President Joe Biden on Wednesday called on US oil refining companies to produce more, saying they need to help alleviate the burden of high prices on consumers. “At a time of war – historically high refinery profit margins being passed directly onto American families are not acceptable,” the president said in a letter to oil … Read more
The two-week-long stock market upswing “ is part of a `non-Recession Bear Market ‘bottoming process” thats opened up opportunities in certain stocks offering value to investors. Helping to make the case for owning select stocks at current prices is that margin debt has fallen in 2022, mergers and acquisitions have revived, corporate stock buybacks “are … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures inched higher in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation. Futures on the Dow Jones … Read more
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters Check out the companies making headlines in midday trading. Boeing – Shares fell about 4% after a Boeing 737 passenger jet crashed in China with 132 people on board. China’s … Read more
Take a look at some of the biggest movers in the premarket: Citrix Systems (CTXS) – Citrix is near a deal to be taken private for roughly $ 13 billion, according to multiple media reports. The deal would see the cloud computing company acquired by Vista Equity Partners and an affiliate of Elliott Management for … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and … Read more
Jefferies screened for non-financial companies that have a strong positive correlation with the US 10-year bond yield and real yield since 2010.