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shares of att inc t rose 04 in premarket trading monday after alternative asset manager apollo global management inc apo announced an agreement to invest 2 billion in preferred stock of att subsidiary att mobility ii llc apollo expects to complete the investment in june 2023 att mobility plans to use the proceeds to partially replace the 8 billion in preferred interests that were outstanding before the fourth quarter of 2022 att’s stock had slumped 38 on friday after a report amazoncom inc amzn was in talks with certain wireless carriers about offering phone service plans to prime members the stock has tumbled 191 over the past three months through friday while the communication services select sector spdr exchangetraded fund xlc has rallied 153 and the sp 500 spx has gained 59

buildingtechnology company inno holdings has filed with the us securities and exchange commission for an initial public offering the filing by the brookshire texas company doesnt indicate how many shares it plans to sell in the offering or how much it expects to raise inno which makes coldformedsteel members for use in a variety of building types said it plans to use proceeds from the offering to increase marketing capabilities and production capacity and to expand researchanddevelopment efforts the company said it has applied list its shares on the nasdaq capital market under the symbol inhd

changes dateline to sofia amends slugs adds eu decision to offer more financial support romanias additional measures brussels on wednesday offered an extra 100 million euros of support for eu farmers to ease a standoff over ukrainian grain after bulgaria became the latest country to approve a temporary ban on food products from the warhit nation in recent days poland hungary and slovakia banned the import of grain and other food items from ukraine after a slump in prices triggered protests from local farmers as brussels scrambles to find a solution to appease the deadlock the european commission on wednesday proposed an extra 100 million euros 110 million of support for farmers that money would come on top of a 56millioneuro package that was provided for farmers in poland romania and bulgaria last month the latest measures would be aimed at ensuring grain could enter poland slovakia hungary romania and bulgaria only for export bulgarian farming minister yavor gechev earlier on wednesday said that the government had passed a decision that temporarily bans a range of products originating from ukraine sofia said it was forced to adopt todays extreme measure after unilateral bans by other countries were announced seriously increasing the risk for bulgaria due to the potential diversion of goods the ban will enter into force from april 24 and last until the end of june but will not apply to the transit of goods through bulgarian territory bulgaria hopes for a common eu decision in the coming weeks its neighbour romania also announced on wednesday that it would take additional measures regarding ukrainian grain imports including sealing and monitoring the vehicles that transit through the country bucharest has asked the ukrainian side to rapidly find solutions for restricting the export of grain and oilseeds to romania in order to protect farmers who are facing difficulties a government statement said the romanian and ukrainian agricultural ministers are due to meet in bucharest on friday to further discuss the matter in may 2022 the european union allowed kyiv to export its grain stocks through the bloc after the closure of the black sea shipping lanes following russias invasion sparked a global food crisis member states agreed to import certain products from ukraine without quantitative restrictions and without customs inspections hungarys government on wednesday widened its temporary ban on the imports of ukrainian agricultural products to include honey wine bread sugar and a range of meat and vegetable products the full list of items to be banned was revealed in a government decree after budapest announced on saturday a measure to halt the import of grain oilseeds and several other products budapest complained that a significant proportion of imported ukrainian products do not leave the eu and instead have been sold at dumping prices in the member states government spokesman zoltan kovacs on wednesday denounced the sudden influx of cheap products that has created an untenable situation for european farmers in the absence of the obligation to comply with the strict production rules required by eu law ukrainian products have a competitive advantage which causes serious disturbances in the internal market of the member states the decree stated hungarys decree published overnight said that its ban would also apply to flour cooking oil and wine imports the temporary ban will last from wednesday until june 30 yet it will not apply to the transit of these products through hungary the decree specified hungarian authorities will seal shipments of the affected products at the border and monitor them with the help of electronic devices and patrols it added carriers who break the rules may be fined up to the full value of the shipment poland and ukraine on tuesday struck a deal to allow ukrainian grain to transit through poland after warsaw banned imports

good morning a new brexit meeting a crackdown on the unvaccinated and bitcoin’s slide from highs here’s what’s moving markets the european union and the uk are to meet in brussels on friday to take stock of a week of intensive talks over northern ireland with hopes that a possible deal on the flow of medicines could signal a path to avoiding a trade war however the uk insisted that it remains willing to suspend parts of the northern ireland protocol if the eu does not meet its demands even after the eu had suggested that the uk’s stance had softened france meanwhile is readying plans to help fisherman in case talks with the uk over that controversial issue fail the renewed effort to get rising covid19 infections under control in europe took another step as germany announced plans to restrict many leisure activities for unvaccinated people across the country the measures chime with other european countries including in greece where restrictions on the unvaccinated are being tightened and on the portuguese island madeira where those who have not had a shot will not be allowed to attend public events conversely poland is not planning any new restrictions but has put half a million people into quarantine the slide for bitcoin from the record highs last week is continuing with its worst run of losses since may the believers aren’t disillusioned however pointing to cryptos as a way to beat inflation while trading firms and exchanges are raising funds at valuations in the billions and bitcoin miners are eyeing public listings via blankcheck companies us tax authorities also envision a windfall from cryptocurrencies namely billions of dollars of seizures related to tax fraud and other crimes while hillary clinton warned of their potential to destabilize nations the us and european allies are considering possible responses should russia take military action against ukraine including new sanctions and security assistance russian president vladimir putin remains defiant saying russia has succeeded in raising the specter of a threat over ukraine and must keep the us and its allies on edge and russia is looking toward to france’s presidency of the european union next year as a chance to mend its fraught ties with the bloc european and us stock futures point to a positive open to close out the week after a mixed session in asia where chinese tech stocks slipped oil edged higher as some bargain hunters took advantage of its recent slide uk retail sales and consumer confidence data will top the economic agenda a quieter earnings calendar is headed by home improvement retailer kingfisher plus a possible readacross from a slump for us chipequipment bellwether applied materials and it’s the final day of the bloomberg new economy forum in singapore this is what’s caught our eye over the past 24 hours and finally heres what cormac is interested in this morning in a global financial market so full of distortion and hype its a comfort sometimes to see that fundamentals do still matter such is the case with the euro whose path against the dollar this year has closely followed the shifts in economic data between the us and european economies the common currency fell to a 16month low this week tracking the decline in the difference between the two regions economic surprise indexes a citigroup gauge of whether economic data beats or falls short of analyst expectations that gap has fallen to the lowest in more than a year the us economy has surprised on the upside this year with october industrial production and retail sales among the latest datapoints to beat conversely recent european data has disappointed for example germanys latest industrial production and factory orders figures the diverging economic trends support the view that the federal reserve will be forced to hike interest rates long before the european central bank that will continue to keep pressure on the euro even if it manages to claw back some ground from oversold levels cormac mullen is a deputy managing editor in the markets team for bloomberg news in tokyo like bloombergs five things subscribe for unlimited access to trusted databased journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters the bloomberg open and the bloomberg close with assistance by cormac mullen and gearoid reidy

shares of nikola corp nkla were unchanged tuesday on what proved to be an allaround mixed trading session for the stock market with the nasdaq composite index comp rising 057 to 1196015 and the dow jones industrial average djia falling 046 to 3408927 nikola corp closed 936 short of its 52week high 1187 which the company reached on march 30th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of american tower reit amt rose 244 to 22339 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 146 to 407660 and the dow jones industrial average djia rising 109 to 3408604 the stocks rise snapped a twoday losing streak american tower reit closed 5908 short of its 52week high 28247 which the company reached on august 15th the stock demonstrated a mixed performance when compared to some of its competitors tuesday

smith nephew plc sn shares inched up 062 to £1209 friday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 156 to 760728 smith nephew plc closed £108 short of its 52week high £1317 which the company reached on may 2 trading volume 16 m remained 15 million below its 50day average volume of 32 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

sundial growers inc has agreed to buy canadian cannabis company valens co in an allstock deal valued at about 138 million canadian dollars us1062 million that will make sundial one of the largest adultuse cannabis manufacturers and retailers in canada the two companies on monday said they entered into a arrangement agreement in which sundial a nasdaqlisted liquor and cannabis retailer will offer 03334 of a common shares for each valens share implying a consideration of c126 for each valens share valens said the implied offer represents a premium of about 10 based on a trailing 30day volume weighted average price of its shares and that its board of directors has unanimously approved the deal and recommend shareholders vote in favor of the transaction the combined company will offer a portfolio of branded products to consumers in canada through its own supply and distribution channels as a result of the merger sundial will also have the highest pro forma canadian cannabis revenue on a lastfiscal quarter annualized basis it said the combination is expected to deliver more than c10 million of annual cost synergies with upwards of c15 million of additional earnings before interest taxes depreciation and amortization expected to be delivered on an annual runrate basis sundial said this powerful combination will result in the creation of a dominant vertically integrated company exceptionally wellsuited to weather the current cannabis environment and become a leader in the canadian regulated products sector said zach george chief executive officer of sundial

shares of expedia group inc expe slid 298 to 18584 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 002 to 439169 and dow jones industrial average djia falling 011 to 3441169 the stocks fall snapped a threeday winning streak expedia group inc closed 3188 below its 52week high 21772 which the company reached on february 16th the stock underperformed when compared to some of its competitors monday as tripadvisor inc trip fell 037 to 2673 makemytrip ltd mmyt fell 197 to 2587 and travelzoo tzoo fell 034 to 592 trading volume 24 m remained 10 million below its 50day average volume of 34 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of corbus pharmaceuticals holdings inc crbp were unchanged friday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 020 to 1597159 and the dow jones industrial average djia rising 056 to 3632795 corbus pharmaceuticals holdings inc closed 297 short of its 52week high 400 which the company achieved on february 11th the stock demonstrated a mixed performance when compared to some of its competitors friday as fate therapeutics

shares of scilex holding co fell more than 30 on monday after the painmanagement company said it planned to raise 300 million in a public stock offering scilex shares which had surged since its majority owner sorrento therapeutics inc filed for chapter 11 bankruptcy in february were recently changing hands at 706

shares of arista networks inc anet slid 030 to 12620 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 002 to 439169 and dow jones industrial average djia falling 011 to 3441169 this was the stocks second consecutive day of losses arista networks inc closed 2237 short of its 52week high 14857 which the company reached on december 27th the stock underperformed when compared to some of its competitors monday as microsoft corp msft rose 025 to 28052 cisco systems inc csco fell 012 to 5111 and hp inc hpq rose 256 to 3843 trading volume 14 m remained 635219 below its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of housing development finance corp ltd 500010 inched down 060 to 260235 indian rupees thursday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 084 to 5890935 housing development finance corp ltd closed 25300 rupees short of its 52week high 285535 rupees which the company achieved on april 4 despite its losses the stock outperformed some of its competitors thursday as can fin homes ltd canfinhome fell 173 to 56690 rupees and poonawalla fincorp ltd poonawalla fell 115 to 28875 rupees trading volume 25760 remained 15262 below its 50day average volume of 41022 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

