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johnson matthey plc said friday that it expects its underlying performance for fiscal 2022 to meet market expectations and that it foresees further disruption in fiscal 2023 the uk sustainabletechnologies company said that the current consensus for its underlying operating performance for the year ended march 31 is 549 million pounds 7178 million as of april 7 this compares with gbp504 million in fiscal 2021 the company attributed this rise to the performance of its cleanair and efficientnaturalresources units as they respectively experienced increased automotivecustomer activity as end markets partially recovered and higher average preciousmetal prices the company said it has continued to invest in its hydrogentechnologies unit to drive future growth where performance reflected investment and a scaleup of the business its health unit performed below expectations though it has previously said it has agreed to dispose of the business in mid2022 johnson matthey said it is entering a period of greater economic uncertainty going into fiscal 2023 it said it expects continuing supplychain disruption increased cost inflation and nearterm market volatility though in the longer term it anticipates growth opportunities in the acceleration to a netzero carbon economy

shares of boeing and merck are seeing positive momentum monday morning lifting the dow jones industrial average into positive territory shares of boeing ba and merck mrk have contributed to the bluechip gauges intraday rally as the dow djia was most recently trading 117 points or 04 higher boeings shares are up 500 or 39 while those of merck have climbed 334 or 38 combining for a roughly 55point boost for the dow other components contributing significantly to the gain include walgreens boots wba caterpillar cat and dow dow a 1 move in any one of the 30 components of the index equates to a 659point swing editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cameco corp cco shed 203 to c2028 tuesday on what proved to be an allaround rough trading session for the canadian market with the sptsx composite index gsptse falling 059 to 2036359 this was the stocks fifth consecutive day of losses cameco corp closed c634 below its 52week high c2662 which the company achieved on june 11th trading volume of 850664 shares remained below its 50day average volume of 992672 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of devon energy corp dvn slid 551 to 5812 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 040 to 382414 and dow jones industrial average djia falling 003 to 3313637 the stocks fall snapped a twoday winning streak devon energy corp closed 2128 below its 52week high 7940 which the company achieved on june 9th the stock underperformed when compared to some of its competitors tuesday as eog resources inc eog fell 391 to 12445 pioneer natural resources co pxd fell 356 to 22025 and occidental petroleum corp oxy fell 308 to 6105 trading volume 106 m eclipsed its 50day average volume of 100 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of telus corp t inched 007 higher to c2727 monday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 044 to 2070223 telus corp closed c738 below its 52week high c3465 which the company achieved on april 11th trading volume of 39 m shares eclipsed its 50day average volume of 28 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

workers and employers stand to save on healthinsurance premiums in the coming years as medicare drugpricing reforms recently passed by congress spill over into the commercial market and states piggybacking on the federal rules may amplify the impact health policy experts say although the inflation reduction act’s drugpricing provisions focus on the federal health program for seniors including requiring that the federal government negotiate prices for certain medicarecovered drugs a new analysis published since the law’s passage last month points to potential benefits for people in employersponsored health plans one of the law’s provisions requiring pharmaceutical companies to pay rebates to medicare when drug prices rise faster than inflation translates into about 315 billion in employer and employee premium and costsharing savings over the next nine years according to an estimate from nonprofit research organization west health policy center the estimate is based on a congressional budget office analysis of the law released last week states meanwhile may use the federal reforms as a springboard to rein in drug prices in stateregulated markets such as individual insurance markets and health plans for state workers according to the national academy for state health policy a nonpartisan policy group such reforms have been a topic of conversation at the group’s conference this week in seattle said hemi tewarson the organization’s executive director new research adds insight in debate over ira the developments shed light on a debate that has raged around the inflation reduction act will reining in drug prices in medicare prompt drugmakers to raise prices faster in the commercial market in the runup to the law’s passage employer groups raised alarms that the medicarefocused drugpricing reforms would lead to higher costs for people in employersponsored plans some health policy experts are skeptical of that argument in part because it suggests that drugmakers aren’t already maximizing their profits in the commercial market “i find it hard to believe these large forprofit drug manufacturers are benevolently leaving money on the table here at least on any sort of large scale” said loren adler associate director of the uscbrookings schaeffer initiative for health policy the new cbo analysis of the inflationrebate provision shows that the agency “does not estimate any costshifting onto the employer market instead finding savings” said sean dickson director of health policy at west health policy center “what this really means is we’re starting to bend the cost curve on the price of drugs they’re not going to be increasing at the same rates they have been” inflationrelated penalties in the new law are based on the number of units of a drug sold in medicare multiplied by any price increase exceeding inflation–and that pricechange factor includes prices charged in the commercial market the cbo projected that the inflationrebate provision will generate about 7 billion in additional revenues from payroll and income taxes through 2031 that increase in taxes stems from commercial insurance premiums falling due to lower drug spending researchers say generally employerpaid premiums aren’t subject to income and payroll taxes and the employeepaid portion is typically deducted from their paychecks pretax so “when you reduce premiums for employer health insurance that ends up shifting some amount of compensation into wages which do get taxed” adler said west health calculated the amount of premium reduction that would correspond to the additional tax revenues projected by the cbo finding nearly 24 billion in employer premium savings through 2031 and about 75 billion in employees’ premium and costsharing savings over that period asked about the cbo and west health estimates nicole longo spokesperson for industry group pharmaceutical research and manufacturers of america said in a statement “we’ve raised concerns all along that this law would impact other parts of the healthcare system” the law “will have a ripple effect that changes our healthcare system in a way that sacrifices access and innovation” she said business group on health a nonprofit that represents large employers and criticized the new law’s drugpricing reforms as creating “extraordinary risk for american employees and their families” also said that concerns remain the group acknowledges the possibility that inflation rebates could generate savings in the employer market said garrett hohimer the group’s vice president for policy and advocacy “but from our perspective it’s just a big maybe” companies facing revenue losses he said would naturally “seek to mitigate those losses in whatever ways they can” such as by raising prices for drugs not widely used in medicare federal law could help states rein in drug costs federally negotiated prices for certain medicarecovered drugs meanwhile will help pave the way for states looking to rein in drug costs more broadly policy experts say states could establish their own upper payment limits for example using the federal governmentnegotiated medicare prices as reference rates according to the national academy for state health policy those limits could apply to stateregulated markets such as for individual insurance or state employee health plans the academy said most workers covered in employer plans are in selfinsured plans meaning the employer bears the financial risk of the plan and those plans generally aren’t subject to state insurance laws but these plans could choose to use the state’s reference price for a drug said nashp’s tewarson “you only need a few big states to take this up for it to have a meaningful effect on the market” adler said with the federal government negotiating prices for certain drugs he said states can more easily pursue such reforms because “you’ve solved a lot of the administrative work by figuring out what those prices should be” six states including colorado and washington have established boards charged with tackling prescription drug affordability issues and in some cases these boards already have the authority to set upper payment limits for specific drugs according to nashp but states that don’t have such boards could also authorize their insurance departments to establish payment limits tewarson said “the states are interested” she said and they’ll be watching as the initial round of drugs are selected for negotiation the federal government is set to publish a list of those drugs next year although negotiated prices don’t take effect until 2026

shares of nordstrom inc jwn advanced 209 to 1805 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 041 to 390819 and dow jones industrial average djia falling 055 to 3114530 this was the stocks third consecutive day of gains nordstrom inc closed 1838 below its 52week high 3643 which the company achieved on november 18th the stock outperformed some of its competitors tuesday as tjx cos tjx fell 099 to 6289 ross stores inc rost fell 077 to 8672 and kohls corp kss fell 400 to 2829 trading volume 96 m eclipsed its 50day average volume of 66 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

tokyo dec 7 reuters japanese government bond yields rose on tuesday tracking us treasury yields higher while a weak result at a domestic 30year bond auction hurt inventor appetite the 10year jgb yield rose two basis points to 0055 and the 20year jgb yield added 15 basis points to 0460 us treasury yields rose overnight with the benchmark 10year climbing back above the 14 mark after hitting its lowest level since late september on friday in the wake of the november jobs report a japanese government auction of 30year notes on tuesday received demand worth 321 times the amount sold lower than a bidcoverratio of 345 times at the previous auction yields on longer ends also rose with the 30year jgb yield gaining one basis point to 0670 and the 40year jgb yield advancing 05 basis point to 0705 the twoyear jgb yield was unchanged at minus 0120 as the bonds were untraded while the fiveyear yield rose one basis point to minus 0095 benchmark 10year jgb futures fell 022 point to 15203 with a trading volume of 19972 lots

