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shares of malaysian glove maker hartalega holdings bhd are trading lower after analysts cut earnings forecasts and target prices in the wake of a steep drop in quarterly earnings shares fell as much as 61 to myr263 early wednesday bringing yeartodate losses to 54 the drop comes after hartalega on tuesday reported a 96 onyear drop in net profit in the quarter ended june with revenue slumping 78 amid weaker global demand for protective wear along with higher labor and energy costs cgscimb analyst walter aw said that due to the current weak operating environment in the glove sector he expects hartalega to post sequentially lower earnings in the next three quarters current valuations have yet to account for the weakerthanexpected earnings prospects ahead he said noting that the stock recently traded with a pricetoearnings ratio at a more than 63 premium to the overall sectors ratio the brokerage downgraded hartalega to a reduce rating from hold slashing its target price to myr230 from myr470 the meteoric demand during the covid19 pandemic has fizzled down said malacca securities analyst kenneth leong he also highlighted concerns over volatility in raw material prices shipping constraints electricity cost labor shortages and the threat of competition from local and overseas players moving forward we were guided that the stiff competition that resulted in the oversupply condition and inventories from previous stockpiling activities have yet to taper he said thus we expect this would continue to depress average selling prices and we expect prices to remain soft throughout fiscal year 2023 malacca cut its target price to myr261 from myr469 while keeping its hold rating maybank investment bank analyst wong wei sum described hartalegas outlook as gloomy with management turning more bearish on average selling prices and putting some plans for expansion on hold the bank lowered its earnings forecasts for fiscal years 20232025 by 39 49 and 16 respectively while cutting its target price to myr186 from myr248 it maintained its sell call
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robert hofmeister director at alaunos therapeutics tcrt reported a large acquisition of company stock options on june 8 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on thursday showed that hofmeister director at alaunos therapeutics a company in the health care sector was just awarded stock options worth 100000 shares of tcrt the options give hofmeister the right to buy the companys stock at 048 per share alaunos therapeutics shares are trading up 109 at 047 at the time of this writing on friday morning since the current price is 047 this makes hofmeisters 100000 shares worth 46500 now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of alaunos therapeuticss insider trades this article was generated by benzingas automated content engine and reviewed by an editor
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shares of johnson controls international plc jci advanced 404 to 5128 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 197 to 371904 and the dow jones industrial average djia rising 188 to 2968374 the stocks rise snapped a sixday losing streak johnson controls international plc closed 3049 short of its 52week high 8177 which the company reached on december 31st the stock outperformed some of its competitors wednesday as honeywell international inc hon rose 221 to 17383 3m co mmm rose 166 to 11428 and general electric co ge fell 002 to 6446 trading volume 38 m eclipsed its 50day average volume of 37 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 boston properties inc bxp slipped 106 to 10529 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 031 to 412143 and the dow jones industrial average djia rising 005 to 3291578 this was the stocks second consecutive day of losses boston properties inc closed 2782 short of its 52week high 13311 which the company reached on march 29th the stock underperformed when compared to some of its competitors monday as digital realty trust inc dlr rose 031 to 13491 and vornado realty trust vno fell 006 to 3312 trading volume 588276 remained 192658 below its 50day average volume of 780934 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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tsx ends up 376 points or 002 at 2121615 toronto oct 22 reuters canada’s main stock index edged slightly higher on friday as gains for the energy and financial sectors offset a drop in technology stocks with the index notching its third straight week of gains the toronto stock exchange’s sptsx composite index ended up 376 points or 002 at 2121615 the 13th straight day of gains and a record closing high for the week the tsx was up 14 helped by stronger commodity prices “commodity prices have bounced back a little bit particularly crude that helped the energy stocks” said colin cieszynski chief market strategist at sia wealth management “at the same time we’re seeing weakness in technology in the united states” the sp 500 and nasdaq closed lower as disappointing quarterly reports put pressure on the communications and technology sectors and investors turned skittish as federal reserve chair jerome powell discussed stimulus tapering the bank of canada is expected to largely end stimulus from bond purchases when it makes a policy announcement next week the toronto market’s energy sector climbed 13 as concern about low supplies bolstered oil prices us crude oil futures settled 15 higher at 8376 a barrel the heavily weighted financial services sector was up 05 while industrials advanced 1 technology shares gave back some recent gains falling 18 and healthcare ended 24 lower including declines for some cannabis stocks a boardroom tussle at rogers communications inc is unlikely to hinder its c20 billion 1616 billion purchase of shaw communications analysts said but the family drama is continuing at one of canada’s biggest telecoms companies shares of rogers ended 03 lower while shaw was down 04 reporting by fergal smith additional reporting by amal s in bengaluru editing by will dunham
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shares of dr horton inc dhi sank 088 to 8301 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 130 to 430046 and dow jones industrial average djia falling 094 to 3400292 this was the stocks third consecutive day of losses dr horton inc closed 2388 below its 52week high 10689 which the company reached on may 10th the stock demonstrated a mixed performance when compared to some of its competitors monday as lennar corp cl a len fell 150 to 9229 nvr inc nvr fell 007 to 478186 and pultegroup inc phm rose 026 to 4625 trading volume 21 m remained 395054 below its 50day average volume of 25 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of berkshire hathaway inc cl b brkb sank 090 to 32020 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 073 to 411524 and dow jones industrial average djia falling 077 to 3279992 this was the stocks third consecutive day of losses berkshire hathaway inc cl b closed 1374 short of its 52week high 33394 which the company reached on may 19th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as honeywell international inc hon fell 160 to 19186 general electric co ge fell 071 to 10098 and illinois tool works inc itw fell 048 to 22198 trading volume 30 m remained 549074 below its 50day average volume of 36 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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the massmutual trust company fsb a wholly owned subsidiary of massachusetts mutual life insurance company trimmed its stake in tesla inc tsla and alphabet inc googl goog shares during the december quarter according to sec filings the documents show that the fund offloaded over 3000 shares of tesla during the fourth quarter as compared to the quarter that ended in september taking the valuation of its holdings to over 38 million also read everything you need to know about tesla stock between endseptember 2022 and december tesla stock lost over half its valuation dragged by developments including ceo elon musk’s twitter purchase the general stock market rout following the federal reserve’s continuous rate hikes and demand concerns interestingly tesla has extended its streak of price cuts into the new year tesla china has listed the price of the base model 3 version at 229900 yuan 33555 a reduction of about 136 from the earlier pricing of 265900 yuan the fund sold over 6500 class c shares of alphabet and offloaded over 2200 class a shares according to whalewisdom alphabet shares fell 8 during the fourth quarter of 2022 as per data from benzinga pro major buys the massmutual trust company fsb loaded up on shares of lincoln electric holdings inc leco during the fourth quarter buying close to 54000 shares and taking the valuation of its holding to over 7 million the fund also bought over 2000 shares of chevron corporation cvx bumping up the valuation of its holdings to over 48 million read next jack maant news why alibaba shares are skyrocketing in hong kong today
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the growing supply of environmental social and governancerelated exchangetraded funds wont be enough to meaningfully mitigate broad issues such as climate change van eck associates ceo says esg is good as a coherent investment approach on a fundbyfund basis to make a difference and its good signaling but to put it in perspective its not going to change the end result of where we need to be jan van eck told cnbcs etf edge this week many of this years record number of etf launches have been esg funds with several top issuers launching themebased versions of their most popular funds the spdr sp 500 esg etf efiv based on the spdr sp 500 etf spy the ishares esg us aggregate bond etf eagg based on the ishares core us aggregate bond etf agg when it comes to exacting significant change however where the real lift is going to come is from breakthrough technologies such as droughtresistant farming van eck said in the monday interview its really the technology companies and technology investing whether privately or with public companies thats going to really bend the curve here that may be why the ceo says mote has a growthier flavor than its nonesg counterpart with alphabet microsoft servicenow applied materials and salesforcecom making up the etfs top holdings though there may seem to be a surplus of esg offerings on the market investor interest should catch up cfras senior director of etf and mutual fund research todd rosenbluth said in the same interview theres more supply right now than demand but the future looks great we think for esgrelated products he said we think were going to see more of these products an esg version of invescos qqq trust qqq could launch by the end of the year rosenbluth said but investors already have a range of options in all corners of the esg space he added clean energy funds such as the ishares global clean energy etf icln issuesbased funds such as the simplify health care etf pink which donates a minimum of 100000 a year in net profits to the susan g komen breast cancer organization and plays focused on corporate governance such as engine no 1s transform 500 etf vote
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shares of best buy co inc bby shed 251 to 9963 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 447501 and the dow jones industrial average djia falling 016 to 3493427 the stocks fall snapped a threeday winning streak best buy co inc closed 4234 below its 52week high 14197 which the company reached on november 22nd the stock underperformed when compared to some of its competitors wednesday as apple inc aapl fell 014 to 17255 amazoncom inc amzn rose 102 to 316201 and walmart inc wmt fell 063 to 13353 trading volume 23 m remained 672055 below its 50day average volume of 30 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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us stock futures traded lower in early premarket trade after the dow jones tumbled more than 500 points in the previous session investors are awaiting earnings results from the goodyear tire rubber company nasdaq gt under armour inc nyse uaa and genpact limited nyse g the university of michigans consumer sentiment index for february is scheduled for release at 1000 am et analysts expect consumer sentiment improving slightly to 675 in february from 672 in january futures for the dow jones industrial average dipped 146 points to 3499300 while the standard poor’s 500 index futures fell 2150 points to 447600 futures for the nasdaq index fell 83 points to 1461800 oil prices traded higher as brent crude futures rose 03 to trade at 9165 per barrel while us wti crude futures rose 04 to trade at 9023 a barrel the baker hughes north american rig count report for the latest week will be released at 100 pm et the us has the highest number of covid19 cases and deaths in the world with total infections in the country exceeding 79052680 with around 939420 deaths india reported a total of at least 42536130 confirmed cases while brazil confirmed over 27125510 cases also check out american express and 3 other stocks sold by insiders european markets were lower today the stoxx europe 600 index dropped 1 while spain’s ibex 35 index fell 11 and london’s ftse 100 fell 09 the french cac 40 index fell 12 while german dax dipped 09 the british economy grew 1 during the three months to december while construction output rose by 74 yearoveryear in december industrial production in the uk climbed 03 from a month ago in december the uk trade deficit shrank to gbp 2337 billion in december from gbp 2586 billion in the prior month annual inflation rate in germany was confirmed at 49 for january while wholesale price inflation in the country increased by 162 yearoveryear in january needham maintained zebra technologies corporation nasdaq zbra with a buy and lowered the price target from 620 to 580 check out this insiders buy over 43m of 4 stocks expedia group inc nasdaq expe reported betterthanexpected earnings for its fourth quarter on thursday the centers for disease control and prevention proposed new guidelines for prescribing opioid painkillers that encourage doctors to use their best judgment removing its previous recommended ceilings on doses for chronic pain patients illumina inc nasdaq ilmn reported betterthanexpected results for its fourth quarter the company however said it sees fy22 adjusted eps of 4 to 420 per share versus analysts’ estimates of 420 xpeng inc nyse xpev is pushing ahead with its international expansion and announced its proposed expansion into more european countries check out other breaking news here
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thousands of protesters marched in moroccos capital rabat on sunday decrying the high cost of living and repression amid surging inflation and rising social discontent the people want lower prices the people want to eliminate despotism and corruption chanted the crowd estimated by journalists to be around 3000 people the largest such rally in recent months we came to protest against a government that embodies the marriage of money and power said younes ferachine a coordinator from the moroccan social front fsm group of political parties and leftwing trade unions that organised the rally people converged from across morocco for the protest which was also called to highlight the cases of several jailed bloggers and journalists hit by the economic impact of the covid19 pandemic and inflation poverty levels are back to where they were in 2014 the governments high commission for planning said in a recent report consumer price inflation was 71 percent yearonyear in october due in large part to surging food prices triggered partly by an intense drought that has hit farmers faced with the recent protests prime minister aziz akhannouch has lately promoted expanding medical coverage with more than 10 million lowincome moroccans enrolling in recent weeks