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the american petroleum institute reported late tuesday that us crude supplies fell by 64 million barrels for the week ended dec 31 according to sources the api also reportedly showed weekly inventory increases of 71 million barrels for gasoline and 43 million barrel for distillates crude stocks at the cushing okla delivery hub rose by 23 million barrels last week sources said inventory data from the energy information administration will be released wednesday on average the eia is expected to show crude inventories down by 44 million barrels according to a survey of analysts conducted by sp global platts the survey also calls for weekly supply increases of 19 million barrels each for the gasoline and distillate categories oil prices edged up in the electronic trading session after the api data february west texas intermediate crude clg22 was at 7709 a barrel in electronic trading after settling tuesday at 7699 on the new york mercantile exchange

shares of carrier global corp carr rallied 102 to 4475 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 016 to 397127 and dow jones industrial average djia falling 012 to 3239425 this was the stocks second consecutive day of gains carrier global corp closed 442 below its 52week high 4917 which the company achieved on march 7th the stock outperformed some of its competitors tuesday as honeywell international inc hon fell 004

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shares of vornado realty trust vno rallied 171 to 2674 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 072 to 387333 and dow jones industrial average djia falling 045 to 3082242 the stocks rise snapped a threeday losing streak vornado realty trust closed 2052 below its 52week high 4726 which the company achieved on march 11th the stock demonstrated a mixed performance when compared to some of its competitors friday as sl green realty corp slg rose 240 to 4690 lxp industrial trust lxp rose 103 to 985 and alexanders inc alx rose 167 to 23199 trading volume 32 m eclipsed its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of stanley black decker inc swk rose 124 to 9835 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 064 to 453741 and dow jones industrial average djia falling 067 to 3528272 this was the stocks second consecutive day of gains stanley black decker inc closed 653 below its 52week high 10488 which the company achieved on july 28th the stock outperformed some of its competitors thursday as danaher corp dhr fell 362 to 25527 and illinois tool works inc itw rose 008 to 25561 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

california governor gavin newsom is finally considering cannabis tax reform in an effort to prevent a possible industry rebellion andor the collapse of the legal marijuana market in the state

shares of interpublic group of cos ipg slid 143 to 2750 thursday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 030 to 379038 and dow jones industrial average djia falling 046 to 3063017 this was the stocks fourth consecutive day of losses interpublic group of cos closed 1248 short of its 52week high 3998 which the company achieved on february 9th despite its losses the stock outperformed some of its competitors thursday as omnicom group inc omc fell 150 to 6321 and publicis groupe sa adr pubgy fell 203 to 1092 trading volume 27 m remained 813921 below its 50day average volume of 36 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of coty inc cl a coty slid 319 to 697 thursday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 238 to 401782 and dow jones industrial average djia falling 194 to 3227279 this was the stocks second consecutive day of losses coty inc cl a closed 415 short of its 52week high 1112 which the company achieved on november 17th the stock demonstrated a mixed performance when compared to some of its competitors thursday as procter gamble co pg fell 181 to 14249 estee lauder cos cl a el fell 339 to 25879 and inter parfums inc ipar fell 274 to 7071 trading volume 29 m remained 63 million below its 50day average volume of 92 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

steel connect inc has agreed to be bought by its largest shareholder steel partners holdings lp in a deal valued at more than 81 million plus a contingent value right for steel connect shareholders the companies said steel partners which owns more than 30 of steel connect according to factset agreed to pay 135 cash for each remaining share of common stock it doesnt already own steel connect shareholders also would get one contingent value right to receive a share of the proceeds from a sale of steel connects moduslink subsidiary if the proceeds exceed 80 million plus related costs and expenses and the business is sold within two years after the merger closes after a special committee of the steel connect board of directors voiced support for the deal the steel connect board approved the agreement and recommended shareholders support it the companies said the special committee is made up of independent directors of steel connect who are unaffiliated with steel partners the companies said the special committee exclusively negotiated the terms of the deal with steel partners the companies said write to will feuer at willfeuerwsjcom

a value stock traditionally has a lower price when compared to stock prices of companies in the same industry this indicates that the company may be undervalued as investors are not expressing as much interest in such companies the most commonly used way to check for value is with the pricetoearnings multiple or pe a low pe multiple is a good indication that the stock is undervalued the following stocks are considered to be notable value stocks in the real estate sector arbor realty trusts earnings per share for q4 sits at 06 whereas in q3 they were at 056 the companys most recent dividend yield sits at 1075 which has decreased by 141 from 1216 last quarter transcontinental realty has reported q4 earnings per share at 682 which has decreased by 8443 compared to q3 which was 4379 two harbors inv has reported q4 earnings per share at 073 which has increased by 1406 compared to q3 which was 064 most recently the company reported a dividend yield of 1745 which has increased by 241 from last quarters yield of 1504 most recently american realty investors reported earnings per share at 269 whereas in q3 earnings per share sat at 1872 most recently forestar group reported earnings per share at 042 whereas in q4 earnings per share sat at 102 these 5 value stocks were selected by benzinga insights based on quantified analysis while this methodical judgment process is not meant to make final decisions our technology can give investors additional perception into the sector

over the next three years costco wholesale corp cost will charter seven ships up from three previously in order to increase its supply chain flexibility the company has also leased containers for use on these ships which will transport goods between asia the us and canada with these additions about a quarter of our annual transpacific container and shipment needs are being accommodated this way which gives us additional supply chain flexibility said chief executive richard galanti on the companys most recent earnings call despite all the supply chain issues were staying in stock and continue to work to mitigate cost and price increases as best we can costco reported fiscal secondquarter results after hours last thursday costco was one of the retail giants that chartered ships last year to bypass the bottlenecks during the holiday shopping season we are constructive on costco chartering four additional vessels wrote cowen analysts in a march 4 note cowen rates costco stock outperform with a 650 price target costco stock edged up 06 in monday trading and has soared 667 over the last year the sp 500 index spx has gained 99 over the last 12 months

the debate over when how and who will finally legalize andor decriminalize cannabis on a federal level became more heated over the past several months although its been going on for decades advocates had hoped congress would pull a rabbit out of a hat some hoped president biden would finally use his pen to put an end to a policy with which a growing majority of the country disagrees meanwhile as cannabis is legal in some form in more than half the country there are those who are looking at the idea of ​​legalizing all drugs including cocaine weighing in on the legalization of drugs is tesla inc tsla and twitter ceo elon musk who apparently believes prohibiting drugs is not the way to go using alcohol as an example musk called banning it a dumb decision that contributed to the rise in crime in america though musk made it clear according to the street that he was not condoning cocaine or endorsing drugs in his response to an exchange that took place on whole mars catalogs twitter site i am not endorsing drugs but i am saying that the evidence suggests that banning them is a net societal negative musk said musk has in the past been forthcoming about psychedelic drugs and is not shy about discussing their benefits he’s also been supportive of cannabis legalization the billionaire shared a chart with a friend which showed mdma and psychedelic mushrooms are healthier than alcohol use according to the friend who told the new york times the times also reported that for the past 20 years musk has attended nearly every burning man festival usually with his younger brother kimbal musk and a friend he met there i have been with him on mild exploratory journeys said david marglin a bay area lawyer who met musk at burning man and he appreciates the value of those journeys nothing out of control or wild but its all night and theres dancing and revelry more recently the billionaire said in an interview with full send podcast that he thinks psychedelics can be pretty helpful for ptsd and depression

uk retail sales decreased in november adding to evidence of weak consumer spending midway through the fourth quarter as high inflation and rising interest rates hit households incomes retail sales volumes declined 04 in november on month after increasing 09 in october the office for national statistics said

trupanion inc shares dropped 12 to 1802 in premarket trading california and new york recently approved the companys requested rate increases nike inc shares fell 35 to 10939 in premarket trading nike reported downbeat earnings for its fourth quarter while sales topped estimates xiaoi corporation shares dropped 35 to 525 in premarket trading after declining 11 on thursday chijet motor company inc shares fell 25 to 270 in premarket trading harmony gold mining company limited shares declined 22 to 406 in premarket trading after adding 2 on thursday senseonics holdings inc shares slipped 21 to 075 in premarket trading after gaining 4 on thursday now read this constellation brands likely to report higher q1 earnings heres a look at recent price target changes by the most accurate analysts don’t forget to check out our premarket coverage here

shares in ceconomy rose in early trading friday after the company set new midterm financial targets at 0734 gmt shares were up 29 to eur227 having earlier traded 7 higher the german owner of mediamarkt and saturn chains of electronicgoods stores said it is working toward a more profitable and cashgenerative business model as part of its strategy to transform into a customercentric service platform for fiscal 2026 ceconomy is targeting net sales above market growth and adjusted earnings before interest and taxes of more than 500 million euros 5382 million it said the company is aiming for its gross margin to increase to about 20 cash investments to reach about eur300 million a year and leaseadjusted free cash flow to reach about eur200 million in fiscal 2022 the company made eur197 million in adjusted ebit the company will roll out mymediamarkt and mysaturn in eight more countries by fiscal 2025 and by fiscal 2026 90 of its stores will have been modernized it said it intends to increase the productivity of its retail spaces by as much as 10 by fiscal 2026 it added

