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Toyota Motor CorporationNYSETM is launching a prototype mini commercial electricvanin partnership withSuzuki Motor CorporationOTCSZKMF and Daihatsu Motor Co Ltd The exhibition event was organized by the Japan Automobile Manufacturers Association JAMA along with the G7 Hiroshima Summit The van is targeted at Japan s delivery industryReutersreported The small size cars will use the BEV or Batter Electric Vehicle system powered by Toyota Motor s electrification technology Daihatsu will produce the vehicles and Suzuki Daihatsu and Toyota will each release their version within fiscal 2023 The vehicle will have a range of about 200 km per charge In a separatestatement Toyota Motor said it is launching a joint project to develop an Autonomous Light Vehicle that will run on Komatsu s Autonomous Haulage System Price ActionTM stock is trading lower by 008 to 14190 premarket on the last check Thursday Photo Via Company

Nordstrom Inc plans to be “aggressive” about getting rid of inventory as the retail company deals with weakening consumer trends especially among lower income shoppers Executives cut their forecasts for the full year Tuesday afternoon while highlighting recent challenges for the Nordstrom Rack brand given macroeconomic pressures Chief Executive Erik Nordstrom noted on the company’s earnings call that Nordstrom Rack trends “decelerated significantly in late June” and mentioned that lower income customers make up a greater portion of the Rack customer base than the core Nordstrom base “We are prioritizing actions in the short term to position our business for success in a rapidly evolving environment” he said “This means adjusting our plans for the second half aligning our expenses to those plans reducing inventory levels and exiting the year in a clean and current inventory position” Read Nordstrom stock tanks after retailer lowers outlook for the year Planned markdowns won’t just affect Nordstrom Rack as he commented that the company has “clearance in both banners that we need to clean up” The other banner is the company’s core Nordstrom brand Chief Brand Officer Peter Nordstrom added that the company would be “clearing through lower price point items at Nordstrom Rack to make room for the premium brands at great prices that drive the Rack business” The move will mean “markdown pressure” that’s expected to negatively impact gross profit by about 200 million for the second half of the year Nordstrom shares were off 18 in Wednesday morning trading and on track for their worst single day percentage decline since Nov 24 2021 when they lost 29 “The company’s higher income core customer clearly appears to be more resilient than lower income brackets that are facing greater pains from inflation” wrote William Blair analyst Dylan Carden who rates the stock at market perform “That said the degree of consumer deceleration and markdown pressures are disappointing particularly at Rack which continues to have chronic inventory issues” Cowen Co’s Oliver Chen wrote that Nordtsrom consumers seem “less responsive to clearance and markdowns compared to other commentary provided by the department store peers One reason for this is the “nature of JWN’s core customer who is typically higher income and shops for newness” in his view See more We’re done with pajamas What we need is luggage Macy’s sales show how consumer behavior is changing He keyed in on Nordstrom’s commentary that high end consumers continued shopping for more premium products while items with lower average selling prices underperformed “We remain cautious on the Rack premiumization and elevated clearance inventory but see incremental improvement in expense efficiency” Chen added while keeping a market perform rating and 24 target price on the shares Morgan Stanley’s Kimberly Greenberger was cautious on Nordstrom’s future for other reasons The company’s “merchandise skews heavily to wear to work and special occasion which have proven distinct tailwinds here in 2022 as consumers are refreshing their wardrobes after several years of WFH and events have returned to the social calendar” she wrote However this could lead to pressure next year in her view Customers “over spent” on other apparel categories outside of wear to work and special occasion clothing last year as pandemic conditions eased and now retailers specializing in those other areas are feeling a spending “reversion” Greenberger said “We worry JWN could face that same headwind in 2023 that others encountered this year” she continued Greenberger sees a “volatile” path ahead for Nordstrom and maintained an underweight rating on the stock while reducing her price target by a buck to 18

What I am looking at Tuesday Oct 18 2022 Club holding Johnson Johnson JNJ reports an impressive quarter Crimped by strong dollar But nice gains in all lines Cancer drug Darzalex and Crohn s disease drug Stelara saw robust demand Really good consumer J J going to split into a consumer company and a pharma company Trims the top end of its Q3 operational sales and adjusted earnings per share ranges The Dow stock rise more than 2 in Tuesday s premarket Activist investor Starboard takes a major stake in Club holding Salesforce CRM sees significant opportunity The Dow stock jumps in the premarket more than 5 on the news first reported by CNBC s David Faber Starboard founder and CEO Jeff Smith will be on CNBC at 1015 am ET to talk more about the new stake With Dow components J J and Salesforce up strongly futures tied to the Dow Jones Industrial Average jump more than 550 points or 19 in a broad premarket strength S P 500 futures and Nasdaq futures rise more than 2 Elevated bond yields back off On Monday Wall Street also rallied Goldman Sachs GS still making money Beat on EPS and revenue on better than expected trading results CEO David Solomon tells CNBC there s a good chance of a recession and so it s time to be cautious Growing book value Record management fees Piper Sandler oil price target boosts Club holding Pioneer Natural Resources PXD to 346 per share from 311 Huge boost Keeps overweight buy rating Club holding Devon Energy DVN to 96 from 94 Citi also gets more bullish on oils Exxon Mobil XOM price target boost to 98 per share from 90 ConocoPhillips COP to 132 from 115 Chevron CVX to 155 from 150 Deutsch Bank cuts several semiconductor stocks price targets Club names Qualcomm QCOM to 160 per share from 170 Marvell Technology MRVL to 55 from 65 Nvidia NVDA to 140 from 165 Advanced Micro Devices AMD to 70 from 80 We sold some AMD on Monday in our ongoing effort to reduce our exposure to chipmakers Club holding Microsoft MSFT cuts people continues to invest but calls for slowest quarterly revenue growth in more than five years Microsoft is set to report earnings after the closing bell on Oct 25 Deutsch Bank cuts price target to 315 per share from 330 Best house in bad neighborhood Barclays goes to 310 from 335 Both Wall Street firms keep the buy equivalent ratings on the stock In a commentary Monday we looked at how the personal computer slowdown is impacting Microsoft Barclays cuts price target on Charles Schwab SCHW to 73 per share from 81 May need a capital raise Barclays likes medical devices Boston Scientific BSX top pick Wedbush downgrades Carvana CVNA to neutral hold from buy Catch up price target cut to 15 per share from 50 The stock rose 6 to 18 per share Monday and adds another 3 in the premarket But shares are still down 90 year to date Barclays cuts price target on Unity Software U to 33 per share from 49 Big gains in the stock Monday and in Tuesday s premarket But still down around 75 year to date Odd call ServiceNow NOW price target raised at Barclays to 501 per share from 495 keeps overweight buy rating Intel INTC will get much less for Mobileye unit looking for a value of about 16 billion in its initial public offering according to an SEC filing Talk of a 50 billion value not too long ago Citi says favorable set up for Tesla TSLA going into quarterly print which comes after the closing bell Wednesday Set up balance if not slightly positive analysts there say Citi keeps sell rating and price target of 14133 per share Jim Cramer s Charitable Trust is long JNJ PXD DVN QCOM MRVL NVDA AMD and MSFT See here for a full list of the stocks As a subscriber to the CNBC Investing Club with Jim Cramer you will receive a trade alert before Jim makes a trade Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust s portfolio If Jim has talked about a stock on CNBC TV he waits 72 hours after issuing the trade alert before executing the trade THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY TOGETHER WITH OUR DISCLAIMER NO FIDUCIARY OBLIGATION OR DUTY EXISTS OR IS CREATED BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED What I am looking at Tuesday Oct 18 2022

Linde PLCNYSELIN disclosed signing several contracts withWanhua Chemical Groupto extend the collaborationacross multiple significant sites in China Linde will acquire three air separation units ASUs from Wanhua including two currently under construction and expected to start in 2024 and 2025 respectively Also Linde will ink a long term deal with Wanhua to supply industrial gases to their chemical production sites through the ASUs further boosting its network density in Fujian province Apart from this Linde also expanded its long term industrial gas supply contract with Wanhua at Ningbo and Yantai including decarbonization investments to cut carbon dioxide equivalent emissions by about 500000 tons annually These high quality investments not only meet our strict investment criteria but also support our sustainability goals while securing future growth Strategically they enhance our network density in key industrial areas in China said John Panikar Executive Vice President APAC Also ReadLinde Ramps Up Capacity Of Samsung Display On Site Facility In South Korea Price Action LIN shares are trading higher by 052 at 37264 on the last check Tuesday

China s long awaited decision allowing tour groups from the mainland to travel to Macao sent shares of casino companies with operations in the Asian gambling hub soaring Monday Wynn Resorts WYNN was among them jumping 13 We have held on to a small position in Wynn on the expectation it would benefit once China ultimately eased some of its draconian Covid rules that have severely limited travel to and from the mainland Macao is a special Chinese administrative region Wall Street analysts were bullish on the news issuing decisive takes on Wynn s likely rebound JPMorgan said the policy shift which is the first move to allow e visas and group tours in Macau since the beginning of the pandemic is a positive development that investors weren t expecting Citi increased Wynn s price target to 91 up from from 8750 A research note by Jeffries called the announcement the moment we ve been waiting for Analyst David Katz rerated Wynn higher to buy from hold with a price target of 75 a roughly 21 increase The bank predicted Wynn revenues could increase by 35 in 2023 China s efforts to tepidly ease Covid restrictions is a helpful catalyst for casino companies doing business in Macao that could prove a turning point for Wynn whose earnings have been under pressure Macao is planning to welcome back Chinese tourists in November In its fiscal second quarter earnings ending June 30 Wynn missed on expectations for top line growth bringing in 9088 million in total revenue compared with analyst predictions of 987 million according to FactSet At Wynn Macao operating revenue was 586 million a decline of about 68 year on year Bottom line We ve held our small position in Wynn because we have viewed the reopening of Macao as a when not if scenario It s been clear that China can t maintain its so called zero Covid policy much longer without risking the further deterioration of its economy The news from the weekend was welcomed as it finally puts a light at the end of what has been a dark tunnel We still have questions around the pace of the reopening and the upcoming concession renewal process with Macao authorities but we think the pent up demand will be significant Jim Cramer s Charitable Trust is long WYNN See here for a full list of the stocks As a subscriber to the CNBC Investing Club with Jim Cramer you will receive a trade alert before Jim makes a trade Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust s portfolio If Jim has talked about a stock on CNBC TV he waits 72 hours after issuing the trade alert before executing the trade THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY TOGETHER WITH OUR DISCLAIMER NO FIDUCIARY OBLIGATION OR DUTY EXISTS OR IS CREATED BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED

The QRAFT AI Enhanced US Large Cap Momentum ETF NYSEAMOM has added electrical solutions providerAtkore Inc NYSEATKR shares to its holdings during December with the stock being the seventh largest holding with a weight of 38 Atkore shares have gained over 21 in the last month Shares of the company have been rallying after it reported fourth quarter FY22 sales growth of 114 year on year to 103 billion beating the consensus of 98180 million Also Read How To Invest In Startups AMOM also added positions in Fair Isaac Corporation NYSEFICO and Gartner Inc NYSEIT during the month according to information provided by the company From a sectoral point of view the ETF has added significantly to Information Technology and Industrials to its portfolio during the month Qraft which was founded in South Korea in 2016 uses AI techniques including machine learning and deep learning for its investment decision making The fund gained prominence with its bets on Tesla Incvia AMOM and correctly predicting changes in the trading prices of the stock AMOM seeks to invest in US large cap momentum stocks by capitalizing on the movement of existing market trends Major Removals Among names that were removed from the portfolio were Coca Cola CoNYSEKO which previously formed 26 of the portfolio AMN Healthcare Services IncNYSEAMN and Diamondback Energy Inc NASDAQFANG During the month AMOM reduced allocation to the Materials and Healthcare sectors Top Holdings Walmart Inc NYSEWMT and Exxon Mobil Corp NYSEXOM are the top holdings of the ETF as of December Read Next Alibaba Up Nearly 2 Nio Down 1 What s Weighing On Hong Kong Stocks Today

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Resources Connection Inc NASDAQRGP reported better than expected Q3 results Resources Connection reported quarterly earnings of 037 per share beating analysts’ estimates of 032 per share The company’s quarterly sales came in at 18678 million versus expectations of 18392 million Resources Connection shares dropped 28 to close at 1662 on Tuesday and lost 07 in today’s pre market trading session These analysts made changes to their price targets on Resources Connection following the release of guidance Baird cut the price target on Resources Connection from 21 to 18 Baird analyst Mark Marcon maintained a Neutral rating JP Morgan slashed the price target on Resources Connection from 18 to 15 JP Morgan analyst Andrew Steinerman maintained an Underweight rating Read More Electronic Arts Marriott International And 2 Other Stocks Insiders Are Selling

The numbers Americans boosted spending by 09 in April as they went out to eat rented hotel rooms and bought more new cars suggesting the economy was still expanding at a steady clip Economists polled by The Wall Street Journal had forecast a 07 rise in spending Higher prices due to inflation only accounted for a small part of the uptick in spending A key measure of inflation included in the report rose by 02 last month government figures showed Yet after factoring in inflation consumer spending still rose at a robust pace What’s given Americans some extra cushion to spend are higher wages Incomes rose 04 in April reflecting a tight labor market in which employers have to pay more to retain workers Millions of Americans have quit one job for another and gotten a raise in the process Big picture The US is facing stiff headwinds from high inflation and rising mortgage rates but the strongest labor market in decades is keeping the economy afloat Americans feel secure in their jobs and are raking in higher pay though not enough to fully offset higher prices The economy is likely to keep forging ahead so long as that remains the case Market reaction The Dow Jones Industrial Average DJIA and SP 500 SPX were set to open higher in Friday trades

BUCHAREST Feb 25 Reuters Central European currencies and stocks recovered somewhat on Friday from a sharp sell off in the previous session after Russia invaded Ukraine as markets awaited further developments on the conflict Global equity markets rose on Friday taking some hope in coordinated Western sanctions against Russia and indices in Warsaw WIG20 and Budapest BUX gained more than 5 after posting their steepest declines in two years on Thursday Analysts warned that sentiment was fragile due to worries that the fallout from the invasion will add to inflationary pressures via higher energy costs and drag on growth Central banks around the region have already delivered sharp rate rises since last year to quell inflation at multi year highs Among currencies the Hungarian forint had risen 09 against the euro to 36805 by 1041 GMT and the Polish zloty led gains with a 11 rise The two currencies saw their biggest one day drop in over a decade in the previous session With commodity prices rising sharply and the forint depreciating significantly the probability of inflation rising even more than we expect has increased Morgan Stanley said The central bank NBH has not made any statement yet but we currently expect it to stick to its plan for further tightening ahead despite the sharp increase in uncertainty and the deterioration in the growth outlook Most of central Europe s countries border Ukraine and countries like Poland Romania Hungary and Slovakia have been taking in people fleeing the conflict read more While markets calmed somewhat on Friday Commerzbank said it estimated the next wave of euro and CEE weakness in markets could come if Russia retaliated by cutting off gas supplies CEE would be affected more notably than the euro It is not just about the geographical vicinity to the theatre of war but also about where gas shortages are most likely to occur if Europe was increasingly dependent on uncertain LNG imports” it said Amid other trading the Czech crown which had weakened less than peers on Thursday was up 02 and still near the 25 per euro level it hit in the previous session The Romanian leu was steady Bank CSOB estimated that if Czech inflation would be pushed higher by 2 3 percentage points by the economic fallout of the conflict then it could cut up to 15 percentage points off economic growth Reporting by Luiza Ilie in Bucharest Jason Hovet in Prague and Krisztina Than in Budapest Editing by Amy Caren Daniel

Bond yields were mixed on Tuesday after jumping in the previous few sessions following robust economic data Treasury yields were mixed after bouncing over the past two trading days in response to signs the US economy remains in decent condition Two year US government bond yields which are particularly sensitive to monetary policy moves are up more than 15 basis points from their Friday lows after solid jobs data that day was followed up on Monday by a better than expected survey of service sector activity Together the reports raised fears that the Federal Reserve may need to continue increasing borrowing costs for longer even as slows the pace of rate hikes Markets are pricing in a 794 probability that the Fed will raise interest rates by another 50 basis points to a range of 425 to 450 after its meeting on December 14th according to the CME FedWatch tool The central bank is expected to take its Fed funds rate target to 50 by June 2023 according to 30 day Fed Funds futures US economic updates set for release on Tuesday include the trade deficit for October due at 830 am Eastern There are no Fed officials due to speak as the central bank is making no comment until after next week’s FOMC meeting What are analysts saying “A snapshot from the services industry showed consumer resilience was strong This has fueled speculation that the US central bank will have to be more Scrooge like and make borrowing even more expensive to rein in inflation” said Susannah Streeter senior investment and markets analyst at Hargreaves Lansdown “Companies still appear to be dealing with pent up demand with the ISM reading showing the services sector is expanding merrily With central bank policies so far having meagre impact on the jobs market the chances of a 075 rate hike being announced on the 14th are now considered to be higher The potential effect of another rapid tightening round has led to jitters about repercussions for the global economy” Streeter added

Although US stocks closed higher on Wednesday there were a few notable insider trades When insiders purchase shares it indicates their confidence in the company s prospects or that they view the stock as a bargain Either way this signals an opportunity to go long on the stock Insider purchases should not be taken as the only indicator for making an investment or trading decision At best it can lend conviction to a buying decision Below is a look at a few recent notable insider purchases For more check out Benzinga s insider transactions platform Embecta The Trade Embecta Corp NASDAQEMBC Director David Melcher acquired a total of 3100 shares an average price of 3251 To acquire these shares it cost around 10078 thousand What’s Happening Embecta reported better than expected Q1 adjusted EPS and sales results and raised FY23 guidance What Embecta Does Embecta Corp is a medical technology company The company develops innovative technology services and solutions that help advance both clinical therapy for patients and clinical processes for healthcare providers Roper Technologies The Trade Roper Technologies Inc NYSEROP Director Richard Wallman acquired a total of 1000 shares at an average price of 42495 To acquire these shares it cost around 42495 thousand What’s Happening Roper Technologies recently reported fourth quarter FY22 adjusted revenue growth of 14 year over year to 143 billion which was in line with the consensus What Roper Technologies Does Roper is a diversified technology company that operates through three segments application software network software and systems and technology enabled products Don’t forget to check out our premarket coverage here VF Corporation The Trade VF Corporation NYSEVFC Director Juliana Chugg bought a total of 15000 shares at an average price of 2669 To acquire these shares it cost around 40031 thousand What’s Happening The company recently posted upbeat quarterly earnings What VF Corporation Does VF designs produces and distributes branded apparel and accessories Its largest apparel categories include action sports outdoor and workwear Check This Out NVIDIA Options Traders See Stock Moving Higher Through Friday

A fresh high eluded European stocks throughout the last few weeks of 2021 but the region’s main index came out swinging on Monday tapping a new high for the first trading day of 2022 The Stoxx Europe 600 index SXXP rose 04 to 48978 but hitting a high of 49143 The index last hit a record close on Nov 17 2021 of 48995 It finished out 2021 with a gain of just over 22 the biggest one year percentage gain since 2019 London stocks were closed for an extended New Year’s break while Germany’s DAX DAX surged 09 and the French CAC 40 PX1 climbed 1 Banks food companies autos and insurers were driving the positive action While COVID 19 cases sparked by the omicron variant continue to rip across Europe and the rest of the world investor confidence that global economies can withstand the latest wave continued to drive markets higher such as was seen in late 2021 Wall Street got off to a muted start with gains for the Nasdaq Composite COMP which took some wind out of Europe’s sails Airlines were also climbing with demand high over the holiday season even though COVID triggered staffing shortages and weather issues triggered thousands of global cancellations on Sunday Deutsche Lufthansa shares LHA were among the best performers and Aeroports de Paris ADP rose 4 Shares of Volvo VOLCARB and Porsche Automobil PAH3 were up 7 and 4 respectively Stock in Iveco Group slumped 11 in the first day of trading after the maker of commercial and specialty vehicles split from CNH Industrial CNHI Zurich Insurance ZURN shares rose 1 The Swiss insurer said its subsidiary Zurich Investments Life SpA agreed to sell its Italian life and pension back book to GamaLife in a deal that should release 12 billion in capital