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gold futures finished higher on tuesday with prices recouping most of what they lost a day earlier the factor that “matters the most” is the federal reserve’s stance towards its monetary policy said naeem aslam chief market analyst at avatrade a strong us jobs number due out friday could make the fed think about its monetary policy he said the central bank “could adopt an ultrahawkish monetary policy like before but so far “the hope…is that the fed will slow the roll in terms of increasing the interest rate” gold for february delivery gcg23 rose 840 or 05 to settle at 176370 an ounce on comex after losing 08 on monday
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shares of albemarle corp alb inched 034 higher to 19666 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 030 to 379038 and dow jones industrial average djia falling 046 to 3063017 this was the stocks second consecutive day of gains albemarle corp closed 9482 below its 52week high 29148 which the company reached on november 22nd the stock outperformed some of its competitors thursday as wr grace co gra rose 003 to 6999 avient corp avnt fell 028 to 3911 and basf se adr basfy fell 259 to 1016 trading volume 992125 remained 534762 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of dice therapeutics inc soared 888 in premarket trading on monday after the company shared promising phase 1 data for its experimental psoriasis treatment dice said the investigational oral therapy was welltolerated and showed a mean percentage reduction in the psoriasis area and severity index “we look forward to advancing dc806 into a phase 2b clinical trial to optimize dosing and further explore peak efficacy with a longer duration of treatment” tim lu dice’s chief medical officer said in a news release the company plans to submit a new drug application to the food and drug administration in the first half of next year dice’s stock is down 26 this year while the sp 500 has declined 214
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shares of jpmorgan chase and walgreens boots are trading lower tuesday afternoon dragging the dow jones industrial average into negative territory shares of jpmorgan chase jpm and walgreens boots wba have contributed to the bluechip gauges intraday decline as the dow djia was most recently trading 300 points 09 lower jpmorgan chases shares have dropped 301 19 while those of walgreens boots have declined 086 18 combining for an approximately 25point drag on the dow other components contributing significantly to the decline include travelers trv honeywell international inc hon and ibm ibm a 1 move in any of the dows 30 components results in a 658point 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
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shyam sankar director at ginkgo bioworks holdings dna reported a large insider buy on may 22 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on monday showed that sankar purchased 400000 shares of ginkgo bioworks holdings the total transaction amounted to 512000 ginkgo bioworks holdings shares are trading up 1211 at 144 at the time of this writing on monday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however they can be an important factor for an investor to consider in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of ginkgo bioworks holdingss insider trades this article was generated by benzingas automated content engine and reviewed by an editor
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shares of microsoft corp msft slipped 045 to 31385 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 073 to 411524 and dow jones industrial average djia falling 077 to 3279992 this was the stocks second consecutive day of losses microsoft corp closed 887 below its 52week high 32272 which the company reached on may 23rd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as apple inc aapl rose 016 to 17184 alphabet inc cl c goog fell 134 to 12164 and alphabet inc cl a googl fell 135 to 12090 trading volume 218 m remained 79 million below its 50day average volume of 297 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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over the past 3 months 8 analysts have published their opinion on vertex pharmaceuticals vrtx stock these analysts are typically employed by large wall street banks and tasked with understanding a companys business to predict how a stock will trade over the upcoming year according to 8 analyst offering 12month price targets in the last 3 months vertex pharmaceuticals has an average price target of 27762 with a high of 32500 and a low of 24200 below is a summary of how these 8 analysts rated vertex pharmaceuticals over the past 3 months the greater the number of bullish ratings the more positive analysts are on the stock and the greater the number of bearish ratings the more negative analysts are on the stock this average price target has increased by 328 over the past month benzinga tracks 150 analyst firms and reports on their stock expectations analysts typically arrive at their conclusions by predicting how much money a company will make in the future usually the upcoming five years and how risky or predictable that companys revenue streams are analysts attend company conference calls and meetings research company financial statements and communicate with insiders to publish their ratings on stocks analysts typically rate each stock once per quarter or whenever the company has a major update some analysts will also offer forecasts for metrics like growth estimates earnings and revenue to provide further guidance on stocks investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error this article was generated by benzingas automated content engine and reviewed by an editor
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shares of charter communications inc cl a chtr inched 092 higher to 36268 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 045 to 439644 and the dow jones industrial average djia rising 080 to 3412242 this was the stocks fifth consecutive day of gains charter communications inc cl a closed 13369 below its 52week high 49637 which the company achieved on july 21st the stock outperformed some of its competitors thursday as netflix inc nflx fell 037 to 42824 walt disney co dis rose 014 to 8895 and comcast corp cl a cmcsa fell 048 to 4147 trading volume 11 m remained 46868 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
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shares of vornado realty trust vno rose 681 to 1489 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 024 to 428385 and the dow jones industrial average djia rising 003 to 3357328 vornado realty trust closed 1892 below its 52week high 3381 which the company achieved on june 7th the stock outperformed some of its competitors tuesday as jbg smith properties jbgs rose 379 to 1508 broadstone net lease inc bnl rose 195 to 1622 and essential properties realty trust inc eprt rose 205 to 2484 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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the nasdaq composite ended at its highest level in nine months while the sp carved out its secondhighest level of 2023 on monday as investors awaited government debtceiling talks set to begin after the markets closeread4 reasons the stock market keeps climbing in 2023 as sp 500 attempts another push above 4200 stocks ended fridays session with solid weekly gains as the dow gained 04 the sp 500 rose 17 and the nasdaq composite logged a 3 advance president joe biden and house speaker kevin mccarthy rcalif were scheduled to meet at 530 pm eastern time on monday at the white house the treasury department has warned that a failure to raise the debt limit could result in a federal default as early as june 1 or whats known as the socalled xdate seedebtceiling talks as biden and mccarthy plan to meet today analysts say deal is needed by friday the debt ceiling is at the forefront of the markets thinking given the proximity to the x date said jack mcintyre a portfolio manager at brandywine global investment management in philadelphia which oversaw 55 billion as of march 31 there are probably things that are nonnegotiable and negotiable in the negotiations and knowing how most of these things go it will probably be the last second or minute that they reach a compromise because no one wants to be perceived as caving in via phone mcintyre said that were going to get some volatility around it before we reach some conclusion and treasurys look more attractive than equities right now some investors remain wary about the techdriven nature of the rally even while bulls welcome the sp 500s temporary move above 4200 a level which it broke through on monday but failed to hold through the end of trading read megacap tech stocks out of control big tech still has the power to extend the rally and weather an economic storm analysts say to not have a broad group of stocks participating in a rally is a bad sign for the duration of a bull market said phil toews chief executive of toews corp in new york which manages 12 million in assets in addition we think that this sanguine attitude by investors about the debtceiling issue is a potential big mistake toews said via phone the us doesnt have to default to create market chaos with potentially nine days left before the xdate we think the market is underreacting people should watch the negotiations very carefully right now there were no major us economic releases on monday but federal reserve officials provided fresh remarks in a cnbc interview minneapolis fed president neel kashkari said that right now its a close call between raising in june or skipping important to me is not signaling that were done if we were to skip in june that does not mean that we are done with our tightening cycle said kashkari a voting member this year of the ratesetting federal open market committee meanwhile st louis fed president james bullard said on monday that he would like to see two more quarterofapercentagepoint interestrate hikes this year 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
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materials giant dupont beat wall street’s fourthquarter earnings estimates and also raised its quarterly dividend that’s the good news but the outlook for earnings in 2022 was below analysts’ projections as supplychain woes and inflation are going to weigh on this year’s results weakerthanestimated guidance should make for an interesting day for dupont ticker dd stock which isn’t doing much yet in premarket trading
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wads of british pound sterling banknotes are stacked in piles at the money service austria companys headquarters in vienna austria november 16 2017 reutersleonhard foeger london sept 20 reuters the british pound was little changed against the dollar on tuesday hovering barely above its lowest level since 1985 ahead of expected interest rate hikes from the bank of england boe and federal reserve fed in what is expected to be a big week for the pound it also faces a fiscal event from british finance minister kwasi kwarteng expected on friday where he is due to deliver more details on the size of the governments energy support package at 0933 gmt the pound was little changed against the dollar at 11432 just above last weeks 37year low of 11351 against the euro the pound was up 01 at 87575 pence money markets fully price in a halfpoint rate hike from the boe on thursday with around a 75 chance of a larger 75 basis point rate rise according to refinitiv data traders are also pricing in almost 200 basis points of tightening in the final three boe meetings of 2022 taking the rate to 375 by the end of the year meanwhile economists polled by reuters expect a 50 basis point hike this week and for the bank rate to end 2022 at 3 read more normally loose fiscal and tight monetary policy would be good for the pound said ing global head of markets chris turner however it seems that foreign investors are concerned as to how government support will be financed turned added noting that worries over the governments spending spree and a difficult external environment are leaving sterling vulnerable before the boe and kwartengs mini budget the fed meets on wednesday expectations of a hike of at least 75 basis points have been keeping the dollar index elevated near its highest level since 2002 the pound has fallen over 15 against the greenback this year on track for its worst year versus the dollar since 2016 the year of the brexit referendum
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shares of canadian apartment properties real estate investment trust un carut inched 007 higher to c4289 tuesday in what proved to be an otherwise allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 125 to 1999017 canadian apartment properties real estate investment trust un closed c1730 below its 52week high c6019 which the company reached on january 4th trading volume of 412522 shares eclipsed its 50day average volume of 394137 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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stuart bradie president and ceo at kbr kbr reported a large exercise of company stock options on may 24 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on wednesday showed that bradie president and ceo at kbr a company in the industrials sector just exercised stock options worth 900 shares of kbr stock with an exercise price of 1816 kbr shares are trading down 132 at 5703 at the time of this writing on thursday morning since the current price is 5703 this makes bradies 900 shares worth 51327 now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however an insider transaction can be an important factor in the investing decision in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of kbrs insider trades this article was generated by benzingas automated content engine and reviewed by an editor
