MARKET PULSE Steelmaker Cleveland-Cliffs Inc. (CLF) is increasing its current spot market base prices for all carbon hot rolled, cold rolled and coated steel products by a minimum of $100 per net ton, taking its minimum base price for hot rolled steel to $1,200.
Stock experts often tout the merit of taking the long-term view rather than looking for short term gains. It’s a strategy that gets the thumbs up from Morgan Stanley’s US Equity Strategy team, led by Mike Wilson. Wilson has been one of the Street’s most vocal bears for a while, but while he does not see the bear market as over just yet, he forecasts a “stronger earnings picture” by next year. A friendlier monetary policy, high inflation receding, pent-up demand in investment/capex and in specifi
Hedge fund manager Bill Ackman sounds the alarm on the state of the U.S. economy amid a banking crisis and the Federal Reserve's fight against inflation.
Charles Schwab , one of a host of financial firms that have taken a drubbing since the collapse of several regional banks this month, is pushing back against fears that it could face some of the same problems as paper losses on its bondholdings mount. In an interview with The Wall Street Journal, Schwab’s chief executive said the brokerage giant could continue to operate even if it lost most of its deposits over the next year. “There would be a sufficient amount of liquidity right there to cover if 100% of our bank’s deposits ran off,” said Walt Bettinger, Schwab’s co-chairman and CEO, referring to the company’s banking unit.
Altria (MO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
For once, Wall Street isn't blaming Powell for a market beatdown. Here's how I expect things to play out as we edge toward the end of March.
Block shares 15% after short seller Hindenburg Research said the digital payment company formally known as Square has "systematically taken advantage of the demographics it claims to be helping."
Per reports, with backing of oil unions, the president of Brazil orders Petrobras (PBR) to halt the sale of assets, citing unfavorable conditions.
Realty Income, stock symbol O, is one of the most consistent dividend payers in the markets. Here's when and where to buy the dip.
The last few weeks have been rocky, with the collapse of Silicon Valley Bank, and the crypto-heavy Silvergate and Signature banks, dominating the headlines. For a short time, it seemed that the contagion would spread to the global financial giants. Now, however, it appears that we’ve managed to avoid a true banking crisis – and Raymond James’ chief investment officer Larry Adam has pointed out several reasons why. For starters, Adam notes that Credit Suisse, despite its troubles, found a way out
(Bloomberg) -- Hindenburg Research said it will soon release a new report, two months after the US short seller’s explosive allegations against Adani Group wiped more than $100 billion off the Indian conglomerate’s market value.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockShort Seller Hindenburg Says ‘Another Big One’ Coming SoonUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidFinally, a Serious Offer to Take Putin Off Ru
In this uncertain market environment, the educated investor would do well to seek out some signal that can cut through the noise and indicate the sound stock purchase choices. Following the legendary investors, the traders who build multi-billion dollar fortunes on the stock market trading scene, is a popular strategy – and when two of those investing legends agree… well, there’s a stock that should definitely get a second look. George Soros and Steve Cohen have both built fortunes, for themselv
Here's why 100K is a magic financial milestone.
When stock prices fall, opportunities open up. That’s true whether we’re talking about a general market decline, or a slip in some individual stocks. However, it is crucial for investors to conduct due diligence and investigate the reasons behind the drop in price to ensure that they are making informed investment decisions. The key to success here is recognizing when a low-priced stock is fundamentally unsound or just facing tough trading conditions. Fortunately, Wall Street’s equity analysts a
Carnival's (CCL) fiscal first-quarter performance is likely to have benefited from strong demand for cruising, relaxation in COVID-related protocols and acceleration in booking volumes.
The Dow Jones rose Thursday after a surprise drop in first-time jobless claims. Block shares plunged 22% after a short seller report.
The SPDR S&P Bank exchange-traded fund has been flatlining near the level it reached in November 2020, early in the pandemic.
MPLX, MMP and EPD are among the best inflation-protected investments in today's markets.
Wolfe Research analyst Nigel Coe took a look at what GE Aerospace and GE Vernova will be worth on a stand-alone basis. GE Vernova, GE's power generation businesses, are due to be spun out in early 2024.
Square plunged after Hindenburg Research disclosed a short position in SQ stock while claiming Cash App consumer services facilitate fraud.
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