european stocks rose monday with wall street set to claw back some of the losses from last weekone of the worst for markets in monthsas investors look ahead to key us inflation data coming tuesday shares in conglomerate associated british foods fell 39 after releasing a trading update for the year ending sept 18 the company confirmed softening fourth quarter sales at primark which were offset by a strong margin rebuild jefferies said primarks fourthquarter sales were 17 below prepandemic levels after having been up 3 in the third quarter jefferies said investors are likely to remain in showme mode before fully addressing the valuation aberration a further sales reacceleration as highstreet footfall recovers will be the key enabler the bank said increasing covid19 cases were largely responsible for the near stagnation of the uk economy in july and although the virus is no longer driving labor shortages many people remain fearful and are likely to reduce spending if cases pick up again pantheon macroeconomics said the economy should continue to recover in the months ahead fuelled by higher business investment and government spending but households spending will be the weak link given the covid19 case outlook pantheon said the squeeze on incomes from a further pickup in inflation the end of the furlough program and other stimulus withdrawals are likely to hit households too pantheon sees uk gdp expanding 15 in 3q half the rate expected by the bank of england the eurozones economic growth is expected to be solid in 3q but as the winter arrives chances are that the recovery will begin to stall unicredits group chief economist erik f nielsen said the region is expected to regain its prepandemic gdp levels toward the end of this year or early next year but the final phase of the recovery back to where the economy would have been without the pandemic may be well harder to achieve he said it will largely depend on the effectiveness of next generation eu as well as of the wisdom of policy makers to protect green investment in their budgets as they decide on the future of the fiscal rules nielsen said stock futures rose pointing to major indexes recovering some ground following the sp 500s worst weekly performance since february stocks are rebounding on investors optimism that the federal reserve and the government will continue offering stimulus measures that is because us lawmakers are trying to push ahead this month with a proposed 35 trillion legislation for additional spending on healthcare education and climate but money managers say they are also waiting to assess if fresh data tuesday shows that inflation remains elevated and how that may impact the feds easymoney policies i do believe that the bulls have a little more ammunition than the bears fiscal support still remains on tap activity indicators are strong said gregory perdon chief investment officer of arbuthnot latham risk is still on the current level of yields is signaling that bond investors see higher inflation levels as transitory according to georgina taylor a multiasset fund manager at invesco theres not enough inflationary pressure to really feel a reassessment of nominal growth over the long term she said the dollar rose to a twoweek high against a basket of currencies as investors look ahead to the us federal reserves sept 22 meeting amid prospects that assetpurchase tapering will begin this year unicredit said the dollar has been helped higher after philadelphia fed president patrick harker said he favored tapering sooner rather than later this week will see a raft of key us data including cpi inflation retail sales and industrial production strong data may help the dollar but weakerthanexpected figures should have a bigger impact if they raise uncertainty about the timing of the feds tapering process unicredit said bitcoin traded below 45000 slipping 06 from its 5 pm et level on friday last week it rose above 52500 the yield on the benchmark 10year us treasury note edged up to 1344 from 1340 on friday morgan stanley expects the spread between us and german government bond yields to widen as the policy divergence between the fed and the european central bank increases said strategists alina zaytseva and lorenzo testa they expect the feds september 22 meeting to be one of the catalysts for the move with 2024 dots revealed for the first time the 10year us treasurygerman bund yield spread is 166 basis points according to tradeweb at last weeks meeting the ecb said it would shift to a moderately lower purchase pace under the pandemic emergency purchase programme in the coming quarter ecb purchases will still be higher than at the beginning of the year however while the fed is expected to start tapering asset purchases later this year citigroup expects eurozone government bond yield spreads stable nearterm while vulnerability might emerge for the longterm strategist jamie searle said the fact that the ecbs pandemic emergency asset purchases will be lowered only moderately versus the peak in the remainder of the year will provide comfort to intraeurozone spreads and so will hopes that the constraints of the regular asset purchase programme might be adjusted he said on the longerterm however there is still likely to be a cliff in asset purchases next spring and the ecb appears to be slowly shifting tactics from capping emu spreads to instead anchoring core rates precisely because such an approach is less reliant on asset purchases searle said oil rose with prices extending their gains over the past week while prices have lacked strong direction over the past week data showing strong us gasoline demand over the labor day weekend gave prices a boost on friday meanwhile 49 of us gulf of mexico production remains closed after hurricane ida dnb markets helge andre martinsen said still irans signaling that it is ready to return to nuclear talks could put pressure on prices in the coming weeks the market is awaiting opecs monthly market report due later monday gold prices were listless as a stronger dollar dents the safehavens appeal the us dollar index rose 02 to 9280 diminishing appetite for dollardenominated gold among holders of other currencies with golds price performance lackluster and the fed expected to soon begin tapering its stimulus measures speculative investors have been cutting back heavily on their gold exposure td securities said investors are anticipating higher real rates and less capital to flow into the yellow metal as the fed prepares to start tapering its aggressive asset purchasing program the bank said in a note robust equity market performance also likely persuaded funds to ease up on their gold exposure td said discontent simmers over how to police eu privacy rules the european unions recent 270 million fine against whatsapp was held up for months by disagreements among national authorities ratcheting up tensions over how to enforce the blocs privacy rules the varied approaches to policing the eus strict general data protection regulation are fueling calls to redesign how national authorities from the 27 eu countries can intervene in each others cases and to explore creating a broader euwide regulatory system associated british foods plc said monday that its fullyear adjusted operating profit is now expected to surpass the previous years despite lowerthanexpected sales and that primark and the ab food business are anticipated to exceed managements previous expectations the british conglomerate said that primarks adjusted operating profit for the year ending sept 18 is expected to be ahead of last year and that the operating margin for the fourth quarter was strong iran reached an agreement sunday with the united nations atomic agency that will grant international inspectors access to some of the countrys nuclearrelated sites a step likely to avert a crisis in the negotiations on restoring the 2015 nuclear deal the agreement comes after international atomic energy agency directorgeneral rafael grossi made a lastminute trip to tehran this weekend in a bid to persuade iran to step up its cooperation with the agency ahead of a meeting of the iaeas top member states starting monday shipping options dry up as businesses try to rebuild from pandemic a wave of shipping consolidation over the past five years is adding to the supplychain woes caused by covid19 outbreaks further delaying the movement of cargo across the oceans a handful of big shipping players control the majority of containers via giant vessels leaving the world with fewer routes fewer smaller ships and fewer ports that could keep the flow of goods moving when the pandemic disrupted operations according to cargo owners and freight forwarders who secure ship space to move cargo some overseas investors are reaping big gains from a handful of exchangetraded products that have surged alongside many digital coins eight of the 10 bestperforming exchangetraded products in the world this year are europeanbased funds that track some form of cryptocurrency a binance cointracking exchangetraded product run by swiss firm 21shares ag is up 10fold this year a pair of ethereum notes managed by coinshares in europe have risen more than threefold as has a ripplebased etp run by 21shares older voters dominate german politics but now the young are fighting back

energy investors are looking for growing dividends and one of the best ways to spot companies that could increase their payouts is to look for those pumping out the most free cash flow one measure of the strength of a company’s free cash flow—and its possible investibility is its free cash flow yield the yield divides the company’s free cash flow by its market cap giving a better sense of how investors are valuing the company’s cash production a high free cash flow yield usually means a company is in good shape to maintain or increase its dividend or ramp up capital investments it can also indicate that the company’s cash flow is not yet fully valued in its stock price to find energy companies generating more than enough cash to send back to shareholders we screened for energy names in the sp 1500 with the highest free cash flow yields in this screen we looked for stocks with market capitalizations of over 5 billion oil and gas producers are more focused on generating cash than they have been in years or perhaps ever the industry’s failure to provide strong cash returns in the past has made investors skeptical so the companies are trying to prove that they can produce consistent returns and not get into debt trouble again one company that has been able to generate considerable cash is pdc energy ticker pdce a denverbased producer pdc was able to nearly triple its free cash flow to 609 million in the first nine months of the year as oil and gas prices rose with all that cash the company has been able to pay off debt faster than expected and increase shareholder returns boosting its total expected shareholder returns this year to 210 million from 180 million in its latest quarterly report the company says it may pay part of that back as a special dividend for now pdc’s dividend yield of 09 is small but will likely rise if it can continue generating cash even if oil and gas prices fall more than 20 from current levels the company projects it will generate 25 billion in free cash flow between 2021 and 2023 equal to half its current market cap eqt eqt is one of the country’s largest natural gas producers it has benefited as gas prices have risen though it hedged some of its production at lower prices so probably won’t see the full benefit that said eqt has been generating enough cash to consider reinstating its dividend the company hopes to offer investors a “modest but meaningful” dividend as well as buybacks said ceo toby rice on its latest earnings call targa resources trgp is an energy infrastructure company focused on gathering storing and processing natural gas with high demand for gas around the world targa is wellsituated to profit the stock has a dividend yield below 1 but expects it to increase ceo matthew meloy said on the company’s latest earnings call that management would recommend that the board institute a 140 annual dividend payable in february which would lift the dividend yield to 26 at the current stock price kinder morgan kmi is another infrastructure company that has benefited from positive trends in the energy sector it already raised its dividend 3 in april and now offers a 66 dividend yield among the highest in energy executive chairman richard kinder said on an earnings call last month that the stock “provides you with a nice lockedin return with this dividend and then provides really good optionality for the future”