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shares of bristol myers squibb co bmy inched 058 higher to 7456 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 072 to 427404 and dow jones industrial average djia falling 050 to 3398032 the stocks rise snapped a twoday losing streak bristol myers squibb co closed 603 short of its 52week high 8059 which the company achieved on june 27th the stock outperformed some of its competitors wednesday as johnson johnson jnj rose 001 to 16758 merck co inc mrk rose 050 to 9104 and pfizer inc pfe fell 118 to 4927 trading volume 53 m remained 53 million below its 50day average volume of 107 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 loews corp l shed 047 to 6110 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 244 to 447744 and dow jones industrial average djia falling 145 to 3511116 the stocks fall snapped a fourday winning streak loews corp closed 083 below its 52week high 6193 which the company achieved on january 13th the stock underperformed when compared to some of its competitors thursday as chubb ltd cb fell 009 to 20735 progressive corp pgr rose 020 to 10970 and travelers cos inc trv fell 038 to 17207 trading volume 479009 remained 284442 below its 50day average volume of 763451 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 regency centers corp reg slipped 047 to 6374 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 042 to 412247 and dow jones industrial average djia falling 018 to 3277441 the stocks fall snapped a twoday winning streak regency centers corp closed 1504 below its 52week high 7878 which the company reached on january 4th the stock underperformed when compared to some of its competitors tuesday as pebblebrook hotel trust peb rose 053 to 1904 and pennsylvania real estate investment trust pei rose 1551 to 715 trading volume 11 m eclipsed its 50day average volume of 866121 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 xcel energy inc xel inched 061 higher to 6555 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 136 to 377055 and the dow jones industrial average djia rising 126 to 3240322 the stocks rise snapped a twoday losing streak xcel energy inc closed 1211 short of its 52week high 7766 which the company achieved on september 12th the stock demonstrated a mixed performance when compared to some of its competitors friday as duke energy corp duk rose 042 to 9361 wec energy group inc wec rose 111 to 9139 and dte energy co dte rose 047 to 11239 trading volume 35 m remained 6398 below its 50day average volume of 35 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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the largest company by market cap to set a new 52week low was airbnb the smallest company by market cap to set a new 52week low was baudax bio hexo made the largest move down on the session with shares plummeting 117966 to reach its 52week low marathon digital holdings s stock rebounded the most as it traded up 00 after dropping to a new 52week low here is a list of stocks that set new 52week lows on monday brookfield stock dropped to a yearly low on monday of 3179 shares traded down 13 capital one financial stock achieved a new 52week low on monday morning hitting 8910 and moving down 095 crowdstrike holdings stock dropped to a yearly low on monday of 10760 shares traded down 145 baxter intl stock hit a yearly low of 4900 the stock was down 01 for the day warner brosdiscovery stock dropped to a yearly low on monday of 946 shares traded down 414 zoom video comms shares moved down 027 on monday to hit a new 52week low of 6885 drifting down 027 extra space storage stock hit a yearly low of 14683 the stock was down 093 for the day zscaler stock broke to a new 52week low of 11046 on monday shares of the company traded down 16 brookfield infr partners stock drifted down 087 on monday morning to hit a new 52week low of 3140 trimble shares reached a new 52week low of 4918 on monday morning moving down 092 lucid gr shares fell to 709 on monday setting a new 52week low with a shift of down 237 liberty broadband stock drifted up 078 on monday morning to hit a new 52week low of 6909 liberty broadband shares made a new 52week low of 6887 on monday the stock was up 046 for the day western digital stock drifted down 178 on monday morning to hit a new 52week low of 3135 brookfield renewable stock set a new 52week low of 2613 on monday moving down 087 ally financial stock set a new 52week low of 2402 on monday moving down 181 zions bancorp stock hit a yearly low of 4581 the stock was down 037 for the day mattel shares were down 197 for the day having made a 52week low of 1634 apartment income reit stock hit a new 52week low of 3481 the stock was down 065 on the session algonquin power stock hit 674 on monday morning setting a new 52week low for a change of down 162 pldt shares made a new 52week low of 2096 on monday the stock was down 2178 for the day gol intelligent airlines shares moved up 17 on monday to hit a new 52week low of 231 drifting up 17 applovin shares made a new 52week low of 945 on monday the stock was down 204 for the day eastern bankshares shares reached a new 52week low of 1702 on monday morning moving down 07 affirm holdings shares reached a new 52week low of 956 on monday morning moving down 445 amedisys stock drifted down 264 on monday morning to hit a new 52week low of 8172 amc entertainment shares reached a new 52week low of 496 on monday morning moving down 307 quantumscape stock broke to a new 52week low of 596 on monday shares of the company traded down 258 pagseguro digital shares set a new yearly low of 751 this morning the stock was up 045 on the session natura co holding stock hit a new 52week low of 361 the stock was down 226 on the session matson shares hit a yearly low of 5920 the stock was down 255 on the session lightspeed commerce stock achieved a new 52week low on monday morning hitting 1391 and moving down 317 tricon residential shares moved down 114 on monday to hit a new 52week low of 735 drifting down 114 hanesbrands shares made a new 52week low of 572 on monday the stock was down 246 for the day arvinas shares moved down 53 on monday to hit a new 52week low of 3386 drifting down 53 pacira biosciences shares moved up 003 on monday to hit a new 52week low of 3769 drifting up 003 farfetch stock set a new 52week low of 391 on monday moving down 26 laureate education stock set a new 52week low of 933 on monday moving down 042 aurora innovation stock broke to a new 52week low of 118 on monday shares of the company traded down 40 super group sghc shares moved down 106 on monday to hit a new 52week low of 280 drifting down 106 brf shares set a new yearly low of 127 this morning the stock was down 077 on the session twist bioscience shares fell to 2351 on monday setting a new 52week low with a shift of down 578 fate therapeutics shares set a new 52week low of 1243 the stock traded down 34 triumph financial stock hit a new 52week low of 4512 the stock was down 159 on the session virgin galactic hldgs stock hit a new 52week low of 395 the stock was down 255 on the session wework shares reached a new 52week low of 148 on monday morning moving down 159 sinclair broadcast group shares hit a yearly low of 1536 the stock was down 283 on the session sweetgreen shares reached a new 52week low of 940 on monday morning moving down 357 livewire gr shares fell to 500 on monday setting a new 52week low with a shift of down 358 lendingclub stock achieved a new 52week low on monday morning hitting 881 and moving down 156 overstockcom stock hit a yearly low of 2010 the stock was down 064 for the day paymentus holdings shares were down 599 for the day having made a 52week low of 754 fulgent genetics shares made a new 52week low of 3030 on monday the stock was down 186 for the day opko health shares hit a yearly low of 117 the stock was down 56 on the session licycle holdings shares hit a yearly low of 500 the stock was down 078 on the session green dot stock hit a new 52week low of 1633 the stock was down 186 on the session oatly group shares set a new 52week low of 130 the stock traded down 149 wolverine world wide stock drifted down 156 on monday morning to hit a new 52week low of 1002 opendoor technologies stock hit 119 on monday morning setting a new 52week low for a change of down 357 stratasys stock achieved a new 52week low on monday morning hitting 1143 and moving down 42 lyell immunopharma shares made a new 52week low of 305 on monday the stock was down 526 for the day ionq shares moved down 337 on monday to hit a new 52week low of 372 drifting down 337 matterport stock hit a yearly low of 255 the stock was down 786 for the day steelcase shares were down 212 for the day having made a 52week low of 641 amc networks shares set a new 52week low of 1596 the stock traded down 423 sana biotechnology shares set a new 52week low of 340 the stock traded down 381 accel entertainment shares set a new 52week low of 744 the stock traded down 30 virgin orbit holdings stock hit 187 on monday morning setting a new 52week low for a change of up 039 caredx stock broke to a new 52week low of 1175 on monday shares of the company traded down 395 riot blockchain stock drifted down 078 on monday morning to hit a new 52week low of 360 wallbox shares moved down 29 on monday to hit a new 52week low of 376 drifting down 29 amtd idea group shares hit a yearly low of 161 the stock was down 118 on the session rackspace tech shares were down 595 for the day having made a 52week low of 273 exscientia stock hit a new 52week low of 430 the stock was down 244 on the session audiocodes stock drifted down 035 on monday morning to hit a new 52week low of 1679 navitas semiconductor shares were down 726 for the day having made a 52week low of 339 newegg commerce stock drifted down 804 on monday morning to hit a new 52week low of 136 broadmark realty capital shares set a new yearly low of 367 this morning the stock was up 013 on the session secureworks stock hit 557 on monday morning setting a new 52week low for a change of down 258 nektar therapeutics shares set a new yearly low of 251 this morning the stock was down 47 on the session sorrento therapeutics shares moved down 243 on monday to hit a new 52week low of 100 drifting down 243 butterfly network shares were down 625 for the day having made a 52week low of 230 marathon digital holdings stock hit a yearly low of 369 the stock was 00 flat for the day benson hill stock dropped to a yearly low on monday of 216 shares traded down 726 consolidated comms hldgs stock hit a new 52week low of 377 the stock was down 077 on the session fubotv stock hit 211 on monday morning setting a new 52week low for a change of down 25 microvision shares made a new 52week low of 247 on monday the stock was down 29 for the day century therapeutics shares set a new yearly low of 692 this morning the stock was down 504 on the session somalogic shares were down 332 for the day having made a 52week low of 215 solid power stock drifted down 316 on monday morning to hit a new 52week low of 225 adicet bio shares set a new yearly low of 864 this morning the stock was down 302 on the session zumiez stock drifted down 163 on monday morning to hit a new 52week low of 1981 petmed express stock broke to a new 52week low of 1818 on monday shares of the company traded down 016 smith wesson brands shares moved down 255 on monday to hit a new 52week low of 832 drifting down 255 canaan shares set a new 52week low of 219 the stock traded up 112 xperi stock hit 900 on monday morning setting a new 52week low for a change of down 088 amc entertainment shares were down 215 for the day having made a 52week low of 070 seer shares reached a new 52week low of 562 on monday morning moving down 719 contextlogic stock hit a yearly low of 053 the stock was down 604 for the day 5e advanced materials shares reached a new 52week low of 777 on monday morning moving down 484 jumia technologies stock dropped to a yearly low on monday of 330 shares traded down 294 bed bath beyond stock hit a yearly low of 277 the stock was down 639 for the day nkarta shares reached a new 52week low of 651 on monday morning moving down 612 aeva technologies shares were down 372 for the day having made a 52week low of 140 skillz stock hit a yearly low of 068 the stock was down 509 for the day torrid holdings stock dropped to a yearly low on monday of 259 shares traded down 248 selina hospitality stock achieved a new 52week low on monday morning hitting 256 and moving down 45 lordstown motors shares set a new 52week low of 121 the stock traded down 654 satellogic stock hit 272 on monday morning setting a new 52week low for a change of up 373 ast spacemobile shares set a new 52week low of 377 the stock traded down 155 lendingtree stock hit 1941 on monday morning setting a new 52week low for a change of down 219 lands end shares reached a new 52week low of 730 on monday morning moving up 014 karyopharm therapeutics stock hit 295 on monday morning setting a new 52week low for a change of down 403 humacyte stock hit a yearly low of 218 the stock was down 803 for the day big 5 sporting goods shares made a new 52week low of 985 on monday the stock was down 109 for the day sify technologies stock hit a yearly low of 118 the stock was 00 flat for the day marinus pharma shares reached a new 52week low of 388 on monday morning moving down 319 eaton vance municipal stock dropped to a yearly low on monday of 1787 shares traded down 006 nautilus biotechnology stock set a new 52week low of 150 on monday moving down 29 intercure stock broke to a new 52week low of 410 on monday shares of the company traded down 511 celularity stock hit a new 52week low of 128 the stock was down 1318 on the session local bounti shares made a new 52week low of 177 on monday the stock was down 777 for the day alico stock set a new 52week low of 2352 on monday moving down 008 skillsoft shares made a new 52week low of 106 on monday the stock was down 357 for the day hut 8 mining shares set a new yearly low of 088 this morning the stock was down 272 on the session danimer scientific stock set a new 52week low of 165 on monday moving down 205 tmc metals shares hit a yearly low of 058 the stock was down 679 on the session diversified healthcare stock hit 069 on monday morning setting a new 52week low for a change of down 184 cognyte software stock broke to a new 52week low of 231 on monday shares of the company traded 00 flat berkshire grey stock hit 066 on monday morning setting a new 52week low for a change of down 856 atomera shares moved down 562 on monday to hit a new 52week low of 666 drifting down 562 ac immune shares set a new 52week low of 188 the stock traded down 103 identiv shares set a new 52week low of 695 the stock traded down 239 markforged holding stock dropped to a yearly low on monday of 079 shares traded down 21 adstec energy shares were down 308 for the day having made a 52week low of 315 cipher mining stock broke to a new 52week low of 057 on monday shares of the company traded up 167 republic first bancorp stock set a new 52week low of 226 on monday moving down 086 village farms intl shares made a new 52week low of 145 on monday the stock was down 548 for the day kore group holdings stock hit 171 on monday morning setting a new 52week low for a change of down 574 joann shares set a new 52week low of 319 the stock traded down 36 arrival stock dropped to a yearly low on monday of 020 shares traded down 886 milestone pharmaceuticals stock hit 339 on monday morning setting a new 52week low for a change of down 274 angel oak mortgage stock hit a new 52week low of 480 the stock was down 301 on the session offerpad solutions shares set a new 52week low of 046 the stock traded down 816 omeros shares reached a new 52week low of 175 on monday morning moving down 196 rigetti computing shares set a new 52week low of 088 the stock traded down 083 bakkt hldgs stock hit a yearly low of 136 the stock was down 743 for the day usd partners shares reached a new 52week low of 306 on monday morning moving up 096 inotiv stock hit a new 52week low of 382 the stock was down 595 on the session rumbleon stock achieved a new 52week low on monday morning hitting 604 and moving down 334 personalis stock drifted down 442 on monday morning to hit a new 52week low of 203 inseego shares fell to 085 on monday setting a new 52week low with a shift of down 296 x4 pharmaceuticals shares hit a yearly low of 075 the stock was down 093 on the session celsci shares reached a new 52week low of 206 on monday morning