the numbers consumer spending jumped 08 in april the biggest increase in three months as american bought more new cars and drugs and increased outlays on services analysts polled by the wall street journal had forecast a 04 increase incomes rose 04 in april the government said friday consumer spending is the main engine of the us economy households have cut back since last year but they are still spending enough to keep the economy moving and avert a widely predicted recession key details americans spent more last month on new cars as more models become available and dealers offer greater incentives yet vehicle sales have been up and down for months and that pattern is likely to continue consumers also spent more on drugs financial advice insurance and other services the us savings rate fell for the firs time since last year to 41 from 45 savings had fallen last year to the lowest level since 2005 the personalconsumptionexpenditures index the federal reserve’s preferred inflation barometer increased a sharper than expected 04 in april big picture higher prices have forced households to pay more than they would like on everyday items but americans have increased spending even after inflation is taken into account a lot of that money is going toward travel recreation and other services a sign of confidence in the economy that kind of spending is the first to dry up in tough times whether consumers can keep it up will determine whether the us avoids a recession higher borrowing costs have added to their stress but rising wages and the lowest unemployment rate since the late 1960s are winds at their back market reaction the dow jones industrial average djia and sp 500 spx were set to open higher in friday trades

torontolisted stocks were sharply higher in midday trading monday after equities in september logged a 46 decline all sectors were pushing up with energy and materials leading the charge algonquin power utilities corp said it agreed to sell ownership interests in a portfolio of operating wind projects in canada and the us to international infrastructure investment manager infrared capital partners canadas sptsx composite index was 21 higher at 1883982 and the bluechip sptsx 60 climbed 21 to 114009 algonquin power utilities shares were 36 stronger at c1564 after the company said expects to receive about 277 million and around 107 million canadian dollars 774 million for a 49 ownership interest in three operating wind facilities in the us an 80 ownership stake in a 175 megawatt operating wind facility in canada shares in ats automation tooling systems inc rose 69 to c3897 after the company said it received an order valued at 167 million from an existing customer to expand the capacity of its automated battery module and pack assembly systems in north america wishpond technologies ltd said it is seeing improved growth after combining with recently acquired viral loops technologies inc which is proving to be a boon for greater cross selling and bundling opportunities with larger deal sizes wishpond acquired viral loops in april and said the subsidiary has seen increasing revenue and customer growth since then its shares were 39 higher at c072 montfort capital corp shares jumped nearly 15 to c047 after it announced the acquisition of a majority stake in langhaus financial partners inc the parent company of the independent insurance policybacked loans provider in canada for up to c94 million

shares of ross stores inc rost rallied 201 to 11237 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 138 to 479119 and the dow jones industrial average djia rising 098 to 3630238 this was the stocks fourth consecutive day of gains ross stores inc closed 2185 below its 52week high 13422 which the company reached on may 10th the stock outperformed some of its competitors monday as tjx cos tjx rose 073 to 7429 gap inc gps rose 150 to 1754 and overstockcom inc ostk fell 286 to 6105 trading volume 17 m remained 319066 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of hershey co hsy slumped 042 to 23890 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 003 to 413613 and dow jones industrial average djia falling 046 to 3408927 the stocks fall snapped a threeday winning streak hershey co closed 374 below its 52week high 24264 which the company reached on december 9th trading volume 757535 remained 229665 below its 50day average volume of 987200 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

when asked about black stone minerals lp bsm he said i like this situation don’t forget to check out our premarket coverage here that’s it one of these personalized oncology companies here’s what i say about those some of them are going to work and some are not cramer said when asked about kura oncology inc kura price action shares of biomarin pharmaceutical dropped 01 to close at 11115 while black stone minerals fell 15 to settle at 1571 on wednesday kura oncology shares gained 44 to close at 1247 during the session now read this investor optimism improves ahead of key inflation data

shares of microchip technology inc mchp rallied 211 to 7682 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 075 to 396351 and the dow jones industrial average djia rising 055 to 3378148 this was the stocks second consecutive day of gains microchip technology inc closed 1318 short of its 52week high 9000 which the company achieved on december 28th trading volume 37 m remained 15 million below its 50day average volume of 52 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of american water works co awk slid 116 to 14810 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 415487 and the dow jones industrial average djia falling 003 to 3397663 american water works co closed 2106 below its 52week high 16916 which the company achieved on april 21st despite its losses the stock outperformed some of its competitors tuesday as essential utilities inc wtrg fell 218 to 4263 american states water co awr fell 188 to 8893 and california water service group cwt fell 187 to 5770 trading volume 629910 remained 728596 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of energy transfer lp et inched 040 higher to 997 tuesday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 128 to 1419445 and the dow jones industrial average djia rising 106 to 3546278 energy transfer lp closed 158 short of its 52week high 1155 which the company reached on june 14th the stock outperformed some of its competitors tuesday as enterprise products partners lp epd fell 025 to 2410 williams cos wmb fell 098 to 3041 and kinder morgan inc kmi fell 097 to 1729 trading volume 205 m remained 33 million below its 50day average volume of 238 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

sydneyaustralian wage growth lagged well behind surging inflation in the first quarter raising fears about falling real incomes and complicating matters for the reserve bank of australia which signaled recently that it wants to raise interest rates quickly over the coming months the wage price index rose 07 in the first quarter of this year and rose 24 from a year ago according to the australian bureau of statistics economists had expected a 08 rise over the quarter and a rise of 25 from a year earlier the underwhelming data conflict somewhat with the rbas key policy contention that wages have started to grow strongly as the economy grows strongly and unemployment falls towards its lowest level since the early 1970s rba gov philip lowe justified the rbas first rise in official interest rates since 2010 on may 3 saying the central banks business liaison program was showing clear signs that wages were growing at speed australias inflation rate jumped to its highest level in 20 years in the first quarter prompting interest rates to rise earlier than had been anticipated financial markets expect the rba to lift the official cash rate to close to 20 by the end of the year from 035 currently mr lowe has argued that normalizing interest rates meant raising the cash rate closer to 25 wage rises across the private sector were the main driver of growth over the quarter increasing 07 in the first quarter and 24 annually regular annual wage and salary reviews drove wage growth for the sector with a small number of larger increases paid to retain and attract indemand skilled workers the abs said public sector wages grew 06 for the march quarter and 22 annually

shares of henry schein inc hsic inched 018 higher to 8898 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 003 to 413613 and dow jones industrial average djia falling 046 to 3408927 this was the stocks third consecutive day of gains henry schein inc closed 370 short of its 52week high 9268 which the company achieved on april 14th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as stryker corp syk fell 087 to 26466 idexx laboratories inc idxx rose 140 to 50365 and mckesson corp mck fell 030 to 36585 trading volume 10 m eclipsed its 50day average volume of 859141 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of albemarle corp alb slumped 044 to 25539 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 080 to 366578 and dow jones industrial average djia falling 030 to 3033359 the stocks fall snapped a threeday winning streak albemarle corp closed 5285 below its 52week high 30824 which the company reached on september 14th the stock demonstrated a mixed performance when compared to some of its competitors thursday as wr grace co gra rose 003 to 6999 avient corp avnt fell 201 to 3223 and basf se adr basfy rose 037 to 1098 trading volume 10 m remained 375403 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of agnicoeagle mines ltd aem slid 184 to c7609 thursday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 049 to 2070050 agnicoeagle mines ltd closed c857 short of its 52week high c8466 which the company achieved on april 18th trading volume of 19 m shares eclipsed its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

stockholmericsson ab on friday posted a smallerthanexpected secondquarter net loss and said trends and market mix will likely be similar in the third quarter the swedish telecommunicationsequipment company said sales in its key networks unit fell 8 on the year with strong sales mainly in india helping to partially offset a 50 sales drop in north america where customers have cut spending and reduced inventory after high investment levels in 2021 and 2022 ericsson reported a net loss attributable to shareholders of 686 million swedish kronor 672 million compared with a profit of sek45 billion a year earlier as sales rose 3 to sek6444 billion analysts polled by factset had expected a net loss of sek127 billion on sales of sek6394 billion earnings were weighed by restructuring charges of sek31 billion in the quarter mainly from redundancy expenses that are part of its continuing cost cutting the earnings before interest tax and amortisation margin excluding restructuring fell to 57 from 120 in line with the midsingledigit level guided by ericsson overall we thus expect 3q ebita margin excluding restructuring charges to be in line with or slightly higher than 2q followed by a seasonally stronger 4q it said

