May 24, 2021
“The Bank of England will fail to pay a dividend to the Treasury this year for the first time in living memory after struggling to break even, posing a risk to its independence. Minutes of the February meeting of the… Continue Reading…
April 15, 2021
“U.S. stocks climbed to record levels on Thursday after key companies reported strong earnings and fresh economic data pointed to a rebound in consumer spending and the jobs market. The Dow Jones Industrial Average rose 260 points to hit an… Continue Reading…
March 24, 2021
“EDITOR NOTE: Goldman Sachs, JP Morgan, and Citigroup–three of America’s largest banks–have significantly increased their stake in China, as the top five US banks, adding Morgan Stanley and Bank of American to the list, hold a whopping $77.8 billion exposure… Continue Reading…
February 22, 2021
“Airline stocks rally, led by American Airlines, after Deutsche Bank’s sector-wide upgrade to buy” “Among the biggest premarket gainers, shares of American Airlines shot up 5.8%, JetBlue Airways Corp. rallied 2.1%, Delta Air Lines Inc. rose 1.6%, Southwest Airlines Co.… Continue Reading…
January 19, 2021
“Prices already reflect a wallop of government spending and central-bank aid that can’t get much larger from here, Bank of America warns. Other market watchers are downbeat as well… At the same time, investors are now holding far less cash than they were just… Continue Reading…
December 21, 2020
“Shares of the biggest U.S. banks rallied after the Federal Reserve said it would let stock buybacks resume as soon as next month, with as much as $11 billion headed to shareholders. Goldman Sachs Group Inc. rose 6.1% at 9:47… Continue Reading…
November 17, 2020
“Wix.com, Ltd. (WIX)… Overall, Wix’s shares have a Strong Buy analyst consensus based on 8 reviews, breaking down to 7 Buys and 1 Hold. The stock is selling for $238.27, and its $323.13 average price target suggests room for 35% upside… Continue Reading…
November 13, 2020
“East West Bancorp (EWBC)… …EWBC stock surged about 35% from mid-May to mid-June around potential merger rumors. There is certainly volatility here, as evidenced by the big flop for shares in early 2020 immediately after the health crisis roiled markets.… Continue Reading…
October 27, 2020
“Banks haven’t been among the hot groups lately. But there are exceptions like SVB Financial (SIVB). The IBD SmartSelect Composite Rating for the parent of Silicon Valley Bank shot to 96 on Monday, up from 89 earlier.Volume 0%01:2301:23 The upgrade means that SIVB… Continue Reading…
October 17, 2020
“Philip Morris (PM)… Overall, the Strong Buy consensus rating on PM is based on 9 reviews, breaking 8 to 1 in Buy versus Hold. The shares are priced at $79.10 and their $93.56 average price target suggests an 18% upside… Continue Reading…
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