reliance industries ltd 500325 shares inched down 046 to 247495 indian rupees thursday on what proved to be an allaround rough trading session for the stock market with the sp bse sensex index 1 falling 082 to 6524068 reliance industries ltd closed 15705 rupees below its 52week high 263200 rupees which the company achieved on july 20 despite its losses the stock outperformed some of its competitors thursday as gujarat state petronet ltd gspl fell 417 to 27570 rupees and gail india ltd gail fell 069 to 11555 rupees trading volume 210945 remained 76067 below its 50day average volume of 287012 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of general mills inc gis inched 066 higher to 8186 monday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 045 to 432882 and dow jones industrial average djia falling 004 to 3371471 this was the stocks second consecutive day of gains general mills inc closed 903 below its 52week high 9089 which the company achieved on may 15th the stock outperformed some of its competitors monday as mondelez international inc cl a mdlz rose 018 to 7323 kraft heinz co khc fell 100 to 3555 and hershey co hsy rose 017 to 25953 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

abbvie posted fourthquarter earnings that were roughly in line with wall street expectations and its 2022 earnings guidance surpassed analyst projections abbvie ticker abbv reported adjusted diluted earnings of 331 a share for the fourth quarter of 2021 up 134 from the same quarter in 2020 and slightly above the factset analyst consensus estimate of 328 per share

shares of paychex inc payx slid 020 to 12383 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 063 to 413215 and dow jones industrial average djia falling 067 to 3299012 the stocks fall snapped a threeday winning streak paychex inc closed 1809 below its 52week high 14192 which the company reached on april 6th despite its losses the stock outperformed some of its competitors tuesday as intuit inc intu fell 190 to 41446 automatic data processing inc adp fell 077 to 22294 and equifax inc efx fell 180 to 20258true trading volume 25 m eclipsed its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

palantir technologies stock received a boost monday from morgan stanley analyst keith weiss who lifted his rating on the provider of dataanalytics software to equal weight from underweight he notes that palantir’s valuation has reached its lowest level since the company went public in october 2020 weiss trimmed his target price on palantir ticker pltr stock to 16 to 24 reflecting compressed multiples across the software sector

investors asked to redeem 45 billion in april from blackstone real estate income trust the same amount shareholders sought to pull in march according to a letter monday breit allowed 13 billion to be withdrawn or about 29 of the amount requested “we remain confident that breit’s portfolio will continue to be wellpositioned to deliver strong longterm performance and consistent distributions while providing investors access to the diversification benefits of highquality real estate as a core portfolio holding” according to the letter the fund became a force in the real estate industry in recent years making big bets on apartments student housing and warehouses as it took in cash at a blistering pace breit came to symbolize blackstone’s growing reach to individuals around the world beyond its mainstay clients of pensions and endowments now a global dash for cash is testing investment giants’ growth ambitions last year more investors sought to pull money out amid market turmoil prompting breit to limit redemptions the real estate trust restricts withdrawals to about 2 monthly or 5 a quarter while a major share class of breit has generated 119 total annualized net returns since inception the fund’s performance was negative in the first quarter that’s because interest rate hedges fell in value when yields declined in march those instruments designed to protect against rising interest rates buoyed the fund last year blackstone said in a statement that breit has delivered on “strong” performance relative to indexes the broader commercialproperty industry has come under pressure as borrowing costs surged distress is popping up in the office sector as landlords confront a drop in demand given the rise in remote and hybrid work breit said in the letter monday that it has “virtually no exposure” to challenged sectors such as commodity office buildings and that the vast majority of investors stayed with the fund in april the real estate trust is mostly invested in rental housing and industrial properties sectors in which breit sees stronger fundamentals and cash flows a tightening lending environment for commercial property could ultimately help by limiting new development blackstone president jon gray said in a recent bloomberg television interview “the one benefit to existing owners is that construction lending is getting tighter” he said “i think we will see less new supply and longterm that’s a positive”

shares of truist financial corp tfc sank 099 to 3190 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 037 to 440959 and dow jones industrial average djia falling 032 to 3429912 truist financial corp closed 2032 short of its 52week high 5222 which the company achieved on august 16th the stock underperformed when compared to some of its competitors friday as jpmorgan chase co jpm rose 012 to 14326 bank of america corp bac fell 061 to 2919 and wells fargo co wfc fell 042 to 4218 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

porsche ags executive board is convinced that the companys initial public offering set for the fall will be a success despite the challenging market environment and the tense geopolitical situation said chief executive oliver blume who is also head of volkswagen ag the sportscar maker has always proven to be extremely robust and resilient especially in times of crisis mr blume said during a video conference with journalists on tuesday he referred to challenges such as the coronavirus pandemic the semiconductor shortage and the war in ukraine porsche has always achieved highprofit margins he said and this should have persuasive power for potential investors according to chief financial officer lutz meschke the qatar investment authority has already expressed interest and could subscribe just under 5 of porsche shares there is a lot of capital on the market mr blume said adding that porsches ipo could even be an icebreaker for the ipo market looking at concerns that a double mandate could generate conflict of interest mr blume said that he could potentially remain neutral and that the porsche board would then always be in a position to make independent decisions also by maintaining a dual function he would be able to ensure that synergies would continue to flow in both directionsfrom volkswagen to porsche and from porsche to volkswagen mr blume said

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shares of consolidated edison inc ed inched 060 higher to 9771 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 028 to 456746 and the dow jones industrial average djia rising 008 to 3543807 consolidated edison inc closed 450 short of its 52week high 10221 which the company achieved on september 12th the stock outperformed some of its competitors tuesday as duke energy corp duk rose 055 to 9529 exelon corp exc rose 044 to 4302 and sempra sre rose 011 to 15141 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of simon property group inc spg inched 033 higher to 12629 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 057 to 429612 and the dow jones industrial average djia rising 070 to 3404946 the stocks rise snapped a twoday losing streak simon property group inc closed 4483 below its 52week high 17112 which the company reached on november 18th the stock demonstrated a mixed performance when compared to some of its competitors monday as alexandria real estate equities inc are fell 142 to 19300 and vornado realty trust vno rose 102 to 4141 trading volume 21 m remained 45801 below its 50day average volume of 21 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of digital world acquisition the blankcheck firm that plans to merge with former president donald trump’s social media platform truth social declined sharply on a report the spac didn’t receive enough shareholder support for an extension to close the deal digital world acquisition ticker dwac was down 20 in premarket trading tuesday to 20

shares of sysco corp syy sank 060 to 8075 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 004 to 446118 and dow jones industrial average djia falling 058 to 3455299 sysco corp closed 847 below its 52week high 8922 which the company reached on march 2nd trading volume 21 m remained 719960 below its 50day average volume of 28 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the sony group corp adr sony dropped 034 to 9073 monday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 018 to 1368548 and the dow jones industrial average djia rising 062 to 3394440 sony group corp adr closed 1021 short of its 52week high 10094 which the company achieved on june 13th the adr demonstrated a mixed performance when compared to some of its competitors monday as sharp corp adr shcay fell 255 to 134 koninklijke philips nv adr phg rose 117 to 2169 and panasonic holdings corp adr pcrfy fell 140 to 1198 trading volume 672202 remained 164891 below its 50day average volume of 837093 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of resmed inc rmd rose 126 to 26207 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 138 to 479119 and the dow jones industrial average djia rising 098 to 3630238 resmed inc closed 3927 below its 52week high 30134 which the company reached on september 9th the stock demonstrated a mixed performance when compared to some of its competitors monday as thermo fisher scientific inc tmo rose 177 to 66221 medtronic plc mdt rose 149 to 10443 and koninklijke philips nv adr phg rose 063 to 3653 trading volume 201726 remained 341679 below its 50day average volume of 543405 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

mahindra mahindra ltd 500520 shares inched down 088 to 131615 indian rupees monday on what proved to be an allaround dismal trading session for the stock market with the sp bse sensex index 1 falling 028 to 6009297 mahindra mahindra ltd closed 5015 rupees short of its 52week high 136630 rupees which the company reached on november 1 the stock underperformed when compared to some of its competitors monday as hero motocorp ltd heromotoco rose 111 to 275860 rupees and ashok leyland ltd ashokley fell 020 to 14675 rupees trading volume 25900 remained 59129 below its 50day average volume of 85029 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of hca healthcare inc hca inched 038 higher to 25364 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 003 to 3374384 and the sp 500 index spx falling 002 to 401622 hca healthcare inc closed 2538 below its 52week high 27902 which the company achieved on april 21st the stock underperformed when compared to some of its competitors wednesday as community health systems inc cyh rose 676 to 474 and tenet

the sp merval index is down 371055 points or 083 today to 44151567 down for four consecutive trading days down 1627207 points or 355 over the last four trading days longest losing streak since wednesday march 15 2023 when the market fell for five straight trading days down six of the past seven trading days off 665 from its record close of 47297356 hit friday july 21 2023 off 665 from its 52week high of 47297356 hit friday july 21 2023 up 26659 from its 52week low of 12043718 hit thursday aug 4 2022 off 665 from its 2023 closing high of 47297356 hit friday july 21 2023 up 12258 from its 2023 closing low of 19836049 hit tuesday jan 3 2023 yeartodate it is up 23943055 points or 11848

shares of advanced micro devices inc amd dropped 010 to 8978 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 009 to 415487 and the dow jones industrial average djia falling 003 to 3397663 this was the stocks sixth consecutive day of losses advanced micro devices inc closed 1979 short of its 52week high 10957 which the company reached on june 6th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as nvidia corp nvda rose 246 to 27667 intel corp intc fell 096 to 3183 and applied materials inc amat fell 047 to 11127 trading volume 458 m remained 149 million below its 50day average volume of 606 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

russia’s stock market jumped in its first limited trading session since the west unveiled punishing sanctions nearly a month ago but the rally was overshadowed by government moves to prevent foreign investors from selling shares the benchmark moex index rose around 4 only 33 shares out of 50 on the index were allowed to trade in the shortened session russian energy giant gazprom pjsc rose 13 while its peer lukoil pjsc rose 12 energy prices have surged since the last time they traded russian bank stocks were mixed despite being the target of sanctions vtb bank pjsc fell 55 sberbank russia pjsc rose 39

