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Banking, Economy

“Bank of America CEO Brian Moynihan says consumer spending is 20% higher this year than 2019”

“Transaction volumes on customers’ credit and debit cards and over the Zelle payment network has grown by 20% so far this year compared to this point in 2019, Moynihan told CNBC’s Becky Quick Monday on CNBC’s “Squawk Box.” The comparison… Continue Reading…

Stocks

“One record-breaking stock can rally another 140%, chart suggests”

“The S&P 500 came frustratingly close to a record high but failed to cross that hurdle. Still, several stocks have managed to make new highs this week, including ADP, Target, eBay, T-Mobile and Nvidia… “We’ve been in a massive uptrend since 2015. We don’t show resistance until about $,1650. Nvidia… Continue Reading…

Stocks

“Want to get in on hot energy stocks? Wall Street favors these 20 picks for gains up to 40%”

“Energy recovery has a long way to go The S&P 500 energy sector SP500.10, 1.09% was up 36% for 2021 through the end of May. (All price changes in this article exclude dividends.) That’s the best sector performance in the benchmark index so… Continue Reading…

Stocks

“2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’”

“Black Stone Minerals (BSM)… Unsurprisingly, Freeman rates the stock as a Strong Buy, and sets a $15 price target suggesting an upside of ~50% for the year ahead… Overall, Black Stone has attracted attention from 5 Wall Street analysts, whose… Continue Reading…

Business

“Best Buy sales jump 36% as consumers splurge on electronics, retailer raises forecast”

“Best Buy said Thursday that sales grew 36% in the fiscal first quarter as shoppers’ stimulus-fueled spending spree includedconsumer electronics. Shares of the company 3.3% in premarket trading after the home electronics and appliance retailer raised its forecast…  Chief Financial Officer… Continue Reading…

Stocks

“These energy stocks are expected by Wall Street to rise up to 37% over the next year”

“Expected earnings growth The first shows the 20 largest energy companies in the S&P 1500 by market capitalization, with their consensus earnings estimates among analysts polled by FactSet for calendar 2021 and the following three years, if available. You may… Continue Reading…

Cryptocurrencies

“Bitcoin plunges 30% to $30,000 at one point amid broad cryptocurrency sell-off”

“Bitcoin plunged to near $30,000 at one point on Wednesday morning, continuing a major sell-off in the cryptocurrency markets that began a week ago. The digital currency was down about 13% for the day shortly before noon ET at $37,490, according… Continue Reading…

Business

“Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers”

“Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. The retailer also said it is benefiting from… reopening economy and busier social… Continue Reading…

Cryptocurrencies, Predictions, Opinions, & Comments

“Dogecoin falls 15% to below 40 cents on Elon Musk’s crypto about-face”

“The price of dogecoin fell sharply Thursday morning, sliding below 40 cents per coin, after Tesla CEO and crypto booster Elon Musk announced that the automaker was suspending the use of bitcoin in payments over environmental concerns. Musk, whose car company holds billions… Continue Reading…

Economy

“April jobs report: Payrolls rose by 266,000, sharply missing estimates, as unemployment rate increased to 6.1%”

“The Labor Department released the April jobs report Friday morning at 8:30 a.m. ET. Here were the main results from the report, compared to consensus data compiled by Bloomberg: Non-farm payrolls, April: +266,000 vs. +1.000 million expected and a revised +770,000… Continue Reading…