebb and flow of economic health on either a national or global scale can be tied to a lot of different societal elements. Those varying elements include political and geopolitical shifts, social perceptions and […]
Read MoreMarket conditions are Mildly bearish in a Bear Market as of 2022-11-03. This means traders and investors should consider trading with a bearish bias by raising stop levels on winners and selling losers. The rank of the Bear Market is -19.96 which indicates the current market conditions are Extreme, Risk of a reversal is high. […]
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