June S&P 500 E-Mini futures (ESM24) are up +0.37%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.64% this morning as market participants looked ahead to the Federal Reserve’s second monetary policy committee decision of the year due later in the week.
Phillips 66 (PSX) shares soared 3% in the last trading session to close at $159.03. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 5.5% gain over the
Steel Dynamics (STLD) shares ended the last trading session 4.3% higher at $137.90. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6.5%
Nucor (NUE) shares rallied 3.5% in the last trading session to close at $188.48. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2
Turkey's central bank is expected to leave its key interest rate unchanged at 45% this week, holding steady for a second straight month, though most economists forecast another rate hike later this year, a Reuters poll showed on Monday.
Medifast (MED) shares ended the last trading session 5.9% higher at $36.61. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 32.8% loss o
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.
Even as the Bank of Japan prepares for a pivotal change in monetary policy, analysts say much more will need to be done to materially shift the roughly $3 trillion of yen Japanese investors have parked in global bond markets and yen trades.
Taiwan's central bank is expected to hold its policy interest rate steady this week and to stay the course until early next year as it navigates ongoing concerns over inflation, according to economists in a Reuters poll.
Netflix (NASDAQ:NFLX) stock has been a solid performer this year, rising by over 25% since early January, outperforming the Nasdaq-100, which gained about 10% over the same period. The stock is also up 2x over the past 12 months. There have been a lot of positive developments for
Visa’s stock (NYSE: V) has gained 10% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, at its current price of $285 per share, it is trading 5% below its fair value of $301 – Trefis’ estimate for Visa’s valuation.&
American Airlines (NASDAQ: AAL) stock has seen a decline of 6% in a week, after it revised its Q1’24 earnings outlook to be at the lower end of its earlier provided range of $(0.15) to $(0.35) per share, compared to a $(0.23) consensus estimate. This can be attributed to hi
Bank Indonesia will hold interest rates for a fifth month on Wednesday but cut in the second quarter of the year, according to a slim majority of economists in a Reuters poll, around the time the Federal Reserve is expected to begin its easing cycle.
High prices and inflation have emerged as a political issue ahead of presidential and congressional elections in the United States and are severely complicating the Federal Reserve’s effort to engineer a soft landing.
Japan Inc's pursuit of overseas deals is set to accelerate as the country's corporate giants come under pressure to boost capital efficiency and the central bank moves towards ditching policies that depressed the currency.
Since reporting its earnings, Coinbase stock is up over 41% in the past month. As a result, its put options have skyrocketed. Investors expect a retraction. But this is a huge opportunity for short-sellers as an income play.
We had some wild trading last week with both CPI and PPI coming in hotter than expected. CPI came in slightly elevated, and the market rallied after some initial selling.
Meta Platforms stock has held up well since its earnings release. Its out-of-the-money puts still have high premium levels. This is ideal for short-sellers as an income play, especially for existing shareholders.
After a second straight losing week for stocks, investors in search of relative safety in the market might want to consider value-priced dividend stocks - like the three income picks we've highlighted here.