Investing
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‘Dangerous times’: These aerospace and defense, cybersecurity ETFs are on ‘verge of breakouts’
[]Heightened geopolitical tensions and cybersecurity concerns may be propelling exchange-traded funds that invest in stocks linked to those areas toward potential “breakouts,” according to Renaissance Macro Research. []Shares of the First Trust Nasdaq Cybersecurity ETF CIBR, -0.61% have jumped 9.5% this year through Thursday, while the iShares U.S. Aerospace & Defense ETF ITA, -1.67% climbed…
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U.S. stocks close lower Friday, but Dow books longest weekly win streak since October after bank earnings, retail sales and Fed comments
U.S. stocks closed lower Friday as investors digested strong big bank earnings, weak retail sales, and hawkish comments from a Federal Reserve official, but all three major benchmarks booked weekly gains. How did stocks trade? The Dow Jones Industrial Average DJIA, -0.42% shed 143.22 points, or 0.4%, to close at 33,886.47. The S&P 500 SPX,…
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‘Fed-is-going-to-stop-soon’ trade peters out in stocks, bonds amid prospect of at least one more rate hike
A combination of hawkish remarks by a pair of Federal Reserve officials, solid bank earnings reports, and a rebounding consumer-sentiment reading on Friday are among the factors contributing to another abrupt readjustment in the financial market’s thinking about the path of interest rates. The sudden readjustment dented the popular view that the Federal Reserve might…
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Arrest in Cash App creator Bob Lee’s killing; tech exec Nima Momeni charged with murder
The San Francisco Police Department on Thursday arrested Nima Momeni, 38, of Emeryville, Calif., for allegedly stabbing to death tech executive Bob Lee. Mission Local, an independent local news site, first reported the arrest. City officials held a press conference Thursday afternoon, saying that the arrest occurred earlier in Emeryville, some 11 miles east of…
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The ‘fuel is there to blow the top off’ the stock market. Here’s what’s missing.
The ingredients are in place for an explosive U.S. stock-market rally, but there’s still room for doubt about whether the bears have been vanquished, a closely followed Wall Street technical analyst argued Thursday. The S&P 500 index SPX, +1.33% is headed toward a pair of important resistance levels on the price chart as it rallies…
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Why the weakness in U.S. bank stocks since the collapse of SVB is a worrisome sign on eve of bank earnings
The U.S. corporate earnings reporting season begins this week with a flurry of major U.S. banks set to report their first quarterly performance since the collapse of Silicon Valley Bank (SVB) and Signature Bank last month. JPMorgan Chase, Wells Fargo, Citi and BlackRock will be among the large financial institutions posting their earnings before markets…
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Twitter and eToro partner to let users access real-time crypto, stock data
Elon Musk’s Twitter is working with investing platform eToro in an effort to let users access stock, crypto, and other asset information in real-time, and enable the trading of these, eToro announced on Thursday. The trading information will be accessible through a feature called Cashtags, which launched in 2022 and lets users interact with information…
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This one radical change to your stock research will revolutionize the results
You can significantly improve your investment performance by expanding your definition of corporate profitability. New research finds that Wall Street has been using a restricted definition of return on equity. As a result, individual investors and professionals both have unwittingly been shunning the stocks of companies that in fact are highly profitable while favoring companies…
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Walmart borrowing $5 billion in debt highlights a thaw in a crucial area of financial markets
Mega retailer Walmart borrowed $5 billion in the corporate bond market on Wednesday, with strong investor demand dialing back borrowing costs for the national chain. Walmart WMT, a big-box retailer with AA credit ratings, was initially expected to raise about $4 billion, but increased its borrowing size and trimmed pricing after order books shaped up…
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National CineMedia goes bankrupt and the stock more than doubles on massive volume
Shares of National CineMedia Inc. have more than quadrupled in two days, as Wall Street appeared to shrug off the in-theater advertising company’s bankruptcy filing, and focused instead on the upbeat revenue outlook. “Despite a difficult advertising environment and a still-recovering box office, NCM [National CineMedia] is well-positioned within the ad delivery ecosystem as theatrical…