moving up 144 cellectis shares reached a new 52week low of 197 on monday morning moving down 148 gamida cell stock hit a new 52week low of 116 the stock was 00 flat on the session phunware stock drifted down 435 on monday morning to hit a new 52week low of 086 kronos bio stock set a new 52week low of 156 on monday moving down 651 getaround shares hit a yearly low of 093 the stock was down 601 on the session latch stock drifted down 129 on monday morning to hit a new 52week low of 057 strattec security shares fell to 1920 on monday setting a new 52week low with a shift of down 056 lyra therapeutics stock hit a new 52week low of 244 the stock was down 025 on the session spectrum pharmaceuticals stock hit a new 52week low of 035 the stock was down 795 on the session codiagnostics stock broke to a new 52week low of 243 on monday shares of the company traded down 375 iris energy shares set a new yearly low of 125 this morning the stock was down 724 on the session atossa therapeutics stock dropped to a yearly low on monday of 054 shares traded down 527 huadi international group shares reached a new 52week low of 450 on monday morning moving down 082 momentus shares set a new 52week low of 076 the stock traded down 522 syros pharmaceuticals stock hit a new 52week low of 321 the stock was down 299 on the session hexo shares hit a yearly low of 151 the stock was up 117966 on the session electra battery materials shares set a new 52week low of 170 the stock traded up 057 embark technology stock broke to a new 52week low of 251 on monday shares of the company traded down 279 grove collaborative hldgs shares set a new yearly low of 031 this morning the stock was down 136 on the session one stop systems stock hit a yearly low of 285 the stock was down 035 for the day genprex stock dropped to a yearly low on monday of 110 shares traded down 525 rezolute shares set a new yearly low of 140 this morning the stock was down 342 on the session magenta therapeutics shares set a new yearly low of 081 this morning the stock was down 49 on the session bit digital stock set a new 52week low of 060 on monday moving down 1175 mymd pharmaceuticals shares set a new 52week low of 121 the stock traded down 596 know labs shares set a new 52week low of 092 the stock traded down 42 vivani medical shares hit a yearly low of 090 the stock was down 1261 on the session liveone shares set a new yearly low of 052 this morning the stock was down 361 on the session asp isotopes stock hit 128 on monday morning setting a new 52week low for a change of down 148 gt biopharma shares were up 077 for the day having made a 52week low of 125 science 37 hldgs stock set a new 52week low of 035 on monday moving down 568 mustang bio stock hit 035 on monday morning setting a new 52week low for a change of up 117 mogo shares fell to 048 on monday setting a new 52week low with a shift of down 18 biora therapeutics stock dropped to a yearly low on monday of 016 shares traded up 148 nextcure shares reached a new 52week low of 123 on monday morning moving down 236 biotricity stock set a new 52week low of 065 on monday moving down 549 society pass shares fell to 124 on monday setting a new 52week low with a shift of down 234 audacy stock hit 022 on monday morning setting a new 52week low for a change of down 512 shift technologies stock broke to a new 52week low of 018 on monday shares of the company traded down 434 national cinemedia shares moved up 224 on monday to hit a new 52week low of 035 drifting up 224 tempo automation holdings stock hit 099 on monday morning setting a new 52week low for a change of down 094 zedge stock drifted down 355 on monday morning to hit a new 52week low of 185 nighthawk biosciences stock drifted up 101 on monday morning to hit a new 52week low of 096 lytus technologies hldgs shares set a new yearly low of 063 this morning the stock was down 999 on the session visionary education tech stock achieved a new 52week low on monday morning hitting 057 and moving up 244 rockley photonics hldgs shares moved down 83 on monday to hit a new 52week low of 018 drifting down 83 apexigen stock achieved a new 52week low on monday morning hitting 094 and moving up 202 erayak power solution gr stock hit a yearly low of 176 the stock was down 1551 for the day molecular templates stock hit a yearly low of 036 the stock was up 638 for the day lisata therapeutics shares were up 15 for the day having made a 52week low of 259 intelligent living shares set a new yearly low of 113 this morning the stock was down 732 on the session swvl hldgs shares reached a new 52week low of 015 on monday morning moving down 1041 peraso shares set a new 52week low of 095 the stock traded down 50 codiak biosciences shares moved down 253 on monday to hit a new 52week low of 043 drifting down 253 jaguar health stock hit a yearly low of 010 the stock was down 284 for the day t stamp shares set a new yearly low of 059 this morning the stock was 00 flat on the session redhill biopharma stock hit 017 on monday morning setting a new 52week low for a change of down 082 sg blocks stock drifted down 353 on monday morning to hit a new 52week low of 117 mobile global esports stock hit 068 on monday morning setting a new 52week low for a change of up 003 dixie gr stock dropped to a yearly low on monday of 086 shares traded down 567 9 meters biopharma stock drifted down 159 on monday morning to hit a new 52week low of 105 rubius therapeutics stock hit a yearly low of 015 the stock was down 407 for the day stronghold digital mining stock hit 046 on monday morning setting a new 52week low for a change of up 213 laser photonics shares reached a new 52week low of 172 on monday morning moving down 495 digital ally shares set a new yearly low of 024 this morning the stock was 00 flat on the session reunion neuroscience shares were down 261 for the day having made a 52week low of 112 forza x1 stock hit a yearly low of 123 the stock was 00 flat for the day hyrecar stock hit 041 on monday morning setting a new 52week low for a change of 00 flat foxo technologies shares fell to 038 on monday setting a new 52week low with a shift of down 152 btcs shares fell to 086 on monday setting a new 52week low with a shift of down 227 aptevo therapeutics shares set a new yearly low of 194 this morning the stock was down 509 on the session greenwave tech solns stock broke to a new 52week low of 084 on monday shares of the company traded up 419 t2 biosystems shares were down 041 for the day having made a 52week low of 120 kazia therapeutics stock hit 052 on monday morning setting a new 52week low for a change of up 239 vivopower intl stock hit a yearly low of 032 the stock was 00 flat for the day arcadia biosciences stock dropped to a yearly low on monday of 029 shares traded up 434 wearable devices stock set a new 52week low of 046 on monday moving down 335 heart test laboratories shares were down 865 for the day having made a 52week low of 090 synaptogenix stock achieved a new 52week low on monday morning hitting 103 and moving down 1094 sharplink gaming stock hit a yearly low of 028 the stock was down 883 for the day impac mortgage holdings shares hit a yearly low of 018 the stock was up 016 on the session soluna holdings stock achieved a new 52week low on monday morning hitting 037 and moving down 261 biondvax pharmaceuticals shares set a new 52week low of 350 the stock traded down 066 biokey intl shares fell to 075 on monday setting a new 52week low with a shift of down 313 aditxt shares fell to 150 on monday setting a new 52week low with a shift of down 096 kala pharmaceuticals shares moved down 047 on monday to hit a new 52week low of 417 drifting down 047 innovative eyewear stock dropped to a yearly low on monday of 086 shares traded down 444 qualigen therapeutics shares moved down 417 on monday to hit a new 52week low of 129 drifting down 417 avenue therapeutics shares hit a yearly low of 120 the stock was down 322 on the session akanda stock achieved a new 52week low on monday morning hitting 015 and moving down 226 mobiquity technologies stock hit a yearly low of 055 the stock was down 386 for the day eloxx pharmaceuticals stock hit 240 on monday morning setting a new 52week low for a change of down 121 ensysce biosciences shares were down 582 for the day having made a 52week low of 075 vyant bio shares were down 457 for the day having made a 52week low of 081 code chain new continent stock set a new 52week low of 219 on monday moving up 957 hoth therapeutics stock hit a yearly low of 285 the stock was down 1043 for the day gaucho group holdings shares moved down 243 on monday to hit a new 52week low of 140 drifting down 243 scopus biopharma shares moved 00 flat on monday to hit a new 52week low of 006 drifting 00 flat salarius pharmaceuticals stock hit a yearly low of 145 the stock was down 333 for the day schmitt industries stock hit a new 52week low of 060 the stock was down 482 on the session jiuzi hldgs shares reached a new 52week low of 011 on monday morning moving down 549 baudax bio shares reached a new 52week low of 155 on monday morning moving down 1082 be sure to monitor benzinga for the news traders need and for even more uptodate info on 52week lows and highs check out benzinga pro this cuttingedge market research platform alerts traders of which stocks are trading near their 52week highs and lows each morning and delivers lots of other actionable data learn more here
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shares of nutrien ltd ntr rose 120 to c12741 wednesday in what proved to be an otherwise allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 005 to 2207596 the stocks rise snapped a twoday losing streak nutrien ltd closed c884 short of its 52week high c13625 which the company reached on march 25th trading volume of 22 m shares eclipsed 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
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bank of america chief executive officer brian moynihan reportedly stated on tuesday the us economy would hit a technical recession beginning in the third quarter a us recession would not be deep and the bank estimates that interest rates would start falling in the second quarter of 2024 moynihan told the financial review’s business summit according to a reuters report also read how to invest in startups expectations he said that bank of america expects threequarters of negative us growth led by a corporate slowdown with the consumer sector remaining upbeat “our base projection is for a recession to occur in the us economy beginning in the third quarter of 2023 occur through the fourth quarter of 2023 and into the first quarter of 2024” moynihan said the bank he stated projects that quarterly contractions would range between 05 and 1 “it’s a very slight recession in the scheme of things i don’t think you’ll see a deep recession” he said investors and traders are keenly watching out for federal reserve chair jerome powells testimony before congress on tuesday and wednesday the spdr sp 500 etf trust spy closed 0069 higher on monday while the invesco qqq trust series 1 qqq gained 011 “i think you’re going to see a slowdown which frankly a lot of people are not going to see that much of it will be more of a technical recession than it will be a deep drop in the us” moynihan said read next jpmorgan analysts believe these options could turn a 5 market fall into a deadly disaster what are they
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shares of norwegian cruise line holdings ltd nclh shed 466 to 1515 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 108 to 411577 and dow jones industrial average djia falling 081 to 3291090 the stocks fall snapped a twoday winning streak norwegian cruise line holdings ltd closed 1880 short of its 52week high 3395 which the company achieved on june 9th despite its losses the stock outperformed some of its competitors wednesday as royal caribbean group rcl fell 513 to 5383 carnival plc adr cuk fell 707 to 1197 and carnival corp ccl fell 617 to 1293true trading volume 158 m remained 35 million below its 50day average volume of 194 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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jump straight to webull get realtime market data analysis tools and 0 commissions although cryptocurrencies have long been a hot topic for their ardent supporters it wasn’t until recently that they garnered seemingly universal attention over the past few months federal reserve chair jerome powell fielded inquiries about and relating to decentralized digital assets in july reuters reported that powell speaking during a congressional hearing supported the development of a digital us currency to undercut virtual currencies pegged to the dollar essentially cryptos have gone mainstream thereby bolstering the initial public offering ipo of cipher mining a blockchainmining enterprise with sector interest continuing to soar cipher could drive home substantial longterm gains as has been typical for intriguing but risky technologybased private enterprises cipher mining’s leadership team decided to enter the public market via a business combination with a special purpose acquisition company spac in this case good works acquisition corp following an approval by both the securities and exchange commission and good works shareholders cipher inked its debut on the ipo calendar on aug 27 2021 shares trade on the nasdaq exchange under the ticker symbol cifr on aug 26 1 day prior to the closing of the business combination cifr stock jumped to an intraday high of 1280 before closing at 1134 a 13 gain over the prior day’s session however on the debut day shares closed down to 1050 effectively confirming to onlookers the volatility of cryptobased offerings the wildness of cifr stock also reflects the opportunities and dangers of spacbased ipos under a traditional framework private companies interested in going public must undergo an extensive vetting process though helpful to prospective retail investors due to greater regulatory scrutiny aspiring public enterprises hold the opposite sentiment because of hefty time and expense considerations instead of the rigors of a traditional ipo many smaller tech firms have chosen instead to merge with spacs also known as blankcheck firms or shell companies spacs have no underlying operations instead their job is to launch their own ipo in the hopes of identifying a merger target usually within a 2year span once discovered and approved spacs assume the identity of the target enterprise while the latter becomes a public company by default inherently this sideskirting process can be more beneficial to the enterprise than the retail investor but in fairness the good works spac commanded serious backing prior to the merger including a 425 million fully committed private investment in public equity pipe offering in total the deal contributed to cipher mining’s enterprise value of 2 billion to understand the financial underpinnings of cipher mining which specifically focuses on industrialscale bitcoin mining operations you should have some basic understanding of blockchainbased transactions arguably the best way to accomplish this task is to juxtapose the blockchain with traditional financial processes under an analog paradigm human operators record and register the various dealings you make with financial institutions however humans are fallible and susceptible to illicit temptations like fraud or bribes in addition currencyissuing central banks answer to very few if any entities thus imperiling