shares of intel corp intc shed 337 to 2752 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 the stocks fall snapped a threeday winning streak intel corp closed 2876 below its 52week high 5628 which the company reached on january 12th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nvidia corp nvda fell 566 to 13776 texas instruments inc txn fell 186 to 16499 and qualcomm inc qcom fell 187 to 11043 trading volume 300 m remained 140 million below its 50day average volume of 441 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

latam airlines group sa can send its chapter 11 plan for a vote judge james garrity of the us bankruptcy court in manhattan said tuesday the judges approval a milestone in the bankruptcy case came amid opposition from unsecured creditors who have been urging latam to consider alternative reorganization plans that they see as value maximizing transactions the existing plans negotiation has been led by investment firms strategic value partners sculptor capital management and sixth street partners the plan has garnered support from major shareholders including delta air lines inc and qatar airways the chilean airline filed for bankruptcy in may 2020

shares of sysco corp syy slid 046 to 8250 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 126 to 452512 and dow jones industrial average djia falling 080 to 3464118 the stocks fall snapped a twoday winning streak sysco corp closed 672 below its 52week high 8922 which the company achieved on march 2nd trading volume 18 m remained 868196 below its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

singaporesingapores manufacturing activity contracted further in october mainly owing to faster contraction in new orders factory output and inventory the citystates purchasing managers index fell to 497 in october from 499 in september the singapore institute of purchasing and materials management said wednesday the october reading marked the second straight month of contraction a pmi reading below 50 indicates contraction global economic headwinds arising from the macroeconomic risks of high inflation and geopolitical uncertainties have continued into the final quarter of this year said sophia poh vice president of industry engagement and development at sipmm these uncertainties in the global trade environment coupled with mounting cost pressures are weighing on demand despite the yearend festive seasons and local manufacturers in particular the electronics sector have been scaling back investment plans she added the pmi for electronics which accounts for about a third of singapores manufacturing declined to 491 in october from 494 in september

shares of state bank of india 500112 inched up 043 to 55710 indian rupees monday on what proved to be an allaround rough trading session for the stock market with the sp bse sensex index 1 falling 001 to 6297000 state bank of india closed 7255 rupees below its 52week high 62965 rupees which the company achieved on december 15 the stock demonstrated a mixed performance when compared to some of its competitors monday as indusind bank ltd indusindbk rose 049 to 131505 rupees and kotak mahindra bank ltd 500247 fell 038 to 182175 rupees trading volume 252308 remained 210974 below its 50day average volume of 463282 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of fox corp cl a foxa rose 352 to 3267 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 119 to 401981 and the dow jones industrial average djia rising 076 to 3362956 this was the stocks second consecutive day of gains fox corp cl a closed 1228 short of its 52week high 4495 which the company reached on february 10th the stock demonstrated a mixed performance when compared to some of its competitors monday as apple inc aapl rose 235 to 14111 amazoncom inc amzn rose 028 to 9752 and netflix inc nflx rose 436 to 35742 trading volume 18 m remained 690629 below its 50day average volume of 25 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cincinnati financial corp cinf rallied 189 to 10362 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 023 to 3552012 and the sp 500 index spx falling 002 to 456675 cincinnati financial corp closed 2704 short of its 52week high 13066 which the company achieved on february 9th the stock underperformed when compared to some of its competitors wednesday as chubb ltd cb rose 530 to 20589 progressive corp pgr rose 217 to 12623 and allstate corp all rose 225 to 11296 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of algonquin power utilities corp aqn inched 088 higher to c1032 monday in what proved to be an otherwise allaround down trading session for the canadian market with the sptsx composite index gsptse falling 094 to 1958890 algonquin power utilities corp closed c987 below its 52week high c2019 which the company reached on april 8th trading volume of 35 m shares remained below its 50day average volume of 44 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of federal realty investment trust frt rose 169 to 12066 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 088 to 450937 and the dow jones industrial average djia rising 069 to 3545580 federal realty investment trust closed 434 short of its 52week high 12500 which the company achieved on june 14th the stock demonstrated a mixed performance when compared to some of its competitors friday as brandywine realty trust bdn rose 143 to 1420 pennymac mortgage investment trust pmt rose 173 to 1944 and macerich co mac rose 365 to 1674 trading volume 254746 remained 300264 below its 50day average volume of 555010 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

tesla inc tsla reported firstquarter production and delivery numbers over the weekend tesla said it produced 440808 vehicles in the first quarter up from 439701 last quarter the ev maker delivered 422875 vehicles in the quarter up from 405278 in the previous quarter the company is expected to report firstquarter financial results after the closing bell on april 19 tesla shares jumped 77 to close at 17900 on wednesday and lost 1 in premarket trading these analysts made changes to their price targets on tesla after the company released q1 deliveries numbers goldman sachs raised the price target on tesla from 200 to 225 goldman sachs analyst mark delaney maintained a buy rating on the stock td cowen boosted block price target from 140 to 170 td cowen analyst bryan bergin maintained a market perform rating on the stock deutsche bank analyst emmanuel rosner meanwhile reiterated tesla with a buy and maintained a 250 price target check this out top 4 materials stocks that set to fly in april

acuity brands inc posted higher profit and sales for its fiscal third quarter as sales growth outpaced an increase in operating costs the industrialtechnology company reported net income of 1057 million for the three months ended may 31 compared with 857 million a year earlier pershare earnings were 307 compared with 237 in the yearago period stripping out stockbased compensation amortization and other onetime items the company reported adjusted earnings of 352 a share compared with expectations of 296 a share according to analysts polled by factset sales rose 18 to 106 billion the company said analysts surveyed by factset had been looking for revenue of 9854 million the company posted gross profit of 4451 million for the quarter an increase of 15 from a year earlier the company said that increase was driven by higher sales and cost controls write to will feuer at willfeuerwsjcom

amazoncom on monday again found itself under fire from members of congress and once again investors didn’t seem to care five members of the house judiciary committee sent a letter to amazon ticker amzn ceo andy jassy saying it appeared that former ceo jeffrey bezos and other executives may have lied under oath when they said that amazon doesn’t use data on thirdparty goods sold on its platform to develop competitive products amazon has denied it provided the committee with any inaccurate information

shares of morgan stanley ms slid 256 to 8751 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 144 to 394126 and dow jones industrial average djia falling 103 to 3359634 this was the stocks fourth consecutive day of losses morgan stanley closed 2222 short of its 52week high 10973 which the company reached on february 10th the stock underperformed when compared to some of its competitors tuesday as jpmorgan chase co jpm rose 017 to 13159 wells fargo co wfc fell 060 to 4340 and charles schwab corp schw fell 080 to 8059 trading volume 104 m eclipsed its 50day average volume of 72 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of bce inc bce slid 158 to c5907 wednesday in what proved to be an allaround rough trading session for the canadian market with the sptsx composite index gsptse falling 114 to 1928410 bce inc closed c1502 short of its 52week high c7409 which the company reached on april 20th trading volume of 13 m shares remained below its 50day average volume of 28 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of flowserve corp fls slipped 071 to 3494 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 040 to 429714 and the dow jones industrial average djia rising 045 to 3391244 the stocks fall snapped a threeday winning streak flowserve corp closed 506 short of its 52week high 4000 which the company reached on august 16th the stock demonstrated a mixed performance when compared to some of its competitors monday as illinois tool works inc itw fell 160 to 21399 parker hannifin corp ph fell 051 to 30642 and dover corp dov rose 057 to 14028 trading volume 914673 remained 140361 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of amc entertainment holdings inc cl a amc rallied 383 to 1330 thursday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 269 to 1231690 and the dow jones industrial average djia rising 133 to 3324828 the stocks rise snapped a twoday losing streak amc entertainment holdings inc cl a closed 5550 below its 52week high 6880 which the company achieved on june 3rd trading volume 449 m remained 121 million below its 50day average volume of 570 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of martin marietta materials inc mlm slipped 091 to 37738 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 071 to 444808 and dow jones industrial average djia falling 079 to 3534328 this was the stocks fourth consecutive day of losses martin marietta materials inc closed 1438 short of its 52week high 39176 which the company achieved on august 11th despite its losses the stock outperformed some of its competitors tuesday as crh plc adr crh fell 158 to 5172 vulcan materials co vmc fell 118 to 18520 and occidental petroleum corp oxy fell 286 to 2408true trading volume 225616 remained 116090 below its 50day average volume of 341706 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of citigroup inc c sank 075 to 4903 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 009 to 413352 and the dow jones industrial average djia rising 007 to 3380896 this was the stocks second consecutive day of losses

