Source: MJgraphics / Shutterstock The stock market has been hit a few headwinds in 2023. High inflation, interest rate hikes, and declining earnings have been put into focus. Despite the headlines, indices have performed well to start the year. The S&P 500 and Nasdaq-100 are up 8% and 23% year to date, respectively. Some investors …
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Oil futures finished lower on Friday as optimism surrounding a U.S. debt ceiling faded, but prices still notched a gain of more than 2% for the week. Natural-gas futures, meanwhile, ended sharply higher for the week, buoyed by prospects for tighter supplies. “Crude prices were having a great week as the U.S. economic outlook dramatically …
Source: Tada Images / Shutterstock.com Should dip-buyers consider investing in electric vehicle (EV) battery technology company QuantumScape (NYSE:QS) now? I hate to be the bearer of bad news, but the risk-to-reward profile isn’t ideal for QS stock in 2023. QuantumScape’s financials certainly aren’t favorable. In addition, it’s taking a very long time for QuantumScape to …
Continue reading “QS Stock Alert: QuantumScape Is a Money Pit NOT a Promising Investment”
American Airlines Group Inc. AAL, -1.87% and the union representing its pilots have reached a preliminary labor contract, the union said Friday. Allied Pilots Association said that next steps include presenting the preliminary agreement to its board. Earlier this month, the pilots had voted to authorize a strike if necessary. An agreement between American and …
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The 2-month T-bill rate led Friday’s rise in Treasury yields as investors continued to focus on the debt-ceiling debate and awaited an 11 a.m. Eastern time appearance by Federal Reserve Chairman Jerome Powell. The rate was up 20.1 basis points at 5.219% from Thursday’s close of 5.018%, according to 10:30 a.m. figures from Tradeweb data. …
Continue reading “2-month Treasury yield jumps to 5.22% ahead of Powell’s panel appearance”
Luxury fashion items sit on display beside tablet devices at the launch of the Farfetch “Store of the Future” pop-up exhibition, at the Design Museum in London, U.K., on Wednesday, April 12, 2017. Luke MacGregor | Bloomberg | Getty Images Check out the companies making headlines before the bell. Foot Locker — Shares tumbled more …
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The biotechnology (or biotech) sector is a crystal-clear illustration of risk and reward. Many biotech companies work on drugs and therapeutics for some of the most pernicious conditions affecting our society and healthcare system. But finding the best biotech stocks to buy is not always simple. Many biotech companies work on drugs for years. And …
Continue reading “Best Biotech Stocks to Buy: 3 Stocks on the Cusp of Breakthroughs”
I’d be the first to agree that Wall Street analysts are often wrong. Quite frequently, in fact, in the case of analyst downgrades, they focus excessively on minutiae, such as tiny “misses” (i.e., quarterly results that come in slightly below analysts’ average estimates) or a small decline in profit margins. And they often overlook or …
Continue reading “3 Analyst Downgrades That Smart Investors Won’t Ignore”
Shares of Catalent Inc. CTLT, +0.06% sank 5.2% toward a 4 1/2-year low in premarket trading Friday, after the manufacturer of products used by drug makers and consumer health companies cut its full-year revenue outlook, citing operational challenges and higher costs. The company now expects 2023 revenue of $4.250 billion to $4.350 billion from $4.625 …
Continue reading “Catalent stock sinks to 4 1/2-year low after revenue, income outlook”