the underlying monetary basis to nonrational pressures including political motivations to remedy this the asofyetunidentified entity behind bitcoin sought to create a decentralized financial ecosystem under a theoretically immutable process multiple public parties compete for the right to verify blocks of transactional data once validated these blocks become part of a permanent chain of other validated transactions hence the term blockchain aside from technical capacity however prior attempts at developing digital currencies failed because they couldn’t address the economic incentive problem in other words bank tellers have every reason to do their job well because they will be terminated if they make errors what motivation do decentralized public actors have for participating in the blockchain validation process the answer is that for their troubles which typically involves hefty electricity usage these network contributors also known as crypto miners receive shares of the underlying blockchain’s coins or tokens with the price of bitcoin near 50000 at time of writing cipher can quickly rack up robust earnings so long as management keeps its costs under control through using renewableenergy solutions it’s quite possible that cipher has the scale to succeed according to benzinga staff writer chris katje “cipher mining lists estimated revenue of 6 million for fiscal 2021 and 350 million in fiscal 2022” also the company anticipates that by 2025 it will drive down energy costs to 27 cents per kilowatthour kwh an industrywide low finally other expert analyses suggest that cipher “could generate annual operating cash flow of nearly 750 million in 2026” by now it should be clear that the upside potential for cipher mining revolves around a simple math equation churn out bitcoins while keeping costs low thanks to the company’s massive capital raise via its spacbased ipo it has more than enough funds to purchase processing units specifically geared toward cryptomining ventures as well the ability for bitcoin to fly higher perhaps from inflationary pressure would simply add to cipher’s pocketbook without incurring that much of an additional cost but like anything 2 sides of the bitcoin exist while arguably nothing is more tantalizing than cryptos when the blockchain market runs hot its lows can be utterly devastating put another way for cipher to reach its lofty operational goals the bitcoin price must cooperate but that of course is far from guaranteed bear in mind that during the last run up in cryptos when bitcoin skyrocketed to a thenrecord 20000 the price eventually slipped to a low of approximately 3300 followed by long stretches below the 10000 level a similar correction today would see bitcoin drop to a low of around 10500 and go rangebound at approximately 27000 at such rates it’s questionable if cipher can operate effectively given that any mining equipment purchased recently would have commanded a gargantuan premium because of the ongoing semiconductor crisis before getting onboard with cipher mining’s public market debut you should assess the pros and cons of spacbased ipos against their traditional counterparts broadly speaking postmerger spac performances this year have been negative much of this laggardness ties into the incentivization structure of spacs as mentioned earlier traditional ipos benefit the everyday retail buyer because they must undergo extensive regulatory requirements on the other hand shell companies sidestep some of these constraints which effectively benefits spac sponsors and insiders further sponsors usually receive 20 equity in the business combination along with the potential exercising of warrants spacs can be extremely dilutive resulting in downward pressure however spacs open access to opportunities that retail buyers may not otherwise receive and because they trade like any other equity unit you can participate easily if you already know how to buy stocks if not follow the steps below with brokerages nowadays offering similar financial incentives to join such as commissionfree trading you should narrow your list of best brokers to platforms that provide flexible and robust access to various investment products step 2 decide how many shares you want as inherently volatile processes ipos demand a balanced share count one that facilitates solid rewards but also keeps your holdings from incurring excessive damage before trading familiarize yourself with these market concepts bid the buyer’s highest offer the bid is always lower than the ask ask the seller’s absolute low the ask is always higher than the bid spread the gap between the price bid and price asked the spread also signifies market liquidity and risk narrower spreads indicate higher liquidity and lower risk due to increased participation while wider spreads entail higher risk because of lower volume limit order trade requests at a specific price limit orders provide transparency but no execution guarantees market order conversely market orders ensure fulfillment but only at the current rate which usually fluctuates constantly stoploss order a protective portfolio tool a stoploss order automatically exits your position at either a predetermined price or anything lower stoplimit order stoplimit orders only execute at a predetermined price affording control and exiting transparency however such orders carry the same nonfulfillment risk as limit orders enter the shares you want to acquire or sell follow the same sequence for limit orders but include your execution price review the financial industry regulatory authority finra rules on restricted persons before participating in an ipo securities laws severely penalize anyone profiteering from privileged information anyone interested in developing their investing acumen should consider opening an account with clickipo a service that buys shares of select entities seeking to go public for distribution to interested members to be sure cryptocurrencies and the underlying blockchain technology have forced a recognition of the changing nature of finance even at the very top of world governance by default such a favorable backdrop emboldens cipher mining’s bullish narrative however cifr stock’s exposure to wild bitcoin pricing dynamics ultimately makes this a speculative wager
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shares of carmax inc kmx inched 035 higher to 8369 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 039 to 452279 and the dow jones industrial average djia rising 022 to 3458535 carmax inc closed 2255 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 monday as carvana co cl a cvna fell 310 to 3653 acv auctions inc acva rose 184 to 1768 and openlane inc kar fell 089 to 1558 trading volume 11 m remained 734586 below its 50day average volume of 19 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 keysight technologies inc keys inched 091 higher to 15807 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 keysight technologies inc closed 3138 short of its 52week high 18945 which the company reached on december 13th the stock demonstrated a mixed performance when compared to some of its competitors thursday as emerson electric co emr rose 077 to 8559 agilent technologies inc a rose 048 to 13449 and rockwell automation inc rok rose 105 to 28753 trading volume 737193 remained 487837 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
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washington dow jonesthe us treasury plans to auction 50 billion in reopened 42day bills tuesday the debt will settle on july 27 2023 and will mature sept 07 2023 the debt is a reopening of an issue first sold on sept 08 2022 the federal reserve holds 11344 billion of maturing securities for its own account amounts bid by the federal reserve banks for their own account will be in addition to the public offering amount noncompetitive tenders for the 42day bills available in minimum denominations of 100 must be received by 1100 am eastern time tuesday competitive tenders available in minimum denominations of 100 must be received by 1130 am eastern time
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““every time they the fed take the foot off the brake or the market perceives they’re taking the foot off the brake and the job’s not done they make their work even harder”” the boss of the topperforming citadel llc hedge fund sees a us recession on the horizon and with that has an urgent message for federal reserve chairman jerome powell “if i could tell one thing to the chairman i would tell him to say less i would say just write a message ‘we’re going to put the inflation genie back in the bottle we’re going to do what it takes to make that happen and we’re going to raise rates consistency until we see very clear evidence that we put this behind us” ken griffin the founder of citadel and one of the world’s biggest market makers citadel securities told bloomberg in an interview on tuesday griffin said powell’s marketrattling remarks on tuesday had “created space” to move by 50 basis points at the march 2122 meeting the policysensitive 2year treasury yield tmubmusd02y surged above 5 for the first time in 15 years after the fed chief raised the possibility of reaccelerating the pace of interest rate hikes to control inflation need to know powell’s rate view came as no surprise to this treasury dealer here’s what it says is next for stocks and bonds but the citadel boss also likened the fed’s interest rate tool as a means of controlling inflation to “having surgery with a dull knife” that’s because “you hit the housing sector you hit the manufacturing sector you hit parts of the economy that have a very high sensitivity to interest rates and you tend to leave the rest of the economy untouched” he said and that’s one crucial reason why powell and co need to be accurate in their messaging “everyone has these very high expectations that the fed can just work magic on inflation and they don’t’ have it that easy” but what they say and the perception of the american public that they can get the job done is crucially important” he said griffin was looking for more breathing room for the fed with friday’s important february payrolls data which he expects will show jobs growth of around 200000 economists are predicting gains of around 225000 following january’s redhot 517000 payrolls gain adp on tuesday estimated 242000 privatesector jobs were created in february though the payroll processor’s estimate for january was well below official numbers “that will give the fed a bit of comfort that they’re getting the job done of cooling the economy bringing down inflation and putting that pretty evil inflation genie back in the bottle” he said but what remains to be seen is the impact on the economy of the rapid rise in rates over the past year putting the fed in “uncharted territory” said griffin the hedge fund boss warned that he does see a “setup for recession unfolding” as a “postpandemic orgy of spending” by consumers flush with government cash comes to an end “and then we will see the true strength in the economy and that’s going to be a really interesting moment in time…we are going to hit this moment in time we’re clearly inflation is decelerating and the punchbowl being empty we’re gonna see the economy start to slow as demand fades away” he said the money manager whose hedge fund raked in a record 16 billion profit after fees last year said his expectations on where the federalfunds rate will end up aren’t far off what the markets are predicting he said citadel’s views on the fed and inflation are close to what markets are expecting but falling in line with wall street can make it tougher for money managers he said “now when you manage money you make money by having a difference of opinion as compared to the broader market and for us the difference in opinion we had was that inflation was going to be very hot and it was and that was a source of revenues for us last year” said griffin read why the february jobs report is unlikely to reverse a january blowout in this week’s key economic data release and whatever happened to new investors from 2020 market turmoil meme stocks and crypto didn’t scare them off
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next to netflix home renovation may have been the biggest stayathome play of the pandemic from new home offices to expanded decks to basement gyms homeowners have been upgrading and expanding their spaces at record rates for the past two years that trend appears to be slowing down after big projected jumps in the first half of this year the gains in renovation spending will top out in the third quarter and then decelerate to a more sustainable growth rate according to harvards joint center for housing the rising costs of labor and construction materials difficulty retaining contractors and climbing interest rates could discourage owners from undertaking new or larger remodeling projects said abbe will associate project director of the remodeling futures program and hjch still spending could reach 430 billion by the second half of this year a nearly 20 jump from 357 billion at the same time last year spending is then projected to show a 17 year over year gain in the fourth quarter annual gains before the pandemic were in the 1 to 3 range home renovation retailers that saw huge gains last year are already taking hits to their earnings as inflation eats away at profits lower demand could exacerbate that stocks of names like masco sherwin williams lowes and home depot are all down yeartodate and down more than the broader markets in its latest earnings release sherwin williams cut its full year forecast citing supply chain issues that it expects will continue ceo john morikis said on an analyst call we will continue to implement pricing actions as appropriate to offset increased costs laura champine senior analyst with loop capital markets downgraded both lowes and home depot last fall basing the call on fundamentals of the home remodeling business going forward champine is seeing that play out now were not going to get the stimulus we had last year and the year before and two years ago everyone had to find their home office their home school and thats not going to happen again said champine in an interview on cnbcs power lunch friday those big remodelings are what drives the bus and thats where the profits are youll still see for home depot and lowes people will still buy duct tape theyll need light bulbs but if youre not going there to refresh your kitchen and bath and youre not going there to replace your flooring it is rough so thats a leading indicator of what the sentiment is around these stocks the latest guidance from lowes was below expectations the companys chief financial officer dave denton said while it expects to outpace competitors the company is preparing for a modest sector pullback in 2022 builder confidence in the remodeling market however did see gains in the fourth quarter of last year according to the national association of home builders there was however a caveat it is important to note the survey data were collected in late december and early january and do not fully capture recent increases in interest rates said nahb chief economist robert dietz going forward nahb expects remodeling activity to continue to grow in 2022 although not as fast as it did in 2021
