Banking Sector

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U.S. Hiring Rose At Its Fastest Pace In Nearly A Year In July With Payrolls Rising By 943,000

Plus, Virgin Galactic shares are up after the company announced it is reopening ticket sales for its space flights, Novavax said it is delaying submission to the FDA for emergency use authorization for its COVID-19 vaccine until the fourth quarter, and Levi Strauss is breaking into the athletic apparel industry in purchasing Beyond Yoga.

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Robinhood Shares Sink As Shareholders Plan To Sell Nearly 98 Million Shares

Plus, Penn National announced it is buying Score Media and Gaming’s theScore, JPMorgan’s new healthcare unit is making its first investment, and Astra Space announced its first spaceflight since going public.

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Square Shares Jump On Afterpay Acquisition For $29 Billion

Plus, HSBC and Heineken delivered earnings beats, Parker Hannifin is buying Meggitt for $8.8 billion, and Foot Locker bought two smaller shoe retail chains for $1.1 billion.

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Banking Sector
Financial Sector
One Hot Stock

Capital One Financial Corporation (COF) – Buy Price: $165.00 or better

Buy Price: $165.00 or better Sell Price: TradersPro Sell Signal Capital One Financial Corporation operates as the financial services holding company for the Capital One Bank (USA), National Association; and Capital One, National Association, which provides various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: […]

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Banking Sector
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Trade Of The Day

Is Live Oak (LOB) Stock a Solid Choice Right Now?

Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. […]

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Banking Sector
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One Hot Stock

Live Oak Bancshares, Inc. (LOB) – Buy Price: $63.00 or better

Buy Price: $63.00 or better Sell Price: TradersPro Sell Signal Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various commercial banking products and services to individuals, small businesses, and professionals in North Carolina, the United States. The company accepts various deposit products, including noninterest-bearing demand, as […]

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United Airlines Shares Climb Higher After Airline Forecast The Rebound In Travel Will Continue

Plus, Coca-Cola said its second quarter revenue topped 2019 levels, Bitcoin is rebounding, and Ford is partnering with Argo AI and Lyft on an autonomous vehicle fleet.

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Bitcoin Drops Below $30,000 As Investors Ditch Risk Assets Amid Worsening Conditions

Plus, IBM delivered an earnings beat, UBS reported a 63% jump in net profit last quarter, and Nasdaq is spinning off its Nasdaq Private Market business.

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Jobless Claims Hit Pandemic Era Low Of 360,000 Last Week

Plus, Morgan Stanley delivered an earnings beat, Taiwan Semiconductor said it expects sales to rise more than 20% in 2021, and Netflix is pushing into video games with its latest executive hire.

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TradersPro Saturday

Recent Weakness In Stocks Like These 4 Has Created A Buying Opportunity – Here’s What To Watch Now

Big bank earnings may have dominated headlines this week, but traders say recent weakness in regional bank stocks has created a great buying opportunity. Here are 4 stocks in the sector to keep an eye on now.

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S&P 500 Rises To New Intraday High As Powell Says Fed Is “Still A Ways Off” From Altering Policy

Plus, Apple asked suppliers to increase iPhone production by 20%, Citigroup delivered an earnings beat, and a short seller accused Oatly of misleading investors and consumers.

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Inflation Surged 5.4% In June Marking Fastest Pace In Nearly 13 Years

Plus, bank earnings kicked off this morning with JPMorgan and Goldman Sachs delivering beats, Boeing cut its delivery target for its 787 Dreamliner for this year, and Mastercard and Verizon announced a new partnership.

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Big Tech Stocks Slide As President Biden Prepares To Sign Executive Order To Crackdown On Anticompetitive Practices

Plus, Wells Fargo said it is shutting down all personal lines of credit to focus more on its credit card and personal loans business, Pfizer plans to apply for emergency use authorization for a booster shot of its COVID-19 vaccine in August, and Stamps.com has agreed to be taken private by Thoma Bravo.

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United Airlines Buying 270 Boeing & Airbus Jets In Fleet Overhaul

Plus, JPMorgan is buying OpenInvest, Walmart will start offering its own brand of analog insulin at a cheaper price for diabetes patients, and Capri Holdings raised its revenue guidance for the year on rising luxury sales.

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Federal Reserve Now Expects Two Rate Hikes By The End Of 2023

Plus, jobless claims unexpectedly rose last week, Curevac shares are down after the company said its COVID-19 vaccine was only 47% effective in interim results for a large late-stage trial, and Microsoft CEO Nadella was elected chairman of the company’s board.

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