us stocks remained lower on wednesday afternoon after the minutes of the federal reserves last policy meeting showed almost all participants expected additional interestrate increases after unanimously deciding to leave rates unchanged in june us markets were closed tuesday for the july 4 holiday stocks eked out minor gains monday with the sp 500 and nasdaq ending at around 14month highs federal reserve officials expected to raise benchmark interest rates further after keeping their policy rate unchanged at 5525 in june and broke a streak of 10 straight rate hikes over 14 months but they wanted to slow the speed of rate hikes to give themselves more time to assess the effect of past hikes according to a summary of the discussions released wednesday afternoon there was also support from an unspecified number of members for a rate hike at their june meeting some participants indicated that they favored raising the target range for the federalfunds rate 25 basis points at this meeting or they could have supported such a proposal the minutes of the june 1314 meeting said jose torres senior economist with interactive brokers said the minutes contained little new information that might move markets everyone knows that the fed wants to move higher he said during a phone interview with marketwatch instead of reacting to the minutes the market appeared to be learning to live with higher yields which is boosting investors hopes that the torrid yeartodate rally in us stocks might have more room to run traders are pricing in a 887 chance that the fed will raise its key interest rate by another 25 basis points in its july meeting according to cme fedwatch tool for us economic data orders for manufactured goods rose 03 in may the commerce department said wednesday this is the fifth gain in the past six months economists surveyed by the wall street journal were expecting a 06 rise us traders were also met with a riskoff tone across markets after weak data from china sparked fresh concerns about the prospects for global economic growth a survey of the worlds second biggest economy showed services sector activity was slower than expected in june adding to fears that chinas rebound from the covid lockdown last year continues to stall shares of chinarelated etfs dropped on wednesday with the spdr sp china etf gxc off 11 while the ishares msci china etf mchi lost 09 read china etfs fall after services sector data deepening losses this year as us stocks emergingmarkets funds rise in 2023 the negative shift in sentiment may leave us stock market vulnerable given recent strong gains and bullish positioning the sp 500 index went into the us independence day holiday at a 14month high having gained 161 for the year so far with investors saying they are increasingly optimistic and hedge funds taking bets to levels that are well above average analysts at jpmorgan noted 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

shares of constellation brands inc cl a stz shed 179 to 22760 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 040 to 382414 and dow jones industrial average djia falling 003 to 3313637 this was the stocks second consecutive day of losses constellation brands inc cl a closed 3393 below its 52week high 26153 which the company reached on april 21st editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

reliance global group inc shares were down 20 to 309 after the company said it closed its private placement of common stock and warrants for proceeds of 4 million company shares hit their 52week low of 305 earlier in the session and are down 97 in the past 12 months under the terms of the securities purchase agreement the company sold 155000 shares and accompanying common warrants and 897600 prefunded warrants and accompanying common warrants to buy 21 million shares each common unit was sold at a combined price of 380 and the prefunded units were sold at the same price the warrants will be exercisable six months from the date of issuance at an initial exercise price of 355 a share and will expire five and a half years from the date of issuance the company intends to use the proceeds from the private placement for general working capital and administrative purposes

elon musk paid about 11 billion in taxes in 2021 the tesla ceo might get some of that back when he files his 2022 taxes because he likely has a loss on the stock he just sold to fund his purchase of twitter musk’s huge 2021 tax bill resulted from his selling almost 16 million tesla ticker tsla shares in november and december he sold the stock after conducting a poll on twitter twtr asking if he should sell to accelerate paying tax on capital gains

shares of kimco realty corp kim slid 184 to 1816 tuesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 046 to 411917 and dow jones industrial average djia falling 017 to 3356181 this was the stocks second consecutive day of losses

european stocks bounced led by a jump in italian banks as investors weighed a clarification from italy about its new tax on lenders’ windfall profits the ftse mib index was up 12 after dropping the most in over a month on tuesday as italy said the impact of the tax may be limited for some banks and the levy won’t exceed 01 of a firm’s assets unicredit spa and intesa sanpaolo spa were among the biggest gainers the benchmark stoxx 600 gained 09 by 811 am in london as investor focus turned to key us inflation data due later in the week after china posted a drop in consumer and producer prices among individual movers abn amro bank edged lower as it reported betterthanexpected quarterly profit although it warned costs will be higher next year than previously expected continental ag rose 17 even as it cut its sales outlook for the year on weakening markets for tires in europe and north america after gaining for two months in a row european equities have pulled back in august as investors weigh the possibility of higherforlonger interest rates glum economic data from china and a lackluster corporate earnings season the next clue on the federal reserve’s policy outlook will come from us consumer price inflation data on thursday joachim klement head of strategy accounting and sustainability at liberum capital said that the pullback may prompt “some investors to see value emerge at current levels” however “we doubt that the current softer period is over already as we expect more analyst downgrades at the tail end of the earnings season” klement said “but we are optimistic that in september or october we can see a reacceleration of the market into yearend” italian banks as the government issued a clarification of its new tax on lenders’ windfall profits saying the impact may be limited for some banks and the levy won’t exceed 01 of a firm’s assets for more on equity markets you want more news on this market click here for a curated first word channel of actionable news from bloomberg and select sources it can be customized to your preferences by clicking into actions on the toolbar or hitting the help key for assistance to subscribe to a daily list of european analyst rating changes click here

shares of pultegroup inc phm inched 046 higher to 6843 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 016 to 412408 and dow jones industrial average djia falling 003 to 3330062 this was the stocks third consecutive day of gains pultegroup inc closed 030 short of its 52week high 6873 which the company achieved on may 9th the stock outperformed some of its competitors friday as toll brothers inc tol fell 115 to 6421 dr horton inc dhi fell 051 to 10859 and mdc holdings inc mdc fell 114 to 4152 trading volume 26 m remained 447531 below its 50day average volume of 30 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of brookfield asset management inc cl a bama inched 050 higher to c6411 monday in what proved to be an allaround favorable trading session for the canadian market with the sptsx composite index gsptse rising 091 to 1956238 the stocks rise snapped a twoday losing streak brookfield asset management inc cl a closed c1493 short of its 52week high c7904 which the company achieved on february 10th trading volume of 10 m shares remained below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

signage is seen outside the blackstone group headquarters in manhattan new york us november 12 2021 reutersandrew kellyfile photo april 19 reuters asset manager blackstone inc bxn has agreed to buy studenthousing owner american campus communities inc for about 128 billion including debt the wall street journal reported on tuesday httpsonwsjcom3esxv8p the companies did not immediately respond to reuters requests for comment reporting by niket nishant in bengaluru editing by devika syamnath

shares of thomson reuters corp tri shed 082 to c14993 thursday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 018 to 2070527 the stocks fall snapped a twoday winning streak thomson reuters corp closed c183 below its 52week high c15176 which the company reached on september 8th trading volume of 378622 shares eclipsed its 50day average volume of 294031 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us stocks traded lower again on thursday with the market headed for its biggest weekly selloff since march after the federal reserve raised interest rates wednesday while regional bank stocks came under pressure again on wednesday the dow jones industrial average fell 270 points or 08 the bluechip gauge is on track to fall 26 this week us stocks fell again with financials leading the way down after the federal reserve raised interest rates on wednesday for the tenth time though chairman jerome powell hinted at a pause in rate hikes us stocks are headed for their worst week since march 10 the day silicon valley bank collapsed as investors fear the federal reserve might be powerless to ease pressure on the banking sector by cutting rates said michael lebowitz portfolio manager at ria advisors the fed is stuck if this would have happened prior to covid and inflation wasnt an issue the fed would be talking about cutting rates or slowing down on qt or stopping it but right now they have an inflation problem to deal with lebowitz said the financial services sector was the worst performing in the sp 500 index thursday just hours after fed chair jay powell said that the banking sector was sound and resilient during wednesdays press conference shares in pacwest bancorp pacw plunged 50 in afterhours trading amid reports the struggling regional banks executives were weighing a possible sale it looks like more trouble is brewing for the us banking sector on the contrary to what powell said yesterday said ipek ozkardeskaya senior analyst at swissquote meanwhile the european central bank delivered its latest policy decision hiking rates by 25 basis points while ecb president christine lagarde hinted at more hikes to come see lagarde says ecb not pausing after delivering rate hike economic data released on thursday showed the number of americans who applied for unemployment benefits rose by 13000 to 242000 during the final week of april meanwhile the trade deficit narrowed 9 in march to a fourmonth low of 642 billion results from apple aapl the largest us company by market capitalization are due after the closing bell on thursday 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

uncle budd nyc a legendary blackowned cannabis brand has officially entered the new york market via a partnership with omnium canna in which the two companies will participate in a manufacturing and licensing partnership to produce cannabis products a mobile dispensary company that attracted media attention for its colorful trucks and cannabis ‘gifting’ in new york city uncle budd nyc was founded by craig sweat who spent over 20 years in prison due to the war on drugs since his release sweat has been an indefatigable crusader for cannabis reform and social equity within the industry sweat told benzinga in a past interview that the trucks were not in the business of “selling cannabis” but rather giving it away for a small donation which went right back to the original community that “created the business of selling weed” in the first place legacy weed sellers “we’re trying to keep them alive by enabling them to thrive theyre the original cannabis community that has been doing this successfully for decades and they want to keep doing it” see also dude wheres my trucks uncle budd nyc still searching for 12 confiscated cannabis trucks sweat is now clearly enthused about the partnership with omnium “this partnership is more than just a business deal it is a statement of our commitment to equity and justice in the cannabis industry we are proud to work with omnium canna to bring our vision of a more inclusive and equitable cannabis industry to life” sweat said uncle budd nyc and omnium canna are poised to make a significant impact on the cannabis landscape in new york and beyond as they seek to create more diversity and equal opportunities in the cannabis industry both of which are sorely lacking the partnership is also significant because uncle budd nyc is the first blackowned cannabis brand to enter the new york market and omnium canna is the first licensed minorityowned cannabis processor and extractor in the united states “we are thrilled to partner with uncle budd nyc to bring our highquality cannabis products to the people of new york” said howard hoffman cofounder of omnium canna “this partnership represents the intersection of two powerful forces in the cannabis industry – the first licensed minorityowned cannabis processor and extractor in the united states and a blackowned cannabis brand entering the new york market for the first time”