According to Benzinga Pro following are the gainers and losers in Insurance industry for today s Intraday session Hippo Holdings stock rose 3024 to 161 during Friday s regular session Trading volume for this security as of 1240 EST is 38 million which is 1743 of its average full day volume over the last 100 days The company s market cap stands at 9104 million As per the news the Q1 earnings report came out today BRP Group stock moved upwards by 1418 to 2286 As of 1240 EST BRP Group s stock is trading at a volume of 6132K which is 1036 of its average full day volume over the last 100 days The market value of their outstanding shares is at 13 billion The company s Q1 earnings came out 3 days ago Root stock moved upwards by 1138 to 137 As of 1240 EST this security is trading at a volume of 17 million shares making up 492 of its average full day volume over the last 100 days The company s market cap stands at 3486 million Ryan Specialty Gr Hldgs stock rose 1129 to 3793 Trading volume for this security as of 1240 EST is 5990K which is 1181 of its average full day volume over the last 100 days The company s market cap stands at 41 billion The company s Q1 earnings came out yesterday Marpai stock increased by 931 to 101 Marpai s stock is trading at a volume of 541K shares as of 1240 EST This is 622 of its average full day volume over the last 100 days The company s market cap stands at 195 million As per the press release Q1 earnings came out 2 days ago FG Financial Gr shares moved upwards by 849 to 281 The current volume of 14K shares is 37 of FG Financial Gr s average full day volume over the last 100 days last updated at 1240 EST The company s market cap stands at 171 million Conifer Holdings stock fell 888 to 154 during Friday s regular session Conifer Holdings s stock is trading at a volume of 42K shares as of 1240 EST This is 673 of its average full day volume over the last 100 days The market value of their outstanding shares is at 149 million As per the news the Q1 earnings report came out 2 days ago Hallmark Financial Servs shares decreased by 71 to 294 The current volume of 684K shares is 1439 of Hallmark Financial Servs s average full day volume over the last 100 days last updated at 1240 EST The market value of their outstanding shares is at 532 million As per the news the Q1 earnings report came out yesterday Citizens stock fell 158 to 312 As of 1240 EST this security is trading at a volume of 674K shares making up 569 of its average full day volume over the last 100 days The company s market cap stands at 1585 million ProAssurance shares fell 153 to 2129 Trading volume for this security as of 1240 EST is 888K which is 476 of its average full day volume over the last 100 days The market value of their outstanding shares is at 11 billion As per the press release Q1 earnings came out 4 days ago NI Holdings stock fell 147 to 1714 As of 1240 EST this security is trading at a volume of 16K shares making up 190 of its average full day volume over the last 100 days The market value of their outstanding shares is at 3638 million Kemper Corporation 5875 Fixed Rate Reset Junior Subordinated Debentures due 2062 shares decreased by 108 to 2398 The current volume of 42K shares is 61 of Kemper Corporation 5875 Fixed Rate Reset Junior Subordinated Debentures due 2062 s average full day volume over the last 100 days last updated at 1240 EST This article was generated by Benzinga s automated content engine and reviewed by an editor

Gold prices declined on Tuesday poised to finish at their lowest in more than two years as investors wait for the Federal Reserve to raise interest rates and deliver updated economic projections on Wednesday What analysts are saying It has been a rough month for the precious metal due to a stronger dollar and rising Treasury yields said Lukman Otunuga manager market analysis at FXTM After tumbling below the 1700 psychological level last week it feels like bears have won the battle in September However the war still rages on with various fundamental forces influencing gold prices he wrote in a market update For now gold remains trapped within a short term range below key resistance said Otunuga Sustained weakness below 1680 could open the doors toward levels below 1659 which is a level not seen since early April 2020 Much of the attention in the US has been focused on the Federal Reserve as investors await Wednesday s decision on rates The market widely expects the Fed to raise its benchmark interest rate by 075 percentage points amid efforts to cool inflation ReadFed to put a firm foot on the brake pedal this week Still a team of precious metals analysts at Commerzbank this week blamed increasingly hawkish rhetoric out of the European Central Bank for adding to gold s woes They also noted that the rest of the precious metals complex has managed to avoid the latest bout of weakness that has weighed on gold largely because speculators have been placing fewer bearish bets

A rising share of homeowners are spending tens of thousands of dollars on their houses Many homeowners today are spending tens of thousands of dollars remodeling and renovating their homes purchased during the pandemic According to a report by Houzz the median amount spent by homeowners on renovations last year was 22000 The amount spent was up 22 from last year when homeowners typically spent 18000 on remodeling Nearly 3 in 5 homeowners had remodeled or decorated last year and nearly half made repairs the report noted Some homeowners are shelling out the big bucks it added The share of homeowners spending 50000 or more rose in 2022 the report noted from 26 in 2021 to 32 last year And some are spending as much as 140000 or more on home projects Houzz said at the 90th percentile The most popular areas that homeowners choose to renovate include the kitchen and bathroom These areas also require the highest amount of spending The median expense of renovating a primary bathroom was 13500 and a kitchen 20000 With 85 of homeowners having secured a mortgage rate that s below 5 there s a lot of opportunity for remodeling and repair work Eric Finnigan VP of research and demographics at John Burns Real Estate Consulting told MarketWatch Finnigan expects remodeling to cool this year as homeowners cool off on spending amid declining home values and high interest rates But what comes after will be big he added a historic long term remodeling boom kicks off in the second half of the 2020s Finnigan said Baby boomers aged 55 to 74 were leading in renovation activity followed by Generation Xers aged 40 to 54 and millennials aged 25 to 39 This content was created by MarketWatch which is operated by Dow Jones Co MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal

TOKYO Nov 15 Reuters The European Central Bank ECB will probably continue to raise interest rates beyond 2 but jumbo rate hikes will not become a new habit France s central bank chief said in a speech in Tokyo on Tuesday The ECB has increased rates at its fastest pace on record recently hiking them by a combined 200 basis points to 15 in just three months We are clearly approaching what I would call the normalisation range which can be estimated at around 2 We should reach this level by December French central bank Governor Francois Villeroy de Galhau said in the speech Beyond this level we will probably continue to raise rates but we may do so in a more flexible and possibly less rapid manner Jumbo rate hikes will not become a new habit

Markets are grappling with recession fears and the prospect of sticky inflation Market veterans have been warning that stubbornly high inflation could trigger a recession this year And some predict that earnings per share estimates have further to fall But there s a way to protect your portfolio buy shares in companies with resilient margins Goldman Sachs said in a recent note Gross margin is one closely watched profitability metric It can be used to determine a company s pricing power in other words its ability to maintain or raise prices without reducing demand making it particularly important in times of inflation CNBC Pro screened FactSet for stocks expected to have gross margins of more than 50 this year and predicted to rally by the same magnitude They also got a buy from at least 40 of analysts who cover them These are 10 global stocks under the MSCI World index that meet those criteria A few stocks in the screen stood out for the high analyst expectations they got on all three criteria Cybersecurity firms CrowdStrike and Palo Alto Networks were two of them Palo Alto s CEO earlier said it was seeing tailwinds from customers looking to slash costs in the worsening economy While CrowdStrike said earlier in December that new earnings growth had slowed some investors were still optimistic on the stock Josh Brown and Cathie Wood snapped up more of the stock with Brown saying he views CrowdStrike as a long term prospect More than 80 of analysts covering those two stocks gave them a buy rating And on the whole analysts expect both firms gross margins to grow by more than 70 in 2023 according to FactSet Wall Street has been particularly bullish on the cybersecurity sector this year even amid a volatile market Two stocks in the list stood out not just for high expected gross margin growth and upside but also for receiving a buy rating from all analysts who cover them according to FactSet They are Hong Kong listed firms shipping company SITC International Holdings and real estate services firm ESR Group Match Group which operates online dating platforms such as Tinder and Hinge made the list Analysts have been bullish on the stock with KeyBanc Capital Markets and Piper Sandler giving it an overweight rating in December notes KeyBanc noted that Tinder continues to lead the market in terms of its share of downloads in both North America and globally Specifically Tinder has more global monthly downloads than Bumble and Hinge combined We view this as a good demonstration of Tinder s global scale and believe the brand will likely be the largest beneficiary of favorable trends in FX given international exposure KeyBanc analysts wrote With travel resuming online travel platform Expedia received one of the highest projections of gross margin growth in the year ahead from analysts at about 85 and 51 average upside according to FactSet Financial services firm BTIG gave Expedia a buy rating in a December note and a price target of 150 or 72 upside

If history is any guide there may be trouble ahead for shares of Leidos Holdings NYSELDOS A so called death cross has formed on its chart and not surprisingly this could be bearish for the stockWhat To Know Many traders use moving average crossover systems to make their decisionsWhen a shorter term average price crosses above a longer term average price it could mean the stock is trending higher If the short term average price crosses below the long term average price it means the trend is lowerWhy It s Important The 50 day and the 200 day simple moving averages are commonly used The death cross occurs when the 50 day moves below the 200 day This could mean the long term trend is changingThat just happened with Leidos Holdings which is trading around 9123 at publication time Remember Seasoned investors don t blindly trade Death CrossesInstead they use it as a signal to start looking for short positions based on other factors like price levels and company fundamentals eventsFor seasoned investors this is just a sign that it might be time to start considering possible short positionsWith that in mind take a look at Leidos Holdings s past and upcoming earnings expectations QuarterQ2 2022Q1 2022Q4 2021Q3 2021 EPS Estimate156150160162 EPS Actual159158156180 Revenue Estimate352B338B351B360B Revenue Actual360B349B349B348B Do you use the Death Cross signal in your trading or investing Share this article with a friend if you found it helpfulThis article was generated by Benzinga s automated content engine and reviewed by an editor

US stocks traded higher midway through trading with the Nasdaq Composite gaining around 05 on Wednesday The Dow traded up 053 to 3513716 while the NASDAQ rose 048 to 1442274 The SP 500 also rose gaining 043 to 457442 Check This Out Tesla Likely To Report Higher Q2 Earnings Here s A Look At Recent Price Target Changes By The Most Accurate Analysts Leading and Lagging Sectors Utilities shares climbed by 11 on Wednesday In trading on Wednesday materials shares fell by 05 Top Headline MT Bank Corporation NYSEMTB reported better than expected second quarter results MT Bank reported quarterly revenue of 260 billion beating the consensus of 239 billion EPS was 512 beating the consensus of 411 Equities Trading UP Harrow Health Inc NASDAQHROW shares shot up 17 to 2134 after the company acquired US Canadian rights to certain eye disease products and announced a 60 million equity offering Shares of Panbela Therapeutics Inc NASDAQPBLA got a boost shooting 33 to 275 after the company divested certain assets in its eflornithine pediatric neuroblastoma program to US WorldMeds for 95 million Carvana Co NYSECVNA shares were also up gaining 28 to 5104 after the company reported better than expected second quarter sales and guided positive adj EBITDA for the third quarter Carvana entered into distribution agreement with Citigroup Moelis relating to offering of up to 1 billion of class A common stock Equities Trading DOWN Sono Group NV NASDAQSEV shares dropped 34 to 02213 after the company received a notice of delisting from the Nasdaq Shares of Amarin Corporation plc NASDAQAMRN were down 23 to 110 after the company initiated an organizational restructuring program and issued lower interim second quarter revenues Aqua Metals Inc NASDAQAQMS was down falling 19 to 13699 Aqua Metals prices 174 million public offering of 1582 million shares of common stock at a price of 110 per share Also Check This Out Top 5 Risk Off Stocks That May Crash This Month Commodities In commodity news oil traded up 12 to 7667 while gold traded down 02 at 197730 Silver traded up 04 to 2536 on Wednesday while copper fell 08 to 37995 Euro zone European shares were higher today The eurozone’s STOXX 600 rose 047 London’s FTSE 100 gained 22 while Spain’s IBEX 35 Index gained 006 The German DAX gained 014 French CAC 40 rose 034 and Italy’s FTSE MIB Index rose 019 The consumer price inflation rate in the Eurozone was confirmed at 55 in June notching the lowest level since Jan 2022 Construction output in the Eurozone increased 01 from the prior year in May compared to the revised 04 growth in the earlier month Passenger car registrations in the European Union jumped 178 year over year to 1 million units in June Consumer price inflation in the UK fell to 79 in June recording the lowest level since March 2022 while producer inflation slowed to 01 year over year in June compared to a revised 27 in the prior month Asia Pacific Markets Asian markets closed mostly higher on Wednesday with Japan’s Nikkei 225 gaining 124 China’s Shanghai Composite Index falling 033 and Hong Kong’s Hang Seng Index gaining 003 India’s SP BSE Sensex meanwhile rose 045 The Reuters Tankan sentiment index for manufacturers in Japan declined to a reading of 3 in July versus 8 in June Economics Mortgage applications in the US rose 11 in the week ended July 14 2023 versus a 09 growth in the prior week Housing starts in the US fell by 8 month over month to an annualized rate of 1434 million in June compared to market estimates of 148 million Building permits in the US fell by 37 to an annual rate of 144 million in June US crude oil inventories fell 700000 barrels last week the EIA said Now Read This Coinbase Global Moderna And 2 Other Stocks Insiders Are Selling COVID 19 Update The US has the highest number of coronavirus cases and deaths in the world reporting a total of 107400110 cases with around 1168940 deaths India confirmed a total of at least 44994920 cases and 531910 deaths while France reported over 40138560 COVID 19 cases with 167640 deaths In total there were at least 691724010 cases of COVID 19 worldwide with more than 6900710 deaths

MADRID March 2 Reuters European Central Bank President Christine Lagarde said on Thursday that further interest rate hikes are possible after March depending on the incoming data At this point in time it s possible that we will continue on this path after March Lagarde told Spanish TV channel Antena 3 The real honest answer is that it will depend on the data Reporting By Jesus Aguado and Emma Pinedo Writing by Francesco Canepa in Frankfurt

Shell PLCNYSESHEL andBP PLCNYSEBP have reportedly filed arbitration claims separately against the US exporterVenture Global LNG for failure to supply contracted cargoes The lawsuit stated that Venture Global delivered to non contract customers as prices escalated on Russia s gas supply cuts to Europe reportedReuters citing people familiar with the matter According to the report Shell and BP lost billions of dollars in revenues to Venture Global LNG due to not attaining the contracted fuel Earlier other such cases were filed by Italian utility companyEdison InternationalNYSEEIX and Spanish energy firmRepsol SAOTCREPYY against Venture Global Last week Shell updated the production outlook to be 950 990 thousand boed vs 920 980 thousand boed expected earlier and LNG liquefaction volumes of 69 73 MT vs68 74 MT expected earlier Also ReadBP Unit Slapped With 40M Fine For Air Pollution Charges At Indiana Based Refinery Price Action SHEL shares are trading higher by 133 at 6168 and BP shares are trading up 214 at 3668premarket on the last check Tuesday

SYDNEY March 29 Reuters A measure of Australian consumer prices rose by less than expected in February thanks in part to a sharp retreat in holiday travel and accommodation adding to the case for a pause in interest rate hikes next month Data from the Australian Bureau of Statistics on Wednesday showed its monthly consumer price index CPI rose 68 in the year to February compared to 74 the previous month and market forecasts of 71 The monthly CPI index rose 02 in February from January Prices excluding volatile fruit vegetables and fuel rose 69 in the year to February down from 75 in January

Want to jump straight to the best Most of our users prefer Robinhood for 0 commissions on stock trading It is no secret that the last year was exceptional for stock investors Even a passive investment in a broad market index like SP 500 gained 287 including dividends Read on to learn about the best bear market stocks where to look for the opportunities and how to decide which ones are the best Bear Market Stocks to Watch Out for This Year Among several sectors these stocks might help you protect in the bear market Since 1962 Walmart has been one of the staple American brands Originally known as Wal Mart Stores the company expanded from Arkansas throughout the entire US and beyond The company operates over 11400 stores in 26 countries focusing on the membership segment Sam’s Club and achieving significant e commerce growth Although the company is trading at an elevated price to earnings PE ratio 491 its growth should outpace the industry while its returns on capital are above average Meanwhile it has a solid balance sheet as it reduced debt over the last 5 years Finally the stock pays a safe 15 dividend which has increased over the years MDU Resources Group has a century old tradition in the utility sector Starting as an electricity distributor it added natural gas in the 1930s It has been trading on the New York Stock Exchange since 1948 under the ticker MDU Currently it is trading at a PE ratio of 156 which is well below the sector average 229 With a growth forecast of 106 the company should outperform the industry 68 Meanwhile it maintains a solid balance sheet and pays a stable 28 dividend Medtronic is a 143 billion corporation that develops manufactures and distributes medical devices worldwide Initially based in Minneapolis after the acquisition of Covidien it moved the legal headquarters to Dublin Ireland At the moment with a PE ratio of 304 the company is trading below its industry average of 484 Although its forecast growth is mediocre the company has a strong balance sheet as it gradually reduced debt over the last five years Furthermore it pays a safe 237 dividend which is well above the industry’s average 13 Verizon Communications Inc is an American telecommunication conglomerate created in 1984 as Bell Systems split into 7 companies One of them Bell Atlantic eventually rebranded as Verizon and became the second largest wireless carrier in the US The stock is listed on The New York Stock Exchange and Nasdaq exchange a rare case of dual stock listing in the home country Verizon stock is far from exciting and it is often a subject of criticism due to its stagnant performance Yet it is one of the stocks that often pops up in dividend related discussions It yields 48 which is below the industry standards but it shines for safety and potential growth Schlumberger Limited is the leading oilfield services company in the world Originating in France the company gained a foothold in the US as early as 1929 Nowadays it boasts a workforce of 86000 and a market cap of 467 billion The stock trades with a PE ratio of 292 slightly below the industry average of 317 However it has a bright growth forecast at 261 Like many companies in the sector Schlumberger increased debt through 2020 while reducing the dividend The latter has since somewhat recovered and yields 15 While there is no guarantee that the history will repeat these sectors have outperformed during the market downturns in the past Consumer Staples As the most notable sector during market declines consumer staples cover the essentials that have relatively inflexible demand You might immediately think about the toilet paper hoarding during the decline of 2020 and that is precisely the scenario Utilities This sector consists of the companies that provide essential services like electricity natural gas or water Naturally these relatively stable investments tend to do well in downturns Furthermore this sector has above average dividend yields Healthcare Health is wealth Thus it remains a priority in the face of economic downturns Companies that make up the healthcare sector range from drug manufacturers and medical insurers to medical equipment and healthcare facilities Telecom As the world gets more interconnected it becomes more reliant on communication services The global pandemic and subsequent popularization of remote work is the best example of this sector’s importance The telecommunication sector historically outperformed during the majority of downturns and it has high average dividend yields Energy This sector consists of companies involved in producing and selling energy including companies that deal with fossil fuels renewable energies and nuclear power The energy sector is situational in downturns because it requires a bigger picture outlook For example in the 2020 downturn oil futures prices went negative for the first time in history while the price of natural gas remained in consolidation The easiest and most convenient way to buy a stock is through a brokerage a regulated intermediary between you the investor and the stock market Nowadays you can buy and sell stocks through web platforms and phone apps Check out our broker comparison table below if you are a first time investor or are looking for a new brokerage Step 2 Decide how many shares you want The number of shares to buy depends on share price portfolio size and risk management strategy Prices per single share can vary so if you’re planning on investing fixed amounts periodically using a broker that allows fractional share buying might be a good idea There is more than one way to instruct your broker on buying shares Before investing you should understand the following basics Market order The simplest way to trade on the market This order instructs your broker to buy or sell shares immediately regardless of price It is the fastest way but you might get a slightly worse entry price Limit order This order goes through only at a certain level or better For example if the stock trades at 51 and you put in a limit order at 5050 it will execute only if the price falls and reaches that level Bid This amount is the greatest price a buyer is willing to pay at the moment Ask This amount is the smallest price at which the seller is selling at the moment Spread This term represents the amount between the bid and the ask For example if the bid for the stock is 5030 and the ask is 5033 then the spread is 003 A narrow spread is a sign of good liquidity in the market After you have selected and executed the trade the broker will process the order for you Check your broker’s statements which will show that you officially own the shares when the order has been filled Features to Look for in Bear Market Stock Consider the following factors when discussing the picks for the next market downturn Historical resilience Sectors behave differently in certain market conditions Consumer staples and utilities have done the best in the last several downturns with healthcare and telecom following just behind Solid balance sheet Companies that operate in the same sector might be vastly different Having a solid balance sheet is one of the best ways that a company can prepare for a downturn You should look at the total debt and its relation to the operating cash flow The debt to equity DE ratio can be helpful but remember that acceptable leverage might vary by sector Quality earnings Numbers might not always be what they seem Between accounting tricks and one time events numbers might be skewed not to represent the actual situation Generally accepted accounting principles GAAP help clarify the situation so any divergences between them and non GAAP earnings per share might be a potential red flag Safe dividend A dividend is a distribution of profits to its shareholders Typically mature companies pay a dividend as the growth opportunities tend to shrink eventually A good dividend mixes payment consistency growth opportunity and sustainability Although you might feel pressure to make changes in anticipation of a bear market remember the Wall Street proverb that more money is lost in preparation for recessions than in them Even while history never precisely repeats it often rhymes well enough to help investors draft plans for market downturns While you have to be aware that no bull market lasts forever trying to time its top is as futile as predicting the bottom of the bear market

This week the Labor Department releases January data on job openings quits and layoffs The Commerce Department releases January figures on factory orders shipments and inventories Orders for manufactured goods rose 18 in December from the prior month after a sharp drop in November Federal Reserve Chairman Jerome Powell testifies before the US Senate Committee on Banking Housing and Urban Affairs on the central bank’s monetary policy

Realtors are seeing a decline in commercial property purchases by marijuana industry related businesses and a corresponding increase in leasing activity according to a new survey from the National Association of Realtors The 2023 Marijuana and Real Estate A Budding Issue report examines the effects of marijuana legality on various aspects of real estate The survey which polled NAR members divided the responses by states that have legalized medical marijuana only and states that have legalized marijuana for medical and recreational use both before and after 2018 The survey was emailed to a random sample of 75000 NAR members who practice residential real estate and 53000 NAR member who practice commercial real estate “State laws have evolved to legalize the use of prescription and recreational marijuana” stated Jessica Lautz NAR deputy chief economist and vice president of research “As more states adopt cannabis laws Realtors are at the forefront of commercial real estate activity and are working with clients to find land warehouses and storefronts for this growing business” Survey Highlights Since 2021 the share of members reporting increased purchasing over leasing by marijuana businesses dropped from 29 to 18 In states with legal recreational marijuana lease addendums related to growing and smoking on properties are becoming less common In contrast prescription only states saw an increase in addendums added to leases that restrict smoking on properties jumping from 40 to 62 in the past two years Commercial practitioners see increased demand for warehouses land and storefronts for marijuana businesses In states that launched legal adult use cannabis program over the last five years 18 of NAR’s members confirmed an increase in property purchasing over leasing in the past year by marijuana businesses compared to 29 in 2021 In states that legalized marijuana more than five years ago 14 noticed an increase versus 20 in 2021 While states with only medical marijuana programs only 4 noticed increase compared to 21 in 2021 Photo Courtesy of CRYSTALWEED cannabis on Unsplash

