Wall Street was upbeat last week with the S&P 500, the Dow Jones and the Nasdaq gaining about 3.3%, 2.6% and 3.4%, respectively. The S&P 500 and the Nasdaq repeatedly hit record closing last week. On Aug 27, the Federal Reserve announced a new strategy to bring back th
In trading on Monday, shares of Enbridge Inc's Cumulative Redeemable Preference Shares, Series B (TSX: ENB-PRB.TO) were yielding above the 3.5% mark based on its quarterly dividend (annualized to $0.8536), with shares changing hands as low as $11.80 on the day. As of last c
What happened
Shares of casino operator MGM Resorts International (NYSE: MGM) were lower by roughly 5% at 2 p.m. EDT. The drop comes after gains toward the end of last week, leaving the stock up just 2% over the trailing 5-day span. It's the big picture here that's the real issu
In trading on Monday, shares of Stifel Financial Corporation's 6.25% Non-Cumulative Preferred Stock, Series A (Symbol: SF.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $25.88 on the day. Th
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in American International Group Inc (Symbol: AIG), where a total volume of 37,455 contracts has been traded thus far today, a contract volume which is representati
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Alexion Pharmaceuticals Inc. (Symbol: ALXN), where a total of 16,629 contracts have traded so far, representing approximately 1.7 million underlying shares. That amount
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on July 27, New Residential Investment Corp's Director, Alan L. Tyson, invested $77,184.00 into 10,000 shares of NRZ, for a cost per sh
As of the opening bell on Monday, biotech pioneer Amgen joined the Dow Jones Industrial Average, making it the 6th Nasdaq-listed company to join the 30-stock benchmark.
Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) both generated big gains for investors this year. Amazon's stock soared more than 80% as its e-commerce and cloud businesses shone throughout the COVID-19 crisis, and Microsoft's stock rallied nearly 50% as its cloud growth offs
Alaska Air Group’s ALK subsidiary Alaska Airlines announced plans of adding new seasonal routes to Jackson Hole, Wyo to take advantage of the improvement in leisure air travel demand, following the easing of restrictions.
Due to the coronavirus pandemic, MGM Resorts International MGM is laying off 18,000 furloughed employees as the outbreak coronavirus pandemic has hit gambling hubs — Macau and Las Vegas..Per Reuters, Hornbuckle stated in a letter, “Federal law requires companies to provide a
Guess?, Inc. GES is likely to post a decline in the top and bottom line when it reports second-quarter fiscal 2021 results on Sep 2. The Zacks Consensus Estimate for second-quarter loss has remained unchanged in the past 30 days at 61 cents per share. This suggests deterioration
NXP Semiconductors (NASDAQ: NXPI) and Intel (NASDAQ: INTC) are two of the world's largest chipmakers. NXP is the market leader in automotive, secure identification, and digital networking chips, while Intel is the top producer of x86 CPUs for PCs and data centers.
Stanley Black & Decker (SWK) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
Gibraltar Industries (ROCK) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
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