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shares of nordstrom inc jwn slumped 075 to 1983 friday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 033 to 3450903 and the sp 500 index spx falling 010 to 450542 this was the stocks third consecutive day of losses nordstrom inc closed 760 short of its 52week high 2743 which the company reached on august 16th the stock demonstrated a mixed performance when compared to some of its competitors friday as amazoncom inc amzn rose 028 to 13468 walmart inc wmt rose 034 to 15466 and target corp tgt fell 143 to 13092 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 jpmorgan chase co jpm shed 094 to 11191 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 jpmorgan chase co closed 6105 below its 52week high 17296 which the company reached on october 25th despite its losses the stock outperformed some of its competitors wednesday as bank of america corp bac fell 166 to 3084 citigroup inc c fell
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countryspecific etfs were creating some agita in financial markets as the local russian stocks remained offline for a fourth day moscow is wading through a bevy of punishing economic sanctions that have come swiftly in response to its unprovoked attack of ukraine check out biden says putin’s war on ukraine is making ‘russia weaker and the rest of the world stronger’ this week we spend some time checking in on the health of exchangetraded funds focused on emerging markets and russia in particular send tips or feedback and find me on twitter at mdecambre or linkedin to tell us what you think are important topics for etf wrap as equity index provider msci inc on wednesday reclassified the msci russian indexes from “emerging markets” to “standalone markets” status we have seen a number of other moves among fund providers in response to the war in eastern europe that includes the suspension of the creation of the largest etf that offers exposure to russia’s market the vaneck russia etf rsx which this week announced it was hitting pause on the creation of new shares citing growing concerns around liquidity “although shares of the fund are expected to continue trading on cboe bzx exchange inc there can be no assurance that an active market will be maintained for the fund’s shares” a statement from the fund provider vaneck said todd rosenbluth head of etf and mutual fund research at cfra said the situation is fraught “i think it remains more likely each day that erus and perhaps rsx are shut down unless russia agrees to end its military efforts” he said referring to the vaneck etf as well as a smaller ishares msci russia etf erus msci has referred to russia assets many of them including banking and energy giants trading at pennies on the dollar as “uninvestable” in the wake of a series of sanctions that include the kremlin’s removal from a global banking network known as swift “with msci removing russian stocks from the flagship emerging markets indexes the need to offer a way for investors to get single country exposure to overweight russia as erus provides decreases” rosenbluth said augmenting troubles for the etfs the london stock exchange on thursday became the latest exchange to halt trading in russian companies as it announced the suspension of the secondary listings in more than 50 companies including gazprom en and sberbank vaneck’s etf is down a whopping 61 so far this week and its ishares counterpart is off almost 70 providers of the etfs blackrock and vaneck either didn’t immediately respond to a request for comment or declined to comment “the sanctions and subsequent impact on the accessibility of the russian market may impact the ability of market participants to replicate sp dji indices containing russian securities” a statement from the company read the organization is fielding comments from market participants similar to what msci did before its actions to help determine whether it will remove some or all russiarelated assets from its indices for the foreseeable future direxion said thursday that its direxion daily russia bull 2x etf rusl would eliminate all exposure to the market “today” and instead will have all of its assets held in cash barron’s russian stocks are nearly worthless as ukraine sanctions bite direxion previously announced that the rusl etf will cease trading on the nyse at the close of trading on march 11 and will liquidate on march 18 with the military conflict funds pegged to defense contractors were drawing interest with the ishares us aerospace defense etf ita which was created in 2006 up 19 this week thus far the spdr sp aerospace defense etf xar which kicked off in 2011 was up 38 week to date russian etf up 100 in london as some investors hunt bargains reuters how investors are leveraging etfs to trade the russiaukraine conflict cnbc russia’s market rout is drying up liquidity and shaking some etfs barron’s fee war among gold etfs intensifies as investors seek safety here’s the cheapest one barron’s how is the market faring as stock benchmarks get whipped around including the dow jones industrial average djia the sp 500 index spx and the nasdaq composite index comp etfs pegged to those equity gauges are looking at weekly losses spdr dow jones industrial average etf trust dia is down 09 for the week spdr sp 500 etf trust spy is off 07 thus far the invesco qqq trust qqq is down 05 for the week as of midday thursday
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shares of metlife inc met dropped 082 to 6147 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 071 to 444808 and dow jones industrial average djia falling 079 to 3534328 this was the stocks third consecutive day of losses metlife inc closed 621 below its 52week high 6768 which the company achieved on may 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as prudential plc adr puk fell 088 to 4040 assurant inc aiz rose 050 to 16748 and unitedhealth group inc unh rose 110 to 42178 trading volume 42 m remained 853315 below its 50day average volume of 50 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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may 16 reuters viking therapeutics inc vktxo said on tuesday its experimental drug met the main goal of a midstage trial to treat patients with a type of fatty liver disease sending its shares about 6 higher in early trade with no approved treatments for the disease yet several drugmakers including novo nordisk novobco and other smaller companies such as madrigal pharmaceuticals inc mdglo and akero therapeutics inc akroo are racing to enter what is expected to be a multibillion dollar us market the californiabased company said the study of the drug achieved its primary goal of reducing liver fat content with up to 85 of patients receiving the drug vk2809 experiencing at least a 30 relative reduction in liver fat content the progressive fatty liver disease nonalcoholic steatohepatitis nash is also the fastestgrowing cause of liver transplants in developed countries an estimated 5 of adults in the us are affected by the disease according to the american liver foundation viking therapeutics said it looked forward to reporting its 52week data on biopsy results from some patients in the study in the first half of 2024 the company in march said its experimental obesity drug helped reduce weight and was safe in an earlystage study successful results of the two assets sets vikings up in a good position for both partnerships and potential acquisitions btig analyst justin zelin said the only concern is that it will take longer time and cost additional finances for this drug to make it to the commercial market intercept pharmaceuticals icpto experimental drug is currently furthest in the race for getting its nash treatment approved with the regulators advisory panel set to discuss its candidate on friday based on latestage data the us food and drug administrations decision is expected june 22
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shares of discover financial services dfs advanced 121 to 10222 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 028 to 411863 and dow jones industrial average djia falling 014 to 3279840 this was the stocks second consecutive day of gains discover financial services closed 3347 below its 52week high 13569 which the company achieved on august 13th the stock demonstrated a mixed performance when compared to some of its competitors monday as capital one financial corp cof fell 009 to 10973 zions bancorp na zion fell 114 to 5393 and tfs financial corp tfsl rose 137 to 1485 trading volume 19 m remained 239639 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
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prague nov 25 reuters the czech national bank is in a comfortable position with interest rates now and it can tighten policy further at a more moderate pace governor jiri rusnok said on thursday the central bank stunned markets with a 125basispoint rate hike at its last policy meeting on nov 4 its biggest since 1997 which raised the key twoweek repo rate to 275 as the bank aims to prevent inflationary expectations from decoupling rusnok said that there was no reason for such steep moves anymore and added he saw closertostandard hikes in future while he could even imagine a pause in december of course i assume there will be a proposal for a rate hike but i would expect it to be in some more or less normal framework rusnok told reuters we have the comfort now not to rush and to think about what does it look like and to observe the developments to the last moment and then decide accordingly he said the bank has leeway after it hiked the main rate by 200 basis points in two steps at its last two meetings in november and september i can imagine also not hiking in december because we are not going to miss anything we are not behind the curve we are back at the curve and we can afford such comfort he said
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shares of hca healthcare inc hca inched 084 higher to 25242 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 155 to 430626 and dow jones industrial average djia falling 176 to 3329495 hca healthcare inc closed 1733 short of its 52week high 26975 which the company reached on january 5th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as universal health services inc cl b uhs rose 066 to 14488 tenet healthcare corp thc rose 247 to 8811 and community health systems inc cyh fell 314 to 1018 trading volume 12 m remained 305398 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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cryptocurrency entrepreneur and 2020 independent presidential candidate brock pierce is eyeing another attempt at politics with a possible run for the us senate that is being vacated by vermont’s patrick leahy what happened pierce used instagram to affirm media reports that he filed paperwork with the federal election commission fec ahead of a potential bid for office “since the media discovered my filing it is time to share that i am jumping back into politics after a 2020 presidential run” he posted “i filed a ‘statement of organization’ wthe fec as i weigh running for the seat of retiring sen patrick leahy dvt “filing allows me to start raising campaign money” he added “stay tuned for ways in which you can support” why it happened pierce a former child actor who is chairman of the bitcoin foundation and was a cofounder of eos alliance blockone blockchain capital tether and mastercoin the first ico ran as an independent for president in the 2020 election but failed to gain a ballot spot in several states and only received 003 of the national vote the 81yearold leahy was first elected to the senate in 1974 and is now in his eighth term the longest senatorial career in today’s capitol hill on monday rep peter welch dvt announced he would seek leahy’s seat to date no republican has expressed an interest in leahy’s seat the last republican senator from the state was jim jeffords who was elected in 1988 but later left the gop to serve as an independent jeffords was succeeded in 2007 by bernie sanders who was elected as an independent and later sough the democratic partys presidential nomination in 2016 and 2020 pierce was the keynote speaker at the benzinga global fintech awards
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cocacola europacific partners said wednesday that it is considering together with aboitiz equity ventures to buy cocacola beverages philippines from the cocacola company valuing it at around 18 billion the londonlisted bottling company said the philippines bottling business shows attractive profitability and growth prospects and would build upon its own expansion into the australia pacific and indonesia market that started 2021 a takeover would be expected to close around the end of 2023 it is still subject to a number of conditions including due diligence and regulatory approval and there can be no certainty it will be entered into nor completed it said the european bottler said it has entered a letter of intent and signed a nonbinding term sheet with aev on the potential joint transaction based on a 6040 ownership structure for cocacola europacific and aev respectively the agreement implies an enterprise value of 18 billion on a debtfree cashfree basis for the philippines business the consideration would be paid in cash the proposed acquisition would position cocacola europacific as the worlds largest cocacola bottler by both revenue and volume
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dr horton inc reported higher earnings and revenue in its fiscal fourth quarter though both figures were below analyst estimates and the company recorded fewer net sale orders the homebuilder posted a profit of 163 billion in the three months ended sept 30 compared with 134 billion a year earlier earnings were 467 a share compared with 370 a share last year analysts polled by factset were looking for earnings of 507 a share revenue was 964 billion compared with 811 billion a year earlier analysts surveyed by factset were expecting 987 billion homebuilding revenue rose 23 to 94 billion a total of 23212 homes were closed during the quarter up 6 from a year ago net sale orders meanwhile dropped 15 to 13582 homes with the value of the orders falling 10 from the yearago quarter to 54 billion the cancellation rate or canceled sales orders divided by gross sales orders was 32 for the quarter compared with 19 last year
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shares of nucor corp nue dropped 071 to 14766 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 041 to 409195 and dow jones industrial average djia falling 011 to 3364650 the stocks fall snapped a threeday winning streak nucor corp closed 4024 short of its 52week high 18790 which the company achieved on april 21st trading volume 15 m remained 300151 below its 50day average volume of 18 m
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shares of bce inc bce shed 020 to c6541 thursday in what proved to be an otherwise allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 042 to 2026537 this was the stocks second consecutive day of losses bce inc closed c868 short of its 52week high c7409 which the company reached on april 20th trading volume of 22 m shares remained below 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
