Good MorningEquity markets rose last week, but bank earnings capped the gains. The banks reported better than expected top and bottom line results due to the rise of interest rates. The news is good for them because they make money when rates are high or low; the bad news is that the rest of the economy is paying more for credit and loans, which impacts demand.
The inflation data helped to lift markets last week, but that lift may be short-lived. Oil prices are rising and will underpin another acceleration of inflation if not capped soon. Based on the IEA's demand outlook and OPEC+ production cuts, oil prices will likely move higher in 2023. Featured: Your Bank Account Is No Longer Safe (Ad) 
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Mobileye Global Inc. (NASDAQ: MBLY) was among the largest IPOs of 2022, admittedly a weak year for public-company launches, as markets declined and tech, in particular, got slammed.
The stock has shown strong price appreciation, as well as earnings and revenue growth. It beat expectations on both... Read the Full Story |
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From Our PartnersBehind closed doors, away from the mainstream media's eyes, the smartest minds in crypto are all seeing the same signals. They're positioning themselves for something unprecedented.
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Markets | | | Saudi Arabia's crown prince announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to a subsidiary of the kingdom's sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman's decision, announced by ... Read the Full Story |
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Historically speaking, lower interest rate environments favor (price appreciation-wise) certain banking stocks rather than others, and vice versa when rates are raised such as they are now. Banks can be divided into two main categories. Investment banks focus on their corporate business franchises... Read the Full Story |
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The hot word of the day for technology companies across the industry spectrum is artificial intelligence focusing on creating user-friendly responsive chatbots that can successfully compete with ChatGPT and its capabilities. Once Microsoft (NASDAQ: MSFT) expressed its interest in the technology by... Read the Full Story |
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Markets | | | Tupperware Brands, which experienced a resurgence during the pandemic, is now pursuing investors to keep it afloat and is in danger of being delisted by the New York Stock Exchange.Shares of Tupperware Brands Corp. tumbled nearly 50% on Monday after the company said late last week that it had engage... Read the Full Story |
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From Our PartnersAs you may have seen over the last few weeks, I've been giving out special daily setups on my favorite ticker.
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Earnings season for the banking sector stocks is typically a reliable indicator, a window perhaps, into the state of economic affairs and how the industry that "does" money is positioned as the banks reflect their future outlooks in their operations and financials. In the case of Citigroup (NYSE: ... Read the Full Story |
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Markets | | | When Gadiel Galvez learned that the owner of his mobile home park south of Seattle was looking to sell, he and other residents worried their largely Latino community would be bulldozed to make way for another Amazon warehouse.So, they decided to form a cooperative and buy their park in Lakewood, Was... Read the Full Story |
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Markets | | | Sofia Andrade, a lawyer, chose over the past month to withdraw all her dollar savings from the bank as the US currency became scarce on the streets of Bolivia. “I prefer to have them at home,” she said. “I fear they won’t let me withdraw them later.”Like her, many Bolivians are withdrawing their dol... Read the Full Story |
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Markets | | | In Spain, the dream of an emissions-free future for heavy industry starts with a rugged Castilian hillside covered in solar panels, and ends with an ice-cold beer. When the beer will be available, and how much it will cost, depends on an intervening rollout of green hydrogen.This Mediterranean natio... Read the Full Story |
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The topic of weight loss drugs has been making recent headlines. The positive phase 1 clinical trial for Viking Therapeutics Inc. (NASDAQ: VKTX) GLP-1 treatment VK2735 caused its shares to rally more than 50%. It found that participants lost up to 8% of body weight using single and weekly doses in... Read the Full Story |
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Monday's Early Bird Stock Of The Day U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments. The company offers depository services, including checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products and credit card services, lease financing and import/export trade, asset-backed lending, agricultural finance, and other products. It also provides ancillary services comprising capital markets, treasury management, and receivable lock-box collection services to corporate and governmental entity customers. In addition, the company offers asset management and fiduciary services for individuals, estates, foundations, business corporations, and charitable organizations. Further, it provides investment and insurance products to its customers principally within its domestic markets, as well as fund administration services to mutual and other funds. Additionally, the company provides corporate and purchasing card, and corporate trust services. Furthermore, it offers trust and investment management, merchant and ATM processing, mortgage banking, insurance, and brokerage and leasing services. U.S. Bancorp was founded in 1863 and is headquartered in Minneapolis, Minnesota. | | View Today's Stock Pick |
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