Petrofac Ltd said Tuesday that its performance and expectations remain in line with guidance provided in late May The London listed provider of services to the energy industry said that its Engineering Construction arm is expected to deliver first half revenue of around 06 billion and a loss before interest and tax of 35 million 45 million In the second half Petrofac is expecting similar revenue and a marginal EBIT profit The outlook for new awards is very robust with an 18 month pipeline of around 53 billion the company said In Asset Solutions Petrofac forecast revenue to increase in the second half from 05 billion expected in the first half with an EBIT margin of 60 65 for the first half and lower margins in the second half due to contract mix The Integrated Energy Services business is expected to deliver adjusted earnings before interest taxes depreciation and amortization of 80 million 90 million for 2022

Wall Street analysts are doubling down on a bunch of stocks they see as well positioned to weather the macro uncertainty CNBC Pro combed through top Wall Street research to find analysts top high conviction ideas These companies have strong growth prospects and top notch management analysts said The stocks include CrowdStrike Atlassian Medifast Thermo Fisher and DaVita Medifast DA Davidson analyst Linda Bolton Weiser said in a note earlier this week that the nutrition and weight loss company is firing on all cylinders With a Street high price target of 278 the stock is one of DA Davidson s top high conviction small cap ideas Shares hit a fresh 52 week low Friday and are down more than 45 this year but Bolton Weiser said the misunderstood stock is well priced and likely close to a bottom Our analysis indicates yy sales growth should resume in 4Q22 representing a sequential acceleration in growth which has historically correlated with a rising share price she said Medifast s management also has an impressive track record of growth she added and the company s direct selling model is far superior to competitors and not given enough credence by investors Add in a high dividend yield and Medifast presents a very unique opportunity for shareholders she wrote DaVita The kidney and dialysis care provider was recently upgraded to a buy rating from neutral by investment firm UBS Analyst Andrew Mok said in the note that he has high conviction in DVA s ability to deliver 200 million to 300 million of operating income growth next year The firm is betting on the passage of a bill in Congress known as HR 8594 which would restrict providers from discriminating against dialysis patients Mok said he sees 30 upside to current levels from EPS growth alone if the bill passes which could catalyze a multiple re rating later this year The analyst called DaVita s EPS growth underappreciated adding that the company has also undertaken numerous cost savings initiatives that haven t been fully realized by investors In fact Mok said the company has not done an adequate enough job communicating this to investors Given the inflationary environment we believe investors are skeptical of that level of cost savings and Street estimates anchor to the bottom half of the range he wrote Still the firm is urging clients to buy shares UBS has a Street high price target of 117 per share which implies a nearly 38 gain from the stock s current level Thermo Fisher Scientific Investment firm Redburn recently named the scientific and medical instrumentation company as a high conviction and top long idea The company undoubtedly benefited from the pandemic however analyst Ed Ridley Day said Thermo Fisher Scientific is even more well positioned going forward The business has been a major COVID beneficiary but it is the strong underlying growth that interests us he said Thermo Fisher has unique exposure to biologics the firm said which offers significantly improved patient outcomes with fewer side effects and a greater chance of success through clinical trials Biologics are drugs developed through natural methods such as cell development and genomics We model the market growing at an 11 CAGR and see TMO as one of the best plays on this structural growth theme Ridley Day added The analyst also praised Thermo Fisher s management and execution calling it razor sharp and said investors should buy the stock now This is an exciting compounder underpinned by structural growth and operational excellence he wrote Shares are down about 22 since the start of the year CrowdStrike Needham Buy rating We think investors will be rewarded for buying and holding onto these shares We recognize the potential for downdrafts in CRWD from time to time as the company moves with market swings given its high beta but we are long term buyers of CRWD for multi year outperformance While a period of consolidation is possible we have high conviction that CRWD is a unique investment vehicle as the modern security cloud with exceptional long term value creation potential Atlassian Wells Fargo Overweight rating Longer term high conviction regardless as in any environment there exist some cos whose multi yr opportunity presents favorably regardless of macro and are thus worth leaning into in any broad based downturn For us TEAM and HUBS remain firmly planted on that list given meaningful multi yr growth cycles in motion significant pricing power and more balanced financial profiles Medifast DA Davidson Buy rating We chose MED because management has a track record of growing the company we see several drivers of continuing long term growth the stock is particularly inexpensive with a high dividend yield there has been a sudden change in near term fundamentals which may be misunderstood by investors presenting a unique opportunity Our analysis indicates yy sales growth should resume in 4Q22 representing a sequential acceleration in growth which has historically correlated with a rising share price Direct selling model that is superior to competitors DaVita UBS Buy rating Attractive EPS Growth Underappreciated While most providers in our coverage are subject to negative earnings revisions in 2023 we have high conviction in DVA s ability to deliver 200 300 million of OI growth next year model 1808 million of EBIT supported by strong visibility into cost savings initiatives We see 30 upside to current levels from EPS growth alone think that passage of HR8594 could catalyze a multiple re rating later this year Given the inflationary environment we believe investors are skeptical of that level of cost savings Street estimates anchor to the bottom half of the range Thermo Fisher Redburn Buy rating The business has been a major COVID beneficiary but it is the strong underlying growth that interests us Execution is razor sharp thanks to an internally developed business system similar to Danaher s This is an exciting compounder underpinned by structural growth operational excellence We model the market growing at an 11 CAGR and see TMO as one of the best plays on this structural growth theme

A house s real estate for sale sign is seen in front of a home in Arlington Virginia November 19 2020 After cooling off ever so slightly toward the end of last year home price gains reaccelerated in January Home prices nationally rose 192 year over year in January up from 189 in December according to the SP CoreLogic Case Shiller Index The 10 city Composite annual increase was 175 up from 171 in the previous month The 20 city composite rose 191 up from 186 in December Phoenix Tampa and Miami saw the biggest annual gains at 326 308 and 281 respectively Sixteen of the 20 cities reported higher price increases in the year ending January 2022 versus the year ending December 2021 Washington DC Minneapolis and Chicago saw the smallest annual gain although they were all still up double digits from a year ago Tight supply and strong demand appear to be outweighing rising mortgage rates which would usually take some of the heat out of housing While the index is a three month running average mortgage rates began to climb in January The average rate on the 30 year fixed ended 2021 at around 325 and ended January at 368 according to Mortgage News Daily It is now flirting with 5 The macroeconomic environment is evolving rapidly Declining COVID cases and a resumption of general economic activity has stoked inflation and the Federal Reserve has begun to increase interest rates in response We may soon begin to see the impact of increasing mortgage rates on home prices said Craig Lazzara managing director at SP Dow Jones Indices Higher mortgage rates have already started to affect sales in the first months of the year Pending home sales which measure signed contracts on existing homes have now fallen for four straight months according to the National Association of Realtors The monthly payment for a median priced home has jumped 30 in the past year far outpacing even fast rising consumer prices up almost 8 from a year ago said George Ratiu senior economist at Realtorcom in a release While the small number of homes for sale will keep upward pressure on prices as we move through the Spring buying season I expect conditions to undergo noticeable adjustments in the months ahead

US oil futures traded higher this morning on Wednesday Investors meanwhile focused on some notable insider trades When insiders purchase or sell shares it indicates their confidence or concern around the company s prospects Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision Below is a look at a few recent notable insider transactions for penny stocks For more check out Benzinga s insider transactions platform3 PEDEVCO The Trade PEDEVCO Corp NYSEPED 10 owner SK Energy LLC bought a total of 187648 shares at an average price of 098 To acquire these shares it cost around 18427 thousand What’s Happening Pedevco last month posted Q2 EPS of 004 What PEDEVCO Does PEDEVCO Corp is an energy company It is engaged in the acquisition exploration development and production of oil and natural gas shale plays in the Denver Julesberg Basin D J Basin in Colorado eFFECTOR Therapeutics The Trade eFFECTOR Therapeutics Inc NASDAQEFTR Director Christopher B Ehrlich acquired a total of 18867 shares at an average price of 055 The insider spent around 1038 thousand to buy those shares What’s Happening eFFECTOR Therapeutics recently said it dosed first patient in second cohort of Phase 1b clinical trial of Zotatifin for the treatment of COVID 19 What eFFECTOR Therapeutics Does eFFECTOR Therapeutics Inc is a clinical stage biopharmaceutical company focused on pioneering the development of a new class of oncology drugs referred to as selective translation regulator inhibitors STRIs Volatility In Markets Increases After US Stocks Record Sharp Losses Don’t forget to check out our premarket coverage here Aspen Group The Trade Aspen Group Inc NASDAQASPU Director Douglas Kass acquired a total of 61500 shares at an average price of 042 To acquire these shares it cost around 2582 thousand What’s Happening Aspen Group recently posted Q1 loss of 015 per share What Aspen Group Does Aspen Group Inc is an education technology holding company that leverages its infrastructure and expertise to allow its two universities Aspen University and United States University to deliver on the vision of making college affordable again

Coinbase Global Inc NASDAQCOIN shares were trading slightly lower on Friday after the company issued earnings on Thursday The cryptocurrency platform currently under US regulatory scrutiny reported a loss of 42 cents per share which beat the expected 78 cent loss on revenues of 70709 million beating the 64336 million consensus estimate Despite a 13 quarter over quarter decrease in transaction revenue at 3271 million and a 7 drop in subscription revenues from the first quarter at 327 million the print along with fresh analyst perspectives pushed shares nearly 2 higher during early trading on Friday before the stock began selling off Here s what the analysts have to say The Needham Analyst John Todaro reiterated a Buy rating on Coinbase and a price target of 120 Todaro said that while volumes were disappointing and the market cap of USDC continues to dwindle Coinbase seems to be in a strong position especially as competitors retreat With Bitcoin and other cryptos gaining momentum and a potentially brighter outlook on regulation Needham still views Coinbase as a strong investmentRead also Jack Dorsey Extends Hand To Coinbase ‘Happy To Partner’ For More Focus On Bitcoin Lightning Network The Canaccord Analyst Joseph Vafi reiterated a Buy rating on the stock and left its 140 price target unchanged Vafi praised Coinbase’s business model noting its resilience despite the regulatory challenges and lower trading volumes industry wide The analyst added that Coinbase’s cost structure is now half of what it was a year ago and that its share is growing despite a reduced operating footprint However Canaccord warns that much of the stock’s future movement will depend on the evolving regulatory environment The Raymond James Analyst Patrick O’Shaughnessy reiterated an Underperform rating on Coinbase and did not give a price target O’Shaughnessy highlighted that the lawsuit filed by the SEC this quarter underlines the massive regulatory risks the company is facing Despite improved financial results the analyst argues that the current retail pricing model isn’t sustainable long term and struggles to see a path towards substantial profitability The Piper Sandler Analyst Patrick Moley set a Neutral rating on the stock and raised the price target from 60 to 80 Moley said the robust retail fee capture rate was great news but warned that it’s not likely sustainable While Piper Sandler acknowledged Coinbase’s potential as a major player in the cryptocurrency space they’re looking for more progress on the regulatory front and an improvement in the company’s fundamentals before shifting to a more positive outlook COIN Price action Shares of Coinbase are trading 13 lower to 8950 according to Benzinga ProRead next July’s Mixed Jobs Report Payrolls Miss Estimates Unemployment Rate Dips Wages Surpass Expectations Photo Shutterstock

The SP 500 closed lower on Tuesday snapping a four session win streak following the release of weak economic reports US job openings fell to 99 million in February versus market estimates of 104 million US factory orders dropped for a consecutive month in February Data released Monday also showed the ISM manufacturing PMI dropping to 463 in March versus a reading of 477 in February and also missing market estimates of 475 AMC Entertainment Holdings Inc NYSEAMC shares dropped more than 23 on Tuesday after the theater chain company reached a settlement with shareholders which would allow for the conversion of AMC Preferred Equity Units shares into common shares Majority of the sectors on the SP 500 closed on a negative note with energy and industrials stocks recording the biggest losses on Tuesday However communication services and utilities stocks settled higher during the session The Nasdaq 100 fell 037 to close at 1310008 on Tuesday amid losses in shares of NVIDIA Corporation NASDAQNVDA and Tesla Inc NASDAQTSLA The SP 500 fell 058 while the Dow Jones lost 059 to 3340238 in the previous session The SP 500 has added around 7 so far this year The Chicago Board Options Exchange s CBOE Volatility Index VIX rose 24 to 1900 points on Tuesday What is CBOE Volatility Index The CBOE Volatility Index popularly known as VIX is a measure of the equity market s expectation of volatility based on SP 500 index call and put options Read Next Top 3 Real Estate Stocks You ll Regret Missing This Quarter

Sam Bankman Fried the founder and former chief executive of bankrupt cryptocurrency exchange FTX on Friday changed his position and said he was willing to testify in front of the US House Financial Services Committee In a tweet to Maxine Waters the California Democrat who heads the committee Bankman Fried said he would testify even though he doesn’t have access to company records Bankman Fried has engaged in a media tour since the collapse of FTX in what he says is against the advice of his own lawyers as he tries to make the case that he did not deliberately commit fraud He told The Wall Street Journal for instance that he cannot account for the billions of dollars sent from FTX to the trading firm Alameda that he owns

The trajectory of the economy largely depends on how consumers fare in the coming months The US fourth quarter gross domestic product report will offer a snapshot of the economy at the end of a year in which consumers and businesses faced the highest inflation in four decades and a fast rise in interest rates The three months from October to December capped a year of economic cool down from a rapid pandemic rebound that fueled red hot growth in 2021 Last year consumers spent at a slower pace employers pulled back on hiring and the housing market weakened

Tuesday Market Close Stocks had their worst day since June 2020 but the culprit wasn’t the continuing pandemic—now it’s inflation The slide started moments after hotter than expected August Consumer Price Index CPI data was announced The CPI rose 01 month over month MOM instead of the decline of 01 forecast by analysts Year over year YOY CPI grew at a pace of 83 also unexpectedly higher than the forecast of 81 Core CPI was projected to be 03 MOM and 61 YOY but came in at 06 and 63 respectively The biggest increases in August were seen in energy services with electricity costs rising 15 and gas utilities up 35 This may be due to a particularly hot August and the costs of cooling off However food bills and new vehicle prices both increased at a pace of 08 last month and shelter costs also rose 07 Energy commodities continued to see some large declines with gasoline price falling 106 Over the previous 12 months the items with the largest increases included fuel oil 688 gas utilities 33 gasoline 256 food at home 135 and medical care services 113 With inflation still growing at such a fast pace investors are expecting a more aggressive Federal Reserve at its rate meeting next week The CME FedWatch Tool was calculating a 68 probability of a 75 basis point hike and a 32 chance of 100 basis points Running up to today’s CPI announcement the probabilities of 75 point hike were actually dwindling and investors appeared to have convinced themselves that 50 points would be a more likely decision Looking forward to the November meeting at today’s close the tool was projecting a 331 probability of 25 point hike However it was giving a 669 chance of a 50 point hike By the end of the year the fed funds rate is projecting to be 4 to 45 The 10 year Treasury yield TNX jumped six basis points to 342 and is nearing its June high when so much uncertainty surrounded the commodity markets due to the Russia Ukraine war The 2 year Treasury yield rose 18 basis points to 375 Rising yields caused the US Dollar Index DXY to surge—climbing 144 The dollar index regained its previous three days of losses and is nearing its September high The major indexes all plummeted with the Nasdaq COMP SP 500® index SPX and Dow Jones Industrial Average DJI respectively closing 516 432 and 394 on the day Growth stocks appeared to take the biggest hit as the SP 500 Pure Growth Index plunged 471 However value stocks weren’t immune as the SP 500 Pure Value Index dropped 359 Even income stocks struggled as the Dow Jones US Select Dividend Index fell 314 Not surprisingly all market sectors were negative on the day led by technology consumer discretionary and financial stocks Energy stocks were down the least however WTI crude oil futures settled only 04 lower The PHLX Semiconductor Index SOX led the plunge falling 618 on the day However the homebuilders and retailers came tumbling after with the SP Homebuilders Select Industry Index and the Dow Jones US Retail Index respectively falling 590 and 580 A BofA Securities survey reveals that more than half of fund managers continue to ditch equities in favor of cash due to recession fears A record 52 of respondents reported that they were underweighted in stocks while 62 were overweighted in cash Participants also reported that they were shunning European stocks too with 42 reporting they’re now underweighted This was the largest such position on record for European stocks according to the survey BofA Securities also revealed that not only are investors high on cash they’re also long the US dollar oil and commodities ESG assets and growth oriented investments However the fund managers also said they were short US Treasuries They did say that they think inflation will recede In fact 79 projected slower inflation over the next 12 months Additionally 36 thought the Fed would stop hiking rates in Q2 of 2023 However 70 of the global fund managers surveyed expected the Europe’s energy crisis to take the continent into a recession Sep 15 August US Retail Sales Philadelphia Fed Manufacturing Index and earnings from Adobe ADBE This post contains sponsored advertising content This content is for informational purposes only and not intended to be investing advice

Nio Inc NIO hit a production milestone on Tuesday successfully rolling its 200000th electric vehicle off production lines at its Hefei plant in China The EV manufacturer which currently supplies the Chinese and Norwegian markets plans to expand its offerings in Germany the Netherlands Sweden and Denmark as it continues to ramp up production Despite its achievements the beaten down stock has failed to make any major reversal to the upside currently trading down about 74 from the Jan 11 2021 all time high of 6699 Nio has been affected by both the turbulence in the US markets and regulatory concerns sparked by a standoff between the Chinese government and the US Security and Exchange Commission which the two bodies are working to resolve Most recently Nio has been trading in a downtrend between two parallel lines which has set the stock into a falling channel pattern on the daily chart The pattern is considered to be bearish until the stock breaks up bullishly from the upper descending trendline of the channel on higher than average volume Want direct analysis Find me in the BZ Pro lounge Click here for a free trial The Nio Chart Nio’s most recent lower high was printed April 13 at 2056 and the most recent confirmed lower low was printed at the 1777 level on April 11 On Monday Nio may have formed its next consecutive lower low but Tuesday’s candle will need to print for confirmation On Monday Nio printed a hammer candlestick on the daily chart which indicates higher prices should come on Tuesday If higher prices do come it may give Nio enough power to break up from the falling channel If the stock unable to do so bearish traders may find a solid entry if Nio prints a reversal candlestick such as a doji or shooting star candlestick below the upper trendline of the formation Nio has a gap above on its chart between 2641 and 2722 Gaps on charts fill about 90 of the time which makes it likely the stock will trade up to fill the empty range in the future Of course it could be some time until that occurs because it would require a major trend change to the upside Nio has resistance above at 2025 and 2177 and support below at 1675 and 1431 See Also Warren Buffett Backed BYD s Flagship Han EV Sedan Drives Into Brazil What You Need to Know

Asian equities were mostly lower overnight except for Japan despite an overwhelmingly positive economic release coming out of China China logged better than expected GDP growth in the first quarter of 2023 and retail sales were also unexpectedly strong Some analysts are calling the release an indication of a continuous rather than a sporadic recovery One broker used the word “revenge spending” to describe what is going on Meanwhile industrial production was lower than expected likely due to slowing global demand as a potential recession looms in the US and Europe Though not in the headline release online retail sales of goods grew at an even faster pace of 109 year over year YoY in March and over 12 if you include online services too Investors may be looking for the recovery to continue through mid year to fully re enter E Commerce names which may have accounted for the surprising weakness of E Commerce names overnight Investors’ reaction to the positive release was relatively muted overall as Mainland China markets were mixed and Hong Kong markets were lower overnight This may have been due in part to significant share sales to private investors by a handful of Hong Kong names overnight Mainland media reported that regulators may reduce the Ant Group’s fine from 1 billion to around 700 million and limit the stated charge to operating a financial company without a license The Hang Seng and Hang Seng Tech indexes fell 063 and 121 respectively on volume that decreased 20 from yesterday The top performing sectors overnight were materials health care and financials Meanwhile consumer discretionary technology and utilities were among the worst Mainland investors bought a net 288 million worth of Hong Kong stocks overnight via Southbound Stock Connect Shanghai Shenzhen and the STAR Board diverged to close 023 012 and 090 respectively on volume that decreased 5 from yesterday The top performing sectors overnight were financials communication services and consumer staples Meanwhile health care real estate and utilities were among the worst Foreign investors bought a net 288 million worth of Mainland stocks overnight via Northbound Stock Connect Join us Tuesday April 25th at 1000 am ET for Insights from the Ground Understanding Taiwan’s Political Climate with Gavekal

Labor market is really we re doing the pinch to make companies all had mass layoffs Now they simply don t have enough people in a labor market where tech and finance employees are being laid off But construction mining utilities health care workers etc are getting wage increases We ve been really focused on bits A lot of money has gone that way over the past few years Two hundred eighty characters social feed engagement hacks which has worked until a point It seems like we need to focus on items on physical inputs things like commodities and construction pulsing etc Technology is more than just computers It s energy like nuclear power new modes of transit electric vehicles and buses and more But humans are also They have to power all that we believe What this labor market that the Fed is trying to slow down is showing is that we have under invested in people So how can we invest in people No one paid them No To give them health insurance and child care options Number three bam the term unskilled labor Number four recognize that people do require investment Companies invest in R and D They should consider the wages that they pay people a form of investment in their company But of course in our inflationary environment it s tough to just pay people more But people are the reason that companies even exist and for them to keep on existing they have to invest in the people that work in a bit driven rule We have to invest in atoms and that includes people

