Tag Archives: roaring

(Bloomberg) — Tesla Inc. shares are staging a comeback as investors expect the Elon Musk-led electric carmaker to navigate the crippling semiconductor shortage better than rivals that have been severely disrupted. Most Read from Bloomberg The stock gained as much as 0.9% to $850.99 in U.S. premarket trading on Monday, set for a 50% increase from a March 8 low of $563. That comes after eight weeks of gains, its longest winning streak since before the Covid-19 pandemic roiled markets. The… Source link

The data is in, and it says stock buybacks are back in a big way as companies seek out ways to keep their stock prices at elevated levels.  First quarter stock repurchases clocked in at $178.1 billion among S&P 500 companies, up 36.5% from the fourth quarter of 2020, according to new data out Tuesday from S&P Global. Buybacks were up 100.9% from the second quarter 2020 pandemic low of $88.7 billion.  Stock buybacks have the effect of lowering the number of shares outstanding for companies…. Source link

TipRanks 2 “Strong Buy” Stocks Around $10 With Triple-Digit Upside Potential The S&P 500 rose to another record high on Friday, and at least one strategist believes we’re at the start of a new bull market. Writing from LPL Financial, chief market strategist Ryan Detrick noted several market-historical points that indicate sustained gains are in the offing. Key among his points are the first quarter returns and the breadth of the current stock rally. On returns, Detrick highlights that… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, March 2, 2021 Manufacturing activity surges to a three-year high The U.S. economic recovery continues to be led by manufacturing. On Monday, IHS Markit and the Institute for Supply Management both released manufacturing activity data for February, with these reports showing the sector growing at the fastest pace in several years. The ISM’s manufacturing PMI registered a reading of 60.8,… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could Rally Over 100% Bank of America has a strong reputation for keeping finger on the pulse of the financial world – and one of its key tools is the Global Fund Manager Survey, conducted monthly and seeking opinions from more than 200 hedge fund, mutual fund, and pension fund managers who hold a combined $645 billion in AUM. It’s the largest regularly conducted survey of its kind. And BofA most recent findings show that Big Money is feeling… Source link

There appears to be light at the end of the tunnel for the movie industry, which was ravaged by the coronavirus pandemic. After a record year in 2019, box office sales globally plummeted 71% last year as movie theaters struggled with pandemic-induced shutdowns and capacity restrictions, according to Comscore. IMAX CEO Richard Gelfond told Yahoo Finance Live that with the COVID-19 vaccine rollout, he’s hopeful the movie industry will bounce back by the summer. “There’s a lot of terrific… Source link