shares of shaw communications inc cl b nv sjrb slipped 025 to c3960 monday in what proved to be an allaround negative trading session for the canadian market with the sptsx composite index gsptse falling 062 to 2062892 shaw communications inc cl b nv closed c046 below its 52week high c4006 which the company achieved on january 25th trading volume of 23 m shares eclipsed its 50day average volume of 20 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

zk international group nasdaq zkin is trading higher after the company reported 1h revenue of 4217 million up 498 year over year the company also announced its xsigma launched maximnftcom in partnership with maxim the company noted the increase in revenue was due to increased domestic orders that drove increased sales volume maximnftcom will be endorsed and promoted by maximcom across its digital social and publishing assets additionally maximnft will be the exclusive seller of maximcoms own nfts said zk international in a press release the company said it will allow customers to create and sell nfts on various blockchains including but not limited to ethereum binance smart chain and polkadot maximnft plans to focus on sports and celebrities collectibles as well as gaming content the company is betting on the rise of gaming and the utilization of nft technology for ingame purchases and collectibles additionally maximnft will combine its nfts with new ar and vr technologies said zk international xsigma corporation is a blockchain rd lab and a wholly owned subsidiary of zk international xsigmas team includes worldclass developers formerly of google facebook ripple labs and 1inch zk international launched xsigma as a research and development lab in 2018 at the last check zk international was trading 131 higher at 441 on thursday the stock has a 52week

shares of pvh corp pvh inched 065 higher to 7163 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 144 to 394126 and dow jones industrial average djia falling 103 to 3359634 the stocks rise snapped a twoday losing streak pvh corp closed 4215 below its 52week high 11378 which the company achieved on january 5th the stock outperformed some of its competitors tuesday as vf corp vfc fell 041 to 2939 bath body works inc bbwi fell 274 to 4263 and under armour inc cl c ua fell 152 to 840 trading volume 15 m eclipsed its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of reliance industries ltd 500325 inched down 004 to 255155 indian rupees thursday on what proved to be an allaround poor trading session for the stock market with the sp bse sensex index 1 falling 049 to 6291763 reliance industries ltd closed 20315 rupees short of its 52week high 275470 rupees which the company reached on december 1 the stock demonstrated a mixed performance when compared to some of its competitors thursday as gujarat state petronet ltd gspl rose 177 to 30180 rupees and gail india ltd gail fell 005 to 10715 rupees editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of pioneer natural resources co pxd rose 266 to 18689 monday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 089 to 395157 and the dow jones industrial average djia rising 120 to 3224458 pioneer natural resources co closed 10157 short of its 52week high 28846 which the company achieved on may 31st the stock outperformed some of its competitors monday as eog resources inc eog rose 263 to 10545 devon energy corp dvn rose 184 to 4700 and occidental petroleum corp oxy rose 085 to 5898 trading volume 29 m eclipsed its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

michigans cannabis regulator warned operators about an increase of robberies among delivery drivers the michigan cannabis regulatory agency cra said that there are over dozen reports of drivers being robbed while delivering marijuana products reported fox 17 all the robberies happened at residential delivery addresses in ypsilanti ann arbor lansing westland detroit ferndale hamtramck hazel park and utica some drivers were held up at gunpoint and robbed of their vehicles this is a concerning trend that not only puts drivers at risk but also undermines the states legal cannabis market cra director andrew brisbo said we urge marijuana businesses to take all necessary precautions and report any suspicious activity to the proper authorities cannabis sales in michigan hit 2034 million in november representing the largest yearoveryear growth since february total 2022 cannabis sales reached 2 billion this rising trend is only a reflection of another one – high demand for weed among michiganders a trend retailers seem to be keeping up with according to robin schneider director of the michigan cannabis industry association the market is even facing oversupply which led to consumers paying less than ever for cannabis with an average retail cost for an ounce ranging between 60 and 95 schneider expects this will lead to market consolidation a number of businesses will likely sell go out of business and well see more mergers and acquisitions as businesses attempt to combine resources and stay afloat he said its really turning into a scenario where the best brands will win and the consumers are dictating the winners and losers

shares of republic services inc rsg inched 026 higher to 12528 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 085 to 448070 and the dow jones industrial average djia rising 068 to 3481439 this was the stocks fourth consecutive day of gains republic services inc closed 087 below its 52week high 12615 which the company reached on september 13th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as waste management inc wm rose 068 to 15563 waste connections inc wcn rose 012 to 13038 and veolia environnement sa adr veoey rose 064 to 3445 trading volume 871016 remained 85217 below its 50day average volume of 956233 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of diamondback energy inc fang inched 083 higher to 13959 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 081 to 458264 and the dow jones industrial average djia rising 030 to 3492188 this was the stocks second consecutive day of gains diamondback energy inc closed 840 short of its 52week high 14799 which the company reached on march 25th the stock outperformed some of its competitors monday as pioneer natural resources co pxd fell 016 to 25275 occidental petroleum corp oxy fell 055 to 5779 and concho resources inc cxo fell 602 to 6560 trading volume 14 m remained 16 million below its 50day average volume of 30 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of aon plc aon slipped 123 to 30157 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 153 to 398637 and dow jones industrial average djia falling 172 to 3285646 the stocks fall snapped a threeday winning streak aon plc closed 4041 below its 52week high 34198 which the company reached on april 21st trading volume 546875 remained 173023 below its 50day average volume of 719898 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares in iron ore and lithium miner mineral resources ltd on wednesday slumped by as much as 13 after its firsthalf earnings fell materially short of analysts expectations mineral resources said its halfyear underlying earnings before interest tax depreciation and amortization totaled of 156 million australian dollars us111 million down 80 on a year ago the company cited a fall in ironore prices and discounts on its lowgrade ore analysts had expected a squeeze from weaker commodity prices but hadnt tipped the miners earnings to fall so far market consensus was for firsthalf earnings of a268 million morgan stanley said the banks own forecast was even higher at a312 million mineral resources shares quickly clawed back some of their early losses and recently traded down 46 at a5522 a share the miners shares hit an alltime high in january above a66 a share having benefited from a surge in prices for lithium which it also produces mineral resources is seeking to increase its output of that commodity used in batteries and on wednesday said it is in talks with us lithium producer albemarle corp to look at changes to and ways to expand a partnership between the two companies mineral resources was among the worst performing stocks on the spasx 200 which was up 04

the last full week of trading for may is set to kick off on a subdued note as markets wait for progress on the debt ceiling and more fed clarity on interest rate direction but the sp 500’s spx surprising bust out of a range last week has opened up a debate on wall street about whether or not that move has any teeth to it morgan stanley’s mike wilson in our call of the day sees a dangerous trap “last week’s price action showed signs of panic by investors who are afraid they’ll miss the next bull market we believe this will prove to be a head fake rally like last summer’s for many reasons” wilson told clients in a sunday note “with the index showing some signs that it wants to break out market internals are much less attractive today and leadership has changed dramatically” he says read how to invest in one of the hottest stock market sectors while cutting your risk for example he sees not just the top 1020 stocks looking expensive but the sp 500 median stock forward priceearnings pe ratio at 183 times and sp 500 extech median pe at 18 both within the top 15 of historical levels second a “very healthy reacceleration” is baked into secondhalf consensus forecasts for earnings but morgan stanley’s forecasts “continue to point materially lower” wilson says their own model has been highly accurate over time and recently he said they started warning of an earnings recession a year ago and got a lot of pushback “however our model proved quite prescient based on the results and is now projecting a much more dire outcome than consensus given its historical and more recent track record we think consensus estimates are off by as much as 20 for this year” said wilson what else stocks are pricing in fed cuts before year end without “material implications” for growth while wilson sees easing only if a recession is clearly coming or bank stress is spreading other worries signs of waning consumer strength and the possibility that raising the debt ceiling will weigh on market liquidity due to sizeable treasury issuance seen in the next six months after it passes also seeing trouble on the horizon is michael kramer portfolio manager of the mott capital thematic growth portfolio in a substack post he talks about a stalemate that will be tricky for investors to navigate “presently the options market does not seem to provide the equity market with the necessary impetus to move higher as long as this situation persists both the index and the bulls remain trapped while it is possible for the index to reach 4225 i have reservations about its ability to surpass that level given the prevailing dynamics” he said he now expects big market makers to sell sp 500 futures above 4200 therefore keeping upward movement limited but also act as sellers of the sp 500 below 4150 read big tech still has the power to extend the rally and weather an economic storm analysts say stock futures es00 ym00 nq00 are struggling for traction with bond yields bxtmubmusd10y bxtmubmusd02y and oil prices cl weakening investors aren’t giving gold gc00 and silver si00 much love either asian stocks jpnik hkhsi had a mostly upbeat session greek stocks grgd are surging after a landslide victory by the ruling conservative party for more market updates plus actionable trade ideas for stocks options and crypto subscribe to marketdiem by investor’s business daily president joe biden and house speaker kevin mccarthy will resume debtceiling talks on monday and also had a phone call which mccarthy said was “productive” biden also said he could invoke the 14th amendment to solve the crisis though it may be too late china’s government has told tech manufacturers to stop buying chips from micron technology mu citing “serious network security risks” micron shares slumped in premarket trade pacwest shares pacw are up 5 in premarket after the regional lender said it will sell a portfolio of 74 real estate construction loans minneapolis fed president neel kashkari told the wall street journal that he’s open to a ratehike pause at the next fed meeting there are more fed speakers on monday and st louis president james bullard kickstarts the parade at 830 am monday’s data calendar is quiet but the week’s highlights include secondquarter gdp pmis home sales fed minutes and the fed’s favorite inflation indicator the pce price index an earnings dump from retailers that cater to lowerandmiddleincome shoppers will roll out this week kohl’s kss dollar tree dltr costco cost and best buy bby to name a few chipmaker and hot ai stock nvidia nvda will report on wednesday best of the web after the pause this is how borrowers are preparing for resumption of studentdebt payments watch out for ‘shoulder surfing’ phone thieves who watch you enter your pin before making their move convicted sex offender jeffrey epstein reportedly tried to blackmail microsoft founder bill gates over an extramarital affair here’s another look at tech’s heavy representation in the market right now these were the top searched tickers on marketwatch as of 6 am spot the nike ‘swoosh’ on this 400year old painting need to know starts early and is updated until the opening bell but sign up here to get it delivered once to your email box the emailed version will be sent out at about 730 am eastern listen to the best new ideas in money podcast with marketwatch reporter charles passy and economist stephanie kelton