Akerna NASDAQKERN released its unaudited financial results for the quarter ended June 30 2022 revealing revenue of 61 million up 24 year over year Q2 2022 Financial Highlights Gross profit of 42 million or 698 of total revenues was up 42 year over year compared to 30 million or 609 of total revenues in the same period of 2021 Net loss was 296 million and when excluding the impairment was marginally lower than last year’s net loss of 61 million Adjusted EBITDA loss was 21 million compared with a loss of 16 million for the same quarter of 2021 Loss from operations was 292 million including a 241 million impairment of certain long lived assets compared to a loss of 61 million year—over year Cash and Restricted Cash was 141 million as of July 5 2022 following the closing of a 10 million financing via S 1 filedeffective on June 29 2022 We have continued to take important steps to grow revenue reduce costs and position ourselves for growth in the future stated Jessica Billingsley CEO of Akerna “While client demand has been mixed thus far in 2022 and with softer sales and bookings in particular during the second quarter throughout the sector we believe we are on pace for a year of solid growth in 2022 compared with last year On the cost side we’re pleased with our gross margin improvement over last year at 69 and the expense reduction program across the board that we announced in Q2 should enable more material improvements going forward beginning with our Q3 results” Photo by Mackenzie Marco on Unsplash Related News Strategic Cannabis Execs Making Changes At Companies You Know PharmaCielo Willow Industries Delta 9 More Willow Industries Appoints Scott Daly As Chief Commercial Officer Here s Why Akerna And Clever Leaves Stock Are Skyrocketing Today

The stock market s roller coaster ride isn t inspiring confidence in investors Still a small portion do plan to take advantage of recent price dips About 18 of Americans are willing to put more money into stock market investments this year including retirement accounts according to a recent survey from Bankrate The online survey polled more than 1500 investors April 19 22 When markets pull back it does represent a good buying opportunity particularly for the automatic savings that happen through a 401k said Greg McBride chief financial analyst at Bankrate A volatile year like this could in the long run prove to be an attractive buying opportunity and you ll be glad you invested more More from Invest in You How to calculate your own personal inflation rate Half of Americans say inflation may hurt financial goals How to know if an adjustable rate mortgage is right On the flip side more than 50 of investors said they ll keep their investment amounts the same this year Only 18 plan on decreasing the amount of money they ll put into stocks in 2022 according to the report Younger investors including Gen Zs and millennials are the most likely to say they ll boost stock market investments this year the survey found That s a positive sign as it shows they re establishing and sticking to solid financial habits according to McBride They have the longest time horizon until retirement he said Having that longer term view and investing more is something that can compound and grow over an extended period of time

Although US stocks traded sharply lower on Friday there were a few notable insider trades When insiders purchase shares it indicates their confidence in the company s prospects or that they view the stock as a bargain Either way this signals an opportunity to go long on the stock Insider purchases should not be taken as the only indicator for making an investment or trading decision At best it can lend conviction to a buying decision Below is a look at a few recent notable insider purchases For more check out Benzinga s insider transactions platform HF Sinclair The Trade HF Sinclair Corporation NYSEDINO Director Franklin Myers acquired a total of 7250 shares at an average price of 5594 To acquire these shares it cost around 40556 thousand What’s Happening HF Sinclair recently reported a buyback of 24 million shares for 5195 per share What HF Sinclair Does HF Sinclair is an integrated petroleum refiner that owns and operates seven refineries serving the Rockies midcontinent Southwest and Pacific Northwest with a total crude oil throughput capacity of 678000 barrels per day MGM Resorts International The Trade MGM Resorts International NYSEMGM Director Janet Swartz acquired a total 14230 shares at an average price of 3505 To acquire these shares it cost around 49878 thousand What’s Happening MGM China Holdings a unit of MGM Resorts International is planning to invest 594 million in its Macau casino operator the Wall Street Journal reported What MGM Resorts International Does MGM Resorts is the largest resort operator on the Las Vegas Strip with 35000 guest rooms and suites representing about one fourth of all units in the market Don’t forget to check out our premarket coverage here Also check this AMD And 2 Other Stocks Insiders Are Selling Kennedy Wilson Holdings The Trade Kennedy Wilson Holdings Inc NYSEKW Director Stanley R Zax bought a total of 35000 shares at an average price of 1815 To acquire these shares it cost around 63525 thousand What’s Happening Kennedy Wilson recently posted a Q2 loss of 007 per share What Kennedy Wilson Does Kennedy Wilson Holdings Inc is a global real investment company that owns operates and invests in real estate on its own and through its investment management platform

BERLIN Oct 27 Reuters The Bavarian metal and electronics industry association said on Thursday it was offering workers in the sector tax and charge free inflation compensation of 3000 euros 301230 for a term of 30 months The association also offered an increase in the pay scale Reporting by Christina Amann Writing by Paul Carrel Editing by Rachel More

Top Power 5 conferences aren’t the only ones getting more visibility and attention from broadcasters On Thursday CBS announced a partnership with Allen Media Group’s HBCU Go the largest broadcaster for sports at historically black colleges and universities HBCUs The platform will appear on CBS “owned and operated duopoly stations” Financial terms of the deal were not disclosed The partnership which will run for the 2022 23 season will elevate HBCU sports to 60 of American households Media markets will range from San Francisco to New York “We are proud to amplify these amazing athletes and HBCUs while at the same time helping to finance the education of these young adults” Founder Chairman and CEO of Allen Media Group Byron Allen said in a statement “Now sports fans across the country will have access to best in class games from America’s HBCUs” The news follows a year where HBCUs gained more visibility due to name image and likeness rules Several major brands from Gatorade to Adidas have recognized the brand value of HBCU athletes Ever wonder what your favorite players have been up to since retiring from the game Watch the latest episode of Second Acts a new series from Front Office Sports here

This article was automatically generated by Barronscom using technology from Automated Insights With US stock markets set to open in two hours Range Resources RRC was up 72 in pre market trading and Yum China Holdings YUMC was up 46 GitLab Cl A GTLB Chewy Cl A CHWY and Texas Pacific Land TPL were all posting gains of at least 4 NVR Inc NVR and Coinbase Global COIN had posted declines falling 71 and 56 respectively Meanwhile SP 500 futures were up 048 with futures for the Dow Jones Industrial Average rising 037 The SP 500 and the Dow were up 306 and 268 respectively in the most recent regular trading session Stocks in Asia were up overnight with Japan s NIKKEI 225 Index up 143 and China s Shanghai Composite Index rising 088 US stock markets open for trading at 930 am ET

US stocks extended gains midway through trading with the Dow Jones gaining around 250 points on Wednesday ahead of the release of minutes from the Fed s meeting The Dow traded up 079 to 3339939 while the NASDAQ rose 109 to 1050061 The SP 500 also rose gaining 121 to 387038 Check This Out Top 5 Industrials Stocks That May Plunge Leading and Lagging Sectors Real estate shares gained by 3 on Wednesday Meanwhile top gainers in the sector included WeWork Inc NYSEWE up 16 and Compass Inc NYSECOMP up 11 In trading on Wednesday energy shares rose by just 05 Top Headline The ISM manufacturing PMI declined for a second straight month to 484 in December from 49 in the previous month and compared to market estimates of 485 Equities Trading UP Geron Corporation NASDAQGERN shares shot up 37 to 32950 after the company announced top line results from the IMerge Phase 3 trial of imetelstat in lower risk MDS The trial met the primary 8 week transfusion independence TI endpoint and key secondary 24 week TI endpoint Shares of Crown ElectroKinetics Corp NASDAQCRKN got a boost shooting 123 to 04182 after the company announced it acquired Amerigen 7 Vivos Therapeutics Inc NASDAQVVOS shares were also up gaining 178 to 206 after the company announced it received FDA 510k clearance for its DNA oral appliance for the treatment of obstructive sleep apnea Equities Trading DOWN Vera Therapeutics Inc NASDAQVERA shares tumbled 65 to 649 after the company announced topline results of the Phase 2b ORIGIN clinical trial of atacicept for the treatment of IgA nephropathy Shares of Enovix Corporation NASDAQENVX were down 45 to 661 following a livestream presentation from company management regarding an update on production commercialization and recent management additions Phathom Pharmaceuticals Inc NASDAQPHAT was down falling 32 to 661 The FDA notified Phathom Pharmaceuticals that no action would be taken on the company s new drug application NDA for vonoprazan under review as a treatment for erosive esophagitis on or before the current Prescription Drug User Fee Act PDUFA target action date of January 11 2023 Also Check This Out Bitcoin Moves Higher Ahead Of Fed Minutes Ethereum Classic Becomes Top Gainer Commodities In commodity news oil traded down 45 to 7344 while gold traded up 1 at 186410 Silver traded up 03 to 2430 on Wednesday while copper fell 08 to 37375 Euro zone European shares were higher today The eurozone’s STOXX 600 gained 138 London’s FTSE 100 gained 041 while Spain’s IBEX 35 Index rose 193 The German DAX gained 218 French CAC 40 rose 23 and Italy’s FTSE MIB Index climbed 174 The SP Global Eurozone services PMI rose to 498 in December versus a preliminary reading of 491 The SP Global German services PMI rose to 492 in December from a preliminary reading of 49 while the SP Global Spain services PMI increased to 516 in December from 512 a month ago French services PMI rose to 495 in December from a flash reading of 481 while annual inflation rate in France eased to 59 in December Consumer credit in the UK increased by GBP 1507 billion in November versus a revised GBP 0748 billion rise in the previous month Asia Pacific Markets Asian markets closed mixed on Wednesday with the Hong Kong’s Hang Seng Index gaining 322 and China’s Shanghai Composite Index adding 022 Japan’s Nikkei 225 fell 145 during the session Retail sales in Hong Kong dipped by 53 year over year in November versus a revised 25 growth in the prior month The SP Global India services PMI rose to 585 in December from 564 in the prior month Japanese manufacturing PMI rose to 489 in December versus the flash reading of 488 Economics Mortgage applications in the US dropped 103 in the week ended December 30 2022 recording the biggest decline in three months The number of job openings in the US fell by 54000 to 105 million in November The ISM manufacturing PMI declined for a second straight month to 484 in December from 49 in the previous month and compared to market estimates of 485 Now Read This Investor Fear Increases Slightly As US Stocks Settle Lower On First Trading Session Of 2023 COVID 19 Update The US has the highest number of coronavirus cases and deaths in the world reporting a total of 102747550 cases with around 1118750 deaths India confirmed a total of at least 44680260 cases and 530700 deaths while France reported over 39356180 COVID 19 cases with 162370 deaths In total there were at least 666183960 cases of COVID 19 worldwide with more than 6701630 deaths

Someone with a lot of money to spend has taken a bullish stance on Illumina NASDAQILMN And retail traders should know We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga Whether this is an institution or just a wealthy individual we don t know But when something this big happens with ILMN it often means somebody knows something is about to happen So how do we know what this whale just did Today Benzinga s options scanner spotted 10 uncommon options trades for Illumina This isn t normal The overall sentiment of these big money traders is split between 70 bullish and 30 bearish Out of all of the special options we uncovered 5 are puts for a total amount of 333005 and 5 are calls for a total amount of 204428 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 1900 to 2700 for Illumina over the last 3 months Volume Open Interest Development Looking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Illumina s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Illumina s whale trades within a strike price range from 1900 to 2700 in the last 30 days Illumina Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume ILMN PUT SWEEP BULLISH 011725 20000 1010K 477 45 ILMN PUT SWEEP BEARISH 011725 20000 939K 477 78 ILMN CALL SWEEP BULLISH 091523 27000 643K 10K 452 ILMN PUT SWEEP BULLISH 011725 20000 613K 477 12 ILMN PUT SWEEP BULLISH 061623 20000 475K 10K 221 Where Is Illumina Standing Right Now With a volume of 1198994 the price of ILMN is down 918 at 19313 RSI indicators hint that the underlying stock is currently neutral between overbought and oversold Next earnings are expected to be released in 77 days What The Experts Say On Illumina Baird has decided to maintain their Neutral rating on Illumina which currently sits at a price target of 229 RBC Capital has decided to maintain their Outperform rating on Illumina which currently sits at a price target of 334 Stifel has decided to maintain their Buy rating on Illumina which currently sits at a price target of 265 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Illumina Benzinga Pro gives you real time options trades alerts

Dogecoin CRYPTO DOGE rival Shiba Inu CRYPTO SHIB has witnessed a rise in the crypto market throughout 2021 however it has experienced a significant decline from its all time high What Happened A fascinating aspect of this cryptocurrency is that owning less than 10 worth of SHIB can actually get you over a million SHIB tokens as Shiba Inu is currently trading at approximately 0000007819 Interestingly the Shiba Inu protocol has seen a sharp increase in the total number of whale transactions recorded on chain According to data from crypto analytics provider IntoTheBlock SHIB whale transactions have witnessed a notable surge of 2572 within the past week amounting to a total value of 568 million These growing whale transactions if sustained can have a tremendous impact on the price growth of Shiba Inu See More A Stay At The Floating Palace From James Bond s ‘Octopussy’ Why It Matters Furthermore the burn rate of Shiba Inu has spiked significantly with a staggering 300 increase over the past 24 hours This can be attributed to the burning of 109 million SHIB tokens effectively removing them from circulation Adding to the discussions surrounding Shiba Inu a crypto trader known as SHIB Knight shared their belief on Twitter that as long as Shiba Inu maintains ascending support present on its chart it may remain in a “good” place The trader even predicted the possibility of the meme coin’s price “deleting” another zero signaling a potential significant surge SHIB is good as long as it holds ascending supportTarget is still deleting a zero pictwittercomGiiAUOAAaO— SHIB KNIGHT armyshiba July 18 2023 Read Next Bitcoin Ethereum Dogecoin In Red Post US Retail Sales Data Release Analyst Predicts This Popular Meme Coin Could Rally 157 Mirroring XRP Gains Join Benzinga’s Future of Crypto in NYC on Nov 14 2023 to stay updated on trends like AI regulations SEC actions institutional adoption in the crypto space Secure early bird discounted tickets now

The banking crisis continues to keep investors on edge about the health of regional banks Now Goldman Sachs has identified what it said are the biggest winners and losers in the industry in the aftermath of the Silicon Valley Bank collapse The Wall Street investment bank said the biggest short term risk for regional banks could come from shifting market shares of deposits as corporates look to diversify That includes moving capital to bigger banks using a wider variety of lenders and moving money into Treasuries or money market mutual funds Goldman said Meanwhile there is the potential that regional banks will need to pay up to prevent deposits from moving to other banks or leave bank balance sheets entirely Goldman said Additionally the need for more capital for banks means stock buyback plans will be crimped at least in the short term Goldman said Factoring in all these risks Goldman said BankUnited and KeyCorp are the most at danger of feeling the financial fallout Miami Lakes FL based BankUnited has 76 of its total deposits in commercial deposits part of which could leave or diversify away to other banks and only 30 of total deposits are FDIC insured Goldman said As for Cleveland based KeyCorp Goldman said the bank has one of the biggest capital deficits versus their targets indicating that buybacks will most likely be removed Shares of BankUnited and KeyCorp have both lost more than 30 this month On the flip side Goldman said Fifth Third Bancorp Regions Financial Corp Huntington Bancshares and Synovus Financial Corp could see the smallest impact from the banking upheaval Huntington Bancshares and Regions Financial each have more than 60 of total deposits FDIC insured while Fifth Third has 58 all above the industry average of about 50 Goldman said Goldman said Birmingham Alabama based Regions Financial along with Citizens Financial and First Hawaiian may see fewer deposit outflows given more granular deposit bases and more retail oriented deposit bases These stocks are all down more than 20 in March as investors spooked by the crisis dumped regional bank shares

A whale with a lot of money to spend has taken a noticeably bearish stance on Intel Looking at options history for Intel NASDAQINTC we detected 12 strange trades If we consider the specifics of each trade it is accurate to state that 33 of the investors opened trades with bullish expectations and 66 with bearish From the overall spotted trades 3 are puts for a total amount of 105313 and 9 calls for a total amount of 475905 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 290 to 390 for Intel over the last 3 months Volume Open Interest Development Looking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Intel s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Intel s whale trades within a strike price range from 290 to 390 in the last 30 days Intel Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume INTC CALL SWEEP BEARISH 121523 3400 902K 19K 0 INTC CALL SWEEP BEARISH 081823 3500 565K 202K 532 INTC CALL TRADE BEARISH 081823 3500 565K 202K 32 INTC CALL SWEEP BEARISH 081823 3500 560K 202K 15K INTC CALL TRADE BEARISH 081823 3500 555K 202K 16K Where Is Intel Standing Right Now With a volume of 4783705 the price of INTC is down 034 at 3376 RSI indicators hint that the underlying stock may be approaching oversold Next earnings are expected to be released in 13 days What The Experts Say On Intel Citigroup downgraded its action to Neutral with a price target of 29 Needham downgraded its action to Buy with a price target of 36 Benchmark downgraded its action to Buy with a price target of 39 Mizuho downgraded its action to Neutral with a price target of 30 Morgan Stanley has decided to maintain their Equal Weight rating on Intel which currently sits at a price target of 38 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Intel Benzinga Pro gives you real time options trades alerts

Signify NV on Friday reported a 46 rise in first quarter net profit beating consensus and backed its full year guidance The Dutch lighting company added that its performance was hurt by the return of lockdowns in China towards the end of the quarter and that cash flows were hit by global supply chain issues Still it expects cash flows to readjust positively as the year progresses the company said Signify made a quarterly net profit of 86 million euros 903 million compared with EUR59 million year earlier and a consensus of EUR76 million taken from the company s website Sales for the quarter were EUR179 billion compared with EUR160 billion and a consensus of EUR170 billion Adjusted earnings before interest taxes and amortization one of the company s preferred metrics which strips out exceptional and other one off items for the quarter were EUR187 million compared with EUR172 million and a consensus of EUR173 million For 2022 Signify expects comparable sales growth in the range of 3 6 and continued adjusted Ebita margin improvement of up to 50 basis points as guided in January

The beleaguered cryptocurrency exchange FTX which recently filed for bankruptcy has fired some of Sam Bankman Fried s top deputies There were close to 300 staff members at FTX many of whichhave resigned over the past few weeks Only a few are based at theBahamas headquarters According to a Wall Street Journalreport Caroline Ellison Gary Wang and Nishad Singh have been terminated from their positions at FTX All three of them were fired after FTX appointed John J Ray III as the new CEO of the company to oversee the bankruptcy the report says Earlier Ray said that Bankman Fried utilized business cash from the FTX Group to buy homes and other personal assets for staff and consultants Never in my career have I seen such a complete failure of corporate controls and a complete absence of trustworthy financial information as occurred here Ray said Also ReadMarathon Digital CEO Fred Thiel Says FTX Bankruptcy Has Increased The Fear Factor Earlier last week FTX said in an emergency court filing that Bahamian regulators ordered Bankman Fried to gain unauthorized access and obtain the company s digital assets following its bankruptcy filing Public Remarks By Bankman Fried Pose AProblem Meanwhile legal experts have said that Bankman Fried s remarks on public platforms may have harmed his defense Bankman Fried has been speaking with reporters and posting tweets regarding the FTX collapse However legal experts have said that such public statements will likely make life more difficult for his defense lawyers seeking to manage the fallout from the exchange s demise A defense lawyer atSaul Ewing Arnstein Lehr says There s this old saying that a lawyer who represents himself has a fool for a client The reverse is also true An individual who is the subject of an investigation and tries to defend themselves in the court of public opinion has a fool for a lawyer Bankman Fried s statements have already been cited in FTX s bankruptcy proceedings FTX is facing investigations from the Justice Department Securities and Exchange Commission and Commodity Futures Trading Commission A group of cryptocurrency investors has also filed a class action against Bankman Fried and others who promoted FTX

Tesla Inc TSLA shares are trading lower by 216 to 30205 going into the close of Wednesday s trading session as the market reacts to the Fed s decision to hike rates by 75 bps The Fed also issued outlook on inflation unemployment and economic growth The Federal Reserve raised its target fed funds rate by 075 on Wednesday to a new range of between 3 and 325 its third 075 rate hike in four months The Fed said it will continue with its previously announced plan to let Treasury securities and agency debt and agency mortgage backed securities roll off its balance sheet on a monthly basis “Inflation remains elevated reflecting supply and demand imbalances related to the pandemic higher food and energy prices and broader price pressures” the Fed said in a statementRead More See Also Federal Reserve Issues Third Straight 075 Interest Rate Hike What It Means For The Struggling Stock Market

March 11 Reuters Australia shares closed lower on Friday as investors were on edge after the country s central bank cautioned about rate hikes in response to inflationary risks due to the recent surge in commodity prices hurting technology and banking stocks The SPASX 200 index AXJO ended 09 lower at 706360 The benchmark dropped 07 on the week to clock its worst weekly performance since Feb 25 With US inflation hitting a 40 year high Reserve Bank of Australia Governor Philip Lowe told borrowers it would be prudent to prepare for a rise in interest rates this year read more You can expect them interest rates moving mid year rather than the end of the year at this stage said Brad Smoling managing director at Smoling Stockbroking Financial markets are wagering heavily on a first rise in the 01 cash rate by June partly because the US Federal Reserve is widely expected to lift rates next week and several other major central banks have already tightened The inflation rate is moving very quickly both the core and CPI calculation excluding food and energy so it s like a sweeping inflation right across the board Among growth stocks the technology index AXIJ slid 32 and led declines on the benchmark after its Wall Street peers ended in red overnight Xero XROAX and WiseTech Global WTCAX slumped 59 and 41 respectively Financials AXFJ slipped 06 but gained 22 this week to notch their best week in a month Among the Big Four banks Commonwealth Bank of Australia CBAAX and National Australia Bank NABAX shed 04 and 02 respectively On the upside the metals and mining index AXMM advanced 03 on strong iron ore prices The energy index AXEJ added 03 as oil prices clawed back some lost ground New Zealand s benchmark SPNZX 50 index NZ50 fell 09 to 1182138 The benchmark lost 26 in five days its worst week in six Reporting by Upasana Singh in Bengaluru Editing by Sherry Jacob Phillips

