Month: October 2023

People walk by electric truck maker Rivian’s newly opened storefront in the Meatpacking District of Manhattan in New York City on June 23, 2023. Spencer Platt | Getty Images Check out the companies making headlines in premarket trading. Rivian — Shares of the electric vehicle maker plunged 8.7% after Rivian announced a $1.5 billion convertible bond sale
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While holding long-term investments, investors often find themselves at the crossroads of opportunity and risk. As October approaches a season historically known for market volatility, it’s crucial to scrutinize investment portfolios. This article contains an analysis of the financial turbulence surrounding three companies. The first one’s lending business hangs in the balance, susceptible to the
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McDonald’s french fries being prepared. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Rivian Automotive — Rivian Automotive shares tanked 19% after the electric vehicle maker announced plans to raise $1.5 billion in convertible notes and offered preliminary third-quarter revenue guidance roughly in line with Wall Street’s
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Breakwater Capital Group boosted its stake in iShares MSCI EAFE Growth ETF (BATS:EFG – Free Report) by 12.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,899 shares of the company’s stock after purchasing an additional 2,253 shares during the quarter. Breakwater Capital Group’s
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Semiconductor-producing companies are vital to the global economy because most electronic equipment, such as smartphones, vehicles, televisions, refrigerators and medical care devices require the technology. The VanEck Semiconductor ETF (NASDAQ:SMH) is a popular metric for tracking the industry as a whole. Over the past year, it has returned 43%, and over the past five years,
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Tandem Diabetes Care (NASDAQ:TNDM – Free Report) had its target price lowered by Jefferies Financial Group from $47.00 to $45.00 in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the medical device company’s stock. Other analysts have also recently issued reports about the
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The Fluor Corporation logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Fluor Corporation — The engineering and construction company gained 2% after UBS upgraded Fluor shares to buy. The Wall Street firm is bullish on Fluor after reaching agreements to complete
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At first glance, things seem rather bleak for the retail stocks category. Consumer spending is set to decline as the economy weakens. Inflation has caused folks to tighten their belts. The resumption of student loan payments will further crimp household budgets. And soaring interest rates make it harder to obtain affordable consumer credit. That’s all
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Values Added Financial LLC acquired a new position in Accenture plc (NYSE:ACN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 730 shares of the information technology services provider’s stock, valued at approximately $225,000. A number of other
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Morgan Stanley closed large banks’ second quarter earnings season on Wednesday morning with the most significant beat on Wall Street. Though the firm’s results were down from this time a year ago, they underscored that Wall Street’s biggest banks were able to navigate today’s lower for longer interest rate environment and recent jitters in global markets that
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In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT Bill Gross, Portfolio Manager, Janus Capital Group Lucy Nicholson | Reuters Widely followed investor Bill Gross believes Treasury yields have the potential to shoot even higher in the short run. “I think we’re gonna go to five [percent],” Gross said on CNBC’s “Last Call” on
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