shares of dr horton inc dhi rallied 304 to 10294 thursday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 147 to 417976 and the dow jones industrial average djia falling 011 to 3405394 this was the stocks third consecutive day of gains dr horton inc hit a new 52week high surpassing its previous peak of 10087 which the company reached on february 1st the stock demonstrated a mixed performance when compared to some of its competitors thursday as lennar corp cl a len rose 324 to 10808 lennar corp cl b lenb rose 200 to 8935 and invitation homes inc invh rose 376 to 3391 trading volume 31 m eclipsed its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of loews corp l advanced 198 to 6279 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 048 to 417548 and the dow jones industrial average djia rising 020 to 3312879 the stocks rise snapped a twoday losing streak loews corp closed 541 below its 52week high 6820 which the company reached on april 21st the stock outperformed some of its competitors tuesday as chubb ltd cb rose 117 to 20758 progressive corp pgr rose 172 to 11223 and travelers cos inc trv rose 098 to 17176 trading volume 11 m eclipsed its 50day average volume of 870981 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us stock futures traded lower monday as investors braced for more federal reserve interestrate tightening later this week on friday the dow jones industrial average djia fell 139 points or 045 to 30822 the sp 500 spx declined 28 points or 072 to 3873 and the nasdaq composite comp dropped 104 points or 09 to 11448 the sp 500 down four of the past five weeks has dropped 19 this year the market focus was firmly on the upcoming federal open market committee meeting which is due to end wednesday a rate hike of threequarters of a point is expected and attention will be put on the accompanying dot plot of rate porjections “the 2023 median effectively communicating the fed’s terminal rate may be 42545 despite the dramatic upward revisions to policy rate projections risks remain skewed to the upside it is much easier to see scenarios where policy rates reach above 5 than where the cycle terminates below 4” said economists at citi led by andrew hollenhorst andrew sheets chief crossasset strategist at morgan stanley said cash and shortterm fixed income increasingly offer lower volatility and high yield he points out the yield on us 1to5 year credit of 49 compares to the 59 earnings yield of the sp 500 but the stockmarket index has been 57 times more volatile over the last 30 days the cryptocurrency complex was getting hit particularly hard with bitcoin btcusd trading below 19000 gold futures also fell with the lead contract gc00 down about 12 per ounce the uk stock market was closed in observance of the funeral for queen elizabeth ii with heads of state including us president joe biden in london

shares of franklin resources inc ben dropped 043 to 2977 wednesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 016 to 399105 and dow jones industrial average djia falling 026 to 3304509 this was the stocks second consecutive day of losses franklin resources inc closed 460 short of its 52week high 3437 which the company achieved on february 2nd the stock demonstrated a mixed performance when compared to some of its competitors wednesday as blackrock inc blk fell 120 to 68741 goldman sachs group inc gs fell 006 to 36089 and bank of new york mellon corp bk fell 054 to 5016 trading volume 24 m remained 14 million below its 50day average volume of 38 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of fox corp cl a foxa advanced 140 to 3690 tuesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 178 to 464923 and the dow jones industrial average djia rising 160 to 3549270 the stocks rise snapped a twoday losing streak fox corp cl a closed 790 short of its 52week high 4480 which the company achieved on march 16th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as walt disney co dis rose 313 to 15105 netflix inc nflx rose 188 to 60492 and comcast corp cl a cmcsa rose 095 to 4886 trading volume 25 m remained 974216 below its 50day average volume of 34 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

spains national securities market commission or cnmv on wednesday said that it and spains stockmarket operator bme are analyzing the possible limitations of a spanish company listing its shares in the us both the bme and the cnmv are analyzing if there could be limitations commission chairman rodrigo buenaventura said the stockmarket regulator would consider making changes to market rules to allow a better connectivity with us markets if there was demand from more companies mr buenaventura said the move comes after spains ferrovial sa said late last month it will merge into its whollyowned dutch subsidiary and will seek a dual listing in spain and the netherlands and later on in the us mr buenaventura described the madridbased infrastructure companys decision as novel and unprecedented and said that spains market commission hasnt received an expression of interest or inquiry about the possibility of listing a spanish company in the us while also being listed in spain

london nov 30 reuters the discovery of the new omicron coronavirus variant towards the end of november has sent markets tumbling the culmination of a volatile month for almost every asset class globally tuesdays warning from the head of drugmaker moderna mrnao that current vaccines are unlikely to be as effective against omicron made for a painful end of the month for markets with fresh selling across confidencesensitive asset classes below is a series of charts showing the main moves roughly 2 trillion has been wiped off the value of mscis 50country world stocks index since midnovember miwd00000pus rising covid19 case numbers and moves by countries such as austria and the netherlands to reimpose restrictions were a warning sign but the selloff accelerated rapidly on friday after south africa identified the new omicron strain an attempted bounce on monday was then quickly wiped out on tuesday after the comments from the moderna ceo and warnings that it could take 34 months to rework vaccines omicrom fears have tipped european travel and leisure stocks into their biggest monthly fall since covid19 first hit world markets in march 2020 they have lost over 20 in november and the refinitiv global airline index trxfldglpuarli has fallen back to levels last seen a year ago oil prices are now down 15 for the month which like travel stocks is also the worst month since the covid rout it does however come after a more than 400 surge in prices since that trough money markets have been quick to whittle down expectations of how much global policymakers will raise interest rates next year the united states for example is expected to start raising rates by 25 bps only from september 2022 compared to june the expectation at the start of last week that sentiment is echoed in british money markets too where traders now expect only a 50 probability of a 015 hike from the bank of england on dec 16 compared to 80 probability last week according to refinitiv data in europe markets dont expect the ecb to increase interest rates at all next year the scramble to safety has seen ultrasafe government bond rally strongly after three monthly of sustained selling on the theory that major central banks will have to delay plans to raise interest rates again germanys 10year bund yield is down roughly 25 basis points this month set for one of its biggest monthly drops of the past two years tenyear us treasury yields the main propellant of global borrowing costs will end the month roughly 14 bps lower that would end three straight months of rises britains 10year gilt yield has tumbled roughly 23 bps in its biggest monthly drop since january 2020 emerging markets have been battered by renewed covid concerns and dollar strength but also idiosyncratic problems in a handful of big countries turkeys lira crashed nearly 25 in november a crisis that was largely of its own making under political pressure the central bank cut interest rates for the third time in quick succession even as inflation rocketed to 20 another big mover was south africa where omicron was first detected the rand has slumped more than 6 against the dollar this month omicron saw thailands tourismreliant baht drop 15 bringing yeartodate losses to 11 finally an emerging equity index has tanked 4 to approach oneyear lows mscief reporting by marc jones julien ponthus and dhara ranasinghe editing by mark heinrich

hcl technologies ltd 532281 shares shed 126 to 104040 indian rupees tuesday on what proved to be an allaround dismal trading session for the stock market with the sp bse sensex index 1 falling 007 to 5761372 hcl technologies ltd closed 16260 rupees below its 52week high 120300 rupees which the company achieved on april 5 the stock demonstrated a mixed performance when compared to some of its competitors tuesday as tata consultancy services ltd tcs fell 020 to 311590 rupees and wipro ltd wipro fell 140 to 35620 rupees trading volume 45276 remained 48895 below its 50day average volume of 94171 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of archer daniels midland co adm slid 216 to 7873 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 074 to 447216 and the dow jones industrial average djia rising 025 to 3434743 archer daniels midland co closed 1955 short of its 52week high 9828 which the company reached on november 4th the stock underperformed when compared to some of its competitors wednesday as tyson foods inc cl a tsn rose 099 to 5218 conagra brands inc cag fell 042 to 3298 and bunge ltd bg fell 142 to 10066 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of comcast corp cl a cmcsa inched 095 higher to 3735 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 031 to 398224 and the dow jones industrial average djia rising 022 to 3288909 the stocks rise snapped a twoday losing streak comcast corp cl a closed 1107 short of its 52week high 4842 which the company reached on april 11th the stock demonstrated a mixed performance when compared to some of its competitors monday as netflix inc nflx rose 185 to 32303 walt disney co dis rose 015 to 10045 and charter communications inc cl a chtr rose 006 to 37505 trading volume 174 m remained 40 million below its 50day average volume of 214 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

bright health group inc on friday said it is exploring the potential sale of its california medicare advantage business as the struggling healthcare company continues to shift its focus to its consumercare delivery business the minneapolis company said it has received expressions of interest in the business which consists