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shares of medtronic plc mdt inched 097 higher to 8159 thursday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 133 to 414622 and the dow jones industrial average djia rising 114 to 3402969 medtronic plc closed 3272 below its 52week high 11431 which the company reached on april 21st the stock underperformed when compared to some of its competitors thursday as johnson johnson jnj rose 134 to 16611 danaher corp dhr rose 178

shares of wec energy group inc wec inched 098 higher to 10228 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 069 to 389989 and the dow jones industrial average djia rising 064 to 3101968 this was the stocks second consecutive day of gains wec energy group inc closed 611 below its 52week high 10839 which the company achieved on may 24th the stock outperformed some of its competitors monday as duke energy corp duk rose 066 to 10681 xcel energy inc xel rose 085 to 7453 and dte energy co dte rose 077 to 13090 trading volume 821467 remained 328367 below its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us stock futures pointed to sharp losses at the start of trading for wall street on friday amid investor expectations that central banks will continue to raise interest rates aggressively despite stiff economic headwinds on thursday the dow industrials djia tumbled 76413 points or 23 to finish at 3320222 marking its biggest daily drop since a 1200plus plunge on sept 13 the sp 500 spx fell 9957 points or 25 to end at 389575 its worst day since early october

william e kassling director at westinghouse air brake wab reported a large insider sell on august 2 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on wednesday showed that kassling sold 100000 shares of westinghouse air brake the total transaction amounted to 11845426 westinghouse air brake shares are trading down 075 at 1183 at the time of this writing on wednesday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of westinghouse air brakes insider trades this article was generated by benzingas automated content engine and reviewed by an editor

shares of aveva group plc avv were unchanged thursday at £3198 on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 023 to 747217 aveva group plc closed £297 below its 52week high £3495 which the company reached on december 13 trading volume 550284 remained 17 million below its 50day average volume of 22 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of exelon corp exc dropped 035 to 4262 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 046 to 411917 and dow jones industrial average djia falling 017 to 3356181 this was the stocks second consecutive day of losses

shares of lennar corp cl a len inched 099 higher to 11281 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 083 to 416948 and the dow jones industrial average djia rising 080 to 3409816 this was the stocks second consecutive day of gains

shares of netflix inc nflx inched 063 higher to 43470 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 047 to 438871 and dow jones industrial average djia falling 072 to 3405387 netflix inc closed 1395 short of its 52week high 44865 which the company achieved on june 15th the stock outperformed some of its competitors tuesday as apple inc aapl rose 005 to 18501 walt disney co dis fell 172 to 8975 and comcast corp cl a cmcsa fell 136 to 4064 trading volume 47 m remained 24 million below its 50day average volume of 71 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cgi inc cl a giba shed 045 to c13371 monday in what proved to be an allaround down trading session for the canadian market with the sptsx composite index gsptse falling 008 to 2067674 cgi inc cl a closed c118 below its 52week high c13489 which the company reached on april 17th trading volume of 326736 shares remained below its 50day average volume of 380932

the threat of recession amid a shrinking economy may force a return to the office for employees or the end to the office as we know it

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traders work on the floor of the new york stock exchange nyse july 12 2021 us stock futures fell slightly in overnight trading on tuesday as investors anticipate the start of earnings season and a new inflation report on tuesday the major averages fell for the third straight session the dow jones industrial average lost 117 points dragged down by a 13 drop in boeings stock the sp 500 fell 024 the technologyfocused nasdaq composite ended just 014 lower meanwhile smallcap stocks outperformed on tuesday with the russell 2000 gaining 06 heading into wednesday investors will be watching for septembers consumer inflation report which is expected to have flared at the same rapid pace as august economists expect to see a rise of 03 or a 53 annualized rate when the consumer price index is released wednesday at 830 am et excluding energy and food cpi is forecast to be up 03 monthovermonth or 4 annualized i think it could come in hot said grant thornton chief economist diane swonk it looks like we could get more broadbased inflation there is supply shock there you start getting spillover of energy prices and other things bank earnings kick off on wednesday with jpmorgan reporting before the bell last quarter the bank beat on the top and bottom lines boosted by betterthanexpected loan losses the street expects thirdquarter earnings to jump just 2 from the yearago period jpmorgan has traded lower the day of its last four earnings reports despite beating on the top and bottom lines each time according to bespoke investing group delta air lines also reports before the opening bell on wednesday analysts are expecting to see positive earnings per share after six straight quarters of pershare losses this clearly represents the first quarter of real eps risk that investors have had to deal with in the covid recovery as gdp estimates have collapsed since midaugust on nothing short of historic supply chain issues said tavis mccourt institutional equity strategist at raymond james however consensus eps at the index level has not changed meaningfully as remarkably a greater number of stocks have seen positive earnings revisions since midaugust than negative the federal open market committee will release the minutes from its september meeting at 2 pm on wednesday investors will be looking for clues about timelines surrounding the central banks planned taper for its bondbuying program

shares of bath body works inc bbwi shed 197 to 4679 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 116 to 380810 and dow jones industrial average djia falling 102 to 3293008 the stocks fall snapped a fourday winning streak bath body works inc closed 1823 short of its 52week high 6502 which the company achieved on january 6th the stock demonstrated a mixed performance when compared to some of its competitors thursday as amazoncom inc amzn fell 237 to 8312 target corp tgt rose 101 to 15426 and tjx cos tjx rose 099 to 8065 trading volume 36 m remained 655538 below its 50day average volume of 42 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of revance therapeutics inc jumped more than 40 on monday after the biotechnology company reported a pair of positive developments for its daxxify antiwrinkle treatment the nashville company on monday reported preliminary fourthquarter daxxify revenue of 105 million to 115 million from prevu an early experience program revance launched in support of the drug which the food and drug administration approved in september as a potential challenger to date to abbvie incs market leading botox revance said it is confident in its commercial strategy for daxxify with a fullscale launch slated to begin late in the first quarter or early in the second quarter separately revance late friday said the fda accepted its application seeking expanded approval of daxxify for the treatment of adults with cervical dystonia a chronic neurologic condition that affects the neck muscles the agency set a target action date of aug 19 for the application revance shares were recently changing hands at 2831 up nearly 44

