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ColumnsWall Street Today | Traders Ready to Embrace Riskier Assets After Debt-Cap Deal
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Biden Says Debt Ceiling Agreement Reached to Avert US Default
President Joe Biden said he and House Speaker Kevin McCarthy reached a final agreement to avert a historic US default after the two spoke again Sunday afternoon. "We've got good news. I've just spoken with Speaker McCarthy. We have a bipartisan budget agreement,” Biden said to reporters at the White House. He urged both chambers of Congress to pass th...
Biden Says Debt Ceiling Agreement Reached to Avert US Default
President Joe Biden said he and House Speaker Kevin McCarthy reached a final agreement to avert a historic US default after the two spoke again Sunday afternoon. "We've got good news. I've just spoken with Speaker McCarthy. We have a bipartisan budget agreement,” Biden said to reporters at the White House. He urged both chambers of Congress to pass th...
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ColumnsWhat to Expect in the Week Ahead (AVGO, LULU and CRM Earnings; Jobs Report, Debt Ceiling)
Investors in the week ahead should see debt ceiling worries fade during a holiday-shortened week.
Late Saturday, President Biden and House Speaker Kevin McCarthy announced a tentative debt ceiling deal set to last two years with lawmakers now set to begin the task of passing this legislation before a June 5 deadline.
U.S. stock and bond markets will be closed on Monday for Memorial Day. A busy week of earnin...
Late Saturday, President Biden and House Speaker Kevin McCarthy announced a tentative debt ceiling deal set to last two years with lawmakers now set to begin the task of passing this legislation before a June 5 deadline.
U.S. stock and bond markets will be closed on Monday for Memorial Day. A busy week of earnin...
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ColumnsWeekly Earnings Recap: Alibaba and Sea TumbleAfter Their Financial Results
$Alibaba(BABA.US$ said its fourth-quarter revenue rose by 2%, missing estimates by some analysts. Citi analysts pointed to the company's plans to increase spending to strengthen its market position in international e-commerce operations and plans to offer price discounts for cloud services as potentially squeezing margins in coming quarters, though these plans are "important for long-term success." Analysts are also parsi...
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ColumnsToday's Pre-Market Stock Movers: DIS, NKE, FTCH, DXC and More
Gapping up
$Farfetch(FTCH.US$ + soared 25.5% ( The company' s first-quarter earnings of 43 cents per share missed analysts’ estimates from Refinitiv by 1 cent. However, its revenue of $556 million was higher than Wall Street’s expectations of $513 million. )
$Bloom Energy(BE.US$ + 6.2% ( Stock soars on the back of an upgrade to overweight from neutral by JPMorgan, which said there' s a buying opportunity in the stock after a recent s...
$Farfetch(FTCH.US$ + soared 25.5% ( The company' s first-quarter earnings of 43 cents per share missed analysts’ estimates from Refinitiv by 1 cent. However, its revenue of $556 million was higher than Wall Street’s expectations of $513 million. )
$Bloom Energy(BE.US$ + 6.2% ( Stock soars on the back of an upgrade to overweight from neutral by JPMorgan, which said there' s a buying opportunity in the stock after a recent s...
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ColumnsUS Top Rating Updates on 5/19: DIS, SHAK, BX, RRC and More
$Shake Shack(SHAK.US$ Price Target Raised to $63.00/Share From $52.00 by Morgan Stanley
Shake Shack Raised to Equal-Weight From Underweight by Morgan Stanley.
$Disney(DIS.US$ downgrades to Neutral
Macquarie downgraded Walt Disney to Neutral from Outperform and cut its price target to $103.00 from $125.00, as InvestingPro reported in real time.
$Blackstone(BX.US$ Price Target Announced at $98.00/Share by Citigroup
Citigroup analyst Chr...
Shake Shack Raised to Equal-Weight From Underweight by Morgan Stanley.
$Disney(DIS.US$ downgrades to Neutral
Macquarie downgraded Walt Disney to Neutral from Outperform and cut its price target to $103.00 from $125.00, as InvestingPro reported in real time.
$Blackstone(BX.US$ Price Target Announced at $98.00/Share by Citigroup
Citigroup analyst Chr...
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ColumnsWall Street Today | Biden and McCarthy to Meet Monday on Debt Ceiling
MACRO
Biden and McCarthy to Meet Monday on Debt Ceiling
President Joe Biden and House Speaker Kevin McCarthy (R., Calif.) will meet again Monday afternoon to try to find a deal to avoid a U.S. default after their aides meet again later today to try and hammer out remaining issues, the White House said.
>>Read More
Yellen Doubts US Could Still Pay All of Its Bills by June 15
Treasury Secretary Janet Yellen said the US is unlikel...
Biden and McCarthy to Meet Monday on Debt Ceiling
President Joe Biden and House Speaker Kevin McCarthy (R., Calif.) will meet again Monday afternoon to try to find a deal to avoid a U.S. default after their aides meet again later today to try and hammer out remaining issues, the White House said.
>>Read More
Yellen Doubts US Could Still Pay All of Its Bills by June 15
Treasury Secretary Janet Yellen said the US is unlikel...
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ColumnsWhat to Expect in the Week Ahead (NVDA, COST and PDD Earnings; PCE Data, Fed Minutes)
Inflation data, Federal Reserve meeting minutes, and first-quarter earnings reports from retailers and chipmakers will be this week's highlights.
$Zoom Video Communications(ZM.US$ releases results on Monday, followed by $AutoZone(AZO.US$, $Intuit(INTU.US$, and $Lowe's Companies(LOW.US$ on Tuesday. $Analog Devices(ADI.US$ and $Snowflake(SNOW.US$ report on Wednesday.
Thursday will be busy: $Best Buy(BBY.US$...
$Zoom Video Communications(ZM.US$ releases results on Monday, followed by $AutoZone(AZO.US$, $Intuit(INTU.US$, and $Lowe's Companies(LOW.US$ on Tuesday. $Analog Devices(ADI.US$ and $Snowflake(SNOW.US$ report on Wednesday.
Thursday will be busy: $Best Buy(BBY.US$...
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StockTalk (5.22): S-REITS performed robustly in Q1 – Is Now an Ideal Time to Get In?
Good day everyone!
Welcome to StockTalk: Daily, Insightfully, Rewardingly!
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StockTalk (5.22): S-REITS performed robustly in Q1 – Is Now an Ideal Time to Get I...
Welcome to StockTalk: Daily, Insightfully, Rewardingly!
Rewards have been granted to all participants from last week already! Please check your points wallet.
[Rewards awaiting]
8 points for all mooers who participated in the poll below.
88points for mooers who share their insightful ideas by commenting down.
StockTalk (5.22): S-REITS performed robustly in Q1 – Is Now an Ideal Time to Get I...
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