Here are Thursday s biggest calls on Wall Street Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer removing a powerful near term profit driver This change is driven by our view that client cash sorting will continue at an elevated pace in 1H23 pressuring liquidity interest earning assets bank deposit account BDA levels Read more about this call here JPMorgan reiterates Apple as overweight JPMorgan said it s sticking with its buy rating despite a tough setup heading into earnings on Feb 2 We view the upcoming earnings print as a tough setup for Apple given the supply headwinds faced though the Dec Q which are now leading and extending into demand concerns for the Mar Q and beyond Piper Sandler reiterates Tesla as outperform Piper said investors should be proactively buying shares of the electric car maker We are updating our model in preparation for earnings on January 25th Tesla took longer than expected to cut prices but now that pricing adjustments have been made and now that the valuation has reset we think investors should be proactively buying TSLA Jefferies upgrades Philip Morris to buy from hold Jefferies said Philip Morris stock is recession resistant While maybe not recession proof tobacco is certainly recession resistant with better returns visibility amidst a deteriorating macro and this was clearly evident post 2008—as laid out in the note—when tobacco outperformed both wider staples and the market Read more about this call here KeyBanc upgrades Chegg to overweight from sector weight KeyBanc said growth trends are stabilizing for the in its upgrade of the education company We are making the tactical upgrade of Chegg on the premise that EBITDA margin upside will be the key driver of the stock over the next 12 months Wells Fargo names Meta Amazon and Alphabet top 2023 picks Wells says Meta Amazon and Alphabet have solid fundamentals and should outperform in 2023 On a relative basis among our megacap Internet coverage AMZN GOOGL and META AMZN and GOOGL trade at a premium to the remainder of the group reflecting the traditional flight to quality in a softening macro environment Barclays names Meta a top 2023 pick Barclays said this is the year the narrative improves for Meta Growth slows in 1Q23 bottom circa 2Q23 then slowly start to re accelerate off a low base in 2H fears of cookie deprecation increase Wells Fargo initiates Corteva as overweight Wells said the agriculture company has strong near and long term ag fundamentals We are constructive on the fundamentals for grain prices in both the near term driven by tight inventories and low crop yields and long term driven by secular demand growth trends supporting MSD top line growth through the next decade Oppenheimer initiates Toll Brothers as outperform Oppenheimer said Toll has a compelling valuation We see less downside risk to gross margin than with other builders given its to be built business model and backlog Oppenheimer initiates PulteGroup as outperform Oppenheimer said the homebuilder has one of the best balance sheets in the sector We like how PHM has a balanced buyer mix which we think allows the company to capture strength in different buyer segments and offer attractive returns and risk mitigation Deutsche Bank reiterates Tesla as buy Deutsche said the automaker could be a top performer in 2023 We also believe TSLA could perform well in 2023 if it can demonstrate continued strong earnings power despite bold price cuts JPMorgan names Meta a top pick into earnings JPMorgan said Meta is well positioned into earnings next week We appreciate mgmt s newfound cost discipline and we raised estimates following the November announcement of headcount reductions lower expensescapex Bank of America names ServiceNow as a top pick Bank of America said ServiceNow has best in class growth Resilient growth is driven by incremental traction with newer employee and customer organizations on demand for quick time to value and high ROI associated with ServiceNow s workflow automation suite Read more about this call here Bank of America reiterates Disney as buy Bank of America said the return of Bob Iger has been a boost to investor sentiment and that selling ESPN is not a slam dunk With the return of Bob Iger as CEO we believe DIS is likely to undergo a broader strategic review of its asset mix Morgan Stanley reiterates Netflix as equal weight Morgan Stanley said it thinks the company s ad tier business is already priced into the stock heading into earnings on Thursday afternoon We see ad tier and paid sharing success largely baked into expectations and valuation At over 50 of revenue we see leveraging content costs as key to supporting long term margin expansion and NFLX premium valuation Morgan Stanley downgrades Roblox to equal weight from overweight Morgan Stanley said in its downgrade of Roblox that the good news looks already priced in We believe the 1H bookings reacceleration looks priced in with more mixed catalysts ahead as we expect slower growth in 2H and minimal upside from advertising in the near term Read more about this call here MoffettNathanson upgrades IBM to market perform from underperform Moffett said its survey checks show IBM should benefit from a strong demand in IT services Surprisingly the survey indicated that we should expect continued strong demand for IT Services in 2023 despite – and in some cases even because of – recession concerns

Facing low expectations Peloton Interactive Inc shares have ample room to ride higher according to an analyst Bernstein’s Aneesha Sherman initiated coverage of Peloton’s stock PTON with an outperform rating and 40 price target late Monday arguing that investors are far too pessimistic about the connected fitness company’s prospects Shares of Peloton are up more than 9 in midday trading Tuesday Shares have declined 80 over the past 12 months as the SP 500 SPX has increased about 7 Sherman noted that “the stock’s catastrophic fall from grace has been accompanied by rapid downward sales and EPS earnings per share revisions to the point where we think the worst case scenarios are already priced in” The company has struggled in recent months to adapt to new behavioral trends as the pandemic evolves While Peloton had been a big winner in the early days of the COVID 19 crisis as people sought interactive fitness experiences within their homes Peloton has seen new demand fall off now that pandemic related restrictions have eased Two years of COVID 19 How the pandemic changed the way we shop work invest and get medical care Sherman expects that the company will be able to regain its mojo and she sees the main question as simply “when” “Investors will disagree on how quickly one should assume Peloton will get back on track” while turning free cash flow positive and margin positive she wrote “Regardless of the pace of the ramp we believe the direction of travel from here is up and to the right” Sherman deems Peloton’s business healthy even though the company miscalculated demand trends and didn’t appropriately manage its supply chain “We think the engaged user base sticky subs revenue streams and growing TAM total addressable market are markers of a healthy underlying business that are hard to recreate” she wrote “With these fundamentals better management around key decisions such as supply chain store growth and pricing can drive real upside” See also A bunch of fitness companies have jumped into the IPO market this year It’s not working out Sherman noted that even in the pre pandemic days Peloton enjoyed “a cult following of die hard engaged some might say obsessed users” The company continues to generate strong engagement from existing users and has a low churn rate she said Peloton has opportunities to expand its connected fitness offerings further with forays into different areas of the exercise world Sherman continued and that could help give the company a much larger total addressable market than it previously estimated Sherman acknowledged that a key issue for Wall Street concerns Peloton’s bottom line but she’s upbeat about several trends in the business including an eventual mix shift toward higher margin hardware and a new delivery fee “A big part of Peloton’s restructuring plan involves establishing a clear path to consistent profitability and sustainable FCF free cash flow ” she wrote “With an increasingly variable cost structure on supply chain we think PTON can protect the downside”

A whale with a lot of money to spend has taken a noticeably bearish stance on Freeport McMoRan Looking at options history for Freeport McMoRan FCX we detected 19 strange trades If we consider the specifics of each trade it is accurate to state that 5 of the investors opened trades with bullish expectations and 94 with bearish From the overall spotted trades 17 are puts for a total amount of 818950 and 2 calls for a total amount of 112500 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 250 to 340 for Freeport McMoRan over the last 3 months In terms of liquidity and interest the mean open interest for Freeport McMoRan options trades today is 244933 with a total volume of 2952300 In the following chart we are able to follow the development of volume and open interest of call and put options for Freeport McMoRan s big money trades within a strike price range of 250 to 340 over the last 30 days Freeport McMoRan Option Volume And Open Interest Over Last 30 Days Where Is Freeport McMoRan Standing Right Now With a volume of 10722405 the price of FCX is down 068 at 3267 RSI indicators hint that the underlying stock may be approaching overbought Next earnings are expected to be released in 84 days What The Experts Say On Freeport McMoRan Exane BNP Paribas downgraded its action to Neutral with a price target of 29 RBC Capital has decided to maintain their Sector Perform rating on Freeport McMoRan which currently sits at a price target of 34 Goldman Sachs has decided to maintain their Buy rating on Freeport McMoRan which currently sits at a price target of 39 Deutsche Bank has decided to maintain their Hold rating on Freeport McMoRan which currently sits at a price target of 30 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Freeport McMoRan Benzinga Pro gives you real time options trades alerts

Someone with a lot of money to spend has taken a bearish stance on Deere NYSEDE And retail traders should know We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga Whether this is an institution or just a wealthy individual we don t know But when something this big happens with DE it often means somebody knows something is about to happen So how do we know what this whale just did Today Benzinga s options scanner spotted 20 uncommon options trades for Deere This isn t normal The overall sentiment of these big money traders is split between 45 bullish and 55 bearish Out of all of the special options we uncovered 12 are puts for a total amount of 1326048 and 8 are calls for a total amount of 632643 What s The Price Target Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 3100 to 3900 for Deere over the last 3 months Volume Open Interest Development Looking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Deere s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Deere s whale trades within a strike price range from 3100 to 3900 in the last 30 days Deere Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted Symbol PUTCALL Trade Type Sentiment Exp Date Strike Price Total Trade Price Open Interest Volume DE PUT SWEEP BULLISH 012023 32000 3491K 858 537 DE PUT TRADE BULLISH 012023 33000 2737K 557 365 DE CALL TRADE BEARISH 012023 34000 2555K 605 72 DE PUT TRADE BULLISH 012023 33000 2203K 557 92 DE PUT SWEEP BULLISH 012023 33000 2080K 557 668 Where Is Deere Standing Right Now With a volume of 539174 the price of DE is up 12 at 37044 RSI indicators hint that the underlying stock may be overbought Next earnings are expected to be released in 3 days What The Experts Say On Deere Evercore ISI Group upgraded its action to Outperform with a price target of 416 Oppenheimer has decided to maintain their Outperform rating on Deere which currently sits at a price target of 365 Deutsche Bank has decided to maintain their Hold rating on Deere which currently sits at a price target of 388 Morgan Stanley has decided to maintain their Overweight rating on Deere which currently sits at a price target of 416 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Deere Benzinga Pro gives you real time options trades alerts

TODAY ONLY For only 7 get 2 bear market beating options trade straight to your inbox and SMS every month Click Here Now to Get Started Healthcare IT Market Research Report Gives in Detailed Analysis of Industry Segments Opportunities Growth and Size That Will Help Your Business Grow According to the new market research report “Healthcare IT Market by Products Services Healthcare Provider Solutions Healthcare Payer Solutions HCIT Outsourcing Services Components Services Software Hardware End User and Region – Global Forecast to 2026″ published by MarketsandMarkets™ the Healthcare IT Market is projected to reach USD 8292 billion by 2026 from USD 3192 billion in 2021 at a CAGR of 210 during the forecast period The growth of Healthcare IT Market is majorly attributed to government mandates support for healthcare IT solutions rising use of big data in healthcare high returns on investment associated with healthcare IT solutions the need to curtail escalating healthcare costs the growing demand for and use of HCIT solutions due to COVID 19 and the growing mHealth telehealth and remote patient monitoring markets On the other hand IT infrastructural constraints in developing countries the high cost of deployment of HCIT solutions for small and medium sized hospitals in emerging countries and resistance from traditional healthcare providers By product and services type segment the healthcare provider solutions segment accounted for the largest market share during the forecast period Based on products and services the healthcare IT market has been segmented into healthcare provider solutions healthcare payer solutions and HCIT outsourcing services The factors attributing to the large revenue of the healthcare provider solutions segment include the need to control the growing healthcare costs and improve the efficiency of healthcare services by reducing medical errors Clinical healthcare IT solutions accounted for the largest market share in the healthcare provider solutions segment during the forecast period In the healthcare provider solutions segment clinical healthcare IT solutions accounted for the largest market share during the forecast period This can be attributed to the increasing demand for improved patient safety and patient care stringent regulations and the increasing need for integrated healthcare systems In the segment of the healthcare payer solutions claims management solutions accounted for the largest market share during the forecast period Under the segment of the healthcare payer solutions claims management solutions held the largest share during the forecast period Growth in this market is mainly driven by the frequent need for upgrades in software applications North America dominates the Healthcare IT market during the forecast period North America accounted for the largest share of the Healthcare Information Technology Market in 2020 Stringent legislative and accreditation requirements regarding healthcare the high adoption rate of HCIT technologies regulatory requirements regarding patient safety and the presence of a large number of IT companies in North America are the major factor contributing to this The major players in the global healthcare IT market include Optum US Cerner US Cognizant US Change Healthcare US Philips Healthcare Netherlands Epic Systems US Dell Technologies US Allscripts US GE Healthcare US IBM US athenahealth US eClinicalWorks US Oracle Corporation US Conduent US Infor US Tata Consultancy Services India Wipro Limited India Conifer Health US Nuance US 3M US Inovalon US InterSystems US Carestream Health US Orion Health US Practice Fusion US and SAS Institute US Press Release Distributed by ABNewswirecom To view the original version on ABNewswire visit Healthcare IT Market worth 8292 billion by 2026 – Exclusive Report by MarketsandMarkets

One of the most famous dogs on the planet is the subject of a new documentary Here’s what you need to know about The Doge Documentary which will center on the life of Kabosu and owner Atsuko Sato What Happened Known around the world as the dog in the doge meme Kabosu is a Shiba Inu dogadopted by Atsuko Sato in November 2008 from an animal shelter “She was a pedigreed dog from a puppy mill and when the puppy mill closed down she was abandoned along with 19 other Shiba dogs” Sato previously said Kabosu and Sato are featured in the new “The Doge Documentary” which is the first feature length film about the famous dog that launched a meme and inspired the creation of cryptocurrency Dogecoin CRYPTO DOGE The documentary features interviews with Kabosu Sato and John Monarch the creator of the first Doge meme “Our goal is to tell the inspirational story of Doge and her incredible impact on the world her growth over the many evolutions of the internet from dog to blog to influencer to Reddit to meme to Dogecoin to Own the Doge and beyond” a Twitter post about the documentary said The documentary does not have a release date and appears to be shopping for a streaming partner to pick It up “We want the people to know to understand how a simple photograph of a dog has spread joy and happiness around the world bringing people together for hijinks again and again” The sneak peek of the documentary shows an interview with Sato “Atsuko Sato took a photograph of her dog Kabosu and posted it online Two years later the photo went viral” the film footage reads “I really didn’t think much of the picture Kabosu must have been born with some kind of mission” Sato said in the film Also featuredis footage of Elon Musk on “Saturday Night Live” explaining what Dogecoin is The sneak peek ends with the words “an underdog e story” Announcing THE Doge Documentary It’s FINALLY time to celebrate nearly 2 decades of Doge Kabosumama This will be the FIRST EVER feature length film about Doge when completed Here s a never before seen sneak peek pictwittercomcnTeMrwmpT— tridog tridog April 10 2023 The film has been funded by Own the Doge and PleasrDao The filmmakers are welcoming feedback on additional stories and people that should be interviewed and also looking for title ideas for the movie “Comment ideas on how to bring the Doge community together create an incredible film that will forever immortalize the legend of Doge the filmmakers said A meme contest for the “dogeumentary” is also going through April 20 Related Link How To Buy Dogecoin DOGE Why It’s Important Dogecoin is one of the most popular andvaluable cryptocurrencies The meme cryptocurrency became one of the top trending topics in 2021 and has been supported by the likes ofMusk and Mark Cuban The Doge NFT is the most expensive meme ever sold and fourth most expensive photo ever sold according to OwntheDoge Referred to as the “internet’s Mona Lisa” the Doge meme has been fractionalized and owned by many people around the world Kabosu has over 400000 followers on Instagram and has captured the hearts of dog fans and cryptocurrency fans worldwide A health scare in late 2022 brought more attention to the dog that inspired a meme and crypto As the story goes after adopting the dog Sato took pictures of her 8 year old Shiba Inu in a random photoshoot The photos were shared on a blog she started and eventually found their way on Reddit Plesardao purchased the meme NFT and is also behind the sale of the couch that was featured in the original meme Own the Doge recently announced it would be selling tickets to meet Kabosu as its “The Doge Pilgrimage” initiative Read Next 5 Things You Might Not Know About Dogecoin Co Creator Billy Markus PhotoKabosu via Wikicommons

Cova Software a provider of cannabis retail software introduced Cova Pay in Canada a payment processing solution for cannabis stores Cova Pay integrates with Cova Point of Sale and enables cannabis retailers to accept and process debit and credit card payments directly through the POS provider eliminating the need for third party payment contracts The software will use mobile terminals that are preconfigured and extensible The support I ve had from Cova is unparalleled and I attribute a significant part of our success to that stated Helene Vassos founder and CEO of Ontario based Canvas Cannabis Cova is a lot more than just POS software its retail management tools help Canvas stay on top of everything No other company comes even close According to the company the current payment processing experience for cannabis retailers has proven quite costly taxing and time consuming In addition to full integration with Cova s POS and e commerce solutions Cova Pay will offer the following features and benefits to cannabis retailers Simple centralized billing and reporting Clients will no longer need to deal with multiple companies or platforms to see the numbers that impact their revenue Cova POS will securely communicate directly to terminals with no need for error or theft prone manual entry Cova Pay will also deploy new hardware—modern extensible Wi Fi and LTE capable terminals to complement Cova s tablet based POS End to end single point of contact support for which the company has earned a strong reputation industry wide As Cova evolves our mission to simplify the complex and commitment to reliability remain the foundation stated Gary Cohen CEO of Cova Software As the Canadian cannabis market has matured retailers have exposed the need for a next level payment solution that isn t glitchy failure prone or difficult when resolving issues We couldn t be more excited to present Cova Pay as a better modern solution eliminating the hassle of working with unreliable third party payment providers Photo Courtesy of Cova Software

A man walks past Ralph Lauren Corp s flagship Polo store on Fifth Avenue in New York City US April 4 2017 REUTERSBrendan McDermid May 25 Reuters Upbeat profit forecasts from Nordstrom JWNN and Ralph Lauren RLN underscore the edge high end chains have over the wider US retail industry in an inflationary environment thanks to the deep pockets of their customer base The retail landscape is feeling the strain of decades high inflation as a sharp increase in prices of everything from TVs to toothpaste prompts most consumers to curb their spending habit In the past few weeks major retail chains including Walmart WMTN and Target TGTN have reported steep declines in their quarterly profit due to surging costs of freight and labor as well as consumers trading down to essentials nL2N2XF1ZM Their luxury counterparts however have dodged the inflation bullet To date we haven t seen an adverse impact on customer spending from inflationary pressures which we suspect is due to the higher income profile of our customer base Nordstrom Chief Financial Officer Anne Bramman said on Tuesday after the company raised its annual profit and revenue forecasts read more Ralph Lauren which also forecast full year sales margins above expectations called their consumers resilient while premium parka maker Canada Goose GOOSTO said consumer confidence remains strong read more This earnings cycle has been showing a dichotomy between higher and lower income demographics BMO Capital Markets analyst Simeon Siegel said Whether that holds in the future remains to be seen but at least for now companies like Nordstrom are suggesting that they have been more insulated given higher end customers But for those retailers that cater to a less affluent demographic the impact of four decade high inflation was more pronounced in the quarter ended April Companies ranging from Target to Gillette maker PG PGN that were previously successful in passing on higher freight and labor costs to consumers have now started to warn of a push back The latest consumer price index jumped 83 on an annual basis while prices for gasoline stand more than 50 higher than a year ago according to automobile club AAA read more The change in consumer behavior is forcing retailers to offer more promotions and discounts while luxury firms continue to sell their products at full price Executives at Coach owner Tapestry and Ralph Lauren have said they have enough room to raise prices without seeing a big push back from their more affluent customer base European luxury brands including Chanel and Burberry BRBYL have reported seeing little impact on demand from rising prices read more We continue to see pricing power across the portfolio Importantly we have seen no negative impact on customer demand from these price increases Tapestry CEO Joanne Crevoiserat said on a post earnings call earlier this month read more Reporting by Mehr Bedi and Aishwarya Venugopal in Bengaluru Editing by Anil D Silva

West Fraser Timber Co Ltd WFG shares jumped 21 in premarket trades after Reuters reported the company received an expression of interest for an acquisition by CVC Capital and Kronospan Ltd a privately held UK based wood panel manufacturer Citing people familiar with the company Reuters reported that Kronospan and CVC contacted West Fraser Lumber and said they would be interested in pursuing talks about purchasing the company At last check West Fraser Lumber had a market capitalization of 84 billion Prior to Tuesday s trades West Fraser Lumber stock has fallen 127 in 2022 compared to a 274 loss by the Nasdaq COMP and a drop of 196 by the SP 500 SPX

Continued supply chain pressures led to a big decline in new car registrations in the European Union in April according to data from European Automobile Manufacturers Association or ACEA Total new car registrations in the bloc fell 21 on year to 684506 units sold This was the lowest volume for the month of April since records began barring the Covid 19 pandemic hit April 2020 ACEA said S upply chain issues continued to weigh heavily on car production the association said All major markets contributed to the decline with Italy registering the sharpest decrease among them at a 33 fall ACEA said Similarly nearly all major auto makers registered declines in the month with Stellantis NV seeing the biggest decrease at 32 on year according to the association In the first four months of the year taken together registrations declined 14 ACEA said

