Tag Archives: market

If I asked you to name the person who most epitomizes today’s stock market you might say Roaring Kitty (aka Keith Gill) or Vlad Tenev, CEO of Robinhood, or some other millennial meme-stock trading bro. They’re the ones driving the narrative, right? I would argue instead for someone who appears to be the exact opposite of that stereotype: A 65-year-old female financial services insider, who supported Donald Trump and has deep religious convictions—and paradoxically, (or perhaps… Source link

(Bloomberg) — Equity traders frustrated by recent sleepy volumes are getting a big liquidity boost. Stock transactions spiked Friday amid a quarterly event colloquially known as quadruple witching, when options and futures on indexes and equities expire. As of 11:05 a.m. in New York, volume on S&P 500 stocks was 24% above the average for that time of day over the past 30 sessions as the benchmark almost erased an earlier loss of 0.7%. The event usually brings single-day volumes that rank… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, March 19, 2021 ‘Worriers are going to worry,’ Bank of America says Stocks hit record highs on Wednesday after the Fed’s latest policy statement. Stocks got crushed on Thursday as investors thought more about the Fed’s latest policy statement. In this kind of environment, it’s hard to know what to believe. But strategists at Bank of America led by Ajay Singh Kapur argue in a note published… Source link

North America, Europe, China, Japan, Rest of the World, September 2020,- – The Ridesharing Market research report includes an in-sight study of the key Global Ridesharing Market prominent players along with the company profiles and planning adopted by them. This helps the buyer of the Ridesharing report to gain a clear view of the competitive landscape and accordingly plan Ridesharing market strategies. An isolated section with top key players is provided in the report, which… Source link

A strong case could still be made to long stocks even as rising 10-year yields continue to place pressure on certain sectors of the markets, argues Merrill Lynch strategists. “We think the three pillars of the bull market are firmly in place — massive free liquidity, an exceptionally strong EPS growth cycle and substantial market breadth,” Merrill Lynch equity strategists Ajay Singh Kapur and Ritesh Samadhiya co-wrote in a research note on Thursday. They believe a “bullish cocktail” for… Source link

Bloomberg Biden Eyes First Major Tax Hike Since 1993 in Next Economic Plan (Bloomberg) — President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.Unlike the $1.9 trillion Covid-19 stimulus act, the next initiative, which is expected to be even bigger, won’t rely just on government debt as a funding source. While it’s been… Source link

AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link

Shares of Yandex rose 6.7% to $64.35 at 14:01 EST on Tuesday, following last session’s upward trend. NASDAQ Composite is jumping 3.75% to $13,082.28, following last session’s downward trend, This seems, at the moment, a very positive trend exchanging session today. Yandex’s last close was $63.63, 15.49% under its 52-week high of $74.32. Yandex’s Sales Yandex’s sales growth is a negative 98% for the ongoing quarter… Source link

TipRanks AI Is Here; 3 ‘Strong Buy’ Stocks That Stand to Benefit Hi tech is the cool kid of investment sectors, offering an unbeatable combination of cutting edge chic and long-term stock market returns. It’s understandable; our digital world has clearly passed a point of no return in the integration of tech with our daily lives. Tech companies, whether large or small, are clearly in a position to gain from this trend, offering the products and innovations that will facilitate and expand… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link