shares of henry schein inc hsic rose 113 to 7971 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 138 to 451339 and dow jones industrial average djia falling 098 to 3528252 this was the stocks second consecutive day of gains henry schein inc closed 1001 short of its 52week high 8972 which the company achieved on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as stryker corp syk fell 168 to 27457 idexx laboratories inc idxx fell 246 to 51918 and mckesson corp mck rose 199 to 41307 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the astrazeneca plc adr azn slipped 003 to 6410 thursday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 205 to 1133835 and dow jones industrial average djia falling 166 to 3225486 this was the adrs fourth consecutive day of losses astrazeneca plc adr closed 802 below its 52week high 7212 which the company reached on january 10th the adr demonstrated a mixed performance when compared to some of its competitors thursday as eli lilly co lly rose 138 to 31685 biogen inc biib fell 153 to 25899 and johnson johnson jnj fell 112 to 15124 trading volume 30 m remained 21 million below its 50day average volume of 51 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of incyte corp incy dropped 019 to 7944 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 120 to 378322 and dow jones industrial average djia falling 110 to 3287571 this was the stocks second consecutive day of losses incyte corp closed 542 below its 52week high 8486 which the company reached on april 8th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as seagen inc sgen rose 010 to 12514 and alnylam pharmaceuticals inc alny fell 030 to 23162 trading volume 924615 remained 543388 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of firstenergy corp fe inched 075 higher to 4010 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 058 to 410060 and dow jones industrial average djia falling 059 to 3340238 firstenergy corp closed 875 short of its 52week high 4885 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nextera energy inc nee rose 064 to 7716 southern co so rose 096 to 6963 and dominion energy inc d rose 133 to 5631 trading volume 25 m remained 14 million below its 50day average volume of 39 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of parker hannifin corp ph dropped 078 to 34888 friday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 022 to 409046 and the dow jones industrial average djia rising 050 to 3386927 this was the stocks second consecutive day of losses parker hannifin corp closed 854 below its 52week high 35742 which the company achieved on february 9th the stock underperformed when compared to some of its competitors friday as danaher corp dhr rose 146 to 25884 honeywell international inc hon rose 063 to 20047 and eaton corp plc etn rose 218 to 17091 trading volume 991424 eclipsed its 50day average volume of 851251 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of travelers cos inc trv inched 009 higher to 18168 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 119 to 415877 and the dow jones industrial average djia rising 124 to 3342077 travelers cos inc closed 1283 short of its 52week high 19451 which the company reached on january 25th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as chubb ltd cb fell 034 to 19893 progressive corp pgr rose 527 to 13660 and american international group inc aig rose 273 to 5374 trading volume 992354 remained 481359 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of grindr inc rocketed out of the gate under their new ticker friday after the lgbtq social networking platforms merger with special purpose acquisition company spac tiga acquisition corp was completed the first trade on the new york stock exchange under the ticker symbol grnd after the 930 am eastern open was at 1700 according to factset timeandsales data which was 462 above thursdays closing price of 1163 under the symbol tivn the stock had traded on other platforms before the first trade on the nyse the stock continued to climb since the open and was up as much as 1203 at an intraday high of 2562 before paring some gains to be up 1085 in recent trading the stock has already been halted twice for volatility since the open

us stock futures were little changed after wall street indexes closed broadly higher and investors awaited jobless figures and a series of corporate results futures on the sp 500 were flat and futures on the dow jones industrial average added 01 changes in equity futures don’t necessarily predict moves after the opening bell

shares of alibaba group holding ltd bounced wednesday to put them on track to snap the worst fiveday performance in their public history as susquehanna analyst shyam patil slashed his price target but continued to push his “positive” view on the chinabased ecommerce giant the stock baba rose 07 in midday trading toward the first gain in six sessions the stock had plunged 206 over the past five sessions to close tuesday at the lowest price since jan 3 2019 some of the factors weighing on the stock included regulatory concerns and macroeconomic pressures in china topped off with disappointing fiscal secondquarter results reported last week that fiveday selloff was by far the biggest since the stock went public in september 2014 the previous weakest fiveday run prior to the current stretch of losses was the 163 tumble through aug 20 2021 susquehanna’s patil lowered his stock price target to 200 from 310 but his new target still implies nearly 50 upside from current levels he also reiterated the positive rating he’s had on alibaba at least since february 2020 “alibaba has been dealing with regulatory overhang and now the slowing macro in china is pressuring the business in the nearterm” patil wrote in a note to clients “although covid may continue to cause periods of softness in the nearterm macro we continue to view alibaba has the china ecommerce category killer with a large secular growth opportunity and maintain our longtermoriented positive view” of the 52 analysts surveyed by factset who cover alibaba no less than 36 have cut their stock price targets since alibaba reported earnings on nov 18 that has lowered the average price target to 20146 from 23698 at the end of october meanwhile 47 of those analysts or 90 are bullish on the stock up from 89 at the end of october of the five analysts who aren’t bullish only one is bearish and the other four are neutral alibaba shares have plunged 519 over the past year while the ishares msci china exchangetraded fund mchi has dropped 177 and the sp 500 index spx has rallied 290 some analysts have pointed to alibaba’s investor day which kicks off on dec 16 as a potential important catalyst for the stock going forward separately susquehanna’s patil also reiterated his positive rating on chinabased searchengine giant baidu inc bidu while cutting his stock price target to 175 from 200 while the company continues to be cautious around the pandemic situation patil said his longterm bullish view remains unchanged as he sees the company as a “leading player in china’s search market a key player in the feeds market owner of one of the top video assets in the country and the clear market leader in ai applications” the stock slipped 01 in midday trading wednesday although it was still up 119 over the past 12 months it has lost more than half its value since closing at a record 33991 on feb 19 patil also stayed neutral on chinabased ecommerce company jdcom inc jd but raised his stock price target to 95 from 80 in the wake of “solid” thirdquarter results as he sees potential for longerterm upside from its advertising and logistics initiatives and the company’s ability to successfully incubate new businesses jdcom’s stock fell 07 on wednesday it has run up 181 over the past three months but has slipped 11 over the past year

shares of mfa financial inc mfa inched 087 higher to 1164 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 023 to 3552012 and the nasdaq composite index comp falling 012 to 1412728 mfa financial inc closed 157 below its 52week high 1321 which the company reached on august 1st the stock underperformed when compared to some of its competitors wednesday as pennymac mortgage investment trust pmt rose 155 to 1439 invesco mortgage capital inc ivr rose 158 to 1224 and agnc investment corp agnc rose 096 to 1050 trading volume 709162 remained 303436 below its 50day average volume of 10 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

brasilia nov 19 reuters brazils central bank president roberto campos neto said on friday that inflation expectations for 2022 are rising and shifting a bit away from the banks target noting that the central bank has been trying to control it by raising interest rates campos neto also said it is likely that the brazilian central bank will revise down its forecast for the countrys gdp growth next year currently standing at 21 but did not provide details on the new projection

shares of saputo inc sap inched 009 higher to c3512 wednesday in what proved to be an otherwise allaround down trading session for the canadian market with the sptsx composite index gsptse falling 085 to 1957224 saputo inc closed c238 short of its 52week high c3750 which the company achieved on february 10th trading volume of 688619 shares eclipsed its 50day average volume of 332708 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

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shares of dxc technology co dxc slid 082 to 3029 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 095 to 379573 and the dow jones industrial average djia rising 064 to 3067736 this was the stocks second consecutive day of losses dxc technology co closed 1389 short of its 52week high 4418 which the company reached on august 3rd the stock underperformed when compared to some of its competitors thursday as microsoft corp msft rose 226 to 25886 accenture plc cl a acn fell 020 to 28583 and international business machines corp ibm rose 099 to 13844 trading volume 834850 remained 12 million below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

federal prosecutors in new york charged a former mckinsey co partner with securities fraud for allegedly trading insider information related to goldman sachs group inc’s acquisition of specialty lender greensky inc the us attorney’s office in manhattan on wednesday charged puneet dikshit who is 40yearsold with two counts of securities fraud he faces up to 20 years in prison on each count the securities and exchange commission on wednesday also filed a civil complaint

saudi arabia and its opec allies are trying to combat “uncertainties and sentiment” in the oil market as the group looks to tackle short sellers its energy minister said sunday “i think the physical market is telling us something and the futures market is telling us something else” prince abdulaziz bin salman told the arab china business forum in riyadh the capital “that’s why we keep taking these precautionary measures” saudi arabia announced last week a unilateral cut of 1 million barrels a day for the month of july the decision came after an opec meeting in which other producers agreed to extend their own existing cuts into 2024 without offering additional action many energy analysts as well as the organization of the petroleum exporting countries expect the oil market to tighten in the second half of the year as demand in china and india picks up further but plenty of traders say high interest rates and economic weakness in the us and europe will weigh on oil prices for at least the rest of the year “to understand opec today it’s all about being proactive preemptive and precautionary” the minister said last week’s meeting also saw the united arab emirates secure a higher production quota for 2024 and russia the second largest opec producer making no commitment to cut output deeper prince abdulaziz said that countries investing in boosting their oil production would be rewarded with a higher allocation for output investors working with places that include algeria iraq and the uae “will see the merits for investing in these countries as they know the pendulum has swung to those who are investing” he said

shares of waste management inc wm shed 154 to 15254 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 200 to 399734 and dow jones industrial average djia falling 206 to 3312959 the stocks fall snapped a threeday winning streak waste management inc closed 2344 short of its 52week high 17598 which the company achieved on august 18th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as ecolab inc ecl fell 260 to 15819 and republic services inc rsg fell 124 to 13032 trading volume 16 m remained 43022 below its 50day average volume of 17 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