Tesla IncNASDAQTSLA did not sell any of its Bitcoin CRYPTO BTC holdings this quarter the company said in its latest earnings report The EV maker holds about 10500 BTC What Happened According to Tesla s third quarter earnings report 218 million worth of “digital assets” remain on the company s balance sheet The company didn t discuss cryptocurrencies at the conference call following theearnings report See More BEST CRYPTOCURRENCY SCANNERS At the end of the second quarter in July Tesla had sold 936 million worth of its BTC approximately 75 of its holdings in a bid to raise cash “The reason we sold a bunch of our Bitcoin holdings was that we were uncertain as to when the COVID lockdowns in China would alleviate So it was important for us to maximize our cash position” Tesla CEO Elon Musksaid during the second quarterly call in July Musk statedthat the company was open to increasing Bitcoin holdings in the future “so this should not be taken as some verdict on Bitcoin He added It s just that we were concerned about overall liquidity for the company given COVID shutdowns in China” Musk also said that the company didn t sell any of itsDogecoinCRYPTO DOGE holdings Tesla had earlier said it made 64 million on the sale of its holdings in the second quarter For the third quarter the company posted 33 billion in profits reachingrevenues of 2145 billion Price Action At the time of writing Bitcoin was at 1913117 down by 021 in the last 24 hours according to data from Benzinga Pro Read Next As Bitcoin Ethereum Trade Muted DeFi Tokens Steal Spotlight One Crypto Rallies 10

A dark cloud is hanging over the United Parcel Service Inc NYSEUPS as the Teamsters Union representing nearly 340000 UPS workers moves toward what could be the largest labor strike in the US in decadesWith the union’s contract set to expire at the end of July a storm of labor unrest is gathering pace fueled by frustrations over wage inequalities working conditions and labor rights What Happened The Teamsters Union which represents 340000 members of the UPS labor force said on Wednesday that UPS abandoned efforts to negotiate a new contract UPS contests this telling Benzinga in a statement Teamsters have stopped negotiating despite historic proposals that build on our industry leading pay We have not walked away and the union has a responsibility to remain at the table The union s primary contention revolves around securing higher pay and more full time jobs for UPS employees In response UPS said “we re proud of what we ve put forward in these negotiations which deliver wins for our people”The Teamster demands extend beyond monetary terms insisting on the removal of surveillance cameras from delivery trucks and wage parity across workers performing the same job irrespective of their time on the jobRead also Goldman Sachs Upgrades Netflix As Subscribers Return But Competition Raises Challenges Ahead Why It’s Important As negotiations falter there is growing concern about the potential disruption a strike of this breadth could bring to the economy “Refusing to negotiate especially when the finish line is in sight creates significant unease among employees and customers and threatens to disrupt the US economy” UPS said to Benzinga UPS handles nearly 25 of all US parcel volume roughly 24 million packages daily The 154 billion company accounts for about 6 of the US economy according to shipping and logistics firm Pitney Bowes A strike would inevitably lead to a breakdown in national supply chains and delay millions of Americans’ package deliveries A strike by UPS employees would be the most significant labor walkout since a steelworkers’ strike in 1959 according to CBS Given UPS’s integral role in the US economy the ripple effects of the labor disruption would be far reaching potentially causing significant bottlenecks across national supply chains and impacting a significant portion of the economy The labor dispute also places UPS’s competitors FedEx Corp NYSEFDX and Amazoncom Inc NASDAQAMZN under the spotlight They stand as potential beneficiaries should the strike proceed offering a potential for market share expansion The labor unrest at UPS also sends a cautionary message to its competitors about the growing assertiveness of labor unions which could resonate across the entire industry Interestingly UPS warned that the union’s actions could also inadvertently boost its competitors “Only our non union competitors benefit from the Teamsters actions” UPS added urging the Teamsters to return to the negotiating table to finalize the dealWhat’s Next Deutsche Bank AG NYSEDB in May told investors in a note that it expects a UPS strike to be averted cautioning that shares are likely to underperform until a new labor agreement is reached Deutsche also projected a sharp rebound in shares once a settlement is finalized and the strike is effectively off the table The labor struggles at UPS are a critical example of the broader labor unrest in the US this year as seen with the Writers Guild of America strike and the Starbucks Corporation NASDAQSBUX strikeRead next Nvidia Prints Reversal Signal Amid Increasing US China Tensions The Bull Bear Case For The Chipmaker

Someone with a lot of money to spend has taken a bearish stance on Nucor NYSENUEAnd retail traders should knowWe noticed this today when the big position showed up on publicly available options history that we track here at BenzingaWhether this is an institution or just a wealthy individual we don t know But when something this big happens with NUE it often means somebody knows something is about to happenSo how do we know what this whale just did Today Benzinga s options scanner spotted 12 uncommon options trades for NucorThis isn t normalThe overall sentiment of these big money traders is split between 33 bullish and 66 bearishOut of all of the special options we uncovered 6 are puts for a total amount of 1208923 and 6 are calls for a total amount of 529988What s The Price TargetTaking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 1100 to 1400 for Nucor over the last 3 months Volume Open Interest DevelopmentLooking at the volume and open interest is an insightful way to conduct due diligence on a stockThis data can help you track the liquidity and interest for Nucor s options for a given strike priceBelow we can observe the evolution of the volume and open interest of calls and puts respectively for all of Nucor s whale activity within a strike price range from 1100 to 1400 in the last 30 days Nucor Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted SymbolPUTCALLTrade TypeSentimentExp DateStrike PriceTotal Trade PriceOpen InterestVolume NUEPUTTRADEBULLISH011924110008825K200500 NUECALLSWEEPBULLISH111822130001776K485714 NUECALLSWEEPBULLISH102122115001320K10K233 NUEPUTSWEEPBEARISH111822110001249K10K296 NUECALLSWEEPBEARISH11182213000861K485268 Where Is Nucor Standing Right Now With a volume of 1531969 the price of NUE is up 01 at 11797 RSI indicators hint that the underlying stock may be approaching oversoldNext earnings are expected to be released in 14 days What The Experts Say On Nucor Credit Suisse has decided to maintain their Outperform rating on Nucor which currently sits at a price target of 140 Goldman Sachs has decided to maintain their Neutral rating on Nucor which currently sits at a price target of 114 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closelyIf you want to stay updated on the latest options trades for Nucor Benzinga Pro gives you real time options trades alerts

Zendesk Inc shares fell another 7 to 6437 a day after the company said it would continue as an independent public company after its board completed a review of strategic alternatives The stock hit a 52 week low of 6411 earlier in the session and closed Thursday s session down 14 Zendesk s board on Thursday unanimously voted to continue moving forward as an independent company Zendesk which provides cloud based software for handling customer service said its financial advisers reached out to 26 potential buyers including a group of investors who had previously expressed conditional interest in acquiring the company The company said it engaged in talks over several months but no actionable proposals were submitted with the final bidders citing adverse market conditions and financing difficulties

BENGALURU Jan 27 Reuters Indian shares are set to open higher on Friday benefiting from a broader risk on sentiment after stronger than expected US economic growth data eased concerns of a recession while investors remained watchful ahead of release of the federal budget and central bank meetings due next week India s NSE stock futures listed on the Singapore exchange were up 044 at 1803250 as of 0734 am IST Indian markets were closed on Thursday for a public holiday Benchmark indexes the Nifty 50 index NSEI and the SP BSE Sensex BSESN have lost 07 each in the truncated week so far Meanwhile the US economy grew faster than expected in the fourth quarter as consumers boosted spending on goods data showed though it could be the last quarter of solid GDP growth before the lagged effects of the Federal Reserve s steep interest rate hikes are fully felt Wall Street overnight ended in the positive territory as strong US economic data eased recession worries In other Asian markets MSCI s broadest index of Asia Pacific shares outside Japan MIAPJ0000PUS rose 053 to touch a nearly nine month high Data on Thursday showed the US economy fared better in the fourth quarter than analysts expected and the labor market remained tight despite some signs of weakening demand Investors will shift focus to the Union budget on Feb 1 with the government s fiscal consolidation path and borrowing calendar for fiscal 2024 as triggers Also due next week are the monetary policy meetings of the Fed Bank of England and European Central Bank that will shed light on the path of interest rates the central banks will likely take Foreign institutional investors sold 2394 billion rupees 29404 million worth of shares on a net basis on Wednesday while domestic institutional investors bought 1378 billion rupees of equities Adani Enterprises ADELNS Co to launch its follow on public offer of 200 billion rupees on Friday which closes on Jan 31 The price band of the FPO is 3112 3276 per share Co has also said that it s evaluating action against Hindenburg Research over its accusations of improper use of offshore tax havens Tata Motors TAMONS Co beat analysts expectations and posted profit for the first time in two years in the third quarter Dr Reddy s Laboratories Co reports consolidated net profit that beat estimates for third quarter on upbeat North America business Bajaj Auto BAJANS Co reports a bigger than expected third quarter profit on Wednesday as strong domestic demand and an increase in prices of its motorcycles and scooters made up for weak exports DLF DLFNS Co posts rise in consolidated net profit in December quarter on reduced costs stable demand Reporting by Rama Venkat in BengaluruEditing by Dhanya Ann Thoppil

Construction spending in the US cooled in March as an increase in outlays on residential projects was dragged by a decline in nonresidential investment Construction spending increased 01 in March compared with the previous month easing from a 05 rise in February data from the Commerce Department showed Monday The reading misses a 08 increase expected from economists in a poll by The Wall Street Journal Outlays on residential construction increased 1 on month with spending on new single family homes advancing 13 and investment in multi family housing projects falling 05 Spending on nonresidential construction decreased 08 on month the data showed

The numbers Some 435 million workers quit in February most to take better jobs in a sign the US labor market is still the tightest it’s been in decades Employees have more leverage over employers and they are taking advantage of it The number of people quitting topped 4 million last June for the first time ever And it’s now happened nine months in a row part of a pandemic era trend that’s become known as “The Great Resignation” Before the pandemic the number of people quitting jobs averaged fewer than 3 million a month Most who quit are finding new jobs and not leaving the labor force entirely however US job openings fell slightly to 1127 million in February the Labor Department said Tuesday but remained near a record high There’s almost two open jobs for every unemployed person Big picture The economy has a huge number of open jobs and layoffs are at record lows giving workers the opportunity to find better or better paying jobs Wages are rising at the fastest pace in decades Many companies are trying to hire as fast as they can because of strong demand for their goods and services but they complain they still can’t find enough workers The ongoing labor shortage is exacerbating high US inflation and making it harder for businesses to keep production going at full tilt Market reaction The Dow Jones Industrial Average DJIA and SP 500 SPX rose sharply in Tuesday trades on hopes of the Russia Ukraine conflict easing

CC may contain inaccuracies Taking a look at the market reaction when it comes to the latest CPI print these Fed expectations clearly even with internal concerns about a recession about a potential credit risk of a credit crisis They re still forging ahead with the likelihood of more hikes Do you think market expectations are now well aligned I do think that the ISE for the main meeting the market expectations of all the lines so we re still expecting 25 basis point increase Even just off the CPI numbers a number of Fed speakers reiterated the importance of maintaining a tight march policy in order to read core inflation I think the real question is when will the Fed start to consider cutting rates Because ultimately again the position right now is for the Fed rates to stay where it is or where it will be after the main meeting Now for much of this year going into 2024 if you look at futures market you look at the last market but market stock price is somewhere between 50 to 75 basis points of rate cuts by the end of this year which I think is a bit aggressive though I think the key is going to be where are the Fed will start to turn in terms of interest rate cuts rather than where a policy breaks for the peak I think we are very much approaching the end of the hiking supported So when you take a look though perhaps in the near term still higher rates in the US you re looking at potential risk for rerating when it comes to some of these Asian valuations and the broader weakness that we re seeing when it comes to growth that the South Korean trade numbers for example feeding into that picture Are these reasons why you fund fixed income at this point more compelling than equities Well do you think if you look at the US economic cycle if we are approaching recession and I think we are in fixed income with US government bonds or investment grade corporate finance tends to perform better and provide more resilience The risk for high yield for example is for wanted to thing and that will impact on bond prices And of course for equities valuation is still not particularly cheap And I think earnings expectations are still too optimistic So from that perspective I do think the opportunity overall still favors fixed income at this point David here does that Sort of advice to recession proof your portfolio also apply if your exposure is mainly Asia where we might not actually feel the US recession if if if it does come of course Well I think you ve already seen some of that being reflected in Taiwan and South Korea last year Obviously Taiwan South Korea outperforming the first quarter But look again earnings expectations for 2023 continues to be really weak I think you want to so called recession proof Krueger portfolio for Asian investors China some of the more domestically focused companies in Asia I think those are better places to be Ultimately you have a Chinese economy that is recovering Obviously you want more And just to be far enough in the next few months I mean more policies in China continues to be accommodative I think that s great news It wasn t the Asian central banks They are starting to pull In fact of course they re not cutting rates So I think again from a policy angle the Asian central banks have a bit more autonomy compared to previous cycles Even if the Fed does raise rates once more in May Right I was looking at the onshore market some indicators like turnover and margin debt have started too I guess in some ways come alive Is that is that a precursor to some rally further down the road if not soon I think so I think I think it s not just about mom and dad or some of these financial indicators but most of the fact that if we re starting to see consumption leading the way and then excess investments we see from the total shows the financing numbers we saw companies are starting to feel optimistic by investing the real estate sector stabilizing I think these all really important signals to indicate that the Chinese economy is on the mend and that to sort of be really important in terms of driving corporate earnings for China which historically once you start to outperform US corporate earnings The Chinese market cannot outperform the US market

Quilter PLC on Wednesday reported a strong set of results for 2021 marked by a significant rise in pretax profit and a meterial increase in assets under management The UK asset manager posted a pretax profit of 85 million pounds 1114 million for last year compared with GBP9 million for 2020 Total income increased to GBP469 billion for 2021 from GBP346 billion for the previous year it said Quilter said that assets under management increased 13 to GBP1118 billion amid net flows and positive market movements The company had net inflows of GBP40 billion mainly linked to its new Quilter Investment Platform and up from GBP15 billion for 2020 The company s Solvency II ratio which represents capital strength stood at 275 following the payment of its recommended final dividend This compares with a ratio of 217 for the prior year The board has declared a final dividend of 39 pence a share taking the full year dividend of 56 pence a share up from 36 pence for 2020 The company said that even though its net inflows from the start of the year to the end of February were comfortably ahead of the year earlier period Russia s invasion of Ukraine will likely affect equity and bond markets investor sentiment and inflation Shares at 0827 GMT were up 755 pence or 64 at 12515 pence

Frontier Communications Parent IncNASDAQFYBR said an indirect subsidiary of the companyintends to offer approximately 105 billionof secured fiber network revenue term notes The bond deal can potentially upsize subject to market conditions and other factors The notes will be secured by certain of Frontier s fiber assets and associated customer contracts in the Dallas metropolitan area The issue constitutes the first offering of green bonds by a Frontier subsidiary Frontier intends to use the net proceeds of the offering to pay existing debt and for general corporate purposes Frontier filed for bankruptcy in April 2020 and planned to reduce more than 10 billion of its 17 billion debt by handing ownership to bondholders reportedBloomberg The report added that the company returned to the market with a 1 billion junk bond offering in 2021 Price Action FYBR shares are trading higher by 236 at 1564 in premarket on the last check Thursday

After the bloodbath seen in 2022 most cryptocurrencies began to turn the corner at the start of the new year The general increase in risk appetite has proven to besalubrious for the space Bitcoin Joins The Party BitcoinCRYPTO BTC the apex crypto peaked at 6878963 on Nov 10 2021 and went downhill for most of 2022 when it lost about 6427 The plunge was far steeper than the broader equity market but it was in line with high profile tech stocks The SP 500 Index lost a more modest 1944 In comparison mega cap stocks such as Teslaand Meta ended 2022 with a loss of about 65 Last year splunge in Bitcoin s price was largely driven by macroeconomics and geopolitics as well as crypto industry specific risks The fall was swift and hard After starting 2022 at 4631175 it fell over the course of the first half of the year and bottomed at 1770862 on June 18 The apex crypto which has a market capitalization of just under 400 billion currently then consolidated below the 25000 level The crypto retested the mid June lows in early November and plummeted to a fresh bottom of 1559905 on Nov 21 2022 It was bouncing around this bottom until the first week of January 2023 Since Jan 8 Bitcoin has begun an uptrend and it scaled abovethe 20000 psychological resistance on Saturday going past the barrier for the first time since Nov 8 2022 Intraday it rose to a high of 2107514 Incidentally the new year has brought new hopes to the financial markets due to expectations that the slowing inflation and a soft economic patch would allowthe Fed to slow its fed funds rate hikes or even to pause Bond yields which rallied hard in 2022 have pulled back notably in the new year baking on expectations of at least a mild recession Source TradingView See also How To Buy Bitcoin BTC Returns From Bitcoin A 1000 invested in Bitcoin at its 2022 trough of 1559905 would have fetched 0064 of a bitcoin An astute investor who would have called the bottom right would now be sitting at a profit of roughly 37 based on Sunday’s intraday high of 2107514 in about three months Bitcoin bull and venture capitalist Tim Draper calls for the crypto to hit 250000 by the end of 2023 This would translate to a mouth watering return of roughly 1085 On the other hand skeptics are still guarded and downbeat Notwithstanding the recent upward bounce economist Peter Schiff has urged investors tosellBitcoin The crypto has to break above a near term resistance of 21500 to confirm the strength of the recent rally Further up the chart it has resistance around the 22600 level At last check Bitcoin was up 015 in the past 24 hours 2089858 according to Benzinga Pro data Read nextBitcoin Bears Get Rekt As Shorts Suffer 74M Liquidation Analyst Says You ve Got To Pump It Photo courtesy of Shutterstock

USANA Health Sciences Inc shares fell Thursday a day after the company released preliminary second quarter results and lowered full year guidance At 1237 pm ET the company s shares were trading 141 lower at 6572 a share Earlier in the session the stock touched a 52 week low of 6349 a share USANA said Wednesday it was expecting second quarter per share earnings of 105 on sales of 265 million In the year ago period the company reported a profit of 187 a share on sales of 337 million The company lowered its full year guidance to a profit of 385 and 445 a share with sales expected at 1015 billion to 1065 billion Previously the company said it expected a full year profit of 5 to 570 a share and sales of 11 billion to 12 billion Chief Executive Kevin Guest said the company s sales performance during the second quarter was below expectations amid Covid related lockdowns restrictions and other disruptions in mainland China and other markets Jefferies on Thursday cut it USANA price target to 53 a share from 78 as reported by Benzinga

Photo Me International PLC said Monday that it swung to a pretax profit for fiscal 2021 as revenue rose and that it has sufficient financial resources to continue to deal with economic risks over the next five years The London listed company which provides photo booth printing and laundry equipment said that for the year ended Oct 31 pretax profit was 286 million pounds 377 million compared with a pretax loss of GBP279 million for fiscal 2020 Revenue rose to GBP2144 million from GBP1864 million The company said it benefited from an easing of Covid 19 related restrictions on the movement of people across its key markets compared with the year prior period The company said that activity in the second half in Japan was affected by pandemic related restrictions and that China s trading conditions remained challenging owing to border closures as well as Covid 19 restrictions While there continues to be some disruption from the pandemic and market visibility is still somewhat limited we remain highly vigilant and continue to take the steps needed to mitigate the impact of the current trading environment on our operations and our financial position the company said

Shares of Cboe Global Markets Inc CBOE shed 186 to 11733 Thursday on what proved to be an all around grim trading session for the stock market with the SP 500 Index SPX falling 121 to 439259 and Dow Jones Industrial Average DJIA falling 033 to 3445123 The stock s fall snapped a three day winning streak Cboe Global Markets Inc closed 2167 short of its 52 week high 13900 which the company achieved on August 18th The stock underperformed when compared to some of its competitors Thursday as CME Group Inc Cl A CME fell 071 to 23766 Intercontinental Exchange Inc ICE fell 103 to 12453 and Nasdaq Inc NDAQ fell 157 to 17855 Trading volume 894066 eclipsed its 50 day average volume of 669794 Editor s Note This story was auto generated by Automated Insights an automation technology provider using data from Dow Jones and FactSet See our market data terms of use

