Tag Archives: Stock

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, July 20, 2021 The stay-at-home trades comes back to life Stocks did not have a good start to the week.  On Monday all three major averages fell more than 1%, with the blue chip Dow Jones Industrial Average (^DJI) losing more than 2%. And while these declines mean the S&P 500 (^GSPC) is only 2.5% from its record, underneath the surface of… Source link

(Bloomberg) — For two decades Chinese tech firms have flocked to the U.S. stock market, drawn by a friendly regulatory environment and a vast pool of capital eager to invest in one of the world’s fastest-growing economies. Now, the juggernaut behind hundreds of companies worth $2 trillion appears stopped in its tracks. Beijing’s July 10 announcement that almost all businesses trying to go public in another country will require approval from a newly empowered cybersecurity regulator… Source link

New Street raised the price target for the Yandex N.V. (NASDAQ:YNDX) stock to “a Buy”. The rating was released on April 06, 2021. The stock was upgraded by BofA Securities, who disclosed in a research note on November 24, 2020, from Neutral to Buy and set the price objective to $80. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report… Source link

Moderna, which has seen its stock surge 250% over the past year as it helps vaccinate the world from the coronavirus, will officially enter the S&P 500 on July 21. The news sent shares popping more than 8% to $282 in Friday’s session as the stock will likely be purchased by fund managers who benchmark to the S&P 500. But Jefferies analyst Michael Yee tells Yahoo Finance Live he thinks the run in Moderna stock (MRNA) is far from done.  “Moderna is the Tesla of biotech,” says Yee, pointing to… Source link

Stock futures opened lower Thursday evening to extend decline from the regular session.  Contracts on the S&P 500 moved to the downside. Earlier during the regular session, the Nasdaq lagged, with technology and growth stocks coming under selling pressure as concerns over the strength of the U.S. economy recovery increased.  This week, investors have taken in a bevy of new economic data alongside an early batch of second-quarter earnings results. On the economic side, data have been mixed,… Source link

Yandex NV (YNDX) stock is higher by 27.36% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver’s proprietary ranking system, gives YNDX stock a score of 65 out of a possible 100. That rank is chiefly influenced by a short-term technical score of 70. YNDX’s rank also includes a long-term technical score of 69. The fundamental score for YNDX is 56. In addition to the average rating from Wall Street analysts, YNDX stock has a mean… Source link

While the S&P 500 and Dow Jones Industrial Average have continued to power to new highs seemingly everyday this summer, the small-cap Russell 2000 Index has been OK with sitting the dance out completely.  After peaking in March, strategists at Renaissance Macro Research note the Russell 2000 Index is now at new year-to-date relative lows versus the S&P 500. Over the last six months, the Russell 2000 Index — which houses smaller U.S. focused companies — is up a mere 1.9%. The S&P 500 and… Source link

Stock futures opened near the flat line Tuesday evening as investors looked ahead to more corporate earnings results and another batch of inflation data. Contracts on the S&P 500 was little changed. During Tuesday’s regular session, the blue-chip index rose to a record intraday high before pulling back and ending lower. Each of the Dow and Nasdaq also pulled back, with cyclical areas of the market like airline stocks and financials posting some of the biggest declines.  Concerns over the pace… Source link

Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link

U.S. stock futures hugged the flat line Monday evening after a record-setting session, with the prospect of strong earnings results helping fuel a rise to all-time highs for the major equity indexes. Each of the S&P 500, Dow and Nasdaq ended the session at record closing levels. The financial sector outperformed with big banks poised to be the first major companies out the gate to report second-quarter results, with JPMorgan Chase (JPM) and Goldman Sachs (GS) reports on deck Tuesday morning…. Source link