Tag Archives: higher

It’s time to go all in on shares of MGM Resorts (MGM), contends Credit Suisse analyst Benjamin Chaikin.  The analyst hiked his rating on the casino operator to out-perform from neutral on Tuesday, citing the market overlooking several key upside catalysts.  “MGM has gone through a transformation, recently announcing four transactions, and we believe the market is not giving full credit. Pro forma, we see three drivers of upside: (1) a cleaner more simplified organization with a more… Source link

Stock futures opened slightly higher Wednesday after a choppy trading session, with investors closely monitoring developments in Congress as lawmakers raced to come to an agreement to avert a government default by mid-month.  During the regular trading day, the three major equity averages had shaken off earlier losses after Senate Minority Leader Mitch McConnell offered Democratic lawmakers a deal to temporarily extend the government borrowing limit into December. Such a move would offer… Source link

(Bloomberg) — Amazon.com Inc. shares fell sharply on Monday, taking the e-commerce giant into negative territory for the year, as a sustained rise in Treasury yields is hurting the earnings outlook for companies with high valuations. Most Read from Bloomberg Amazon shares fell as much as 2.5% on Monday and were on track for a sixth straight negative session, the longest such streak for Amazon since an eight-day drop that ended in August 2019. With the decline, the stock is now down 1.4% for… Source link

Stock futures opened higher Wednesday evening heading into the final session of September and the third quarter, with investors continuing to eye moves in Treasury bond yields and debates in Washington as a possible government shutdown looms.  Contracts on the S&P 500 ticked above the flat line. The index was on track to post its first monthly decline since January, with concerns around fiscal and monetary policy, inflation, regulations in China and the ongoing pandemic all colliding to… Source link

The real estate company said a payment due on Thursday, for an onshore renminbi-denominated bond, had ‘already been resolved through off-exchange negotiations’. Photo: Hector Retamal/AFP via Getty Images European stock markets were sharply higher on Wednesday as worries over the Evergrande crisis in China started to ease. The real estate company said a payment due on Thursday, for an onshore renminbi-denominated bond, had “already been resolved through off-exchange negotiations”. Traders… Source link

Stock futures opened slightly higher Tuesday evening after dropping during the regular trading day, with September selling pressure returning to markets even after a report showed a slower-than-expected rise in inflation last month. Contracts on the S&P 500 ticked above the flat line. Dow futures also steadied after the index shed nearly 300 points during the regular trading day, resuming declines and falling for the sixth time in seven sessions. Shares of technology heavyweight Apple (AAPL)… Source link

Corporate tax increases are necessary for the U.S. to better compete globally, U.S. Commerce Secretary Gina Raimondo told Yahoo Finance Live in an interview. House Democrats are out with a proposal to raise the tax rate on companies with income of at least $5 million to 26.5%.  “If American business is going to compete, we need these investments,” Raimondo said. “And then the question is, how do you pay for them. I don’t know any business leader who thinks that it would be… Source link

Stock futures opened higher Monday evening after a mixed session earlier, as traders awaited a highly anticipated new inflation report. Contracts on the S&P 500, Dow and Nasdaq were each slightly higher as the overnight session kicked off. During the regular trading day, the S&P 500 and Dow rose to each end five-session losing streaks, while the Nasdaq extended last week’s losses.  On Tuesday, traders are set to receive the Labor Department’s August consumer price index (CPI), which is likely… Source link

The threat of higher taxes in 2022 and their impact on the bottom lines of companies — and potentially the stock market — has returned to center stage after a summertime slumber.  But by and large, investors don’t appear to either care or don’t realize the risks to companies associated with higher taxes.  “The market appears to be only partially pricing an increased tax rate in 2022,” said Goldman Sachs chief U.S. equities strategist David Kostin in a research note on Monday. “Prediction… Source link

Stock futures were listless in Thursday’s after-hours trade, after market jitters culminated in a four-day losing streak, underscoring how investors are growing more cautious about the COVID-19 pandemic’s impact on the economy.  During Thursday’s regular session, Wall Street logged a 4th consecutive day of losses. Traders have been struggling to reconcile a seemingly hot jobs market with soaring coronavirus infections that have blunted the recovery’s momentum. With COVID-19 deaths and… Source link