shares of ch robinson worldwide inc chrw slumped 069 to 9562 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 132 to 465527 and the dow jones industrial average djia rising 068 to 3513594 this was the stocks second consecutive day of losses ch robinson worldwide inc closed 873 below its 52week high 10435 which the company achieved on april 16th the stock underperformed when compared to some of its competitors monday as united parcel service inc cl b ups fell 032 to 20464 fedex corp fdx rose 102 to 24057 and expeditors international of washington inc expd rose 232 to 12676 trading volume 836941 remained 129070 below its 50day average volume of 966011 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of constellation software inc csu inched 034 higher to c281565 tuesday in what proved to be an otherwise allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 015 to 2055153 constellation software inc closed c1369 short of its 52week high c282934 which the company achieved on july 19th trading volume of 20429 shares remained below its 50day average volume of 26799 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

us commercial inventories of crudeoil increased last week as refineries reduced activity and as the government transferred more of the nations strategic petroleum reserve to the commercial side according to data released wednesday by the energy information administration benchmark us oil prices that were higher before the report was released added to those gains afterward the nymex frontmonth crude contract for december delivery was recently up 28 at 8774 a barrel commercial crudeoil stockpiles rose by 26 million barrels to 4399 million barrels and are still 2 below the fiveyear average the eia said analysts surveyed by the wall street journal had predicted crude stockpiles would rise by just 600000 barrels from the prior week oil stored at cushing okla the delivery point for us stocks increased by 667000 barrels from the previous week to 269 million barrels the eia said in its weekly report us crudeoil production remained unchanged last week at 12 million barrels a day according to the eia gasoline stockpiles fell by 15 million barrels to 2079 million barrels compared with analysts expectations for inventories to decrease by 900000 barrels from the previous week distillate stocks which include heating oil and diesel fuel rose by 170000 barrels to 1064 million barrels but are still about 20 below the fiveyear average the eia said analysts had forecast distillates inventories would fall by 11 million barrels from the previous week the refining capacity utilization rate unexpectedly fell by 06 percentage point from the previous week to 889 analysts were forecasting no change from the week prior

shares of abiomed inc abmd slid 411 to 28171 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 042 to 412247 and dow jones industrial average djia falling 018 to 3277441 abiomed inc closed 9759 below its 52week high 37930 which the company achieved on november 10th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as boston scientific corp bsx rose 015 to 4103 teleflex inc tfx fell 258 to 24930 and atricure inc atrc fell 490 to 4892 trading volume 191738 remained 83508 below its 50day average volume of 275246 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

although the dow jones surged sharply by over 400 points on tuesday there were a few notable insider trades when insiders purchase shares it indicates their confidence in the companys 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 benzingas insider transactions platform the trade insight enterprises inc 10 owner valueact holdings gp llc acquired a total of 97200 shares at at an average price of 9948 to acquire these shares it cost around 967 million what insight enterprises does insight enterprises inc is a fortune 500 global it provider primarily engaged in helping businesses of all sizes large enterprises governments schools and health care organizations the trade six flags entertainment corporation 10 owner h partners management llc acquired a total of 425000 shares at an average price of 2886 to acquire these shares it cost around 1226 million what’s happening six flags entertainment recently reported firstquarter fy22 sales growth of 68 yy to 138 million beating the consensus of 12226 million what six flags entertainment does six flags entertainment corp owns and operates theme parks worldwide the company operates around 26 theme parks and waterparks 23 are located in the united states two are located in mexico and one is located in montreal canada don’t forget to check out our premarket coverage here also check this executives sell more than 220m of 3 stocks

shares of boston properties inc bxp slipped 075 to 5061 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 045 to 413764 and the dow jones industrial average djia falling 009 to 3353133 boston properties inc closed 6418 short of its 52week high 11479 which the company reached on may 17th

shares of vf corp vfc dropped 022 to 2226 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 038 to 405599 and dow jones industrial average djia falling 068 to 3330187 this was the stocks second consecutive day of losses

hsbc holdings shareholders will gather for the banks annual general meeting on friday to vote on 18 resolutions including special resolutions requested by shareholders the meeting comes as chinese insurer ping ana majority shareholder with a stake of more than 8 in the bank and which has support of some hongkongbased retail investorshas recently been vocal about reforming the lender and suggested restructuring options to enhance shareholder value hsbc responded by saying that spinning off its asian business would result in high costs and be value destructive the meeting will take place days after hsbc published firstquarter results where it reported betterthanexpected profits even after onetime gains and said it has established a 50 dividend payout ratio for 2023 and 2024 as it is confident it will return to prepandemic dividend levels there is further evidence that the integrated business and capital returns that hsbc is proposing are exceptionally high numbers said analyst alastair ryan of bank of america securities which forecasts it to return a quarter of its market capitalization or 34 billion to shareholders over the next two years a group represented by ken lui yu kin who leads the spin off hsbc asia concern group has proposed two resolutions which the bank has advised shareholders to vote against as it considers them not to be in the best interests of the company or shareholders analysts expect both special resolutions 17 and 18 not to be voted through by shareholders as no support from institutional investors has been seen heres what you need to know resolution 17 it proposes the creation and implementation of a quarterly strategy review of structural reforms aimed at the banks asia business which would include its spinoff and strategic reorganization and restructuring we do not expect shareholder proposals seeking to restructure hsbc to receive support given the value of hsbcs connected global businesses improved shareholder returns also reduce the perceived need to create shareholder value through restructuring berenberg analyst peter richardson wrote in a note the push to isolate the asian business to unlock further value remains contrary to hsbcs tradition of a globally interconnected bank and one which it fully intends to continue to resist interactive investors head of markets richard hunter said in a note adding that the turmoil in the sector has enabled hsbc to flex its financial muscles and reiterate its power the request to carve out a still integrated but separately identified entity is a very particular request and it has seen little institutional support bofas ryan said in my view ping ans objective remains the partial listing of the hong kong subsidiary not to create value but to ringfence depositors against the impact of us sanctions what ping an refers as geopolitical risk in its statement alphavalue analyst david grinsztajn said resolution 18 a dividend policy was proposed through which the bank would commit to distribute quarterly payouts that amount to no less than 051 a year its prepandemic level the resolution is asking for something that the company already intends to deliver ryan said hsbc is now in a position in which it can restore its distribution to its traditionally high levels on a recurring basis he noted with the current share buybacks planned special dividend from the disposal of its canadian business and the final 2023 dividendwhich bofa estimates at 055 a sharethe bank can significantly catch up on total capital distributions that were missed since the decision to cancel quarterly dividends during the pandemic he said i think that requesting management to commit to a minimum payout ratio does not make sense especially since the regulator as a final say on capital distribution alphavalues grinsztajn said the proposal is likely to be rejected as the bank declared its first quarterly dividend since 2019 at 1q results and will likely to want to retain its flexibility over dividend distribution

shares of transdigm group inc tdg rallied 622 to 63393 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 257 to 427788 and the dow jones industrial average djia rising 200 to 3328625 this was the stocks second consecutive day of gains transdigm group inc closed 5410 short of its 52week high 68803 which the company achieved on june 24th the stock outperformed some of its competitors wednesday as boeing co ba rose 274 to 17856 and woodward inc wwd rose 253 to 11946 trading volume 406553 eclipsed its 50day average volume of 306924 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

shares of moderna inc mrna inched 074 higher to 39787 wednesday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 015 to 1504186 and the dow jones industrial average djia rising 011 to 3540550 moderna inc closed 9962 short of its 52week high 49749 which the company achieved on august 10th the stock outperformed some of its competitors wednesday as abbvie inc abbv rose 060 to 12040 amgen inc amgn fell 124 to 22159 and astrazeneca plc adr azn rose 010 to 5858 trading volume 143 m remained 44 million below its 50day average volume of 187 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

gwg holdings inc shares were down 22 to 204 a 52week low after the company said it received a letter from the listing qualifications department of the nasdaq stock market notifying the company that it wasnt in compliance with requirements of a nasdaq listing rule the company said it received the letter as a result of not having timely filed its annual report on form 10k for the fiscal year ended dec 31 gwg holdings said the letter has no immediate effect on the listing or trading of its common stock on the nasdaq capital market the letter said the company is required to submit a plan to regain compliance with rule 5250c1 within 60 calendar days from the date of the letter if the plan is accepted by nasdaq then nasdaq can grant the company up to 180 calendar days from the due date of the form 10k to regain compliance

bonterra energy corp said friday that it has secured two new credit facilities credit facilities amounting to 205 million canadian dollars the equivalent of us1537 million as part of a debt restructuring plan the canadian oil and gas corporation said the first facility is a c110 million first lien secured loan syndicated between three banks and the second is a c95 million second lien secured term loan bonterra said also that it has fully repaid its c47 million business development bank of canada term facility with the new credit facilities the company said its debtcapital structure has been improved and that it expects to benefit from better stability as a result it said that it expects the bank loan to be repaid by the second half of next year and that it plans to continue building on its bankdebt reduction of around c150 million it achieved in between the second quarter of last year and the third quarter of this year in this light it said it forecasts funds flow of around c190 million in the full 2022 year compared with c105 million in 2021 free funds flow a metric which excludes capital expenditures is expected to rise to c110 million compared with c33 million

shares of open text corp otex rallied 149 to c4697 tuesday in what proved to be an otherwise allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 019 to 2022119 open text corp closed c865 short of its 52week high c5562 which the company reached on march 9th trading volume of 21 m shares eclipsed its 50day average volume of 749369

ferguson plc ferg shares rallied 215 to £10905 tuesday on what proved to be an allaround favorable trading session for the stock market with the ftse 100 index ukx rising 179 to 753622 ferguson plc closed £1555 short of its 52week high £12460 which the company achieved on february 16 trading volume 157874 remained 262704 below its 50day average volume of 420578 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use

the nio inc adr nio rallied 802 to 2250 thursday on what proved to be an allaround favorable trading session for the stock market with the nasdaq composite index comp rising 228 to 1162135 and the dow jones industrial average djia rising 112 to 3138455 nio inc adr closed 2488 below its 52week high 4738 which the company reached on july 22nd the adr outperformed some of its competitors thursday as tesla inc tsla rose 553 to 73363 toyota motor corp adr tm rose 283 to 15715 and ferrari