as those of you who read regularly know i am a chicago sports fan and it was a great weekend in chicago the bears won the packers lost and that’s about all we here in chicago can ask for meantime markets ended their threeweek slide with both the sp 500 and nasdaq closing 4 higher last week that happened while the euro found its legs and is back trading slightly above parity with the us dollar last week was a relatively quiet week in terms of both earnings and economic data but that is about to change on tuesday we’ll get a look at cpi for august expectations are for an 81 increase following july’s 85 increase oil prices which peaked back in march made an early summer run but have been falling since june that has translated into lower gasoline prices helping consumers according to aaa the average price for a gallon of gas is currently 372 down from lasts month’s 398 however much of the inflation we’ve seen recently has resulted from existential pressures unique to current world conditions and those conditions show no sign of letting up anytime soon war in ukraine has been the main catalyst for rising fuel and food prices russia’s response to western imposed sanctions has sent both oil and natural gas prices higher this year along with constraining wheat exports from ukraine to much of western europe at the same time covid continues plaguing world economies china in particular has been hard hit lately it’s estimated tens of millions of people are in lockdown as a result of china’s zerotolerance policy in combatting covid the reverberations of those lockdowns are resulting in constrained supply chains and could add to inflationary pressure should they continue following tuesday’s cpi number we’ll get a look at retail sales on thursday forecasts call for 02 increase what i find most interesting about the august number will be the back to school shopping that could offer a preview as to what retailers are expecting for the upcoming holiday season while we are still a ways away from holiday shopping the back to school season is often a good proxy for what’s to come one other item i’m keeping an eye on is union contracts 2023 is a big year for unions both ups and the teamsters as well as automakers and the uaw have contracts expiring next year however the more pressing issue at the moment are railroad contract negotiations labor agreements for two unions are set to expire at the end of the week and a failure to reach agreement on a new contract could upset railroad cargo shipments we’re already seeing some shipping halts take place for as volatile as markets have been this year we seem to be reaching a better place after last week’s rally should labor contract negotiations fail at any level it could roil the economy therefore i’m closely watching this situation as it could become a lingering issue for markets in premarket trading today equities look set for a slightly stronger open bonds are also trading higher in premarket after six consecutive weeks of declines yields on 2 year notes are down slightly this morning but still above 35 also bitcoin is continuing to see strength trading up more than 25 at nearly 22300 hopefully we’ll see last week’s strength carry over into this week when markets open tastytrade inc commentary for educational purposes only

buildings in the business district in singapore singapores gdp for the third quarter beat estimates and its central bank tightened policy as expected singapores economy grew more than expected in the third quarter from the same period last year according to advance estimates released by the government on friday separately the countrys central bank tightened monetary policy for the fifth time in a year in line with expectations gross domestic product in the julytoseptember quarter came in at 44 much higher than the 34 predicted by analysts in a reuters poll and in line with growth in the second quarter the southeast asian country avoided a technical recession with quarterly gdp growth coming in a 15 on a seasonally adjusted basis after a 02 contraction in the second quarter from the first quarter the ministry of trade and industry in august narrowed singapores gdp forecast for 2022 to 3 to 4 compared to an its previous forecast of 3 to 5

shares of wr berkley corp wrb slid 128 to 7433 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 250 to 375969 and dow jones industrial average djia falling 155 to 3214776 the stocks fall snapped a fiveday winning streak wr berkley corp closed 118 below its 52week high 7551 which the company achieved on november 1st the stock underperformed when compared to some of its competitors wednesday as arch capital group ltd acgl rose 141 to 5622 trading volume 20 m eclipsed its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

surface transforms plc said thursday that it has won a contract with a lifetime value of more than 100 million pounds 1205 million over six years though sales for 2022 will be lower than previously forecast due to a clients technical issues the manufacturer of carbon ceramic products for the brakes market said it has signed a deal to supply carbon ceramic brake discs to an automotive company with an estimated production start in 2024 for prudence the company expects series production revenues to begin in the first half of 2025 and said its discs will replace those historically provided by its main competitor the company said total sales for 2022 will be lower than previously forecast at around gbp65 million it said this was primarily caused by a separate clients technical issues unrelated to its discs which delayed a production ramp and was more prolonged than expected however the total contract value remains unchanged at gbp100 million and timing has just been delayed surface said shares at 0924 gmt were up 25 pence or 65 at 4125 pence

president joe biden on saturday appealed to bluecollar workers to support his reelection quest and help him compel the richest americans to pay more taxes its about time the super wealthy start paying their fair share biden told hundreds of union workers in the industrial state of pennsylvania the campaign rally was sponsored by the aflcio a union federation that represents 125 million american workers and that formally endorsed biden and vice president kamala harris a day earlier biden launched his 2024 reelection bid on april 25 but had held no major campaign events before saturdays rally the president made his pitch as a crowded field of republicans jostle for the partys nomination with donald trump the runaway frontrunner despite facing federal criminal charges that he mishandled us government secrets being impeached twice over allegations of misconduct during his white house tenure and a swirl of other legal troubles biden made a distinctly populist appeal in philadelphia touching on a number of issues aimed at halting a migration of workingclass voters away from the democratic party biden said prounion sentiments are not widely shared by fellow elected officials in washington there are a lot of politicians in this country who cant say the word union and you know im not one of them im proud to say the word im proud to be the most prounion president in american history he said he described bluecollar workers as the backbone of the economy wall street didnt build america you did biden said to cheers if the investment bankers in this country went on a strike tomorrow no one would much notice he said but if union members walked off the job the whole country would come to a grinding halt biden vowed to protect social security and other benefit programs to help average americans when the middle class does well everybody does well he said adding that reforms are needed to ensure middle class prosperity including reforming a tax code that is simply not fair how could it be fair when 55 of the largest corporations in america pay zero in federal income tax on 40 billion in profit he asked biden noted that the number of us billionaires has climbed to about 1000 he said they pay an average of eight percent federal taxes on their earnings they paid at a lower tax rate than schoolteachers than firefighters probably anyone in this room its time they paid a minimum tax i dont mind them being billionaires just pay your fair share man earlier in the day biden took an aerial tour of a bridge on an interstate highway in philadelphia that collapsed last weekend after a tanker truck caught fire he vowed the full support of the federal government in rebuilding the bridge

shares of willis towers watson plc wltw slumped 067 to 22936 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 000 to 468280 and dow jones industrial average djia falling 004 to 3608745 willis towers watson plc closed 4251 short of its 52week high 27187 which the company reached on may 10th the stock underperformed when compared to some of its competitors monday as marsh mclennan cos mmc rose 039 to 16735 arthur j gallagher

shares of keycorp key rallied 105 to 1829 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 030 to 397015 and dow jones industrial average djia falling 071 to 3265670 keycorp closed 648 short of its 52week high 2477 which the company reached on march 1st the stock outperformed some of its competitors tuesday as bank of america corp bac rose 026 to 3430 wells fargo co wfc fell 002 to 4677 and citigroup inc c rose

shares of miromatrix medical inc on wednesday dropped 15 to 347 in afterhours trading after the biotechnology company said the us food and drug administration placed on clinical hold the investigational new drug application for its miroliverelap treatment the companys miroliverelap drug is aimed at treating acute liver

shares of southwest airlines co luv were unchanged tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 041 to 390819 and dow jones industrial average djia falling 055 to 3114530 southwest airlines co closed 1959 short of its 52week high 5633 which the company achieved on october 4th the stock underperformed when compared to some of its competitors tuesday as delta air lines inc dal rose 081 to 3119 united airlines holdings inc ual rose 360 to 3658 and american airlines group inc aal rose 177 to 1322 trading volume 45 m remained 890461 below its 50day average volume of 54 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of dr horton inc dhi shed 123 to 9379 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 034 to 452003 and dow jones industrial average djia falling 076 to 3510000 this was the stocks third consecutive day of losses dr horton inc closed 1310 below its 52week high 10689 which the company achieved on may 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as lennar corp cl a len fell 117 to 10437 nvr inc nvr rose 003 to 510222 and pultegroup inc phm fell 125 to 5272 trading volume 28 m eclipsed its 50day average volume of 25 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of starbucks corp sbux were unchanged tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 001 to 3385253 and the sp 500 index spx falling 016 to 395763 starbucks corp closed 1914 below its 52week high 11780 which the company reached on january 3rd the stock outperformed some of its competitors tuesday as cocacola co ko fell 035 to 6248 pepsico inc pep fell 071 to 18259 and mcdonalds corp mcd fell 054 to 27141 trading volume 44 m remained 31 million below its 50day average volume of 76 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of walt disney co dis shot up 24 toward a fourmonth high in afternoon trading friday enough to pace the dow jones industrial averages djia gainers the rally puts the stock on track for a 130 weekly rise which would be the best weekly performance since it hiked up 140 during the week ended dec 11 2020 the weeks performance was highlighted by 47 jump on thursday after the media and entertainment giant reported betterthanexpected fiscal thirdquarter results and announced a new pricing strategy for its streaming service that included an adsupported tier the stock has now run up 313 since july 14 when it closed at the lowest price 9184 since march 2020 while the dow has gained 98 over the same time

what i am looking at tuesday sept 20 2022 us stock futures were up tuesday until the 2year treasury yield kept up its relentless run to 4 it reached a new 15year high at 3977 federal reserve chairman jerome powell and company begin their twoday september meeting tuesday with the market expecting a 75basispoint interest rate hike for the third meeting in a row housing starts too high but permits lower club holding ford f no end yet to inflation and supplies of nameplates caused the shortfall the parts are on the most expensive trucks still no letup in costs inflation remains everywhere ford saw 1 billion increase in supply chain costs in its current quarter shares sank nearly 4 in the premarket morgan stanley upgrades club name humana hum to overweight from equal weight buy from hold last year humana promised to fix its medicare advantage program and they did so there is a lot of upside rbc likes it too keybanc starts club holding pioneer natural resources pxd with an overweight buy rating pxd has huge 10 dividend yield very good balance sheet barclays downgrades nike nke to equal weight from overweight hold from buy us will not be able to subsidize chinas slowdown anymore the dow stock was up nicely monday and set to give more of it back when tuesdays session opens dutch bros bros ceo tells me business is getting better and expansion on track some moderation in costs but the opportunity to grow is good and there is now a more ample supply of workers they say turnover is under control among managers had previously feared job hopping bank of america downgrades building supplier louisianapacific lpx to underperform from neutral sell from hold bofa takes timber company weyerhaeuser wy to neutral hold from buy counter to mondays call from keybanc about buying the homebuilders etsy etsy started with a neutral hold at bofa this one is almost always started with a buy are the analysts at last getting more cautious autozone azo a play on older cars lots of raised numbers on wall street after mondays strong quarter ziff davis zd evercore likes it starts it with an outperform buy rating this is a very very cheap stock ceo vivek shah is a great manager digital media play susquehanna downgrades paypal pypl to neutral from positive hold from buy says that braintree division is doing very well and that is lowering gross margins creating negative leverage from mix is how the analysts there put it citi cuts price target on dow inc dow to 49 per share from 56 due to pricing chemicals continue to be under pressure watch this one the dividend yield of nearly 6 does not seem to be protecting the downside bernstein cuts price target on hp inc hpq to 30 per share from 40 its really bad analyst toni toni sacconaghi says because the declines are in printing supplies the best margin 100basispoint hit and 18 cent annual headwind deutsche bank takes western digital wdc to hold from buy who would be recommending this thing pricing has been terrible for ages and demand is deteriorating truist takes norwegian cruise line nclh to buy from hold cuts carnival ccl pricetarget to 10 per share from 8 chamath palihapitiya returns 115 billion hedosophia iv ipod and 460 million from hedosophia vi ipof goldman sachs gs cuts 25 bankers in asia there will be plenty of bankers but this will help powells cause remember he wants to cause job loss he cant get there unless he does jim cramers charitable trust is long f hum and pxd see here for a full list of the stocks as a subscriber to the cnbc investing club with jim cramer you will receive a trade alert before jim makes a trade jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trusts portfolio if jim has talked about a stock on cnbc tv he waits 72 hours after issuing the trade alert before executing the trade the above investing club information is subject to our terms and conditions and privacy policy together with our disclaimer no fiduciary obligation or duty exists or is created by virtue of your receipt of any information provided in connection with the investing club no specific outcome or profit is guaranteed what i am looking at tuesday sept 20 2022

on cnbc’s “halftime report final trades” brenda vingiello of sand hill global advisors said she really liked booking holdings inc bkng as it’s a “beneficiary here not only of travel but also of dining related activity of opentable” she added that the company had reinstituted share buybacks booking holdings is “poised to benefit in the environment that we see going forward” farr miller washington’s michael farr named raytheon technologies corp rtx as his final trade “washington dc spending more money on defense raytheon is going to benefit” he said check out other defense stocks making moves in the premarket josh brown of ritholtz wealth management chose lockheed martin corporation lmt “pay close attention to stocks that are within 3 of alltime highs” he recommended pete najarian named kinross gold corporation kgc as his final trade saying he loved gold stocks

subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily by submitting my information i agree to the privacy policy and terms of service and to receive offers and promotions from bloomberg after almost a decade and untold millions of dollars in legal fees some of wall street’s biggest banks will finally get their day in court on allegations of pricefixing in the municipal bond market that is if they don’t settle first bank of america barclays capital inc bmo financial corp william blair co llc citigroup inc fifth third bancorp jp morgan chase co and morgan stanley are expected to go to trial in illinois next month to face allegations they inflated interest rates on bonds to finance public works to discourage investors from returning them for cash and colluded in setting the rates it is the first of four such cases originally filed under seal in 2014 by a minnesota financial adviser bj rosenberg saying that the banks caused a collective 15 billion in damages and seeking restitution for triple that amount another 65 billion in damages hangs in the balance in antitrust litigation in new york read more mystery man behind 36 billion in muni lawsuits steps forward a dozen banks are defendants across the four lawsuits which also span california new york and new jersey the lawsuits allege that from 2008 until relatively recently the banks acting as remarketing agents for longterm bonds with periodic rate adjustments called variablerate demand obligations or vrdos failed to get issuers the lowest possible interest rates on securities where rates were typically reset on a daily or weekly basis to discourage investors from returning them for cash after a preliminary hearing on july 12 the illinois trial filed on behalf of the state by an entity called edelweiss fund llc is scheduled to begin in cook county circuit court on aug 7 a settlement is likely according to elliott stein a senior litigation analyst with bloomberg intelligence “one critical reason to settle is that potential damages in these cases can be tripled so settling can mitigate the potential fallout” said stein in an email friday “settling can also avoid bad evidence coming out or a bad outcome which could potentially then be used in the other related cases” settlement of the four false claims act cases could run to about 15 billion stein estimated barclays and citigroup declined to comment the other banks haven’t responded to requests for comment in their most recent motion for summary judgment the banks said they exercised their judgment in setting rates for vrdos and that “cannot be second guessed it is ‘conclusive’ and ‘binding’” they also said that since the lawsuit was unsealed in 2017 issuers “have continued to pay defendants to perform the very remarketing services attacked” under the lawsuit with no evidence suggesting issuers are conditioning payment on any specific interestrate standards read quicktake on vrdos how a city says bank bond ‘robots’ ripped it off in addition to the four false claims act lawsuits an antitrust lawsuit was filed by philadelphia and baltimore in 2019 in the southern district of new york also alleging manipulation of vrdo rates the new york suit is likely to produce claims of 65 billion in damages with compensation sought again tripling according to bi’s stein he expects a settlement of about 1 billion with bank of america on the hook for the most about 225 million the market for vrdo debt has been shrinking since the financial crisis when in 2008 more than 115 billion of debt was sold to refinance both auctionrate and insured floatingrate debt as the auction market froze and insurance companies were downgraded amid the chaos in the early years of this century issuers sold between 30 billion and 60 billion of vrdo debt annually in 2022 they sold around 6 billion in such debt according to data compiled by bloomberg so far this year issuers have sold 42 billion there are currently around 128 billion in vrdos outstanding