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shares of ametek inc ame slipped 265 to 12325 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 432 to 393269 and dow jones industrial average djia falling 394 to 3110497 the stocks fall snapped a fiveday winning streak ametek inc closed 2482 short of its 52week high 14807 which the company achieved on december 29th despite its losses the stock outperformed some of its competitors tuesday as danaher corp dhr fell 400 to 28178 general electric co ge fell 595 to 7084 and roper technologies inc rop fell 344 to 39517true trading volume 12 m eclipsed its 50day average volume of 965548 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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hong kong stocks surged at thursdays open tracking a global advance after data showed us inflation slowing more than expected last month fanning hopes of an end to the federal reserves interest rate hikes the hang seng index jumped 170 percent or 32036 points to 1918131 the shanghai composite index gained 021 percent or 657 points to 320270 while the shenzhen composite index on chinas second exchange rose 030 percent or 618 points to 203695
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shares of norfolk southern corp nsc rose 226 to 27002 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 084 to 452154 and the dow jones industrial average djia rising 106 to 3546278 the stocks rise snapped a threeday losing streak norfolk southern corp closed 2918 below its 52week high 29920 which the company achieved on december 31st the stock outperformed some of its competitors tuesday as union pacific corp unp rose 075 to 24295 canadian national railway co cni rose 129 to 12272 and csx corp csx rose 137 to 3411 trading volume 10 m remained 227840 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
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shares of paccar inc pcar inched 095 higher to 9149 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 029 to 414077 and the dow jones industrial average djia rising 018 to 3296923 this was the stocks second consecutive day of gains paccar inc closed 607 below its 52week high 9756 which the company achieved on january 26th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as ford motor co f rose 131 to 1552 sinotruk hong kong ltd adr shkly rose 791 to 6569 and oshkosh corp osk fell 065 to 8304 trading volume 18 m remained 6772 below 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
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douglas d wheat director at amn healthcare services amn reported a large insider sell on november 9 according to a new sec filing what happened a form 4 filing from the us securities and exchange commission on wednesday showed that wheat sold 4900 shares of amn healthcare services the total transaction amounted to 578200 amn healthcare services shares are trading up 007 at 12039 at the time of this writing on thursday morning now trade stocks online commission free with charles schwab a trusted and complete investment firm insider transactions shouldnt be used primarily to make an investing decision however an insider transaction can be an important factor in the investing decision in legal terms an insider refers to any shareholder who owns at least 10 of a company this can include executives in the csuite and large hedge funds these insiders are required to let the public know of their transactions via a form 4 filing which must be filed within two business days of the transaction when a company insider makes a new purchase that is an indication that they expect the stock to rise insider sells on the other hand can be made for a variety of reasons and may not necessarily mean that the seller thinks the stock will go down investors prefer focusing on transactions that take place in the open market indicated in table i of the form 4 filing a p in box 3 indicates a purchase while s indicates a sale transaction code c indicates the conversion of an option and transaction code a indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company check out the full list of amn healthcare servicess insider trades this article was generated by benzingas automated content engine and reviewed by an editor
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the uk government on friday said it will keep a windfall profit tax on oil and gas companies in place unless both oil and natural gas prices fall below their 20year averages the tax of 75 on north sea oil and gas production will remain in place for five years until there are two straight quarters where oil averaged below 7140 per barrel and gas averaged below 54 pence per therm of gas the last time monthly average prices were at or below this level was in march 2021 for gas and august 2021 for oil the rate will drop back down to 40 if both conditions are met the uk treasury said brent crude brn00 was trading at over 76 per barrel on friday and uk natural gas prices gwm00 were at 71 pence per therm the tax so far has raised £28 billion 35 billion which the government said paid for nearly half the support given to households for energy bills the levy is expected to raise £26 billion by march 2028 the tax has landed on the shoulders of oil and gas producers including bp bp shell shel and totalenergies tte harbour energy hbr a north sea producer whose shares were hit when the tax was first announced saw its shares rise 3 on friday another producer serica sqz also had its shares rise 3
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cc may contain inaccuracies given the uncertainty do you go and bet on those sectors that have sold off in anticipation or do you stay away from those assets given of course the risk off sentiment that might continue for a while and the reason i ask is because we saw that huge outflow from asian markets in the past month yeah so asia does have its own different dynamic going on as well but just in terms of the us if you look at these three scenarios right higher for look at a soft landing basically you want to own growth stocks duration stocks right in a higher for longer scenario you want to own value stocks right now and in a deep recession obviously you want to own defensive stocks so depending on which way you know probably does a moving and right now theyre moving towards the value favorable camp and perhaps a little bit towards defensives so thats the areas that i would be looking at in the us coming to asia i think the bigger bigger picture here is that whats happening with china is much more important than asia and also whats happening with a tax cycle which is important to korea and taiwan and so if you get both of those two right you still have a chance of overriding whats happening in the us and particularly in the tech cycle have seen that bottom out quite you i would say convincingly in january and we are seeing that recovery continue into february and looks like with all this excitement about charging bd it could at least continue for a while and then you think about china whats happening in china is that theres a very different market from the us the us is very much an inflation driven market and everything thats happening is based on whats happening to inflation in china its about growth and so if you do get growth improving like we saw with the pmi yesterday that is pretty positive for the market and if you go going into the npc you dont expect very positive outcomes on the growth side but you could see better communication in terms of reforms in terms of regulations and that could also help drive earnings upside in china i still want to ask you more about china but i only have time for one more question and i had to pick one going go and pick the tech cycle because why do we continue to see semiconductor inventory rising in south korea and what will that mean for you know that sector is off korea and taiwan as well right so when we think about a tax hike a bottom or you know the tax cycle in itself there are obviously multiple variables that go into that and a couple of them inventories is one of them and we look at orders quite closely as well and orders are starting to jump if you look at export orders in taiwan which came out yesterday again in the pmi numbers that was very very strong and a very big jump compared to what was previously the trend of declining new export orders numbers so thats one the second is that if you look at the earnings downgrades for the semi camp in the tech camp overall weve already seen a magnitude or downgrade that is typical of a down cycle so again it matches the fact that weve already seen a significant down cycle there then if you look at valuations again on a price to book basis many of these companies are trading at bottom cycle valuations so yes there is some variability in the inventory side and again i would say that its not straightforward to calculate inventories and if you look at different markets different companies theres a different picture there but if you look at autos if you look at earnings cuts if you look at valuations bottom is a much more likely scenario
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shares of cms energy corp cms inched 083 higher to 6319 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 146 to 407660 and the dow jones industrial average djia rising 109 to 3408604 this was the stocks sixth consecutive day of gains cms energy corp closed 1057 short of its 52week high 7376 which the company reached on april 21st the stock demonstrated a mixed performance when compared to some of its competitors tuesday
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bond yields nudged higher on tuesday as steadier risk appetite and energy prices hobbled demand for fixedincome assets the 10year treasury yield is down 69 basis points from the 52week high touched in mid june but remains up 129 basis points for the year to date bond buyers were on the back foot pushing yields a touch higher as a rally in the previous session bolstered by a very weak us east coast manufacturing survey and signs of a slowing chinese economy showed signs of fading “after us activity and inflation data last week had an air of ‘goldilocks’ feel to them economic data out of china and the us to start the week came in clearly on the ‘too cold’ side for global growth” said brian daingerfield head of g10 fx strategy at natwest markets the 10year to 2year spread of about minus 40 basis points means the yield remains deeply inverted signaling a looming economic downturn bond yields had been further pressured at the start of the week by a sharp slide in oil prices which bolstered hopes that the us had witnessed peak inflation in june the news on both these fronts is somewhat altered on tuesday crude prices are steadier and news out of china suggesting beijing is prepared to support the struggling property sector has salved global growth concerns traders must next contend with us data due for release on tuesday which include july housing starts and permits at 830 am eastern and industrial production for july at 915 am eastern meanwhile lurking in the background is the latest update on fed thinking in the shape of the minutes from its recent monetary policy meeting alex pelle and steven ricchiuto us economists at mizuho securities think the market may be unprepared for the tone the central bank adopts “we expect the fed’s july meeting minutes released on wednesday to be quite hawkish meetingbymeeting forward guidance has been laid to rest but forward guidance in general has not” they said in a note to clients “markets interpreted the july fed meeting a dovish despite the central bank’s 75bp hike and in response fed speakers across the hawkdove spectrum have spent much of the past few weeks trying to disabuse the market of the view that the fed will fail to follow through its policy projections in the latest summary of economic projections” the mizuho strategists added markets are pricing in a 595 probability that the fed will raise interest rates by another 50 basis points to a range of 275 to 300 after its meeting ending sept 21 the central bank is expected to take its borrowing costs to 363 by april 2023 according to fed funds futures
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shares of under armour inc cl a uaa slid 283 to 995 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 072 to 427404 and dow jones industrial average djia falling 050 to 3398032 the stocks fall snapped a fiveday winning streak under armour inc cl a closed 1733 below its 52week high 2728 which the company reached on november 19th the stock underperformed when compared to some of its competitors wednesday as nike inc cl b nke fell 086 to 11704 columbia sportswear co colm fell 115 to 7704 and skechers usa inc cl a skx fell 248 to 4051 trading volume 66 m remained 17 million below its 50day average volume of 83 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 general dynamics corp gd rallied 119 to 20713 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 general dynamics corp closed 308 below its 52week high 21021 which the company achieved on october 22nd trading volume 849217 remained 141852 below its 50day average volume of 991069 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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these stocks are ready to rally as the earnings recovery kicks in analysts say
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the housing market is beginning to stir as the year progresses with more and more individuals searching and touring properties according to a report issued by redfin what happened as the allure of low mortgage rates takes hold purchases are starting to follow suit applications for mortgages have seen a boost of 25 and the previously sluggish pace of pending sales is starting to ease the median cost of a home in the us has seen a slight increase of 09 bringing the average sale price to 350250 over the past month however this can be attributed to the growing interest in buying as mortgage rates continue to drop thanks in part to inflation continuing to moderate as the week of jan 20 comes to a close average mortgage rates have hit a new low 615 since september further fueling the fire for potential buyers with the housing market showing early signs of growth new companies have innovated ways for investors to enter the market here’s how you can invest as little as 100 in a rental property to earn passive income and build longterm wealth while pending home sales dropped by 29 compared to last year this marks the first time in three months that the decline has been less than 30 this coupled with the 25 rise in mortgage purchase applications during the week of jan 13th indicates that we can expect to see more pending sales in the near future why it matters as the demand for homes begins to rise again some homeowners are becoming more willing to put their properties on the market according to the report new listings of homes for sale have dropped by 20 compared to last year marking the smallest decline in two months google searches for homes for sale were up nearly 50 from their november lows though searches are still down 26 from the previous year these figures suggest that while interest in buying homes is on the rise it still has a ways to go to reach prepandemic levels check out more on real estate from benzinga bezosbacked startup lets you become a landlord with 100 analysts are bullish on industrial real estate here are 2 private market offerings to gain exposure this littleknown reit is producing doubledigit returns in a bear market how
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you can do the opposite of a losing strategy and still lose that’s important to keep in mind when considering whether to take the opposite side of trades recommended by losing advisers given that the vast majority of investment advisers and fund managers lag the market doing the mirror opposite of what they’re doing seems to many a sure path to beating the market