NATO defense ministers are gathering today in Brussels to discuss how to reinforce the alliance s eastern flank in response to Russia s invasion of Ukraine The gathering could have implications beyond the alliance The defense minister of Ukraine where President Volodymyr Zelensky has urged NATO to provide more military assistance will participate So will those from Finland and Sweden where the idea of joining the alliance is gaining popularity as well as representatives from Georgia and the European Union NATO has said North Korea Weapons Test Appears to Have Failed Seoul Says SEOUL North Korea test fired an unknown projectile on Wednesday though the launch was unsuccessful South Korea s military said a stumble that Pyongyang has largely avoided in recent years The attempted launch occurred at 930 am local time from the Sunan area on the outskirts of Pyongyang according to the South Korean military The projectile appeared to have exploded during an early boost phase just after taking flight at an altitude of roughly 12 miles or less a South Korean military official said Japan s Defense Ministry said it was aware of the launch but unable to confirm the flight of any ballistic missile WASHINGTON The Senate confirmed Shalanda Young on Tuesday to be the director of the Office of Management and Budget the first Black woman to hold the position Ms Young who has served as the acting director of the agency was confirmed in a 61 36 vote WASHINGTON Attorney General Merrick Garland directed federal agencies to apply a presumption of openness when fulfilling Freedom of Information Act requests after lawmakers pressed him to increase transparency as the denial rate for such inquiries has risen in recent years Information that might be considered exempted from release shouldn t be withheld unless an agency can identify a foreseeable harm or legal bar to disclosure Mr Garland said in a memo Tuesday Energy Fuels 2021 Rev 32M Vs 17M EPS 1c Vs Loss 23c Will Continue to Seek New Revenue Sources Continue to Believe Uranium Supply Demand Fundamentals Point to Higher Sustained Uranium Prices Information Services 4Q EPS C057 Vs EPS C045 Ebitda C176M Vs C157M Rev C442M Vs C390M FY EPS C178 Vs EPS C118 Rev C1694M Vs C1367M Ebitda C605M Vs C434M Sees 2022 Rev C1680M C1730M Sees 2022 Net C230M Net C270M Nexus Industrial REIT 4Q Rev C275M Vs C156M Net Operating Income C191M Vs C97M 2021 Rev C836M Vs C614M Operating Income C560M Vs C392M to Make March Distribution of C005333Unit Nexus Industrial REIT Completed C2365M of Industrial Acquisitions So Far This Year Acquisition Pipeline Remains Strong Will Explore Opportunities to Add GLA at Several Recently Acquired Properties All times in GMT Powered by Kantar Media and Dow Jones Ampio Pharmaceuticals Inc AMPE is expected to report for 4Q Athenex Inc ATNX is expected to report 031 for 4Q Axcella Health Inc AXLA is expected to report for 4Q BRC Inc BRCC is expected to report for 4Q Ballantyne Strong BTN is expected to report for 4Q Calfrac Well Services CFWT is expected to report for 4Q Catalyst Pharmaceuticals Inc CPRX is expected to report 012 for 4Q Coda Octopus Group Inc CODA is expected to report for 1Q Coffee Holding Co JVA is expected to report 006 for 1Q Crawford United Corp CRAWA is expected to report for 4Q DICE Therapeutics Inc DICE is expected to report for 4Q Excellon Resources EXNT is expected to report for 4Q Ikena Oncology Inc IKNA is expected to report for 4Q InPlay Oil Corp IPOT is expected to report for 4Q InfuSystems INFU is expected to report 000 for 4Q Ion Geophysical Corp IO is expected to report 007 for 4Q Jabil Inc JBL is expected to report 123 for 2Q Kaleido Biosciences Inc KLDO is expected to report 060 for 4Q Lands End Inc LE is expected to report for 4Q Lennar Corp A Share LENLENB is expected to report 260 for 1Q Magellan Aerospace MALT is expected to report 004 for 4Q NewAge Inc NBEV is expected to report for 4Q Ocuphire Pharma Inc OCUP is expected to report for 4Q Pangaea Logistics Solutions Ltd PANLPNL is expected to report 053 for 4Q Ring Energy REI is expected to report 017 for 4Q Savara Inc SVRA is expected to report 046 for 4Q Shoe Carnival SCVL is expected to report 035 for 4Q Siebert Financial Corp SIEB is expected to report for 4Q Sigmatron International Inc SGMA is expected to report for 3Q Soleno Therapeutics Inc SLNO is expected to report 008 for 4Q Sonim Technologies Inc SONM is expected to report for 4Q SouthGobi Resources Ltd 1878HKSGQTSGQRF is expected to report 004 for 4Q Steel Connect Inc STCN is expected to report for 2Q Synthetic Biologics Inc SYN is expected to report 003 for 4Q Telos Corp TLS is expected to report for 4Q Viracta Therapeutics Inc VIRX is expected to report for 4Q Werewolf Therapeutics Inc HOWL is expected to report for 4Q Zovio Inc ZVO is expected to report for 4Q vTv Therapeutics Inc VTVT is expected to report 005 for 4Q Coupa Software Cut to Neutral From Overweight by Piper Sandler Coupa Software Cut to Perform From Outperform by Oppenheimer Evolv Technologies Cut to Hold From Buy by Stifel Fortive Raised to Overweight From Equal Weight by Barclays GoodRx Holdings Raised to Outperform From Neutral by Baird Hormel Foods Cut to Sell From Neutral by Goldman Sachs LiveRamp Holdings Raised to Outperform From Market Perform by BMO Capital Mosaic Raised to Buy From Neutral by Goldman Sachs Nektar Therapeutics Cut to Market Perform From Outperform by Cowen Co Nektar Therapeutics Cut to Neutral From Buy by BTIG Nektar Therapeutics Cut to Neutral From Buy by Mizuho Northern Oil Raised to Buy From Accumulate by Johnson Rice Prelude Therapeutics Cut to Neutral From Buy by B of A Securities UDR Inc Raised to Outperform From Peer Perform by Wolfe Research Washington Federal Raised to Buy From Neutral by DA Davidson WW Grainger Raised to Overweight From Neutral by Atlantic Equities Zoom Video Communications Raised to Buy From Hold by Benchmark Zynga Cut to Neutral From Buy by UBS This article is a text version of a Wall Street Journal newsletter published earlier today

Wall Street strategists bullish before Russia’s military buildup near Ukraine’s border are mostly sticking to their view that stock markets can weather Europe’s brewing security crisis For now at least After a week of volatility they say loose financial conditions and growing corporate profits will anchor large cap indexes amid deteriorating relations between Moscow and Western powers Corporate balance sheets meanwhile will prove broadly resilient to higher energy prices and disrupted supplies

IBM NYSEIBM posted better than expected earnings for its first quarter while sales missed expectations IBM posted quarterly earnings of 136 per share beating analysts’ estimates of 126 per share The company’s quarterly sales came in at 1425 billion versus expectations of 1435 billion IBM shares gained 32 to 13032 on Thursday These analysts made changes to their price targets on IBM following earnings announcement Morgan Stanley cut the price target on IBM from 143 to 135 Morgan Stanley analyst Eric Woodring maintained an Equal Weight rating Stifel lowered the price target on IBM from 150 to 140 Stifel analyst David Grossman maintained a Buy rating Evercore ISI Group cut the price target on IBM from 150 to 140 Evercore ISI Group analyst Amit Daryanani maintained the stock with an In Line rating Read This Next Wall Street s Most Accurate Analysts Say Buy These 3 Tech And Telecom Stocks Delivering High Dividend Yields

US stocks closed lower on Friday after Republicans withdrew from debt ceiling negotiations However all three major indices recorded gains last week Wall Street analysts make new stock picks on a daily basis Unfortunately for investors not all analysts have particularly impressive track records at predicting market movements Even when it comes to one single stock analyst ratings and price targets can vary widely leaving investors confused about which analyst s opinion to trust Benzinga s Analyst Ratings API is a collection of the highest quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell side banks Benzinga displays overnight ratings changes on a daily basis three hours prior to the US equity market opening Data specialists at investment dashboard provider Toggleai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market Top Analyst Picks Fortunately any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page One of the ways traders can sort through Benzinga s extensive database of analyst ratings is by analyst accuracy Here s a look at the most recent stock picks from each of the five most accurate Wall Street analysts according to Benzinga Analyst Stock Ratings Analyst Zachary Fadem Analyst Firm Wells Fargo Ratings Accuracy 87 Latest Rating Maintained an Overweight rating on The Home Depot Inc NYSEHD and cut the price target from 350 to 325 on May 17 2023 Fadem sees around 12 upside in the company’s stock Recent News Home Depot reported mixed first quarter financial results Analyst William Power Analyst Firm Baird Ratings Accuracy 86 Latest Rating Maintained an Outperform rating on Dynatrace Inc NYSEDT and increased the price target from 49 to 53 on May 18 2023 This analyst sees around 8 upside in the stock Recent News Dynatrace reported better than expected fourth quarter EPS and sales results and issued first quarter and FY24 revenue guidance above estimates Analyst Colin Sebastian Analyst Firm Baird Ratings Accuracy 83 Latest Rating Maintained an Outperform rating on Alibaba Group Holding Limited NYSEBABA and lowered the price target from 120 to 115 on May 19 2023 This analyst expects around 37 gain in the company’s stock Recent News Alibaba reported fourth quarter FY22 revenue growth of 2 year on year to 3032 billion Non GAAP earnings per ADS of 156 beat the consensus of 135 Analyst Jay McCanless Analyst Firm Wedbush Ratings Accuracy 83 Latest Rating Reiterated a Neutral rating on Zillow Group Inc NASDAQZG with a price target of 42 on May 19 2023 McCanless sees the stock dropping around 6 Recent News Zillow Group reported a 90 decline in revenue year over year for the first quarter of 2023 amid the still tumultuous housing market Analyst Jake Bartlett Analyst Firm Truist Securities Ratings Accuracy 83 Latest Rating Maintained a Buy rating on Jack in the Box Inc NASDAQJACK and raised the price target from 98 to 111 on May 18 2023 This analyst sees around 20 growth in the stock Recent News Jack In The Box Inc reported second quarter FY23 sales growth of 228 year on year to 3957 million beating the consensus of 38539 million Read More Alphabet VeriSign And 2 Other Stocks Insiders Are Selling

US markets have provided plenty of excitement this year to keep investors on their toes But as badly as US and European stocks have performed since the start of the 2022 emerging market equities have done worse But as the US dollar as retreated from its multi decade highs over the past month investors including Allianz’s Mohammad El Erian have pointed out that valuations in emerging markets have reached “historically cheap” levels Asked about his outlook for emerging markets Mark Mobius a pioneering investor who helped to build Franklin Templeton’s emerging markets business before launching Mobius Capital Partners argued that while the overall tone has been “generally negative” this year there are still plenty of opportunities to be found in the emerging markets space ‘We are finding good companies in all regions’ To be sure the underperformance of EM stocks is nothing new The MSCI Emerging Market Index 891800 a gauge that includes shares of companies from more than 20 of the world’s biggest markets in Asia Latin America and Africa is down 184 compared with the SP 500’s 134 SPX year to date Over the last 10 years MSCI’s EM index has returned just 369 in US dollar terms while the SP 500 has returned 2645 according to FactSet data Within the index performance has varied widely and past performance doesn’t dictate future returns When asked about his outlook for each region Mobius said it would be “impossible to generalize” but that he sees “opportunities” for investment around the world See Why the US stock rally is starting to a look like a new bull market according to these analysts “We are finding good companies in all regions” Mobius said during an email exchange with MarketWatch When it comes to individual countries Mobius said he favors India among the biggest EM players and sees opportunities in Kenya and South Africa among smaller emerging and frontier markets Any investor looking to invest in the EM space should keep a few important prerequisites in mind “The key is the foreign exchange situation and the country’s ability to pay it debts and our ability to get US dollars out of the country when we want to liquidate holdings” Mobius said At the company level Mobius looks for firms with strong pricing power and “little to no debt” Since the start of the year the financial crisis in Sri Lanka has stoked fears that other frontier markets might experience something similar as the strong dollar and high commodity prices weigh on the finances of countries that largely import commodities like oil See Stock market rally is ‘fragile’ after investors hoped earnings ‘Band Aid would get ripped off’ says RBC While there are a few exceptions the currencies of energy producers Mexico USDMXN and Brazil USDBRL have held up remarkably well the dollar has risen more than 6 against both the Indian rupee USDINR and Chinese yuan USDCNY Investing in emerging market equities likely means investing in Asia which is home to by far the largest share of publicly traded companies represented in the MSCI index Taiwan Semiconductor Manufacturing Co 2330 the semiconductor giant that’s a critical link in the global tech supply chain has the largest weighting of any company in that index Outside Asia Brazil has the biggest weighting with Brazilian companies comprising more than 5 of the index’s market capitalization One reason for this lopsided representation is that Latin American economies have more of a “fixed income culture” which makes them more heavily represented in emerging market bond indexes and less so in the equity gauges according to Dirk Willer managing director of emerging market strategy at Citigroup Chinese stocks have performed particularly poorly over the past year as investors dumped the country’s highflying tech stocks amid a Communist Party crackdown on the industry The KraneShares CSI China Internet ETF KWEB is down more than 23 so far this year as investors fear ructions in China’s property market could metastasize into a broader financial contagion While he expects Chinese tech stocks will rebound soon Mobius said foreign investors should approach Chinese stocks with caution “There will be some recovery in those tech names but the general tone of the market is not good in view of the disastrous property market” Mobius said With House Speaker Nancy Pelosi’s recently completed trip to Taiwan dominating headlines this week is Mobius concerned about the additional strain it could put on the bilateral relationship “The impact of Pelosi’s visit to Taiwan will be steadily increasing tension between the US and China on all fronts Trade Investment Education etc There is increasing competition in all areas with technology and weaponry the most salient” Mobius said US stocks haven’t seen the bottom yet Shifting to a discussion of US stocks Mobius said he still thinks there will be more pain ahead for investors even as stocks rebounded in July “We probably have another leg down as the Fed continues to raise rates” he wrote “I expect rates to go much higher and that means a number of companies will be in trouble and the glamorous tech stocks with no earnings and dependent on more and more cash inputs will be in trouble” Mobius added that he won’t feel comfortable calling a bottom until he sees “complete surrender” “Of course we must realize that we are already in a bear market but the endgame requires complete surrender on the part of investors Currently there is a lot of hope” US stocks rebounded on Wednesday following back to back losses The Dow Jones Industrial Average DJIA was on track to recoup its 400 point loss from the prior day while the SP 500 and Nasdaq Composite COMP were both on track for strong gains

Former President Donald Trump’s lawyer Chris Kise is reportedly taking on a more conciliatory approach in taking on the US Department of Justice’s probe into the search and seizure that took place at Mar a Lago What Happened Kise’s target is that the government avoids seeking criminal prosecution reported The Wall Street Journal citing people familiar with the matter The lawyer has not reportedly discussed his strategy but said the goal is “to find a rational solution to document storage issues which have needlessly spiraled out of control” Kise said recently in a court appearance that the case was not about “some Department of Defense staffer stuffing military secrets into a paper bag and sneaking out into the middle of the night “This is as I say presidential records in the hands of the 45th president of the United States” according to the Journal See Also How To Buy TMTG IPO Stock Why It Matters Trump roped in Kise a former adviser to Florida Gov Ron DeSantis last month The lawyer was Florida’s solicitor general at one time The development is significant because Kise has experience with both the US Supreme Court and the Florida Supreme Court Even so Kise’s work is cut out for him because according to people close to Trump the former president’s utterances against prosecutors undermine the work of his lawyers “ Trump has no discipline As soon as he is at one of his rallies he’ll assert the Big Lie and rail about how the Constitution is being dismantled just to go after him” said Ty Cobb a former special White House counsel during the Trump era according to the Journal “The FBI and the Justice Department have become vicious monsters controlled by radical left scoundrels” said Trump at a recent rally in Pennsylvania according to the report Last month Trump had said on Truth Social that his Mar a Lago home in Palm Beach Florida was being raided by the Federal Bureau of Investigation Truth Social is a social media platform owned by Trump Media Technology Group TMTG which is set to merge with Digital World Acquisition Corp DWAC Read Next Trump s Truth Social Deal Gets 3 Month Breather As SPAC Partner Scrambles To Get Shareholders Nod Report

American home buyers are getting significantly less bang for their buck as mortgage rates hover at their highest level in 16 years according to a Tuesday report from real estate broker Redfin and one prominent economist predicts the situation is unlikely to improve unless the Federal Reserve changes its stance on rate hikes The size of homes affordable on a 3000 monthly budget is down 9 over the last year from 1647 square feet to 1498 square feet according to an average of the 50 largest metropolitan areas in the country analyzed by Redfin Driving the drop in affordability is the 67 30 year fixed mortgage rate up from 3 a year ago and the highest rate since July 2006 shortly before the housing market crashed Buyers can now afford less space in 48 of the 50 areas with the largest change in San Diego and San Jose where attainable square footage is down 32 and 26 respectively Mark Zandi the chief economist at Moody’s Analytics wrote in a Monday note “Mortgage rates won’t significantly recede until it is clear the Fed has ended its rate hikes and that’s unlikely until well after next year’s spring home selling season” projecting “mortgage defaults andforeclosures are sure to rise” as rates rise while home prices fall Despite the extreme volatility in the housing market with home sales rising even as prices fall breaking basic market principles and sparking fresh concerns about a recession experts don’t expect the housing market to bring down the economy as drastically as it did during the Great Recession Wells Fargo analysts wrote in a Monday note “We do not expect a repeat of 2008” Zandi agreed writing “A scenario in which conditions become as dark as during the financial crisis is all but impossible” but warned “there is still room for significant economic damage” Stocks are rallying this week due to bullish predictions that the Fed will abandon its most aggressive plans for rate hikes as it weighs how its policy affects financial markets The Fed does not set mortgage rates but mortgage rates typically rise as lenders adjust to federal policy Redfin reported last week Americans are paying 15 more on their mortgage payments compared to mid August due to the rise in rates High Mortgage Rates Mean Smaller Homes For Many Buyers Forbes Housing Market Volatility Flashes ‘Early Signs’ Of Recession As New Home Sales Unexpectedly Surge Forbes Americans Now Paying 15 More On Mortgage Payments Compared To Last Month As Rates Surge Forbes

The UK s Competition and Markets Authority said Friday that it is looking at whether Bouygues SA s anticipated deal for Equans SAS may result in a substantial lessening of competition The CMA has a deadline of July 19 for its Phase 1 decision it said The CMA said it is inviting comments on the transaction from any interested party

A liquefied natural gas LNG tanker is tugged towards a thermal power station in Futtsu east of Tokyo Japan November 13 2017 REUTERSIssei KatoFile Photo LONDON Aug 12 Reuters Asian spot liquefied natural gas LNG prices climbed to near record levels this week as Asian buyers sought to secure supply ahead of winter narrowing the price spread with Europe where Russian gas flows remain curtailed The average LNG price for September delivery into north east Asia was estimated at 48 per million British thermal units mmBtu up 3 or 67 from the previous week industry sources said The average price for October delivery was estimated at 51mmBtu exceeding Reuters estimated record levels seen in December at slightly over 48mmBtu Prices continue to be elevated in Asia with Japan and Korea propping levels up with recent tenders while there is still some apprehension about when China will come back said Toby Copson global head of trading and advisory at Trident LNG In a week when winter buying demand from Japan and South Korea came into focus for market participants the differential between Asian and European LNG prices has widened On Thursday the October derivatives for Platts Japan Korea Market JKM widely used as an Asian benchmark rose to a 470mmBtu premium to its European LNG benchmark Platts DES Northwest Europe according to Ciaran Roe global director of LNG at SP Global Commodity Insights This would allow for Atlantic Basin LNG to flow to North Asia over Northwest Europe Roe said In Europe SP Global Commodity Insights assessed LNG prices on a delivered ex ship DES basis into north west Europe at 47123mmBtu on Aug 11 a discount of 1565mmBtu to September TTF prices Platts NWE forward curve was assessed throughout winter months at a nearly 13mmBtu discount to the equivalent TTF contract month meaning that the market perception currently is that heavy discounts will remain for the coming months Roe added More gas is being used for power generation in Europe than expected due to difficulties securing alternative energy sources posing additional challenges for already tight gas markets according to Hans van Cleef senior energy economist at ABN AMRO Wind power output is weak low water levels are hindering deliveries of coal to power plants and nuclear plants are running at lower capacity due to a heatwave Most of the available LNG is heading towards Europe as it is still paying more for LNG than Asian buyers Question is whether this will remain when the summer is over and when the heating season starts Such uncertainties will continue to drive LNG and gas prices for the coming months Van Cleef said Refinitiv shipping data shows Russia has exported its first ever direct LNG volumes to Indonesia in what could be a re allocation of Russian LNG cargoes to new trade routes In the United States the market is concerned that the Gulf of Mexico hurricane season which typically peaks in mid August to mid November could curtain natural gas production Rystad Energy said

