Energy, Stocks

“Exxon and 3 Other Energy Stocks Whose Dividends Look Like They Can Weather Tough Times”

“… Durable Dividends These are among the energy companies in the S&P 500 that increased their dividends in consecutive years earlier in the pandemic. Company / Ticker Recent Price Recent Yield YTD Return Market Value (bil) Exxon Mobil / XOM… Continue Reading…

Business, Stocks

“CVS to buy home health giant Signify Health for about $8 billion”

“CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would build on its growing health-care services.… Continue Reading…

Stocks

“Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says”

“[Citi Research analyst Christopher Danley] “We maintain our belief that every company/end market will correct and we expect the SOX index to hit new lows and fall another 25%,” Danley said. Danley’s referring to the PHLX Semiconductor Index SOX, -0.28%, which is already… Continue Reading…

Stocks

“Shares of Dollar Tree fall after company cuts guidance, citing investments in competitive pricing”

“Shares of Dollar Tree fell Thursday after the company cut its financial outlook for the year, citing its investments in offering more competitive prices at its Family Dollar stores… For the second quarter, Dollar Tree said it earned $1.60 per… Continue Reading…

Stocks

“AMC shares tank more than 30% as Regal Cinemas owner warns of potential bankruptcy”

“Shares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock. AMC was down more than 30% in premarket trading, building on a loss of more than… Continue Reading…

Stocks

“Warren Buffett Finally Throws In The Towel On 4 Lousy Stocks”

“…Buffett’s Berkshire Hathaway (BRKB) sold off a least a portion of its four worst performers this year: Verizon (VZ), Store Capital (STOR), General Motors (GM) and U.S. Bancorp (USB). That’s according to an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. Berkshire Hathaway retains a portion of the… Continue Reading…

Business, Stocks

“Pharma stocks crater as investors brace for billions in heartburn drug litigation charges”

“Shares of GlaxoSmithKline, Sanofi and Haleon all sold off sharply this week, shedding tens of billions in market value, amid investor fear over potential U.S. litigation charges focused on popular heartburn drug Zantac. This has been a known issue bubbling in the background for years… Continue Reading…

Stocks

“Analysts Say These 3 Stocks Are Their Top Picks for the Rest of 2022”

“TechnipFMC Plc (FTI) …This player in the energy industry supporting cast has 4 recent analyst reviews on record, and they are unanimous that this is a stock to Buy, backing up the Strong Buy consensus rating. The shares are trading for… Continue Reading…

Stocks

“Dow pops 500 points as Wall Street applauds latest bank earnings, strong June retail sales”

“…The Dow Jones Industrial Average popped 532 points, or 1.74%. The S&P 500 jumped 1.35% and Nasdaq Composite added 1.06%, but stocks remained on track for weekly losses. A new round of bank results from Wells Fargo and Citigroup offered further insight into the state… Continue Reading…

Stocks

“Stock market: Here’s what usually happens after a 20% plunge”

“…The S&P 500 has been higher three years later in eight out of nine cases in which the index has fallen 20% or more from an all-time high going back to 1957, according to research from Truist co-chief investment officer Keith… Continue Reading…