Pacific Western Bank signage is displayed outside a bank branch in Beverly Hills, California, May 4, 2023. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. PacWest Bancorp — Shares rose 19.6%. The closely followed regional bank sold around $2.6 billion worth of construction loans to a subsidiary …
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Source: Peshkova / Shutterstock Most of the tech stocks that were amidst a selloff at the same time last year have rallied impressively in 2023. The two biggest tech companies are close to surpassing their peaks back in 2021, while others like Meta Platforms (NASDAQ:META) and Netflix (NASDAQ:NFLX) have more than doubled their value from …
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Source: Sergei Elagin / Shutterstock Block (NASDAQ:SQ) is facing an array of intense, ominous threats, and its shares are not exactly cheap. Given these points, I continue to recommend that investors sell SQ stock. The company is somewhat vulnerable to declines in the value of bitcoin, and Square’s involvement in cryptos exacerbates the chances that …
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Healthcare stocks are an attractive prospect right now. Nearly 18% of the U.S. GDP went toward healthcare in 2021, which will only continue growing as the population gets older and sicker. This structural trend should be a rising tide that lifts all boats and will likely play out globally. But which are the best healthcare stocks to buy? There …
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U.S. stocks opened marginally higher on Monday, with the S&P 500 and Nasdaq Composite hovering just below their highest levels since August, as investors waited to hear more about the fraught debt-ceiling negotiations in Washington. The S&P 500 SPX, +0.02% gained 2 points, or less than 0.1%, to trade at 4,193 shortly after the open. …
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As 2023 unfolds, it brings about several new possibilities in the investment arena, breathing new life into promising growth stocks. After tech stocks were punished in 2022, many of the top tech growth stocks are showing signs of a vibrant comeback. However, sectors previously flourishing, such as energy stocks and regional banks, are now facing …
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Source: Michael Vi / Shutterstock.com China-based electric vehicle manufacturer Nio (NYSE:NIO) tried to spin its April delivery data as positive. However, NIO stock traders should consider whether the automaker is actually improving in its EV deliveries. Besides, it’s troublesome that Nio’s management is still not considering making its vehicles more affordable to the public by slashing …
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Debt-ceiling negotiations ran into trouble and spooked markets Friday, though analysts said setbacks should be expected in this process. “We’ve decided to press pause, because it’s just not productive,” said Republican Rep. Garret Graves of Louisiana, a deputy for House Speaker Kevin McCarthy. Graves also suggested the Biden White House’s representatives in the talks were …
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