In this article WFC Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Wells Fargo isn’t out of the woods yet when it comes to its regulatory mess. That’s the message the bank sent in its most
admin
Jerome Powell, Chairman of the U.S. Federal Reserve, testifies before the Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., September 23, 2020. Kevin Dietsch | Reuters Following the Federal Reserve’s statement that it would start winding down its bond program, the futures market moved slightly to show that traders expect the Fed to
The Hourly View for CXP Currently, CXP (Get Ratings)’s price is down $-0.01 (-0.05%) from the hour prior. The hourly chart shows that CXP has seen 2 straight down hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Of note is
Boeing (NYSE:BA) is still struggling financially, even though it is again delivering the 737 Max that caused so much trouble last year. Boeing also recently reported another non-GAAP operating profit for its most recent quarter. However, BA stock is still drifting and its outlook is not that great — at least for the next several
It’s pretty easy to continue to buy growth in this market. Third-quarter earnings for big tech companies are crushing it. The economy is climbing the wall of worry that supply chain issues are promising. So why buy dividend aristocrat stocks? Well, first of all, these aren’t just dividend stocks. You need to think of these
Ocugen (NASDAQ:OCGN) is a stock that I continue to be wrong about. Over the past month, OCGN stock has gained more than 80%, greatly testing my patience. The stock has fallen from the $17 mark it reached this morning, but is still higher than I expected last month. Source: shutterstock.com/PhotobyTawat In my last article about
In this article ETH.CM= BTC.CM= Global investor Mark Mobius on Wednesday called cryptocurrencies a religion, joining a chorus of digital coin skeptics at a time when bitcoin and ether are trading near all-time highs. “It’s a not an investment, it’s a religion,” the founder of Mobius Capital Partners said on CNBC’s “Squawk Box.” “People should
In this article GPS DE CVS Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Activision Blizzard — The video game company tumbled more than 15% despite reporting better-than-expected quarterly earnings of 72 cents per share, compared to analysts’ estimates
The Hourly View for LOB At the time of this writing, LOB (Get Ratings)’s price is up $0.3 (0.32%) from the hour prior. The hourly chart shows that LOB has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving
Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
After much fanfare since its de-SPACing, Paysafe (NYSE:PSFE) is now trading below its initial $10 price. The stock reached its current price level of almost $8 after entering a downtrend from its highs of $18 in the beginning of the year. PSFE stock continues to be inside this downward trading channel. I believe that there
When it comes to Vinco Ventures (NASDAQ:BBIG) stock, investors continue to dig a larger hole for themselves rather than crafting a successful “mining operation” in the shares. Source: shutterstock.com/Postmodern Studio Let me explain. But first, let’s take a little trip back on memory lane to better understand how BBIG stock landed where it is today.
In this article AMZN A rendering of ABL Space’s RS1 rocket launching Project Kuiper satellites for Amazon. Amazon Amazon aims to launch its first Project Kuiper internet satellites in the fourth quarter of 2022, the company announced on Monday. The technology giant filed a request with the Federal Communications Commission to launch and operate its
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters This week, the Federal Reserve is widely expected to announce the unwinding of its monthly bond-buying program –
The Hourly View for CFX At the time of this writing, CFX (Get Ratings)’s price is up $0.06 (0.11%) from the hour prior. This is the 2nd hour in a row CFX has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages
No matter how you slice it, the so-called ‘transitory’ inflation that made headline after headline earlier this year, looks more permanent. In September, headline inflation increased at an annual rate of 4.4%. As reported by outlets, that was the fastest rate of increase since 1991. The Fed refers to core inflation as its primary measurement of
With the current headlines about the supply chain crisis, it may seem iffy to invest in retail stocks right now. Or is it? This latest issue, a side effect of the post-pandemic economic recovery, is affecting individual companies within the sector in different ways. Some retailers are well positioned to ride out this headwind. Others?
In this article CAR A customer boards an Avis Budget Group Inc. shuttle bus at the Denver International Airport (DEN) in Denver, Colorado, U.S., on Wednesday, Oct. 28, 2015. Luke Sharrett | Bloomberg | Getty Images Car rental stock Avis Budget surged Tuesday after the company reported a stronger-than-expected third quarter that sparked massive trading
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer jumped 4% in the premarket after the drugmaker reported better-than-expected profit and revenue for the third quarter. Pfizer earned $1.34 per share, 25 cents a share above estimates. The company also issued an improved full-year forecast on strong demand
The Hourly View for MEOH Currently, MEOH (Get Ratings)’s price is down $-0.38 (-0.83%) from the hour prior. MEOH has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists