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the us government purchased 32 million doses of novavax incs stillinvestigational covid19 vaccine novavaxs recombinant proteinbased vaccine uses different technology than the mrna shots developed by moderna inc and biontech se the vaccine still has to receive authorization from the food and drug administration and the ok from the centers for disease control and prevention though an fda advisory committee has already recommended authorization of the twodose vaccine novavaxs stock is down 468 this year while the sp 500 has declined 182

european stocks declined on tuesday with attention still trained on the isolation of russia from global financial markets after its invasion of ukraine the stoxx europe 600 sxxp which ended just 01 lower on monday despite heavier losses early in the day declined 04 the german dax dax dropped 09 and the french cac 40 px1 fell 08 while the uk ftse 100 ukx rose 01 as metals producers advanced heavy fighting continued in ukraine with the country’s secondlargest city kharkiv bombarded the central bank of russia kept the local stock market closed for a second day after the us barred transactions with it the central bank on monday lifted interest rates to 20 from 95 rheinmetall rhm rose for a second day gaining 5 after germany said it would spend €100 billion to boost its armed forces traders also eyed the latest set of corporate results hellofresh hfg the mealkit preparation company dropped 8 after missing forecasts on adjusted earnings before interest tax depreciation and amortization covestro 1cov jumped 4 as the chemicals company said it would make the highest payout in company history and authorized a €500 million stock buyback flutter entertainment fltr dropped 9 after booking a £543 million charge and saying revenue growth slowed to 2 in the first seven weeks of 2022 it still expects its fanduel unit to be profitable in the us in 2023

shares of mettlertoledo international inc mtd slid 328 to 123881 wednesday on what proved to be an allaround poor 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 threeday winning streak mettlertoledo international inc closed 47594 short of its 52week high 171475 which the company achieved on december 30th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as thermo fisher scientific inc tmo fell 516 to 49098 danaher corp dhr fell 519 to 24254 and xylem inc xyl fell 120 to 10427 trading volume 109910 eclipsed its 50day average volume of 102105 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 gap inc gps shed 340 to 1251 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 090 to 381766 and dow jones industrial average djia falling 049 to 3275754 this was the stocks fifth consecutive day of losses gap inc closed 655 short of its 52week high 1906 which the company reached on january 5th the stock underperformed when compared to some of its competitors monday as amazoncom inc amzn fell 335 to 8492 and tjx cos tjx rose 057 to 7809 trading volume 62 m remained 27 million below its 50day average volume of 89 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

nov 25 reuters australian shares reversed early losses to end marginally higher on thursday helped by gains in miners due to strong iron ore prices though the benchmarks advance was capped by a weak financial sector the spasx 200 axjo added 011 to close at 74073 it had lost 015 on wednesday miners axmm pulled up the index adding 11 as benchmark iron ore futures soared to a threeweek high major miners bhp bhpax rio tinto rioax and fortescue metals groupfmgax added between 1 and 18 the financial sector axfj lost 09 on a weak local currency with the reserve bank of australia more likely to hold a dovish stance on interest rates for quite some time one can expect the greenback to strengthen further and the australian dollar to remain under pressure said kunal sawhney chief executive officer of equity research firm kalkine group a reuters poll found that the rate of soaring home prices in australia is likely to ease off next year and in 2023 and a majority of analysts polled forecast affordability to worsen over the next 23 years read more the socalled big four banks for whom mortgage loans are an important source of growth gave up between 05 and 15 national australia bank nabax lost 05 even after the countrys competition watchdog approved its acquisition of citis local consumer business read more tech stocks axij also lent support to the benchmark as they climbed 24 in their best session in over a month eml payments emlax surged 313 on its best day since march 2020 on getting the irish central banks nod to sign new customers new zealands spnzx 50 nz50 rose 022 to 1279461 with the countrys biggest company by market value fisher paykel fphnz adding 49 after upbeat results new zealand also reported a trade deficit for october a day after its central bank hiked interest rates for the second time in as many months read more

bunzl plc bnzl shares inched up 064 to £2980 tuesday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 011 to 746146 bunzl plc closed £269 below its 52week high £3249 which the company reached on august 24 trading volume 311489 remained 539823 below its 50day average volume of 851312 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

someone with a lot of money to spend has taken a bearish stance on mastercard ma and retail traders should know we noticed this today when the big position showed up on publicly available options history that we track here at benzinga whether this is an institution or just a wealthy individual we dont know but when something this big happens with ma it often means somebody knows something is about to happen so how do we know what this whale just did the overall sentiment of these bigmoney traders is split between 38 bullish and 61 bearish out of all of the special options we uncovered 22 are puts for a total amount of 1390144 and 4 are calls for a total amount of 428420 taking into account the volume and open interest on these contracts it appears that whales have been targeting a price range from 3250 to 4000 for mastercard over the last 3 months in terms of liquidity and interest the mean open interest for mastercard options trades today is 4305 with a total volume of 149100 in the following chart we are able to follow the development of volume and open interest of call and put options for mastercards big money trades within a strike price range of 3250 to 4000 over the last 30 days mastercard option volume and open interest over last 30 days where is mastercard standing right now with a volume of 1741074 the price of ma is down 076 at 34507 rsi indicators hint that the underlying stock is currently neutral between overbought and oversold next earnings are expected to be released in 23 days what the experts say on mastercard wells fargo has decided to maintain their overweight rating on mastercard which currently sits at a price target of 405 ubs has decided to maintain their buy rating on mastercard which currently sits at a price target of 441 options are a riskier asset compared to just trading the stock but they have higher profit potential serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely if you want to stay updated on the latest options trades for mastercard benzinga pro gives you realtime options trades alerts

shares of bajaj finserv ltd 532978 inched up 006 to 141585 indian rupees friday on what proved to be an allaround great trading session for the stock market with the sp bse sensex index 1 rising 048 to 6172968 bajaj finserv ltd closed 43015 rupees short of its 52week high 184600 rupees which the company reached on september 13 the stock underperformed when compared to some of its competitors friday as religare enterprises ltd religare rose 021 to 16920 rupees and lt finance holdings ltd ltfh rose 020 to 9965 rupees trading volume 29595 remained 38068 below its 50day average volume of 67663 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 stocks reversed course to end lower wednesday with wall street mostly erasing gains after the federal reserve—and chairman jerome powell in particular— was viewed as maintaining a fairly hawkish stance on monetary policy “i would say the committee is of a mind to raise the federalfunds rate at the march meeting assuming that conditions are appropriate for doing so” powell said in a press conference after the fed’s twoday strategy meeting he also emphasized that inflation could be worse than the central bank anticipates and that it needs to be adaptable to economic conditions as it moves to normalize policy in combating outofcontrol pricing pressures comments from the fed boss come after the central bank issued its first policy statement of 2022 saying that “it will soon be appropriate to raise the target range for the federalfunds rate” marketbased projections point to four or five rate increases this year according to cme group data the dow jones industrial average djia skidded down about 130 points or 04 to reach around 34168 but had touched 3481567 at the session’s high the sp 500 index spx closed around 02 lower at about 4350 with an intraday peak at 445323 the nasdaq composite index comp finished in positive territory but mostly flat at around 13542 but had touched an intraday high at 1400265 the 10year treasury note yield tmubmusd10y rose about 8 basis points to around 186 all closing levels are on a preliminary basis in corporate news electricvehicle maker tesla inc tsla beat on the top and bottom line but its shares were trading lower in premarket action and investors were also parsing a quarterly report from intel corp intc

shares of paypal holdings inc pypl inched 010 higher to 7958 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 031 to 3373396 and the sp 500 index spx falling 007 to 401695 this was the stocks third consecutive day of gains paypal holdings inc closed 9662 below its 52week high 17620 which the company reached on february 1st the stock demonstrated a mixed performance when compared to some of its competitors tuesday

shares of lam research corp lrcx rallied 142 to 37670 tuesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 021 to 364729 and dow jones industrial average djia falling 043 to 2913499 the stocks rise snapped a fiveday losing streak lam research corp closed 35515 below its 52week high 73185 which the company reached on january 4th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as applied materials inc amat rose 146 to 8415 kla corp klac rose 158 to 30838 and asm international nv asmiy rose 045 to 23668 trading volume 12 m remained 246705 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 lyondellbasell industries nv cl a lyb rose 140 to 9287 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 077 to 445858 and dow jones industrial average djia falling 078 to 3460772 the stocks rise snapped an eightday losing streak lyondellbasell industries nv cl a closed 2515 short of its 52week high 11802 which the company reached on june 3rd the stock demonstrated a mixed performance when compared to some of its competitors friday as royal dutch shell plc adr cl a rdsa rose 030 to 3947 celanese corp ce rose 023 to 15321 and westlake chemical corp wlk rose 177 to 8615 trading volume 28 m eclipsed its 50day average volume of 18 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 exxon mobil corp xom advanced 286 to 11492 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 129 to 416400 and the dow jones industrial average djia rising 078 to 3415669 exxon mobil corp closed 286 below its 52week high 11778 which the company reached on january 26th trading volume 160 m remained 13 million below its 50day average volume of 173 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 stocks finished lower on thursday as tesla inc’s earnings report weighed on shares of the electricvehicle giant the sp 500 spx fell by 2464 points or 06 to 412988 according to preliminary data from factset the dow jones industrial average djia declined by 11013 points or 03 to 3378688 the nasdaq composite comp shed 9767 points or 08 to 1205956

tapestry the company behind coach and kate spade beat analyst expectations thursday for its second quarter earnings and raised its annual profit forecast though it was a different story for its competitor capri holdings whose brands include michael kors and versace tapestrys gains sending the stock up over 3 thursday came a day after capris disappointing third quarter earnings report capri shares fell more than 25 over the past two days after it lowered its fiscal fourth quarter and fiscal 2024 outlook and it missed estimates across revenues eps and margins tapestry said almost half of its 26 million new north american customers were gen z and millennials it posted increased gains in the average selling price of handbags including coachs heartshaped handbags and bandit shoulder bags rick patel managing director at raymond james said both tapestry and capri have done a great job bringing new younger customers into their brands through social media and website appeal though he acknowledges the coach brand has executed its gotomarket strategy better than michael kors tapestry has spent years retooling its brands and making them relevant for gen z and millennial consumers said ian schatzberg ceo and cofounder of brand agency general idea who has worked with capri and tapestry schatzberg told cnbc tapestry has tried to represent different age groups and stylistic demographics by finding ambassadors for different communities and centering them within their products he said some competitors have not employed this diversity of cultural context in their marketing strategy what youre seeing with the tapestry numbers is an indication of a portfolio of brands that has really focused on modernizing the way in which they behave and connecting with consumers who may be under some degree of pressure but are still looking to buy handbags apparel outerwear and footwear schatzberg said tapestry reported pershare earnings of 136 on thursday topping estimates of 127 according to a survey of analysts conducted by refinitiv tapestry beat eps estimates three times in the last four quarters revenue matched analyst expectations of 203 billion for the quarter this was a 5 yearoveryear decrease from 214 billion

shares of railroad operators fell wednesday helping drag the dow jones transportation average down by 13 in midday trading despite a 39point gain in the dow jones industrial average and 03 rise in the sp 500 amid concerns over a possible labor strike shares of union pacific corp shed 48 norfolk southern corp dropped 28 and csx corp slumped 26 the combined price declines of those stocks shaved about 112 points off the dow transports price while the dow transports fell 174 points

shares of norfolk southern corp nsc shed 061 to 25423 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 008 to 389209 and dow jones industrial average djia falling 034 to 3351765 norfolk southern corp closed 4275 short of its 52week high 29698 which the company achieved on january 10th the stock underperformed when compared to some of its competitors monday as union pacific corp unp fell 026 to 21146 trading volume 11 m remained 109915 below 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

never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

shares of ppg industries inc ppg shed 134 to 13889 friday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 077 to 434833 and dow jones industrial average djia falling 065 to 3372743 this was the stocks second consecutive day of losses ppg industries inc closed 662 below its 52week high 14551 which the company achieved on april 24th the stock underperformed when compared to some of its competitors friday as 3m co mmm rose 029 to 10072 and sherwinwilliams co shw rose 031 to 24704 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

cash should be investors top pick in 2023 but bonds are smarter than equities for investors barclays said ajay rajadhyaksha global head of research said the ability to earn 4 or more with basically no risk will drag on both stocks and bond markets next year but he said hed play bonds if he had to pick one or the other if forced to choose between stocks and bonds we would be overweight core fixed income over equities rajadhyaksha said in a note to clients but cash should be the real winner of 2023 with us frontend yields likely to go to 45 or higher and stay there for several quarters why bonds over equities rajadhyaksha continues to expect that the federal reserves focus will be on cooling inflation to a target 2 through interest rate hikes and that will keep longend yields anchored despite the current risk priced into them the macro backdrop entering 2023 looks decidedly negative he said the world is set for one of its weakest years of growth in decades and unlike in past recessions monetary policy will remain restrictive even in the throes of the coming downturn rajadhyaksha said its an optical illusion to not view a 4 yield on the 10year treasury as high when comparing it to history thats because the 10year yield growth shows that capital losses are high whereas the s p 500s performance this year looks relatively more neutral for equities the s p 500 s performance shows there is still a downside coming with barclays forecasting a bottom in the first half of 2023 last weeks rally doesnt change that expectation instead it reinforces that investors are fixated on when the fed will slow rate hikes rajadhyaksha said he cautioned that they should remember the central bank typically stops raising rates before a recession occurs the drop of 163 within the s p 500 shows the index is only about halfway to the range of 30 and 35 down – which in this case would be at around 3200 points – from where he said it usually hits before rebounding the continued bond selloff compression of stock multiples and another season of lessthanpositive earnings reports will drive down the equities market in the fourth quarter he said on the other hand rajadhyaksha said bond yields have responded more meaningfully thus far to the feds hikes which makes him less concerned of a big drop to yields beyond what investors are already anticipating he said longterm core bonds have relatively low downside because they have already felt the brunt of the tightening economy whereas equities have a farther way to go bonds could see a significant upside if the soft economic landing hardens he said still he said the comparatively lower risk of holding cash makes both less enticing meanwhile he said neither us credit or the dollar look particularly attractive in 2023 the fed funds rate is headed over 45 so cash is a lowrisk alternative that should drag on financial market valuations he said

in a quarterly earnings report out friday the drugmaker abbvie cut its fullyear earnings guidance and a number of its key drugs missed wall street estimates the company’s firstquarter earnings were roughly in line with wall street expectations

shares of fiserv inc fisv slipped 333 to 10056 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 threeday winning streak fiserv inc closed 1043 below its 52week high 11099 which the company achieved on january 13th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as visa inc cl a v fell 289 to 20095 mastercard inc ma fell 401 to 31982 and fidelity national information services inc fis fell 430 to 7947 trading volume 62 m eclipsed 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

never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

shares of carmax inc kmx rallied 264 to 6110 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 057 to 405083 and the dow jones industrial average djia rising 043 to 3285903 this was the stocks second consecutive day of gains carmax inc closed 4514 below its 52week high 10624 which the company achieved on august 16th the stock demonstrated a mixed performance when compared to some of its competitors thursday as carvana co cl a cvna rose 1220 to 883 acv auctions inc acva rose 186 to 1257 and kar auction services inc kar rose 176 to 1328 trading volume 19 m remained 261270 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

wall streets favorite volatility gauge appears to be signaling a calm stock market and complacent investors but strategists say its likely a prelude to more market volatility and a potential rout in the s p 500 cboes volatility index a measure of expected market volatility based on put and call options on the s p 500 fell below 20 last week and traded below the key level again tuesday it was last at 1927 the old saying is hedge when you can not when you have to said julian emanuel head of equity derivative and quantitative strategy at evercore isi the vix below 20 is the absolute epitome of hedging when you can not when you have to whether its upside or downside emanuel said there several catalysts for volatility the earnings season could contain unexpected negatives for stocks while the federal reserve on feb 1 is expected to make a rate announcement and provide some guidance on more rate hikes early wednesday could also provide some shocks depending on whether the bank of japan sounds more hawkish at its policy meeting he said emanuel said contrasting those potential negatives to the fact that investors are snapping up last years losers and betting on risk in things like bitcoin is sending mixed signals on the direction of the market there is an inherent confusion going on here he said frankly since december the market has done an excellent job of fooling the most people most of the time here the winners are losing and the losers are winning and nobody has the right positions by and large vix 1y line vix that in itself is a reason for higher volatility strategists see the low vix as a warning that the volatility will be a downside move for stocks which has been expected by many investors for the first half of the year its a warning signal for the s p 500 which does uphold an inverse correlation for the vix said katie stockton founder of fairlead strategies she said the low vix reading is associated with a short and intermediateterm oversold market which indicates complacency among investors with the assumption that the bear market cycle still has a hold the vix has found support in this range all throughout 2022 once the bear market cycle began the first low was late march to early april and it was in this range she said stockton said the second time was august and the third was early december each time the s p 500 subsequently sold off spx 1y line sp she is now watching to see if the vix will rise to its 50day moving average and close above it the 50day or the average of the last 50 closes was at 2213 on tuesday a close above that level could signal more upside for the vix and potential downside for the s p 500 which has initial support at 3800 the higher the vix goes the more volatile the move in stocks could be were watching the 50day moving average on the vix as a risk metric for the s p 500 she said stockton said she expects the stock market to consolidate this week beginning a pull back as investors consider earnings and economic data stockton said the vix could go a lot higher this year particularly if the market tests its lows and breaks them looking over the history of the vix there has rarely been a bear market cycle or even a corrective low that occurs without a move into the high 40s mid 50s range she said looking at past major routs in the s p 500 its always associated with a vix at a much higher level obviously that would require a shift in market sentiment to get the vix there because of the nature of how its constructed she said there is a lot of skepticism surrounding the predictive power of the vix as a sentiment gauge were kind of skeptical of the skeptics she said how to play it susquehannas chris murphy said the vix has been a powerful signal in the past 18 months he said when the vix falls below 20 its been a signal to sell the market when it rises above 30 its time to buy ever since the fed became hawkish in late 2021 this trend has been clearly better than buy and hold and its a pretty good market timer for those who have been actively trading the market said murphy cohead derivatives strategy at susquehanna international group longer term the trend did not work better than buy and hold since the vix for example fell below 20 and stayed below for a long period in 2016 and 2017 investors would have missed out on gains in those years if they followed the sell strategy but there are other ways to play a down market that could be easier and cheaper for investors not only if you dont want to get out because you dont want to miss an opportunity like 2016 and 2017 hedging is attractive here he said the hedging costs are lower you could buy puts that are a lot cheaper emanuel recommended in december that investors hedge for both upside and downside volatility in the s p 500 in the first quarter emanuels strategy involves buying march 31 s p 500 puts and calls that are out of the money he said that since the october low the index has been in a range between 3500 and 4100 so he recommended puts at 3500 and calls at 4100 that way investors could benefit from sharp swings in either direction a put option gives the holder the right to sell an asset at a set price known as the strike price when the value of the asset is trading above the strike price on the put option then the option is out of the money a call option simply gives the owner the right to buy an asset at a given strike price when the value of the underlying asset is trading below the strike then the call is out of the money murphy said it seems the volatility in the s p 500 will be to the downside i think the general thought has been that everybody was looking for the first quarter for all sorts of other things to be washed out he said im kind of on the fence thinking the real reset is going to be pushed out a little bit

shares of ball corp bll dropped 057 to 8596 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 057 to 429612 and the dow jones industrial average djia rising 070 to 3404946 this was the stocks third consecutive day of losses ball corp closed 1213 below its 52week high 9809 which the company reached on september 3rd despite its losses the stock outperformed some of its competitors monday as boeing co ba fell 057 to 17591 northrop grumman corp noc fell 076 to 44402 and crown holdings inc cck fell 230 to 11661true trading volume 15 m remained 132367 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

casey’s general stores stock is ticking lower after the company’s fiscal firstquarter results yet the stock’s longerterm rally looks to be on track late wednesday casey’s ticker casy said it earned 409 a share on revenue that rose 40 year over year to 445 billion analysts were looking for the conveniencestore chain to earn 378 a share on revenue of 442 billion

shares of udr inc udr advanced 128 to 5943 monday on what proved to be an allaround positive 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 udr inc closed 052 below its 52week high 5995 which the company reached on december 15th the stock demonstrated a mixed performance when compared to some of its competitors monday as equity residential eqr rose 136 to 8938 avalonbay communities inc avb rose 160 to 24970 and essex property trust inc ess rose 112 to 34651 trading volume 10 m remained 707522 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

newcrest mining ltd on tuesday said it has approved a 214million australian dollar us139 million investment to extend the life of its telfer gold mine in australia and that it has hedged more of its future sales from the operation to lock in margins the miner said the west dome stage 8 cutback at its telfer operation should start producing ore in the current quarterits second quarter of fiscal year 2023and extend operations there into early fiscal year 2025 newcrest said a further 432479 troy ounces of planned gold sales have been hedged a total of 137919 ounces in hedges were recorded as outstanding at june 30 the company hedges gold output there because telfer is a largescale lowgrade mine and its profitability and cash flow are both very sensitive to the realized australian dollar gold price newcrest said

shares of virgin galactic holdings inc spce advanced 231 to 531 monday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 201 to 1136441 and the dow jones industrial average djia rising 076 to 3362956 this was the stocks second consecutive day of gains virgin galactic holdings inc closed 594 below its 52week high 1125 which the company achieved on march 29th the stock outperformed some of its competitors monday as raytheon technologies corp rtx rose 200 to 9625 and boeing co ba rose 155 to 20997 trading volume 95 m eclipsed 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 metlife inc met rallied 115 to 6249 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 metlife inc closed 519 short of its 52week high 6768 which the company achieved on may 10th the stock outperformed some of its competitors monday as prudential plc adr puk rose 074 to 3420 assurant inc aiz rose 071 to 15336 and unitedhealth group inc unh rose 083 to 49950 trading volume 30 m remained 17 million below its 50day average volume of 46 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

behind declines for shares of intel and walt disney the dow jones industrial average is falling wednesday afternoon shares of intel intc and walt disney dis have contributed to the bluechip gauges intraday decline as the dow djia was most recently trading 330 points lower 09 intels shares have dropped 129 36 while those of walt disney are down 229 or 26 combining for an approximately 24point drag on the dow other components contributing significantly to the decline include microsoft msft boeing ba and chevron cvx 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 quanta services inc pwr dropped 025 to 12098 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 018 to 461367 and the dow jones industrial average djia rising 026 to 3591384 this was the stocks second consecutive day of losses quanta services inc closed 197 below its 52week high 12295 which the company reached on october 29th the stock underperformed when compared to some of its competitors monday as emcor group inc eme rose 135 to 12313 mastec inc mtz rose 210 to 9100 and dycom industries inc dy rose 268 to 8155 trading volume 925164 remained 207692 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 american water works co awk inched 044 higher to 15192 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 075 to 410123 and dow jones industrial average djia falling 054 to 3281323 american water works co closed 3773 short of its 52week high 18965 which the company achieved on december 31st the stock outperformed some of its competitors wednesday as veolia environnement sa adr veoey fell 150 to 2761 american states water co awr rose 018 to 7939 and california water service group cwt rose 043 to 5390 trading volume 12 m eclipsed its 50day average volume of 875728 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 lamb weston holdings inc lw slipped 011 to 11116 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 072 to 406122 and dow jones industrial average djia falling 086 to 3312774 lamb weston holdings inc closed 187 short of its 52week high 11303 which the company reached on may 3rd the stock underperformed when compared to some of its competitors thursday as mondelez international inc cl a mdlz rose 035 to 7729 kraft heinz co khc rose 147 to 4084 and general mills inc gis rose 064 to 8940 trading volume 789819 remained 595061 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 berkshire hathaway inc cl b brkb slid 033 to 29900 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 026 to 476618 and dow jones industrial average djia falling 016 to 3633830 the stocks fall snapped a sevenday winning streak berkshire hathaway inc cl b closed 265 short of its 52week high 30165 which the company achieved on december 30th trading volume 29 m remained 13 million 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 omnicom group inc omc inched 047 higher to 9037 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 420552 and the dow jones industrial average djia falling 015 to 3304278 this was the stocks second consecutive day of gains omnicom group inc closed 641 below its 52week high 9678 which the company achieved on april 18th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as trade desk inc cl a ttd rose 341 to 6998 and gartner inc it fell 022 to 34251 trading volume 15 m remained 151295 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

stocks realtime us stock quotes reflect trades reported through nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes international stock quotes are delayed as per exchange requirements fundamental company data and analyst estimates provided by factset copyright 2019© factset research systems inc all rights reserved source factset indexes index quotes may be realtime or delayed as per exchange requirements refer to time stamps for information on any delays source factset markets diary data on us overview page represent trading in all us markets and updates until 8 pm see closing diaries table for 4 pm closing data sources factset dow jones stock movers gainers decliners and most actives market activity tables are a combination of nyse nasdaq nyse american and nyse arca listings sources factset dow jones etf movers includes etfs etns with volume of at least 50000 sources factset dow jones commodities futures futures prices are delayed at least 10 minutes as per exchange requirements change value during the period between open outcry settle and the commencement of the next days trading is calculated as the difference between the last trade and the prior days settle change value during other periods is calculated as the difference between the last trade and the most recent settle source factset data are provided as is for informational purposes only and are not intended for trading purposes factset a does not make any express or implied warranties of any kind regarding the data including without limitation any warranty of merchantability or fitness for a particular purpose or use and b shall not be liable for any errors incompleteness interruption or delay action taken in reliance on any data or for any damages resulting therefrom data may be intentionally delayed pursuant to supplier requirements mutual funds etfs all of the mutual fund and etf information contained in this display with the exception of the current price and price history was supplied by lipper a refinitiv company subject to the following copyright 2019© refinitiv all rights reserved any copying republication or redistribution of lipper content including by caching framing or similar means is expressly prohibited without the prior written consent of lipper lipper shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon cryptocurrencies cryptocurrency quotes are updated in realtime sources coindesk bitcoin kraken all other cryptocurrencies calendars and economy actual numbers are added to the table after economic reports are released source kantar media

the us treasury yield curve risks inverting early on during the federal reserve’s interest rate hiking cycle expected to begin wednesday and this would signal a looming recession warns a deutsche bank research note “not every fed hiking cycle leads to a recession but all hiking cycles that invert the curve have led to recessions within 1 to 3 years” said jim reid head of thematic research at deutsche bank in a note emailed wednesday “the problem with the fed hiking cycle that starts today is that there is a decent likelihood that the curve inverts relatively early on” the yield curve measured by the spread between 2year and 10year treasury rates has flattened after peaking at 1576 basis points last march according to the note the difference between 2year and 10year yields traded as low as 219 basis points last week reid said with inflation so high “there is not only a strong risk that the curve inverts relatively early but that the fed will need to continue hiking anyway” he wrote us inflation gauged by the consumerprice index has risen to the second highest level “at the start of any postwar hiking cycle” some investors have worried that the fed could tip the economy into recession should it become too aggressive in raising its benchmark interest rates in an effort to battle rising prices the fed’s twoday policy meeting concludes wednesday with chair jerome powell’s ensuing press conference scheduled for 230 pm eastern time reid’s note detailed every fed hiking cycle over the last 70 years how long it took for a recession to follow the shape of the yield curve and the rate of inflation at the start of the central bank’s first rate increase “we’ve ordered this by length of time from first hike to recession to demonstrate that the quickest recessions following hikes were associated with an inverted curve by the time the fed stopped hiking” he wrote the yield on the 2year treasury note tmubmusd02y rose tuesday to a 52week high of 1855 according to dow jones market data tenyear treasury yields tmubmusd10y climbed to 2160 to also reach a 52week high tuesday that resulted in a yield curve spread of around 030 basis points “none of the us recessions in the last 70 years have occurred until the 2s10s have inverted” reid wrote “on average it takes 1218 months from inversion to recession”

stocks realtime us stock quotes reflect trades reported through nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes international stock quotes are delayed as per exchange requirements fundamental company data and analyst estimates provided by factset copyright 2019© factset research systems inc all rights reserved source factset indexes index quotes may be realtime or delayed as per exchange requirements refer to time stamps for information on any delays source factset markets diary data on us overview page represent trading in all us markets and updates until 8 pm see closing diaries table for 4 pm closing data sources factset dow jones stock movers gainers decliners and most actives market activity tables are a combination of nyse nasdaq nyse american and nyse arca listings sources factset dow jones etf movers includes etfs etns with volume of at least 50000 sources factset dow jones commodities futures futures prices are delayed at least 10 minutes as per exchange requirements change value during the period between open outcry settle and the commencement of the next days trading is calculated as the difference between the last trade and the prior days settle change value during other periods is calculated as the difference between the last trade and the most recent settle source factset data are provided as is for informational purposes only and are not intended for trading purposes factset a does not make any express or implied warranties of any kind regarding the data including without limitation any warranty of merchantability or fitness for a particular purpose or use and b shall not be liable for any errors incompleteness interruption or delay action taken in reliance on any data or for any damages resulting therefrom data may be intentionally delayed pursuant to supplier requirements mutual funds etfs all of the mutual fund and etf information contained in this display with the exception of the current price and price history was supplied by lipper a refinitiv company subject to the following copyright 2019© refinitiv all rights reserved any copying republication or redistribution of lipper content including by caching framing or similar means is expressly prohibited without the prior written consent of lipper lipper shall not be liable for any errors or delays in the content or for any actions taken in reliance thereon cryptocurrencies cryptocurrency quotes are updated in realtime sources coindesk bitcoin kraken all other cryptocurrencies calendars and economy actual numbers are added to the table after economic reports are released source kantar media

shares of biote corp were trading lower after their debut on nasdaq friday at 1139 am et the companys stock had fallen 909 to trade at 820 a share on thursday the company said it has completed a business combination with special purpose acquisition company haymaker acquisition corp iii following the transaction the combined company was renamed biote corp and its shares began trading on the nasdaq stock exchange under the symbol btmd the stock which opened at 1004 a share traded as low as 752 earlier in the session biote said it provides the necessary components to enable biotecertified practitioners to establish build and successfully implement a program designed to optimize hormone levels using personalized solutions for their patient populations

florida cannabis regulators are in need of additional funds to keep the state’s burgeoning medical marijuana market up and running reported florida politics to address the growing demand for medical cannabis the florida department of health doh has incorporated a 62 million increase for the office of medical marijuana use ommu in its state fiscal year fy 202324 legislative budget request lbr half of the 62 million request from ommu would cover hiring additional 31 fulltime employees to serve in its tallahassee headquarters and new regional offices the other half is expected to fund costs of work done by outside contractors such as legal representation administration of the seedtosale tracking systems production of medical marijuana identification cards and licensure review to name a few which ommu’s current revenues don’t cover lbr said the document also revealed that ommu intends to award 23 additional licenses in the current fiscal year to address the growing number of registered patients which is expected to reach 889497 by june 30 2023 however according to the state’s projections with 1044072 patients poised to qualify for medical marijuana treatment and register with the state by june 2024 florida plans to award additional eight medical marijuana treatment center licenses during the next application cycle during fy 20232024 ommu also expects “significant” litigation due to the licensure decisions to address the issue the lawmakers included an additional 650000 in nonrecurring funds apart from the 15 million it routinely receives in the current year’s budget gov desantis says mmj business need to pay more to operate in florida meanwhile the move follows republican governor ron desantis’ earlier statement that medical cannabis businesses should pay a lot more for a chance to operate in the sunshine state legally the state “should charge these people more” he said according to the tampa bay times “i mean these are very valuable licenses i would charge them an arm and a leg i mean everybody wants these licenses” interestingly he was not clear enough on who would be impacted most whether medical marijuana companies that are already operating in the state such as trulieve cannabis corp trul tcnnf red white bloom brands inc rwbyfrwb columbia care inc cchw cchw cchwf 3lp curaleaf holdings inc cura curlf fluent flnt and verano holdings corp vrnof or companies that have yet to do business in florida but are interested meanwhile in 2015 medical cannabis operators in florida had to pay around 60000 to be allowed to sell lowthc marijuana products businesses also have to renew their licenses every two years

ge healthcare technologies gehc stock was down 3 premarket on tuesday after the company announced late monday that general electric co ge plans to sell 25 million shares or about 2 billion of the medical technology company in a debtforequity exchange in connection with the offering ge is expected to exchange up to 2875 million shares of ge healthcare technologies for ge debt held by affiliates of morgan stanley according to a regulatory filing ge in january completed the spinoff of the healthcare business into a separate public company

shares of campbell soup co cpb rallied 150 to 4677 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 062 to 429393 and the dow jones industrial average djia rising 050 to 3383361 campbell soup co closed 1101 short of its 52week high 5778 which the company reached on december 28th the stock outperformed some of its competitors thursday as mondelez international inc cl a mdlz rose 125 to 7309 kraft heinz co khc rose 065 to 3719 and general mills inc gis rose 141 to 8265 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 hand of a sculpture of former us president george washington is pictured with the facade of the new york stock exchange nyse in manhattan in new york city new york us january 28 2021 reutersmike segar new york dec 2 reuters a broad rally sent wall street to a sharply higher close on thursday recovering ground lost over recent sessions as market participants snapped up bargains while digesting the implications of a shifting pandemic all three us indexes advanced with investors favoring value ivx over growth igx and economically sensitive smallcaps rut and transports djt outperforming the broader market of the three the dow gained the most with boeing co ban providing the biggest lift to the bluechip industrial average we went 29 days in a row in the sp 500 without a 1 change up or down but boom omicron hits and five days we’ve had this blast of volatility said ryan detrick chief market strategist at lpl financial in charlotte north carolina after the worst twoday drop in more than a year we’re finally seeing a bit of a bounce detrick added buyers are starting to nibble after the recent weakness and pushed stocks higher but the uncertainty of omicron is still out there as world governments scramble to determine how to respond to the emergent covid19 omicron variant the united states is set to require private health insurance companies to provide athome tests a policy expected to go into effect on jan 15 read more the omicron variant has spooked markets for about a week hitting travelrelated stocks particularly hard as a patchwork of new restrictions were enacted around the globe but those companies were bouncing back in thursdays session read more the sp 1500 airlines spcomair and hotel and restaurants spcomhrlindexes ended the session sharply higher jobless claims and planned layoffs data provided further evidence that employers are increasingly disinclined to hand out pink slips amid a tight labor market the result of booming demand colliding with worker scarcity and low labor market participation read more labor scarcity combined with stubbornly persistent supply chain constraints has helped erase the word transitory from the federal reserves inflation vocabulary as wages and prices continue to rise and could very well translate into rate hikes coming sooner and faster than many had hoped read more market participants now train their gaze on the labor departments hotly anticipated november employment report expected on friday were optimistic we’ll have another strong number suggesting the economy continues to be on very firm footing detrick added we’re watching wage growth for any hints of potential inflationary worries according to preliminary data the sp 500 spx gained 6346 points or 141 to end at 457650 points while the nasdaq composite ixic gained 12878 points or 084 to 1538283 the dow jones industrial average dji rose 62237 points or 183 to 3464441 all 11 major sectors of the sp 500 closed in positive territory boeing shares surged after chinas aviation authority gave its seal of approval the planemakers 737 max aircraft read more grocery retailer kroger co krn raised its fullyear sales and profit forecasts sending the stock sharply higher read more consumer credit companies visa inc vn mastercard inc man and american express co axpnall posted robust gains reporting by stephen culp additional reporting by devik jain and anisha sircar in bengaluru editing by marguerita choy

ottawaan advance estimate of canadian wholesale trade indicates sales declined in february led by a drop in sales of motor vehicles parts and accessories statistics canada on friday said advance results for wholesale sales point to a fall of 16 for the month the statistics agency continues to collect data for december and said the early indicator is subject to a higher revision rate that the regular monthly figure it releases the estimates show that wholesale sales of food beverages and tobacco products were also down for the month as were sales of building materials and supplies while sales of farm products machinery equipment and supplies and miscellaneous goods all rose earlier this month statistics canada reported that wholesale sales rose 24 on a seasonally adjusted basis in january to 8421 billion canadian dollars the equivalent of us6139 billion declines in machinery equipment and supplies and of miscellaneous goods led the losses the data agency is scheduled to release official february trade data april 17

são paulotransmissora alianca de energia eletrica sas shares fell 28 thursday after the brazilian power company posted disappointing earnings for the fourth quarter taesas shares fell to 3621 reais 688 after being up 74 from the end of last year through wednesdays close brazils benchmark ibovespa stocks index was up 09 in midafternoon trading taesa said wednesday evening that it had net income of brl228 million in the quarter down from net income of brl4231 million a year earlier revenue and consolidated ebitda both came in below expectations according to analysts at brazilian investment bank itaú bba which has an underperform rating for taesas shares

us stock futures traded slightly higher in early premarket trade after the dow jones tumbled more than 500 points in the previous session investors are awaiting earnings results from bank of america corporation nyse bac morgan stanley nyse ms unitedhealth group incorporated nyse unh and the procter gamble company nyse pg data on housing starts and permits for december will be released at 830 am et analysts expect an annual rate of 1650 million for december starts down from 1679 million in the previous month permits are seen at 1710 million slightly down from 1717 million a month ago futures for the dow jones industrial average gained 31 points to 3529000 while the standard poor’s 500 index futures rose 650 points to 457775 futures for the nasdaq index gained 40 points to 1524600 the us has the highest number of covid19 cases and deaths in the world with total infections in the country exceeding 68767000 with around 877240 deaths india reported a total of at least 37901240 confirmed cases while brazil confirmed over 23215550 cases oil prices traded higher as brent crude futures rose 08 to trade at 8819 per barrel while us wti crude futures gained 1 to trade at 8819 a barrel the api’s report on crude oil stocks will be released today european markets were slightly higher today the stoxx europe 600 index rose 01 while spain’s ibex 35 index rose 02 and london’s ftse 100 gained 01 the french cac 40 index gained 04 while german dax dropped 01 the eurozone current account surplus shrank to eur 260 billion in november from eur 275 billion in the yearago month germany’s annual inflation rate was confirmed at 53 in december notching the highest level since june 1992 annual inflation rate in the uk climbed to 54 in december from 51 in the previous month while headline rate of output prices fell to 93 yearoveryear in december asian markets traded mostly lower today japan’s nikkei dipped 28 hong kong’s hang seng index rose 006 while china’s shanghai composite fell 033 australia’s spasx 200 fell 1 and india’s bse sensex fell 11 the consumer sentiment index in australia slipped 2 to 1022 in january keybanc downgraded toll brothers inc nyse tol from sector weight to underweight and announced a 56 price target check out other major ratings here jb hunt transport services inc nasdaq jbht reported betterthanexpected results for its fourth quarter on tuesday american financial group inc nyse afg announced plans to acquire verikai inc for 120 million in cash signature bank nasdaq sbny reported pricing of its underwritten offering of 2100000 shares at 35200 per share general motors co nyse gm has secured a tax break on its proposed 13 billion investment to expand the orion assembly plant for building electric vehicles the detroit free press reported on tuesday citing an orion township trustee check out other breaking news here

shares of tjx cos tjx rallied 304 to 6334 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 247 to 428750 and the dow jones industrial average djia rising 185 to 3391639 this was the stocks second consecutive day of gains tjx cos closed 1401 below its 52week high 7735 which the company reached on january 4th the stock outperformed some of its competitors thursday as target corp tgt rose 235 to 23639 ross stores inc rost rose 288 to 10417 and gap inc gps rose 280 to 1286 trading volume 42 m remained 37 million below its 50day average volume of 80 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

never miss a trade again with the fastest news alerts in the world this headline only article is a sample of realtime intelligence benzinga pro traders use to win in the markets everyday want the fastest most accurate stock market intelligence want exclusive stories originated by benzinga reporters join 10000 serious traders in the benzinga pro community

kweichow moutai co shares rose in shanghai after the chinese liquor maker declared a firstever special dividend the stock gained 50 to 158523 yuan us21992 on track for its best oneday rise in nearly a month the sharp upturn came after the company one of chinas largest public firms late monday proposed to issue a special dividend for the first time since it listed in 2001 the dividend will be cny2191 a share leading to a total distribution of cny2752 billion for all shareholders the special handout is intended in part to boost market confidence and to enhance shareholders sense of gain the company said in a stock exchange filing in a separate statement on monday moutai said its controlling shareholder and another shareholder have indicated plans to increase their stakeholding after receiving the special dividends the shareholders will use no less than cny155 billion and up to cny309 billion of funds to conduct the stock purchase the plan is based on confidence in the companys future development prospects and continued solid growth as well as in recognition of the companys longterm value according to moutai

shares of everest re group ltd re inched 026 higher to 38076 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 053 to 401232 and the dow jones industrial average djia rising 033 to 3315391 the stocks rise snapped a twoday losing streak everest re group ltd closed 1424 short of its 52week high 39500 which the company reached on february 9th the stock outperformed some of its competitors thursday as marsh mclennan cos mmc fell 011 to 16388 and progressive corp pgr fell 009 to 14236 trading volume 259613 remained 30864 below its 50day average volume of 290477 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

countries can’t control the price of oil but they can nudge it in one direction or another and the latest signals from some of the most important policy makers in the oil market indicate that they want prices to stay above 80 according to bank of america analyst francisco blanch that is a shift from the longterm assumption about oil prices that could benefit energy companies and their investors historically policy makers have seemed intent on keeping oil above 60—a level that incentivizes producers to drill for more of it while keeping the cost of gasoline low enough that it doesn’t slow the economy down

us stock indexes were little changed in choppy trade on wednesday after data showed us consumer price inflation cooled to the lowest annul rate in two years in april though the core inflation which excludes food and energy prices remained high on tuesday the dow jones industrial average fell 57 points or 017 to 33562 the sp 500 declined 19 points or 046 to 4119 and the nasdaq composite dropped 77 points or 063 to 12180 stocks were struggling for direction after the labor department said wednesday that the consumer price index rose 04 in april up from a 01 rise in the prior month but over the past 12 months consumer inflation increased 49 down from a 5 yearonyear increase in march economists polled by the wall street journal had forecast the cpi increasing 04 and advancing 50 over the past year the annual rate is now the lowest since april 2021 while the number is still way above the feds 2 target the socalled core inflation rate rose 04 in april for the second straight month in line with economists forecasts for the year the core inflation rate excluding food and energy prices increased 55 down from a 56 rise in march traders are hoping that the lowerthanexpected inflation data may leave room for the us central bank to refrain from raising interest rates further at its june meeting if aprils cpi and labor reports are the beginning of a trend the fed has cause for cautious optimism according to ronald temple chief market strategist at lazard stripping through the noise the cpi report shows a clear downward trend in inflation while last weeks data evidenced a resilient labor market if the data next month looks like these reports the feds inclination to pause the rate hike cycle will be validated temple said the socalled core services exhousing category which fed chair jerome powell once said may be the most important category for understanding the future evolution of core inflation has gone down considerably according to dec mullarkey managing director of investment strategy and asset allocation at slc management still the fed will be taking an increasingly data dependent approach to determine whether future rate hikes may be appropriate according to jason pride chief of investment strategy and research at glenmede while there are several indicators that they may use in their calculus todays cpi report is unlikely to give them much confidence that inflation is sustainably on its way back to the 2 target pride said this alone is unlikely to push the fed toward another immediate rate hike but with inflation still running hot it is difficult to picture rate cuts occurring any time soon investors are currently pricing in the federal reserve beginning to trim borrowing costs in coming months a hope that is seen underpinning stocks of late and helping the sp 500 index move towards the top of the 3800 to 4200 range its has held all year however corporate earnings so far have been stronger than expectations which provide reasons for stocks to continue to move up according to mullarkey company earnings reports on wednesday included roblox rblx wendys wen and icahn enterprises iep before the opening bell and walt disney dis robinhood markets hood and beyond meat bynd are due after the close nevertheless concerns around the us debt ceiling debate in congress linger and the market may start to trade in a fairly tight range mullarkey said in a call the equity markets havent been showing a lot of concern yet because everybodys seen this before mullarkey said but if you saw any blips there if theres any chance we run over and have any serious interruption i think equities would sell out very quickly because some of the impact could be quite severe on growth mullarkey said this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal

shares of pepsico inc pep sank 045 to 15809 monday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 034 to 448646 and the dow jones industrial average djia falling 010 to 3525861 this was the stocks second consecutive day of losses pepsico inc closed 157 below its 52week high 15966 which the company achieved on october 15th the stock demonstrated a mixed performance when compared to some of its competitors monday as nestle sa adr nsrgy rose 002 to 12474 cocacola co ko fell 099 to 5394 and unilever plc adr ul fell 045 to 5272 trading volume 33 m remained 499210 below its 50day average volume of 38 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

this post contains sponsored advertising content this content is for informational purposes only and is not intended to be investing advice it is hard to imagine how humanity would have advanced without copper identified by its reddishgold color copper has found its way into nearly every facet of human life if you haven’t noticed by now copper is everywhere from the laptop you might be reading this article on to the wiring in your walls and the pipes in your plumbing system it can also be found in coins household electronic and personal devices like tvs printers radios stoves refrigerators washing machines dryers and dishwashers because it conducts heat and electricity well demand for copper is even sometimes viewed as a leading indicator of an economy’s health because of its widespread applications in most sectors that demand is reflected in its market price currently more than five million tons of copper are produced annually and it is the thirdmost used metal globally just behind aluminum and iron copper and the evolution of electric cars as countries begin to shift toward electric vehicles evs to cut down on carbon emissions copper has reportedly emerged as one of the cornerstones of the ev revolution the ev industry which has players like tesla inc tsla and rivian automotive inc rivn is dependent on copper because of its high electrical conductivity durability and malleability it is a major component in electric motors batteries inverters wiring and charging stations an ev can contain more than a mile of copper wiring in its stator windings several analysts from banks such as goldman sachs group inc gs are saying that the increasing demand could significantly impact the copper market and are bullish about the copper price forecast for 2022 and beyond by q4 2022 goldman sachs predicts copper prices to reach 12250 per tonne meanwhile bank of america corp bac expects copper prices to average 9813 per tonne through 2022 what does precious metal growth means for miners like max resource the increasing demand for copper and other precious metals like gold and silver presents a unique growth opportunity for junior mining companies such as max resource corp max mxrof max resource is a mineral exploration company advancing the newly discovered districtscale cesar coppersilver project in colombia the whollyowned cesar project sits along the colombian portion of the world’s largest producing copper belt andean belt in an area with worldclass infrastructure due to the presence of global majors like glencore plc glen and chevron corp cvx which have significant coal and oil operations nearby what makes cesar so interesting is the sheer size of the project over 55 miles in length plus the fact that it was not discovered before the basin is huge and already mined for oil and coal but not yet for copper that was until 2 years ago when max resource discovered it interestingly the company says it has no plans to go into production unlike copper miners in the industry max resources says it is an exploration company focused on delivering value to its shareholders by being taken out the company hopes to do this by identifying valuable deposits that have been either misunderstood or overlooked by larger companies the company states that its specialty is reevaluating such assets finding value in them and then selling them off max resource boasts a reputation for working closely with governments federal municipalities and agencies in the communities it operates in evidence could be in the number of mining concessions granted to the company in 2021 and 2022 alone it has 19 to date with 16 last year alone which was more than any other mining company operating in colombia read more about max resource’s cesar copper silver and rt gold projects at maxresourcecomcesar and maxresourcecomrt this post contains sponsored advertising content this content is for informational purposes only and is not intended to be investing advice

haydale graphene industries plc said tuesday that it expects to report revenue for fiscal 2022 ahead of market expectations thanks to the strong launch of hitherm and a positive settlement reached regarding a contractual dispute with a us group the uk advancedmaterials group said that the launch of hitherm has led to sales of functionalized boron nitride conductive fluids that it expects to be markedly ahead of contractual volumes haydale said investment in the business will partly offset the uplift in revenue at the earnings before interest taxes depreciation and amortization level momentum from fiscal 2022 which ends june 30 is expected to continue during fiscal 2023 it said

shares of sealed air corp see sank 030 to 5632 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 045 to 380178 and dow jones industrial average djia falling 067 to 3077279 this was the stocks second consecutive day of losses sealed air corp closed 1441 short of its 52week high 7073 which the company reached on march 29th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as westrock

shares of blackberry ltd bb slipped 838 to 514 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 320 to 399124 and dow jones industrial average djia falling 199 to 3224570 this was the stocks third consecutive day of losses blackberry ltd closed 1503 below its 52week high 2017 which the company reached on june 3rd the stock demonstrated a mixed performance when compared to some of its competitors monday as crowdstrike holdings inc cl a crwd fell 1281 to 14369 vmware inc vmw fell 143 to 9919 and citrix systems inc ctxs fell 097 to 10002 trading volume 96 m eclipsed 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

shares of keysight technologies inc keys rose 104 to 15644 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 030 to 394872 and the dow jones industrial average djia rising 023 to 3210525 keysight technologies inc closed 3301 below its 52week high 18945 which the company reached on december 13th the stock outperformed some of its competitors thursday as emerson electric co emr fell 036 to 8310 agilent technologies inc a fell 194 to 13113 and rockwell automation inc rok rose 028 to 27842 trading volume 15 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

shares of cf industries holdings inc cf inched 058 higher to 9500 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 281 to 417520 and dow jones industrial average djia falling 238 to 3324018 the stocks rise snapped a fiveday losing streak cf industries holdings inc closed 1849 below its 52week high 11349 which the company reached on april 13th the stock outperformed some of its competitors tuesday as yara international asa adr yariy fell 328 to 2458 scotts miraclegro co smg fell 450 to 10191 and sociedad quimica y minera de chile sa adr sqm fell 421 to 7140 trading volume 44 m remained 429180 below its 50day average volume of 48 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 crown castle international corp cci sank 099 to 19606 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 169 to 441253 and dow jones industrial average djia falling 119 to 3430808 crown castle international corp closed 1381 short of its 52week high 20987 which the company reached on december 31st the stock demonstrated a mixed performance when compared to some of its competitors monday as america movil sab de cv

an investor looks at a board displaying stock prices at the australian securities exchange asx in sydney australia july 17 2017 reuterssteven saphore sydney sept 3 reuters an australian earnings season bonanza for shareholders has masked a more uncertain outlook for the corporate sector as the delta covid variant threatens to tip an economy that was surging only months ago back into its second recession in as many years australianlisted companies delivered a record a38 billion 28 billion in promised dividends to investors in the season that ended this week driven by banks and mining companies however when it came to the corporate outlook companies had much less cheer to offer companies really pulled back on giving outlook statements given the uncertainties said brad potter the head of australian equities at tyndall asset management i think the resilience of the economy has been amazing but given the situation that were in i dont think anyone is particularly bullish earnings reported by australias top 200 companies in august for the 2021 year came in slightly above expectations eikon data shows even as covid19 threw most of the country into lockdown however with the delta variant and declines in commodity prices from record highs threatening to tip the economy into a recession buyside analysts and investors have downgraded earnings and dividend forecasts following a whopping 37 increase in aggregate reported earnings by the 156 companies covered by citigroup in fiscal 2021 the broker cut its forecast for fiscal 2022 by 29 to a124 billion that included a cut of about 5 for the banking sector due to soft core earnings prospects and about 4 for mining companies driven by sharp falls in iron ore prices dividend consensus expectations for the year also fell by about 31 according to jpmorgan it does seem that the upward revision momentum in the near term has slowed down credit suisse portfolio manager mike jenneke said that would still leave a very robust expectation of 16 growth in earnings by citi this fiscal year as vaccination rates amongst 25 million australians increase and pentup demand drives an earnings rebound in the second half particularly in the financials materials and consumer discretionary sectors by comparison reuters data showed profits at us firms are estimated to decline 72 in the third quarter after rising 124 in the second quarter read more on a calendar year basis global earnings are expected to grow 8 in 2022 after a 46 jump in 2021 according to credit suisse in australia over a18 billion worth of share buybacks have been announced on top of the 80 jump in dividends declared during the reporting season while record ma is expected to deliver an extra windfall theres a whole lot of cash that is going to be hitting investors bank accounts over the next few months from those dividends said hugh dive atlas funds management chief investment officer looking ahead is a bit uncertain even for the companies that have done very well and are tracking very strong numbers its going to be difficult for them to keep going diagnostics firm sonic healthcare shlax whose profit more than doubled to a13 billion declined to provide earnings guidance saying the pandemic had the potential to cause fluctuations in both covid19 testing revenues and the base business reporting by paulina duran in sydney editing by sam holmes

shares in scottish sausagecasing maker devro sizzled on friday after german food giant saria served up a £667 million 807 million takeover devro stock rocketed 60 percent to 307 pence on the london stock market close to sarias agreed bid of 3161 pence per share the pair have reached agreement on the terms of a recommended cash acquisition they said in a statement to the london stock exchange saria believes that devro represents an attractive opportunity to acquire a highly regarded global business of scale which will accelerate its growth the german firm intends to maintain and invest in devros seven manufacturing sites to increase their capacity it added devro has its main base in scotland but also works out of production sites in australia china the czech republic the netherlands and the united states it employs 2000 people worldwide saria which has global operations spanning 26 countries with a workforce of 10500 specialises in agriculture and food products as well as biofuels the group is privately owned and based in selm western germany

shares of moodys corp mco inched 075 higher to 34210 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 024 to 440953 and the dow jones industrial average djia rising 062 to 3394440 moodys corp closed 896 short of its 52week high 35106 which the company achieved on june 16th the stock underperformed when compared to some of its competitors monday as sp global inc spgi rose 132 to 39843 and msci inc msci rose 188 to 48063 trading volume 467452 remained 301283 below its 50day average volume of 768735 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 wheaton precious metals corp wpm dropped 223 to c3992 monday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 083 to 1832704 this was the stocks third consecutive day of losses wheaton precious metals corp closed c2553 below its 52week high c6545 which the company reached on april 18th trading volume of 941579 shares remained below its 50day average volume of 995643 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

in 2021 all eyes were on tech cryptocurrencies and nfts under the radar wall street had a banner year trading initial public offerings spacs deal making mergers and acquisition and wealth management did extraordinarily well during the pandemic some of the toptier investment banks including goldman sachs jpmorgan citigroup morgan stanley and bank of america paid out around 142 billion to its workers in 2021 this amount doesn’t include the many other financial services firms if you add in all of the other banks private equity firms hedge funds and other entities in the securities industry ecosystem the amount is substantially larger it appears that the big banks are not immune to the same trends as frontline workers they need to pay up for talent or risk losing their best and brightest to the competition in this hot job market wall street leaders recognize that their bankers brokers traders and compliance professionals have an array of choices outside of their organizations to stem attrition and attract top performers along with keeping up with rising inflation management needed to ratchet up their pay packages the wall street journal reported “goldman sachs group inc gave about half a billion dollars in special stock bonuses to its roughly 400 partners people familiar with the matter said” goldman doled out 44 billion in compensation in 2021 sending the bank to its only quarterly profit drop of the year jpmorgan spent an additional 36 billion on compensation in 2021 and citigroup allocated an additional 29 billion bringing down its q4 profit similar to goldman the average goldman sachs employee took home just over 400000 in 2021 up 228 from 2020 according to financial times an average however needs to be taken into context there are some big investment bankers that rake in milliondollar paydays while some rank and file workers make modest—by wall street standards—90000 or so salaries goldman ceo david solomon who earned a 35 million pay package for 2021 said the pressures on pay were warranted to both bankers being compensated for a banner year along with keeping up with “wage inflation” within the securities industry jamie dimon jpmorgan chief executive who took home 345 million last year said “we will be competitive on pay” dimon added “if that squeezes margins a little bit for shareholders so be it there’s a lot more compensation for top bankers and traders and managers who i should say did an extraordinary job in the last couple years” while no one is going to hold a pity party for the bankers the lucrative pay—a large percentage in bonuses—came at a cost in 2020 a group of young analysts complained about being forced to work over 100hour workweeks other young bankers shared their concerns over being forced to work so many hours that they weren’t able to lead a normal life outside of the office to pacify the junior bankers they were given raises in the neighborhood of around 150k in total compensation banks started oneupping each other by giving lavish salary increases bonuses days off and peloton bikes to genz bankers bank of america barclays and other banks offered fivefigure raises time off and other incentives to make the junior bankers happier private equity giant apollo global management doled out sixfigure retentiontype bonuses in a hot market apollo plans to make about 100000 to 200000 awards predicated upon the recipients remaining with the private equity firm for a specified time period goldman sachs plans to offer new employee benefits in an effort to attract and retain its employees goldman is offering paid leave for pregnancy loss expanding the amount of time employees can take for bereavement leave introducing an unpaid sabbatical for longtime employees increasing its retirement fund matching contributions for us employees and eliminating the oneyear waiting period before matching employee contributions goldman head of human resources bentley de beyer said about the program “we wanted to offer a compelling value proposition to current and prospective employees and wanted to make sure we’re leading not just competing” according to the new york times “wall street is in revolt” the times reported that banks are begrudgingly loosening up on their demands for people to be in an office setting “across the financial industry at firms big and small workers are slowwalking their return to the office bankers for whom working from home was once unfathomable now can’t imagine going back to the office full time parents remain worried about transmitting the coronavirus to their children suburban dwellers are chafing at the thought of resuming long commutes and many younger employees prefer to work remotely” wrote the times wall street firms recognized that having a storied history isnt enough to attract recruit and retain the best and brightest as they face intense competition even the mighty wall street titans need to show empathy to their employees offer workstyle choices better benefits and competitive pay—or risk losing the best and brightest to other top companies

oil futures were flat to slightly higher friday but on track for weekly losses as fears of recession outweighed tight global supplies of crude west texas intermediate crude for august delivery cl1 cl00 clq22 was flat at 10273 a barrel on the new york mercantile exchange on track for a 53 weekly fall september brent crude brn00 brnu22 the global benchmark rose 32 cents or 03 to 10497 a barrel on ice futures europe but headed for a 6 weekly fall back on nymex august gasoline rbq22 fell 08 to 33926 a gallon while august heating oil hoq22 dropped 19 to 36055 a gallon mounting fears of recession were blamed for sinking crude prices this week with wti falling below 100 a barrel and entering a bear market crude and other commodities rebounded on thursday lifted as news reports said china was considering a 220 billion stimulus see commodity etfs tumble on recession worries but catch a rally on ‘reinflation day’ risks remain around oil flows from kazakhstan after a russian court earlier this week ordered the halting of loadings from the cpc terminal on russia’s black sea coast noted warren patterson head of commodities strategy at ing in a note the court ordered a 30day stoppage in loadings though kazakhstan has said oil flows remain unaffected he wrote noting that the cpc terminal exports around 13 million barrels a day of crude “so this is a concern for the oil market particularly at a time when there are already plenty of supply worries for the global oil market” more broadly analysts note that the oil market remains tight underlined by the premium for nearterm contracts over longerdated futures a phenomenon known as backwardation “the physical market is pricing in scarcity while the financial market is pricing in recession second despite the recent plunge in oil prices term structure remains relatively intact surprisingly” said michael tran analyst at rbc capital markets in a note recession fears however should be respected he said in a recessionary scenario in which demand suffers at a similar rate to previous downturns “we could see a scenario in which spot prices retreat into the mid 70bbl range in the back half of this year” tran said “the bullish conviction is high but sentiment is soft among the commodity trading community third while the debate regarding the health of the consumer remains an open ended question largescale demand destruction is rare”

shares of otis worldwide corp otis rallied 238 to 7537 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 161 to 446221 and the dow jones industrial average djia rising 145 to 3491120 the stocks rise snapped a sixday losing streak otis worldwide corp closed 1747 short of its 52week high 9284 which the company reached on august 30th the stock underperformed when compared to some of its competitors tuesday as parker hannifin corp ph rose 429 to 28295 dover corp dov rose 345 to 15168 and ingersoll rand inc ir rose 285 to 4795 trading volume 14 m remained 14 million below its 50day average volume of 27 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

these stocks are oversold into what could be good earnings reports barclays says

3i group on thursday said its largest investment nonfood discounter action delivered strong sales in the year to date while the rest of its private equity portfolio traded well the international investment managerwhich focuses on midmarket equity and infrastructuresaid action is on track for a quarter of profit growth and has a cash balance of more than 660 million euros 7203 million it added that the groups likeforlike sales grew 22 on year as of the end of its 25th week and its expansion plans are on track with 84 net new store openings in the period beyond action its private equity portfolio is showing resilience though lower customer demand and inflation pressures are affecting a small proportion of it it said despite the macroeconomic headwinds we remain confident that the 3i active management approach will build consistent value creation across the portfolio over the longer term the company said in a statement ahead of its annual general meeting

shares of ford motor co f took a 12 dive 1232 to 1309 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 113 to 385593 and dow jones industrial average djia falling 101 to 3070623 ford motor co closed 1278 below its 52week high 2587 which the company achieved on january 13th the stock underperformed when compared to some of its competitors tuesday as tesla inc tsla fell 011 to 30873 toyota motor corp adr tm fell 051 to 14073 and bayerische motoren werke ag adr bmwyy fell 201 to 2489 trading volume 1952 m eclipsed its 50day average volume of 622 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

stelco holdings inc said monday that lower steel prices would hurt financial results for the rest of the year the warning came as the canadian steelmaker reported preliminary results for the second quarter the company said it expects adjusted earnings before interest taxes depreciation and amortization of 460 million to 470 million canadian dollars us3561 million to us364 million up from c410 million a year earlier stelco said that adjusted ebitda for the third quarter would be materially below than what it reported in the secondquarter and that results would weaken further in the fourth quarter if lower prices and shorter leadtimes continue stelco said prices began increasing sharply in march 2022 and then dropped in late april with the benchmark sheet price falling for 13 consecutive weeks from a peak of 1492 per ton to 895 per ton the company expects to report shipping volume of about 677000 net tons of steel in the second quarter in line with prior guidance of a greater than 10 increase from the firstquarter volume of 594000 net tons global steel output fell 59 in june from a year ago according to world steel association data ubs analysts say production and prices are likely to fall further amid weak demand

a trader works on the floor of the new york stock exchange nyse in new york city december 8 2021 for investors looking for a place to hide while inflation is rampant goldman sachs top equity strategist said to look no further than stocks

shares of clorox co clx slipped 075 to 15709 monday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 008 to 3222342 and the sp 500 index spx falling 039 to 400801 the stocks fall snapped a twoday winning streak clorox co closed 3466 below its 52week high 19175 which the company reached on july 19th the stock demonstrated a mixed performance when compared to some of its competitors monday as reckitt benckiser group plc rbgpf fell 225 to 7720 henkel ag co kgaa pfd adr henoy rose 079 to 1666 and beiersdorf ag adr bdrfy rose 106 to 1997 trading volume 13 m remained 160465 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 wheaton precious metals corp wpm advanced 154 to c5593 monday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 020 to 2026013 wheaton precious metals corp closed c952 below its 52week high c6545 which the company achieved on april 18th trading volume of 666525 shares remained 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

deep in the consumer price index report for august that the bureau of labor statistics released tuesday was a heartstopping figure health insurance expenditures according to the report are up 243 on an unadjusted basis over the past 12 months that’s well above the 83 increase for the entire index and the highest increase ever reported in the history of the cpi according to bloomberg

shares of healthpeak properties inc peak slid 064 to 2169 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 020 to 3563068 and the sp 500 index spx falling 027 to 457673 healthpeak properties inc closed 674 below its 52week high 2843 which the company achieved on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors tuesday as alexandria real estate equities inc are fell 288 to 12206 ventas inc vtr rose 010 to 4857 and boston properties inc bxp fell 288 to 6471 trading volume 46 m remained 286808 below its 50day average volume of 49 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 host hotels resorts inc hst advanced 127 to 1594 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 092 to 381880 and dow jones industrial average djia falling 062 to 3098133 the stocks rise snapped a twoday losing streak host hotels resorts inc closed 569 short of its 52week high 2163 which the company achieved on may 5th the stock underperformed when compared to some of its competitors tuesday as pebblebrook hotel trust peb rose 211 to 1746 rlj lodging trust rlj rose 173 to 1118 and diamondrock hospitality co drh rose 171 to 834 trading volume 54 m remained 43 million below its 50day average volume of 97 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

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shares of dentsply sirona inc xray shed 179 to 3889 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 020 to 444682 and dow jones industrial average djia falling 038 to 3428864 this was the stocks second consecutive day of losses

hsbc holdings plc uk reg hsba shares inched down 082 to £591 tuesday on what proved to be an allaround dismal trading session for the stock market with the ftse 100 index ukx falling 012 to 785103 hsbc holdings plc uk reg closed 680 pence short of its 52week high £598 which the company achieved on january 16 trading volume 142 m remained 116 million below its 50day average volume of 257 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 mt bank corp mtb slipped 160 to 11486 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 045 to 413764 and the dow jones industrial average djia falling 009 to 3353133 mt bank corp closed 7856 short of its 52week high 19342 which the company reached on august 16th

shares of monster beverage corp mnst rallied 132 to 10164 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 168 to 392056 and the dow jones industrial average djia rising 106 to 3215540 this was the stocks second consecutive day of gains monster beverage corp closed 381 below its 52week high 10545 which the company reached on february 16th trading volume 16 m remained 367597 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

what are value stocks a value stock is traditionally defined in terms of how investors in the marketplace are valuing that companys future growth prospects low pe multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock the following stocks are considered to be notable value stocks in the communication services sector this quarter gravity co experienced a decrease in earnings per share which was 193 in q2 and is now 162 most recently hello gr reported earnings per share at 036 whereas in q3 earnings per share sat at 037 most recently tegna reported earnings per share at 098 whereas in q3 earnings per share sat at 065 its most recent dividend yield is at 186 which has increased by 004 from 182 in the previous quarter lizhis earnings per share for q4 sits at 01 whereas in q3 they were at 007 liberty siriusxm grs earnings per share for q4 sits at 01 whereas in q3 they were at 006 these 5 value stocks were selected by benzinga insights based on quantified analysis while this methodical judgment process is not meant to make final decisions our technology can give investors additional perception into the sector

tcw group the asset manager with a long history of managing bond funds is expanding into exchangetraded funds with an agreement to buy an etf business from activist investor engine no 1 the acquisition the first for new tcw chief executive officer katie koch includes a platform with more than 600 million of us equity etfs and is expected to be completed in the third quarter pending shareholder approval terms weren’t disclosed engine no 1 ceo jennifer grancio 51 a founding member of blackrock inc’s ishares etf business will join los angelesbased tcw as global head of etfs “this acquisition signifies an early chapter in tcw’s next stage of growth adding important capabilities and infrastructure to provide clients with the ability to access tcw’s best investment ideas and strategies through innovative financial vehicles” koch 43 a former goldman sachs group inc executive who took over as ceo early this year said in the statement engine no 1 is known for leading a successful activist campaign to replace three members of exxon mobil corp’s board as it pushed the energy giant to move away from fossil fuels its platform includes three etfs under the tickers netz supp and vote focusing on climate change and supply chain onshoring tcw could double or triple that number this year with new launches pending approval from regulators and may seek to convert mutual funds into etfs the etf industry could roughly triple to 30 trillion of assets by 2033 brown brothers harriman said in a report earlier this year the vast majority of tcw’s 205 billion of assets is dedicated to fixed income and equities and it’s also focusing on alternative investments earlier this year tcw announced a strategic partnership with lakemore partners ltd to bolster the growth of the asset manager’s collateralized loan obligation platform bringing on board an engine no 1 team that already has the expertise to create and distribute etfs was a primary motivation for koch “tcw did not previously have that capability and that’s really important for the future of asset management” she said in an interview sustainability is another key part of the strategy according to koch tcw estimates that capital expenditures will jump from 1 trillion to about 5 trillion in order for companies to finance the transition to netzero by 2050 “there’s a massive wealthcreation opportunity for our clients” koch said “we’re not a divestment company but rather an investment company”

shares of state street corp stt rallied 230 to 8622 monday on what proved to be an allaround great 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 state street corp closed 1754 below its 52week high 10376 which the company reached on february 10th the stock outperformed some of its competitors monday as bank of america corp bac rose 139 to 3432 morgan stanley ms rose 092 to 9713 and goldman sachs group inc gs rose 214 to 34914 trading volume 43 m eclipsed its 50day average volume of 29 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

bengaluru feb 6 reuters foreign portfolio investors fpis offloaded indian equities worth 28852 billion rupees 351 billion in january the most since june data from national securities depository ltd showed the selling coincided with a slide in equity benchmarks with nifty 50 nsei falling 245 in the first month of 2023 analysts cited multiple reasons the uncertainties due to a sharp selloff in adani group stocks after a hindenburg research report flagged concerns over the conglomerates financials expensive valuations of indian shares over their global peers reallocation of funds to china and taiwan for their relatively cheaper valuations and beijings reopening easing covid19 controls read more foreign investors sold the most in financials offloading 15204 billion rupees of shares followed by 7596 billion rupees in oil and gas and 2777 bln rupees in consumer durables the sharp selloff in financials came after a jan 24 report by wellknown us short seller hinderburg alleged stock manipulation and unsustainable debt on adani group companies since then the conglomerate saw more than 100 billion wiped off its market value the group refuted the allegations saying the report is baseless and motivated at least 40 of the groups debt is exposed to indian banks so that exposure is what investors are worried about in banks said neeraj dewan director at quantum securities all the major indexes linked to financials tumbled in january metals was the only major sector that saw renewed interest from foreign investors who bought 4369 billion rupees worth of equities china is the worlds largest consumer of metals and its reopening after the lifting of stringent covid restrictions is expected to boost metals demand in india and the world reporting by bharath rajeswaran in bengaluru editing by dhanya ann thoppil

the bank of england said it will add four clusters of raised dots to the topleft corner of its new £50 note meaning all the notes in circulation in the uk will be distinguishable to people who are blind or partially sighted the £50 note—worth roughly 69—is the highestvalue bill in circulation in the uk and was the last denomination to be redesigned for printing onto plastic polymer material the uk central bank is the latest national authority to make all its bank notes accessible to people who are blind or partially sighted with the addition of tactile markers accessibility advocates have been pressing the us treasury to make similar changes to the design of its paper currency which they say makes it difficult for people with no or little vision to distinguish between bills “because all our bank notes essentially look and feel the same it’s just not possible to identify them without some sort of external assistance” said aaron preece the editor in chief of accessworld an online technology magazine published by the american foundation for the blind the bank of england working with the royal national institute of blind people added the dots to its £10 note in 2017 and to its £20 bill last year the £5 note is now the only bill that isn’t printed with textured elements but people can identify it by the lack of them said sarah john the chief cashier of the bank of england the new features were enabled by the switch to printing currency on polymer which holds the shape of the raised bumps much better than paper ms john said similar tactile markers appear on other currencies including australian dollars canadian dollars and the euro in the us however bills not only lack textured markers but are similar in color and shape other countries’ bank notes often have differing colors and contrasts making it easier to tell denominations apart people with low or no vision in the us can use apps such as eyenote that scan and communicate the denomination of a bill mr preece said but they have drawbacks “i don’t want to always be having to pull out all of my cash hold it up to the camera and basically advertise the money that i have” mr preece said eyenote and ideal another currency identifier app were developed in part by the bureau of engraving and printing which also sends eligible blind and visually impaired people a free portable bank note identifier machine through its us currency reader program the program was rolled out nationally in 2015 as a result of a 2008 court ruling that the treasury must provide blind and other visually impaired persons “meaningful access” to us cash the order came in a lawsuit by the american council of the blind seeking paper currency that is distinguishable for visually impaired people the treasury in 2015 said the 10 bill would be updated in 2020 with anticipated changes including tactile features but the redesign for the 10 bill is now expected in roughly 2026 with all other notes except the dollar bill slated for redesign by 2038 according to the bureau of engraving and printing “while other countries around the world have rolled out acceptable solutions during this time treasury keeps spinning its wheels stalling any real workable solution that our older generation may never get to experience” said eric bridges the executive director of the american council of the blind who said the organization was “deeply frustrated” by the delay a spokeswoman from the bureau of engraving and printing didn’t directly answer questions about the delay but pointed to a report filed in march that said the redesign plan was progressing

shares of raymond james financial inc rjf slid 162 to 11217 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 039 to 3382669 and the sp 500 index spx falling 028 to 407909 raymond james financial inc closed 1383 short of its 52week high 12600 which the company achieved on november 11th the stock underperformed when compared to some of its competitors friday as bank of new york mellon corp bk rose 041 to 5150 t rowe price group inc trow fell 029 to 11873 and ameriprise financial inc amp rose 058 to 35148 trading volume 10 m remained 317220 below its 50day average volume of 13 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 kohls corp kss tumbled 73 in premarket trading thursday after the department store chain reported fiscal secondquarter profit that missed expectations while revenue beat and slashed its fullyear outlook as a weakening economy and high inflation weighed net income dropped to 143 million or 111 a share from 382 million or 248 a share in the yearago period excluding nonrecurring items adjusted earnings per share of 111 missed the factset consensus of 112 revenue fell 81 409 billion above the factset consensus of 395 billion while samestore sales declined 77 to beat expectations of an 81 decline second quarter results were impacted by a weakening macro environment high inflation and dampened consumer spending which especially pressured our middleincome customers said chief executive michelle gass we have adjusted our plans implementing actions to reduce inventory and lower expenses to account for a softer demand outlook for fiscal 2022 the company cut its guidance ranges for sales to a decline of 5 to 6 from flat to up 1 for adjusted eps to 280 to 320 from 645 to 685 and for operating margin to 42 to 45 from 70 to 72 separately kohls said it entered into an accelerated share repurchase asr agreement to buy back about 500 million worth of the companys stock kohls stock has tumbled 213 over the past three months through wednesday while the sp 500 spx has gained 89

shares of estee lauder cos cl a el inched 035 higher to 33649 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 058 to 447000 and dow jones industrial average djia falling 054 to 3521312 estee lauder cos cl a closed 376 short of its 52week high 34025 which the company achieved on august 25th the stock outperformed some of its competitors thursday as procter gamble co pg fell 018 to 14242 unilever plc adr ul rose 031 to 5574 and beiersdorf ag adr bdrfy remained unchanged trading volume 606287 remained 371347 below its 50day average volume of 977634 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 welltower inc well slipped 026 to 8467 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 058 to 447000 and dow jones industrial average djia falling 054 to 3521312 the stocks fall snapped a twoday winning streak welltower inc closed 513 short of its 52week high 8980 which the company achieved on july 16th the stock demonstrated a mixed performance when compared to some of its competitors thursday as ventas inc vtr fell 107 to 5454 healthpeak properties inc peak fell 020 to 3516 and healthcare trust of america inc hta fell 217 to 2926 trading volume 14 m remained 642013 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

shares of merck co inc mrk slipped 175 to 8536 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 078 to 395500 and dow jones industrial average djia falling 088 to 3151043 this was the stocks fourth consecutive day of losses merck co inc closed 1036 short of its 52week high 9572 which the company reached on june 27th the stock underperformed when compared to some of its competitors wednesday as johnson johnson jnj fell 067 to 16134 roche holding ag part cert rhhvf rose 025 to 32362 and pfizer inc pfe fell 135 to 4523 trading volume 116 m eclipsed its 50day average volume of 92 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

fitnessandnutrition business beachbody co group llc plans to merge with a blankcheck company affiliated with former tiktok chief executive kevin mayer in a deal that values the combined company at nearly 3 billion known for its streaming fitness content and nutritional meal plans the beachbody company will combine with forest road acquisition corp and trade on the new york stock exchange once the deal closes according to the executives involved in the deal

shares of danaher corp dhr slumped 044 to 25200 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 015 to 3192862 and the sp 500 index spx falling 081 to 394148 the stocks fall snapped a threeday winning streak danaher corp closed 8196 short of its 52week high 33396 which the company reached on september 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as thermo fisher scientific inc tmo fell 115 to 54882 honeywell international inc hon rose 020 to 18996 and 3m co mmm rose 095 to 14575 trading volume 19 m remained 976030 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 dxc technology co dxc slipped 134 to 3671 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 058 to 447000 and dow jones industrial average djia falling 054 to 3521312 the stocks fall snapped a fourday winning streak dxc technology co closed 747 below its 52week high 4418 which the company achieved on august 3rd the stock underperformed when compared to some of its competitors thursday as microsoft corp msft fell 097 to 29909 accenture plc cl a acn fell 006 to 33323 and international business machines corp ibm fell 077 to 13878 trading volume 11 m remained 12 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 amgen inc amgn slumped 096 to 25090 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 010 to 410911 and the dow jones industrial average djia rising 030 to 3358652 this was the stocks second consecutive day of losses amgen inc closed 4577 short of its 52week high 29667 which the company achieved on november 8th the stock underperformed when compared to some of its competitors monday as johnson johnson jnj fell 050 to 16432 and pfizer inc pfe rose 055 to 4173 trading volume 16 m remained 11 million 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

swissbased online betting service sportrader group ag on tuesday said it plans to offer 19 million shares at 25 to 28 per share in its upcoming initial public offering under the symbol srad on the nasdaq based on the midpoint of the range the company will raise about 504 million with about 11 billion class a and class b ordinary shares to be outstanding after the ipo sportradar will have a market capitalization of about 29 billion based on the midpoint of the ipo price rangethe company generated 261 million of net income and revenue of 478 million in 2020 sportradar is selling class a ordinary shares in the ipo following the ipo founder and ceo carsten koerl will be the only holder of class b shares and will hold about 82 of the voting power entities affiliated with eldridge and radcliff management llc agreed to buy 159 million of class a shares at the ipo price as part of the deal jp morgan morgan stanley citigroup and ubs investment bank are joint bookrunners on the ipo with several other banks also underwriting the offering

shares of aptiv plc aptv slid 186 to 10963 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 089 to 395725 and dow jones industrial average djia falling 063 to 3353670 the stocks fall snapped a twoday winning streak aptiv plc closed 6977 short of its 52week high 17940 which the company achieved on november 18th the stock underperformed when compared to some of its competitors monday as magna international inc mga fell 137 to 6188 autoliv inc alv fell 152 to 8722 and gentex corp gntx fell 157 to 2882 trading volume 20 m remained 43029 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