home prices in june were 18 higher than during the same month last year according to the sp corelogic caseshiller indices thats a weaker pace than in may of this year which showed an 199 annual gain the 10city composite rose 174 down from 191 in the previous month the 20city composite was higher 186 yearoveryear down from 205 in may of the 20 cities tampa miami and dallas saw the highest yearoveryear pace in june with increases of 35 33 and 282 respectively only one of the 20 cities reported higher price increases in the year ending june 2022 versus the year ending may 2022 its important to bear in mind that deceleration and decline are two entirely different things and that prices are still rising at a robust clip wrote craig lazzara managing director at sp dow jones indices in a release junes growth rates for all three composites are at or above the 95th percentile of historical experience for the first six months of 2022 in fact the national composite is up 106 in the last 35 years only four complete years have witnessed increases that large he added another report last week showed home prices declined 077 from june to july it was the first monthly fall in nearly three years according to black knight a mortgage software data and analytics firm while the drop may seem small it is the largest singlemonth decline in prices since january 2011 it is also the secondworst july performance dating back to 1991 behind the 09 decline in july 2010 during the great recession home prices are softening due to rising mortgage rates making an already expensive housing market even more so sales of both new and existing homes have been dropping for several months leading some economists to call a housing recession weve noted previously that mortgage financing has become more expensive as the federal reserve ratchets up interest rates a process that continued as our june data were gathered as the macroeconomic environment continues to be challenging home prices may well continue to decelerate said lazzara

shares of 3m co mmm slumped 054 to 10350 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 015 to 385576 and dow jones industrial average djia falling 028 to 3181914 this was the stocks third consecutive day of losses 3m co closed 5116 below its 52week high 15466 which the company reached on may 4th the stock demonstrated a mixed performance when compared to some of its competitors monday as johnson johnson jnj rose 096

shares of tjx cos tjx slid 005 to 7834 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx remaining mostly unchanged at 410894 and the dow jones industrial average djia rising 029 to 3368479 the stocks fall snapped a twoday winning streak tjx cos closed 479 below its 52week high 8313 which the company reached on january 9th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as amazoncom inc

shares of comcast corp cl a cmcsa dropped 099 to 3998 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 073 to 411524 and dow jones industrial average djia falling 077 to 3279992 this was the stocks second consecutive day of losses comcast corp cl a closed 468 short of its 52week high 4466 which the company achieved on may 31st the stock demonstrated a mixed performance when compared to some of its competitors wednesday as netflix inc nflx rose 249 to 36485 walt disney co dis fell 084 to 8907 and charter communications inc cl a chtr fell 155 to 33124 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

one of the treasury market’s most reliable gauges of impending us recessions has the potential to shrink to its narrowest level in 41 years within a matter of months according to bmo capital markets strategists that indicator is the spread between 2 tmubmusd02y and 10year treasurys tmubmusd10y which becomes inverted whenever the shorterterm rate trades above the longerterm one the spread hovered around minus 42 basis points as of tuesday and has been below zero since july when federal reserve policy makers made it clear that elevated inflation could become entrenched the 2s10s spread now has the potential to reach minus 75 to minus 100 basis points either after jan 1 or during the period between november’s us midterm elections and the federal open market committee’s dec 1314 meeting said bmo rates strategists ben jeffery and ian lyngen bmo’s view comes a day after a bloomberg economics forecast model pointed to a 100 probability of a us recession within the next 12 months “admittedly the highest conviction on our yearend calls are in terms of levels” said jeffery and lyngen wrote in a note on tuesday the 2s10s spread “reaching the 75 bp to 100 bp zone could certainly take place on the other side of the new year as easily as it could in the run up to holiday trading conditions coming out of the midterm elections and around the december fomc” “in terms of the driver of such a repricing we are watching for treasuries’ status as the benchmark safe haven asset with the backdrop of a global economy that no longer benefits from an accommodative policy to be the bullish driver toward lower rates” they said the last time the 2s10s spread ended the new york session in tripledigit negative territory was sept 22 1981 when it was minus 1214 basis points according to 3 pm figures from dow jones market data at that time ronald reagan was in his first year as president the annual headline inflation rate was above 10 and the us economy was in the early stages of what would turn out to be one of the worst downturns since the great depression triggered by the fed’s tight monetary policy under paul volcker though a negative treasury curve doesn’t translate immediately into a recession it has a track record of translating into one at some point this was the case with the early 2000s downturn marked by the bursting of the dotcom bubble the 911 terrorist attacks and various corporateaccounting scandals the 20072009 recession triggered by a global financial crisis and the brief 2020 contraction fueled by the covid19 pandemic even with the 2s10s spread stuck below zero for months though investors have been willing to dismiss a whole lot of negativity whether it’s cracks in global financial markets a hotterthanexpected consumerprice index for september or the risks of continued high inflation what’s more a recent crisis of confidence in the uk’s bond market has only emboldened investors’ perception that policy makers would likely ride to the rescue if needed on tuesday us stocks continued to hold on to gains after another round of corporate earnings reports with all three major indexes djia spx comp higher in the afternoon meanwhile treasury yields held steady as calm prevailed following the uk government’s budget uturn

shares of dish network corp cl a dish slipped 303 to 1441 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 111 to 385236 and dow jones industrial average djia falling 085 to 3292046 this was the stocks third consecutive day of losses dish network corp cl a closed 2287 short of its 52week high 3728 which the company achieved on january 12th the stock underperformed when compared to some of its competitors friday as amazoncom inc amzn fell 067 to 8786 netflix inc nflx rose 010 to 29071 and walt disney co dis fell 045 to 9008 trading volume 209 m eclipsed its 50day average volume of 44 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of bristol myers squibb co bmy shed 055 to 6194 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 033 to 3450903 and the sp 500 index spx falling 010 to 450542 bristol myers squibb co closed 1950 below its 52week high 8144 which the company achieved on december 1st the stock underperformed when compared to some of its competitors friday as johnson johnson jnj rose 067 to 15987 pfizer inc pfe rose 072 to 3632 and abbott laboratories abt rose 018 to 10793 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of cadence design systems inc cdns dropped 081 to 23584 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 037 to 440959 and dow jones industrial average djia falling 032 to 3429912 cadence design systems inc closed 681 below its 52week high 24265 which the company reached on june 13th the stock demonstrated a mixed performance when compared to some of its competitors friday as fortinet inc ftnt fell 110 to 7278 synopsys inc snps fell 116 to 44119 and palo alto networks inc panw rose 112 to 24653 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of mcdonalds corp mcd inched 062 higher to 29758 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 004 to 416787 and dow jones industrial average djia falling 014 to 3405170 this was the stocks third consecutive day of gains

shares of paycom software inc payc rallied 106 to 33921 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 024 to 437394 and dow jones industrial average djia falling 049 to 3389260 this was the stocks third consecutive day of gains paycom software inc closed 21976 below its 52week high 55897 which the company achieved on november 2nd the stock demonstrated a mixed performance when compared to some of its competitors monday as oracle corp orcl fell 050 to 7597 workday inc cl a wday rose 170 to 22905 and paychex inc payx rose 035 to 11906 trading volume 512526 remained 55036 below its 50day average volume of 567562 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of regions financial corp rf rose 354 to 2222 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 213 to 421024 and the dow jones industrial average djia rising 163 to 3330951 this was the stocks second consecutive day of gains regions financial corp closed 335 short of its 52week high 2557 which the company achieved on february 16th the stock outperformed some of its competitors wednesday as bank of america corp bac rose 339 to 3507 wells fargo co wfc rose 214 to 4433 and pnc financial services group inc pnc rose 213 to 16946 trading volume 73 m remained 86303 below its 50day average volume of 74 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the graph shows the enterprise value to next twelve months ntm ebitda ratios for two groups of cannabis companies those with market caps greater than 750m green line and those with market caps less than 300m orange line in addition the valuation multiple difference which we refer to as the valuation gap is shown by the black line

shares of udr inc udr inched 043 higher to 4465 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 003 to 413613 and dow jones industrial average djia falling 046 to 3408927 this was the stocks third consecutive day of gains udr inc closed 1536 short of its 52week high 6001 which the company reached on april 21st the stock outperformed some of its competitors tuesday as avalonbay communities inc avb fell 061 to 18008 equity residential eqr rose 026 to 6630 and midamerica apartment communities inc maa fell 078 to 17087 trading volume 48 m eclipsed its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of regeneron pharmaceuticals inc regn slipped 046 to 79704 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 009 to 413704 and the dow jones industrial average djia rising 020 to 3387540 regeneron pharmaceuticals inc closed 4051 short of its 52week high 83755 which the company achieved on april 5th