Bank stocks end higher as a report is confirmed of a 30 bln capital infusion for First Republic Bank US bank stocks ended regular trading with solid gains on Thursday as banks announced a 30 billion deposit capital infusion for First Republic Bank and as Treasury Secretary Janet Yellen cited the strength of the financial system The 11 banks confirmed a report from the Wall Street Journal and others about providing financial support for First Republic Bank FRC US regulators supported the move which was formally announced at 323 pm Eastern time Yellen told the Senate Finance Committee that the US banking system stands on solid footing following the government s moves last weekend to backstop depositors at two failed banks UMB Financial Corp UMBF CEO Mariner Kempe said in an email to MarketWatch that the bank is not facing any credit problems We expect this situation to substantially calm for our company and the majority of banks whose models are very different than SVB and Signature Bank Kempe said In addition to the strong credit profile at UMB we do not any see any details in the latest public data that would lead us to believe there is a broader credit problem across the banking system Former Treasury Secretary Larry Summers told CNN that the current situation is not another global financial crisis like the one that shook the world after Lehman Brothers collapsed nearly 15 years ago I don t think this is a time for panic or alarm Summers said This is not 2008 where people needed to be worried about whether they could get their money from the ATM machine It absolutely is not that First Republicreversed course and rose 10 Earlier Bloomberg reporter First Republic is exploring its strategic options including a potential sale of the company The stock fell below its all time low of 2248 but then rose off its lows after the Wall Street Journal report Concerns around the bank s solvency continue to swirl in the wake of the failures of Silicon Valley Bank Signature Bank and Silvergate Bank in the past week At last check First Republic has fallen 66 in the past week At the closing bell JPMorgan Chase Co JPM rose 15 Morgan Stanley MS gained 21 and Citigroup Inc C moved higher by 09 Bank of America Corp BAC advanced by 14 and Wells Fargo Co WFC rose 13 Meanwhile Credit Suisse Group s CSGNEB stock rose 32 after it said it has lined up 54 billion in credit from the Swiss National Bank Goldman Sachs Group Inc GS rose by 19 The Wall Street Journal reported that Goldman Sachs had underestimated the danger that a proposed 225 billion capital raise at Silicon Valley Bank could spark a crisis of confidence and a further run on deposits SVB went out of business on Friday sparking widespread concerns in the sector Meanwhile David Konrad the managing director of KBW said Thursday that the failures of Silicon Valley Bank Silvergate Bank and Signature Bank in the past week are likely to result in increased regulations over time that may in turn affect industry profitability Sen Elizabeth Warren on Wednesday reiterated her criticism of the 2018 easing of Dodd Frank rules for small and midsize banks and joined with dozens of fellow Democratic lawmakers to introduce a bill that would scrap that rollback Western Alliance Bancorp s WAL rose 14 after dropping 10 earlier in the session Credit rating agency Fitch Ratings placed the company s debt and deposit ratings on rating watch negative Fitch analysts said current market conditions have created liquidity stresses outside the baseline assumptions The ratings agency said it s considering the assignment of a negative or stable outlook for the bank depending on market conditions and the impact on the bank s deposit franchise long term earning power and capitalization Fitch noted that Western Alliance Bancorp reported cash reserves of 25 billion in a March 13 filing The company s cash is equivalent to about 47 of total deposits reported as of Dec 31 The bank also communicated moderate deposit outflows and insured deposits in excess of 50 of total deposits Fitch said The ratings agency also said the Federal Reserve s new Bank Term Funding Program provides a further liquidity backstop at favorable terms for Western Alliance This program set up after the collapse of two US banks last week could see up to 2 trillion of use according to a new analysis by JPMorgan JPMorgan analyst Nikolaos Panigirtzoglou said six regional banks on their own have a combined 460 billion of uninsured deposits Some 2 trillion is the par amount of bonds held by US banks outside of the five largest Charles Schwab Corp SCHW dropped by 28 Executives and directors at Schwab bought nearly 7 million worth of the financial services company s beaten down stock Tuesday and Wednesday in an apparent vote of confidence in the company s ability to weather the ongoing bank rout Jefferies analyst Ken Usdin said in a note to clients Thursday that he had met with Citigroup Chief Financial Officer Mark Mason and that the company remains in a strong position despite a more uncertain operating environment Citi is sticking to its target for a return on average tangible common shareholders equity ROTCE of 11 to 12 he said ROTCE is calculated by dividing net earnings applicable to common shareholders by average monthly tangible common shareholders equity Citi continues to benefit from high capital levels ample liquidity and sticky operational deposits Usdin said While Citi is mindful of the more uncertain operating environment and current volatility the bank s overall strategic plan is intact including its divestiture strategy growth priorities and cost reduction plans Usdin said The KBW Nasdaq Bank Index rose 26 and the Financial Select Sector SPDR exchange traded fund XLF moved up by 19 Also readNew Fed bank facility could see up to 2 trillion of usage JPMorgan analysts say This content was created by MarketWatch which is operated by Dow Jones Co MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal

Avant Brands Inc OTCQXAVTBF TSXAVNTFRA1BU0 announced that 1000343100 Ontario Inc an entity of which Avant owns 50 of the issued and outstanding shares has entered into a stalking horse purchase agreement to acquire all of the issued and outstanding shares in the capital of The Flowr Group Okanagan Inc a subsidiary of The Flowr Corporation OTCEMFLWPF TSXFLWR in connection with the Flowr Group s proceedings under the Companies Creditors Arrangement Act and its related sales and investment solicitation process The authorization by Flowr Okanagan and The Flowr Canada Holdings ULC to enter into the stalking horse purchase agreement and its acceptance as the stalking horse bid is subject to approval by the Ontario Superior Court of Justice It is also anticipated that the purchaser will change its name to Avant Brands K1 Inc prior to closing The stalking horse purchase agreement was entered into between the purchaser Flowr Okanagan and Flowr ULC The purchase price payable by the purchaser for the purchased shares pursuant to the stalking horse purchase agreement shall be equal to 39 million plus an amount reasonably necessary to fund the cash requirements of the Flowr Group to close the transactions if any and the assumption of certain liabilities set out in the stalking horse purchase agreement as may be adjusted in accordance with its terms If the transaction contemplated by the stalking house purchase agreement closes the Flowr Okanagan facility would increase Avant s overall square footage of cultivation facilities to approximately 185000 square feet and thereby increasing Avant s annual production capacity by approximately 60 It is anticipated that Avant will be one of the largest indoor producers in Canada of indoor grown cannabis In the event the purchaser is not the winning bidder under any such auction the stalking horse purchase agreement will be terminated and the purchaser will be entitled to payment of a break up fee in the amount of 185000 following closing of the winning bid Get your daily dose of cannabis news on Benzinga Cannabis Don’t miss out on any important developments in the industry Photo Benzinga Sources courtesy of Matthias Zomer via Pexels squarefrog via Pixabay Related News Avant IM Cannabis Team Up To Bring New Medical Marijuana Products To Israel Avant Brands Launches Treehugger Organic Sweet Fuel OG Flower Pre Rolls

Someone with a lot of money to spend has taken a bearish stance on Prudential Financial PRU And retail traders should know We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga Whether this is an institution or just a wealthy individual we don t know But when something this big happens with PRU it often means somebody knows something is about to happen So how do we know what this whale just did The overall sentiment of these big money traders is split between 20 bullish and 80 bearish Out of all of the special options we uncovered 6 are puts for a total amount of 312426 and 4 are calls for a total amount of 165235 Taking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 975 to 1050 for Prudential Financial over the last 3 months In terms of liquidity and interest the mean open interest for Prudential Financial options trades today is 105156 with a total volume of 249900 In the following chart we are able to follow the development of volume and open interest of call and put options for Prudential Financial s big money trades within a strike price range of 975 to 1050 over the last 30 days Prudential Financial Option Volume And Open Interest Over Last 30 Days Where Is Prudential Financial Standing Right Now With a volume of 2407443 the price of PRU is down 297 at 10216 RSI indicators hint that the underlying stock may be approaching overbought Next earnings are expected to be released in 91 days What The Experts Say On Prudential Financial Wells Fargo has decided to maintain their Equal Weight rating on Prudential Financial which currently sits at a price target of 91 JP Morgan has decided to maintain their Neutral rating on Prudential Financial which currently sits at a price target of 118 Morgan Stanley has decided to maintain their Equal Weight rating on Prudential Financial which currently sits at a price target of 111 RBC Capital has decided to maintain their Sector Perform rating on Prudential Financial which currently sits at a price target of 102 RBC Capital has decided to maintain their Sector Perform rating on Prudential Financial which currently sits at a price target of 110 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closely If you want to stay updated on the latest options trades for Prudential Financial Benzinga Pro gives you real time options trades alerts

Bango PLC said Tuesday that it expects to meet revenue and adjusted Ebitda expectations for 2022 Current 2022 market expectations are revenue of 264 million and adjusted earnings before interest taxes depreciation and amortization of 82 million according to the market consensus provided by the company The purchase behavior technology developer said that its revenue grew 9 in the first half to 108 million Shares at 0758 GMT were down 61 at 1785 pence

As Pinterest Inc NYSEPINS is scheduled to report its quarterly earnings on Monday investors and traders might be wondering what direction the stock could take and what could be the potential move What Happened The stock is up over 20 since the beginning of 2023 and has gained over 4 last week The company laid off about 150 employees to contain costs amid macro headwinds The job cuts came from teams across the San Francisco based digital search company with the move affecting less than 5 of Pinterest’s total workers Also Read Best Penny Stocks Here’s a look at the trading range that the options market is pricing in for the stock this week Resistance Options expiring on Feb 10 indicate a maximum open interest build up on the Call Side at the strike price of 30 amongst out of the money options indicating the market is temporarily considering this level as a short term resistance Support On the downside the maximum open interest build up can be seen at the strike price of 25 amongst out of the money Put options indicating the market is temporarily considering this level as short term support However volumes on both legs are yet to pick up and current data with low numbers only providesan indicative stance about the week’s trading range expected by the market It is also noteworthy that a sudden movement on either side can lead to traders closing existing positions and entering new ones leading to a shift in the maximum open interest accumulation levels Read Next Top US Self Storage Properties Operator Makes Hostile 11B Offer For Life Storage Here s The Fine Print

Shares of Nkarta Inc NKTX skyrocketed 928 in very active morning trading enough to make the stock the biggest gainer and most active listed on major US exchanges after the biopharmaceutical company announced positive results from a Phase 1 trial of its cancer treatments The rally comes after the stock closed at a record low of 777 on Friday The company said its NKX101 and NKX019 co lead candidates showed striking single agent activity in a heavily pretreated patient populations with an exceptional safety provide without side effects associated with CAR T cell therapies Cowen analyst Salim Syed reiterated his buy rating and 81 stock price target which implies TK upside from current levels Investor sentiment was pretty low going into this readout Syed wrote in a note to clients And of course we still need durability data and more n but showing these responses today is a major plus and street trading valuations should now move substantially higher for both programs The stock has now lost 24 year to date while the iShares Biotechnology ETF IBB has dropped 197 and the SP 500 SPX has declined 111

Traders work on the floor of the New York Stock Exchange NYSE in New York City June 3 2022 US stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022 Futures tied to the Dow Jones Industrial Average dropped 115 points or 04 while SP 500 futures slid 07 Nasdaq 100 futures pulled back by 1 The major averages last week posted their biggest weekly declines since late January The Dow and SP 500 fell 46 and 51 respectively while the Nasdaq Composite lost 56 A chunk of those losses came Friday when hotter than expected US inflation data spooked investors The Dow dropped 880 points or 27 The SP 500 and Nasdaq lost 29 and 35 respectively The Bureau of Labor Statistics reported Friday that the US consumer price index rose last month by 86 from a year ago its fastest increase since December 1981 That gain topped economists expectations The so called core CPI which strips out food and energy prices also came in above estimates at 6 On top of that the preliminary June reading for the University of Michigan s consumer sentiment index registered at a record low of 502 That data comes ahead of a highly anticipated Federal Reserve meeting this week with the central bank expected to announce at least a half point rate hike on Wednesday The Fed has already raised rates twice this year including a 50 basis point 05 percentage point increase in May in an effort to stave off the recent inflation surge May s CPI report showed scant signs of inflation peaking though we still expect peaking soon The report also suggests a more hawkish Fed and higher recession risk wrote Ed Yardeni president of Yardeni Research Investor and consumer sentiment both have soured But this time pervasive bearishness may not be as useful a contrarian bullish signal as in the past he said adding that the firm now sees a 45 chance of a mild recession that s up from the previous forecast of 40 Stocks have had a tough year as recession fears rise along with consumer prices The SP 500 is down 182 year to date through Friday s close It s also 191 below an intraday record set in January The Dow has fallen 136 in 2022 and the Nasdaq Composite is deep in bear market territory down 275 this year and trading 30 below an all time high set in November Subscribe to CNBC PRO for exclusive insights and analysis and live business day programming from around the world

German stocks fell more than 4 on Monday placing the country’s benchmark index into a so called bear market Germany’s DAX index has now fallen 20 from its recent closing high hit in January When a market falls 20 from its recent peak it enters what is called a bear market a sign that selling has intensified and there is wider pessimism about a certain asset or asset class Russia’s invasion of Ukraine has drawn focus on Europe’s reliance on Russian energy hitting European stocks broadly That connection is most pronounced with Germany though causing investors to sell equities for fear that higher oil prices and difficulty getting energy could hurt its economy Germany gets over half of its gas from Russia

First Republic Bank shares sank 27 early Tuesday a day after it reported first quarter results that showed a deposit hemorrhage in March that was worse than expected The stock was at 1164 shortly after markets opened on track for a new low Its lowest closing price ever was 1218 on March 20

Traders work on the floor of the New York Stock Exchange at the opening bell Jan 25 2022 Stock futures were steady in overnight trading on Sunday as investors braced for the final trading day in what could be the worst month for the SP 500 since March 2020 January has turned out to be a dismal month for stocks The SP 500 is headed for its worst month since the pandemic spurred market turmoil in March 2020 as investors worry about inflation supply chain issues and the upcoming rate hikes from the Federal Reserve The 500 stock average is nearing correction territory down more than 8 from its intraday high earlier this month The SP 500 is down 7 in January The Dow Jones Industrial Average is also heading for its worst January since March 2020 The Dow is off by 44 this month The Nasdaq Composite which is roughly 15 off its November record close is headed for its worst month since October 2008 and the worst first month of the year of all time The technology focused average is down 12 in January Plus the small cap benchmark Russell 2000 is in a bear market Last week the Federal Reserve indicated that it is likely to raise interest rates for the first time in more than three years in order to combat historically high inflation Markets are now pricing in five quarter percentage point interest rate hikes in 2022 The major averages experienced violent swings last week with the Dow moving a gut wrenching 1000 points in both directions The Dow ended the week 13 higher The SP 500 gained 08 last week and the Nasdaq was about flat for the week This all kind of results in additional market volatility until investors digest this transition period said Michael Arone chief investment strategist at State Street Global Advisors On the other side of this the economy should continue to expand earnings are pretty good That s enough to sustain markets but I think they re adjusting to the shift in monetary policy fiscal policy and earnings Earnings season continues this week with major reports from Alphabet Starbucks Meta Platforms Amazon and more About one third of SP 500 companies have reported fourth quarter earnings and 77 have beaten Wall Street s earnings expectations according to FactSet Mostly this week will be all about whether the correction low is already in or whether last Monday s intra day low is again challenged and breached said Jim Paulsen Leuthold Group chief investment strategist The longer the SP stays above last Monday s low or moves even further away on the upside the more that calm will return and fundamentals may again start to dominate emotions in driving the market There are also key economic data this week the most important of which is Friday s January employment report

TheOntario Teachers’ Pension Plan one of Canada’s largest pension funds is reportedly increasing its exposure to bonds citing yields that have turned attractive following theworst sell off in a generation What Happened OTPP which manages C243 billion 177 billion is raising its holdings of inflation protected debt along with some investment grade and junk notes the fund s president and CEOJo Taylor saidaccordingto a Bloomberg report The move comes after the fund trimmed the weightings of bonds last year in favor of infrastructure and property investments to hedge against inflation as per the report Also ReadHow To Buy ETFs “What do we think about bonds getting more attractive We’ll probably increase our allocation to fixed income a little bit but we are still lightly allocated compared to what we might have been” Taylor was quoted as saying Holdings The fund’s top holdings includeGFL Environmental IncNYSEGFLMicrosoft CorporationNASDAQMSFT andAmazoncom IncNASDAQAMZNaccordingto whalewisdomcom OTPP plans to shift into longer term bonds after earlier seeking refuge in shorter duration debt to better withstand the surge in borrowing costs “We may change that a little bit where we are picking to have longer duration bonds because they offer us interesting interest rates” he said citing Australian government bonds yielding 4 to 5 Read NextIs It 2008 All Over Again For Credit Suisse

Shares of Digital World Acquisition Corp DWAC the special purpose acquisition company that said it plans to take former President Donald Trump’s social media site Truth Social public dropped more than 9 late Monday morning after reports emerged that Twitter was poised to accept an acquisition offer from billionaire Elon Musk Twitter shares jumped more than 3 following the news that the company was closing in on a deal to sell itself to Musk for 5420 per share in cash Shares of DWAC meanwhile fell following reports Twitter could make the deal official as soon as Monday though the Wall Street Journal reported it was still possible the agreement could collapse during final negotiations The drop comes after DWAC shares were down 4 last week after Fox News denied reports it had created an account on Truth Social Trump announced he would launch his own social media site to counter “liberal” media platforms last October after he was barred from major platforms following the January 6 insurrection The CEO of Trump Media Technology Group former congressman Devin Nunes said the app would be fully operational by the end of March but in the weeks that followed the site was plagued by technological glitches with millions stuck on the public wait list DWAC is being investigated by the Securities and Exchange Commission over claims it held conversations with Trump before going public last year Shares of DWAC also fell more than 10 in early April following news that the company’s heads of technology and product development had quit The company initially traded as high as 175 per share after the initial announcement of its merger with Truth Social in October Twitter shares meanwhile have continued to rise following news earlier this month that Musk the CEO of Tesla and SpaceX had submitted a bid to purchase the company Musk disclosed in an SEC filing last week he secured 465 billion in funding for his Twitter bid What To Watch For Whether Musk’s takeover of Twitter could spell further trouble for Truth Social Trump has proposed the social media site which is modeled heavily after Twitter as a free speech alternative to social media giants But Musk has openly questioned if Twitter’s policies infringe on freedom of speech and has suggested he might change the company’s moderation practices if his bid is successful potentially making Truth Social less attractive to users Trump’s Truth Social SPAC DWAC Down More Than Four Percent At Market Open Forbes Twitter Jumps Over 3 Amid Reports That It Will Accept Elon Musk’s Buyout Offer Forbes

A whale with a lot of money to spend has taken a noticeably bearish stance on AtlassianLooking at options history for Atlassian NASDAQTEAM we detected 15 strange tradesIf we consider the specifics of each trade it is accurate to state that 46 of the investors opened trades with bullish expectations and 53 with bearishFrom the overall spotted trades 6 are puts for a total amount of 454506 and 9 calls for a total amount of 535041What s The Price TargetTaking into account the Volume and Open Interest on these contracts it appears that whales have been targeting a price range from 1500 to 2200 for Atlassian over the last 3 months Volume Open Interest DevelopmentLooking at the volume and open interest is a powerful move while trading options This data can help you track the liquidity and interest for Atlassian s options for a given strike price Below we can observe the evolution of the volume and open interest of calls and puts respectively for all of Atlassian s whale trades within a strike price range from 1500 to 2200 in the last 30 days Atlassian Option Volume And Open Interest Over Last 30 Days Biggest Options Spotted SymbolPUTCALLTrade TypeSentimentExp DateStrike PriceTotal Trade PriceOpen InterestVolume TEAMPUTTRADEBULLISH012023185001890K20072 TEAMPUTSWEEPBEARISH012023200001317K81380 TEAMCALLSWEEPBEARISH110422177501000K22102 TEAMCALLSWEEPBEARISH01202320000798K191111 TEAMCALLSWEEPBULLISH11112219000734K69420 Where Is Atlassian Standing Right Now With a volume of 2069196 the price of TEAM is up 214 at 17609 RSI indicators hint that the underlying stock is currently neutral between overbought and oversoldNext earnings are expected to be released in 0 days What The Experts Say On Atlassian Jefferies has decided to maintain their Hold rating on Atlassian which currently sits at a price target of 220 Mizuho has decided to maintain their Buy rating on Atlassian which currently sits at a price target of 320 Morgan Stanley has decided to maintain their Overweight rating on Atlassian which currently sits at a price target of 375 Options are a riskier asset compared to just trading the stock but they have higher profit potential Serious options traders manage this risk by educating themselves daily scaling in and out of trades following more than one indicator and following the markets closelyIf you want to stay updated on the latest options trades for Atlassian Benzinga Pro gives you real time options trades alerts

Cowen Co raised the price target for Canada Goose Holdings Inc NYSEGOOS from 24 to 26 Cowen Co analyst Oliver Chen maintained an Outperform rating Canada Goose shares fell 16 to 2184 in pre market trading JP Morgan boosted the price target for Dow Inc NYSEDOW from 46 to 53 JP Morgan analyst Jeffrey Zekauskas maintained a Neutral rating Dow shares fell 05 to 5782 in pre market trading DA Davidson raised the price target for Tractor Supply Company NASDAQTSCO from 219 to 242 DA Davidson analyst Michael Baker maintained a Neutral rating on the stock Tractor Supply shares fell 03 to 22603 in pre market trading UBS cut the price target for Polaris Inc NYSEPII from 165 to 112 UBS analyst Robin Farley downgraded the stock from Buy to Neutral Polaris shares dropped 18 to 10450 in pre market trading Wells Fargo raised KLA Corporation NASDAQKLAC price target from 420 to 455 Wells Fargo analyst Joseph Quatrochi maintained an Overweight rating on the stock KLA Corporation shares fell 51 to 40699 in pre market trading Wedbush cut Intel Corporation NASDAQINTC price target from 23 to 20 Wedbush analyst Matt Bryson maintained an Underperform rating Intel shares fell 103 to 2700 in pre market trading Wells Fargo cut T Rowe Price Group Inc NASDAQTROW price target from 120 to 112 Wells Fargo analyst Finian O Shea maintained an Equal Weight rating T Rowe Price shares rose 02 to 11480 in pre market trading BMO Capital raised Ralph Lauren Corporation NYSERL price target from 96 to 100 BMO Capital analyst Simeon Siegel downgraded the stock from Market Perform to Underperform Ralph Lauren shares dropped 34 to 12000 in pre market trading DA Davidson cut Hasbro Inc NASDAQHAS price target from 113 to 95 DA Davidson analyst Linda Bolton Weiser maintained a Buy rating Hasbro shares fell 59 to 5999 in pre market trading Raymond James raised Nokia Oyj NYSENOK price target from 65 to 7 Raymond James analyst Simon Leopold maintained an Outperform rating on the stock Nokia shares fell 09 to 47650 in pre market trading Goldman Sachs raised Steel Dynamics Inc NASDAQSTLD price target from 114 to 118 Goldman Sachs analyst Emily Chieng downgraded the stock from Buy to Neutral Steel Dynamics shares fell 15 to 11966 in pre market trading Check This Out Insiders Selling Signet Jewelers BJ s Wholesale Club And 2 Other Stocks