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after a brutal year for growth stocks some companies are trading at steeper discounts on a pricetoearnings basis than they have in recent history and that could present an opportunity for investors stock tumbled in 2022 to their worst yearly performance since 2008 the techheavy nasdaq composite index plummeted more than 33 while the s p 500 shed 194 as the federal reserve hiked rates to subdue cripplingly high inflation leading to mounting fears that a recession would follow while the recent selloff wiped out trillions in market cap among some of the worlds biggest companies these sharp discounts may present a oneofakind buying opportunity for investors in the new year given this setup cnbc pro screened for stocks that are already beating the market less than two weeks in to 2023 and trading cheaply based on their forward pricetoearnings ratios heres the criteria we searched for forward pe at a discount of 10 or more to the average forward pe over the past five years up more than 15 so far in 2023 and beating the market loved by analysts with 70 or more rating the stock a buy consensus price targets offering upside of at least 10 shares of amazon sold off sharply in 2022 tumbling about 50 as technology and growth stocks took a beating the dominant ecommerce retailer also suffered its biggest oneyear loss since 2000 as it grappled with investors facing a looming recession fears and consumer shifting spending to services from goods after last years turmoil amazon now trades near a 36 discount to its average forward pe over the past five years analysts also continue to recommend the stock up 25 already this year with more than 77 saying its a buy the average price target suggests shares can surge more than 55 amzn mountain 20211231 amazon shares since 123121 media stocks also suffered in 2022 as streaming subscriber growth dwindled and companies faced a weakening advertising environment walt disney got hit hard dropping nearly 44 in 2022 shares also reached a 52week low following a softerthanexpected opening weekend for james camerons avatar the way of water despite last years pain disney shares stand to gain 27 based on analysts consensus price target the theme park operator also trades at a forward pe of 21 times representing a near 28 discount to the last five years tmobile shares bucked 2022s selloff gaining nearly 21 and looking ahead analysts are overwhelmingly positive on the stock at least 78 say its a buy with the consensus price target implying nearly 20 upside on a forward pe basis shares trades at a 31 discount to the last five years citi strategist scott chronert named tmobile among his favorite largecap stock picks for 2023 goldman sachs also highlighted tmobile along with disney among those it expects to see aboveaverage earnings growth this year airlines delta air lines and alaska air group trade at some of the deepest pe discounts of the group delta currently sits at 71 times forward earnings a 78 discount to its fiveyear average alaska meanwhile trades at 86 times representing a roughly 70 discount a weakening economy could test these stocks in the months ahead but analysts still see their shares rallying nearly 35 each visa salesforce and halliburton also popped up on the cnbc screen
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shares of ch robinson worldwide inc chrw shed 051 to 10275 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 002 to 439169 and dow jones industrial average djia falling 011 to 3441169 the stocks fall snapped a twoday winning streak ch robinson worldwide inc closed 940 short of its 52week high 11215 which the company reached on january 6th the stock demonstrated a mixed performance when compared to some of its competitors monday as united parcel service inc cl b ups fell 046 to 18716 fedex corp fdx fell 121 to 20326 and expeditors international of washington inc expd rose 006 to 9675 trading volume 754184 remained 747098 below its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of twitter inc twtr sank 044 to 3821 wednesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 036 to 384508 and the dow jones industrial average djia rising 023 to 3103768 the stocks fall snapped a twoday winning streak twitter inc closed 3513 short of its 52week high 7334 which the company reached on july 23rd the stock underperformed when compared to some of its competitors wednesday as microsoft corp msft rose 128 to 26621 and alphabet inc cl a googl rose 116 to 229144 trading volume 49 m remained 249 million below its 50day average volume of 298 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 abbvie inc abbv rallied 125 to 15385 tuesday on what proved to be an allaround positive 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 third consecutive day of gains abbvie inc closed 2206 short of its 52week high 17591 which the company achieved on april 8th the stock outperformed some of its competitors tuesday as johnson johnson jnj rose 056 to 15392 and
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daimler truck holding ag on friday posted a positive outlook for the year ahead as earnings and revenue improved in the fourth quarter and full year the german trucks and buses manufacturer reported adjusted earnings before interest and taxes of 103 billion euros 109 billion for the fourth quarter of 2022 up from eur594 million the previous year revenue rose to eur1478 billion in the quarter from eur1135 billion the year prior daimler truck said revenue and adjusted ebit also rose in the full year reaching eur5095 billion and eur396 billion respectively in the fourth quarter the company delivered 155072 units at group level and it confirmed a previously given figure for 2022 of 520291 units daimler truck proposed a dividend of eur130 a share its first as an independent company looking ahead at 2023 daimler truck said it expects a significant increase in revenue coming in a range between eur53 billion and eur55 billion in industrial business and between eur55 billion and eur57 billion at group level it is also expecting a significant increase in adjusted ebit it said at unit level the company expects 2023 sales in a range between 510000 and 530000 units it 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
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shares of thermo fisher scientific inc tmo slumped 088 to 58816 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 110 to 448273 and dow jones industrial average djia falling 089 to 3471539 thermo fisher scientific inc closed 8418 short of its 52week high 67234 which the company achieved on december 31st the stock demonstrated a mixed performance when compared to some of its competitors thursday as danaher corp dhr fell 142 to 28296 intuitive surgical inc isrg fell 025 to 29273 and becton dickinson co bdx rose 004 to 26397 trading volume 15 m eclipsed 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
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shares of lamb weston holdings inc lw slipped 102 to 6703 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 097 to 453276 and dow jones industrial average djia falling 096 to 3502865 this was the stocks third consecutive day of losses lamb weston holdings inc closed 1938 short of its 52week high 8641 which the company achieved on march 8th the stock underperformed when compared to some of its competitors wednesday as kraft heinz co khc fell 056 to 3722 general mills inc gis fell 016 to 6915 and conagra brands inc cag rose 074 to 3556 trading volume 11 m remained 872912 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
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shares of inovio pharmaceuticals inc ino shed 948 to 065 thursday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 151 to 1268884 and the dow jones industrial average djia rising 034 to 3353591 inovio pharmaceuticals inc closed 217 below its 52week high 282 which the company reached on august 16th the stock underperformed when compared to some of its competitors thursday as johnson johnson jnj fell 032 to 15848 statera biopharma inc stab rose 429 to 002 and pfizer inc pfe fell 073 to 3648 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 dr horton inc dhi slipped 129 to 8918 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 059 to 384482 and the dow jones industrial average djia rising 053 to 3320393 the stocks fall snapped a twoday winning streak dr horton inc closed 1981 below its 52week high 10899 which the company reached on december 31st the stock underperformed when compared to some of its competitors friday as lennar corp cl a len fell 046 to 9062 lennar corp cl b lenb fell 037 to 7510 and invitation homes inc invh rose 095 to 2990 trading volume 20 m remained 11 million below its 50day average volume of 31 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 united utilities group plc uu rallied 165 to £1076 monday on what proved to be an allaround great trading session for the stock market with the ftse 100 index ukx rising 083 to 794760 united utilities group plc closed £111 below its 52week high £1187 which the company achieved on april 7 trading volume 13 m remained 592672 below its 50day average volume of 19 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 bark inc were trading lower in tuesdays afterhours market following the companys release of fourthquarter financial results at 612 pm et the companys shares were trading 72 lower at 232 per share the stock finished the days regular session with a 385 loss closing at 250 per share the company said it had a fourthquarter net loss of 367 million compared to a net loss of 71 million in the yearago period for fiscal 2022 bark said it had a net loss was 683 million compared to a net loss of 314 million in the previous year after the bell tuesday bark reported a fourthquarter loss per share of 15 cents on revenue of 1288 million for the fiscal year the company reported revenue of 5074 million a 34 increase yearoveryear the company said it was expecting firstquarter revenue of 130 million and fiscal 2023 revenue of 556 million bark offers subscription boxes meal plans and other goods and services for dogs
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jpmorgan chase co hired silicon valley bank veteran john china to colead the business of banking venture capitalists and startups part of the firm’s growth strategy for the sector china who will be based in san francisco spent almost three decades at silicon valley bank most recently as president of svb capital according to a statement tuesday he will oversee the commercial bank’s innovationeconomy team alongside melissa smith who is also head of specialized industries the hire underscores the biggest us bank’s efforts to fill the void created by silicon valley bank’s failure in march that firm dominated the tech industry banking both venture capitalists and their portfolio companies it unraveled in a matter of days as depositors in some cases startups heeding the advice of their backers yanked their money over balancesheet concerns doug petno who oversees jpmorgan’s commercial bank outlined the firm’s opportunity following the collapse of “a longstanding incumbent competitor” at the bank’s investor day in may noting that his firm had added thousands of clients in the sector since the turmoil began “we have a real opportunity to support this sector and fill a real market need” petno said “to do that we are going to accelerate our growth strategy and step up our investment significantly expanding our support teams and bankers focused on startup banking venture capital coverage risk and early stage lending” jpmorgan launched its innovationeconomy group in 2016 and it now has more than 350 bankers and over 6000 clients its acquisition of san franciscobased first republic bank following that bank’s collapse in may also boosted its growth strategy for the sector “recent market events have only strengthened our commitment to provide the bespoke services and solutions that founders startups and investors need to thrive” smith said in the statement
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mahindra mahindra ltd 500520 shares inched down 022 to 146505 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 074 to 6572125 mahindra mahindra ltd closed 12980 rupees below its 52week high 159485 rupees which the company achieved on july 13 the stock demonstrated a mixed performance when compared to some of its competitors friday as hero motocorp ltd heromotoco fell 026 to 294470 rupees and ashok leyland ltd ashokley rose 083 to 18250 rupees 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 pnc financial services group inc pnc dropped 070 to 16000 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 028 to 414760 and the dow jones industrial average djia rising 011 to 3412805 the stocks fall snapped a threeday winning streak pnc financial services group inc closed 4991 short of its 52week high 20991 which the company achieved on february 16th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as jpmorgan chase co jpm rose 042 to 14380 bank of america corp bac fell 017 to 3556 and wells fargo co wfc fell 109 to 4797 trading volume 18 m remained 586250 below its 50day average volume of 24 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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harleydavidson inc hog said tuesday it swung to a fourthquarter profit of 2157 million or 14 cents a share from a loss of 964 million or 63 cents a share in the yearago quarter adjusted profit totaled 15 cents a share the motorcycle makers revenue jumped to 81602 million from 53096 million analysts expected harleydavidson to lose 34 cents a share on revenue of 6686 million harleydavidson said cited a 39 increase in wholesale shipments favorable motorcycle unit mix and pricing in the us market looking ahead the milwaukeebased company expects 2022 revenue growth of 5 to 10 a decline in operating income by 20 to 25 and capital investments of 190 million to 220 million the stock rose 9 in premarket trades
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shares of exelon corp exc dropped 028 to 5374 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 037 to 463065 and the dow jones industrial average djia rising 039 to 3605263 the stocks fall snapped a threeday winning streak exelon corp closed 029 short of its 52week high 5403 which the company achieved on november 1st the stock underperformed when compared to some of its competitors tuesday as nextera energy inc nee fell 020 to 8542 dominion energy inc d rose 011 to 7549 and xcel energy inc xel rose 033 to 6471 trading volume 58 m eclipsed its 50day average volume of 50 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 paccar inc pcar inched 031 higher to 8142 thursday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 058 to 390079 and dow jones industrial average djia falling 075 to 3125313 paccar inc closed 1614 short of its 52week high 9756 which the company achieved on january 26th the stock demonstrated a mixed performance when compared to some of its competitors thursday as ford motor co f rose 055 to 1285 sinotruk hong kong ltd adr shkly fell 682 to 6043 and oshkosh corp osk fell 064 to 8962 trading volume 16 m remained 236858 below 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
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