Germany's 10-year yield touched a two-month high on Thursday but was broadly flat in late afternoon trading as a sentiment boost provided by positive U.S. data gradually faded away. Euro zone and U.S. bond yields edged up after data showed U.S. retail sales unexpectedly increased in August and the Philadelphia Federal Reserve business conditions index came in higher than expected. Germany's 10-year yield, the benchmark for the bloc, rose to a new two-month high at -0.283% then fell back to -0.304% at 1527 GMT, tracking the direction of travel set by U.S. Treasury yields.
Shares of Diamondback Energy Inc. charged up 4.3% in premarket trading Friday, after the oil and gas company announced a new $2 billion stock repurchase program. The company said late Thursday that the new buyback program was part of the acceleration of its plan to return 50% of free cash flow to shareholders in the fourth quarter, given strong operational performance and improved capital efficiency, as a time of that the macro backdrop is supportive. Cowen analyst David Deckelbaum said the move
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Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
- Motley Fool
In twin notes covered by StreetInsider.com yesterday, space analysts at both Cowen and Jefferies Group reiterated their confidence in Virgin Galactic Holdings (NYSE: SPCE) stock as an investment. As Cowen explained in a note that included a lowering of its price target on Virgin Galactic, while "we acknowledge near-term setbacks" -- in the form of an Federal Aviation Administration investigation into a flight plan deviation in Sir Richard Branson's July 11 flight to space, and a subsequent delay of a planned Italian Air Force mission due to a manufacturing defect in one of Virgin's spaceplane parts -- "we continue to view SPCE as an important leader in the commercial space flight industry." Arguing that Virgin's setbacks are "near term" in nature, Cowen insisted the stock should still trade above its current price, and lowered its price target only to $30 a share.
- Insider Monkey
In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday It’s another red day on Wall Street with all three major indexes lower. As […]
Evergrande, a Chinese property giant, faces defaul next week. So far, global investors have shrugged off the event, but they should be paying attention.
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Lucid Motors (LCID) shares rose 7% after a bullish Wall Street analyst note along with confirmation from the Environmental Protection Agency that the EV maker's premium tier car has a higher mile range than Tesla's model S (TSLA).
- Insider Monkey
In this article, we discuss the 10 best Robinhood stocks under $20. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Robinhood Stocks Under $20. More individual investors are investing in the stock market with the popularity of commission-free trading platforms like Robinhood Markets, Inc. (NASDAQ:HOOD). Retail investors […]
- Insider Monkey
In this article, we discuss the 10 Chinese stocks hedge funds are selling amid crackdowns. If you want to skip our detailed analysis of these stocks, go directly to the Hedge Funds are Selling These 5 Chinese Stocks Amid Crackdowns. The stocks of major China-based companies that trade on exchanges in the United States have […]
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Corvus Pharmaceuticals Inc (NASDAQ: CRVS) is surging higher Friday on abnormally high volume. The stock might be trading higher following favorable data results by AstraZeneca PLC (NASDAQ: AZN) for patients with unresectable, stage 3 non-small cell lung cancer. The average session volume over a 100-day period is about 300,000. Friday's session volume was approaching 120 million at publication time. AZN News: AstraZeneca announced that "the COAST Phase II trial showed oleclumab, an anti-CD73 mono
- Yahoo Finance Video
Stocks fell on Friday as traders continued to digest a slew of mixed economic data and its implications for monetary policy. Jim Smigiel, Chief Investment Officer at SEI and Shannon Seery, Wells Fargo Economist joined Yahoo Finance Live to discuss.
- Motley Fool
What might surprise you is that some of the biggest projected gainers are dividend stocks. Based on the highest-listed price target by an analyst or investment bank on Wall Street, the following three dividend stocks could offer upside ranging between 133% and 155%. The first company, memory and storage solutions provider Micron Technology (NASDAQ: MU), might come as a bit of a surprise because the company hasn't paid a dividend in a quarter of a century.
- Investor's Business Daily
Dow Jones Dips As White House Raises Recession Fears; Elon Musk Praises China Rivals, Tesla Slips; Apple Falls
The Dow Jones fell as Apple stock continued to dip. The White House warned of a recession. Tesla CEO Elon Musk praised its China rivals.
Zoom Video Communications Inc (NASDAQ: ZM) is trading higher Friday after the Institutional Shareholder Services recommended to vote against the company's proposed bid to acquire Five9 Inc (NASDAQ: FIVN). “The all-stock deal exposes Five9 shareholders to a more volatile stock whose growth prospects have become less compelling as society inches towards a post-pandemic environment," the Institutional Shareholder Services said. Zoom Video provides a communications platform that connects people thro
Two Wall Street analysts raised their price targets on Nvidia but the stock declined as momentum for the once red-hot shares of the graphics-chip maker continued to cool this week. Bank of America raised its price target on Nvidia (ticker: NVDA) to $275 from $260. Analyst Vivek Arya maintained his Buy rating on the stock, saying in a note, which included a larger call on the sector, that certain chip makers are benefiting from pricing power and “disciplined supply.”
Shares of Costco Wholesale Corp. are likely to dip after the membership-based warehouse retail giant reports earnings, but that when investors should buy, said long-time bullish analyst Rupesh Parikh at Oppenheimer.
- Yahoo Finance Video
Report: Invesco to merge with State Street, Manchester United shares lower on earnings loss, U.S. Steel announces new steel mill
Yahoo Finance's Brian Sozzi and Julie Hyman break down the morning's top stock movers, including Invesco, Manchester United, and U.S. Steel
(Bloomberg) -- U.S. Steel Corp. will spend about $3 billion to build a new mill, the latest sign that steelmakers are growing more comfortable that higher prices will last.The so-called mini-mill will combine two electric arc furnaces, which primarily use steel scrap and are far more energy-efficient than traditional integrated plants that are fed by coal. The company expects to begin construction in the first half of 2022 and start producing in 2024.U.S. Steel’s announcement comes as domestic f
Elon Musk calls China's auto makers 'the most competitive in the world,' highlighting crucial innovations in software.