The risk-reward balance may be unfavorable for chemical stocks heading into second-quarter earnings season, and one analyst adjusted his chemical stock ratings accordingly on Friday.
The Analyst: Bank of America analyst Steve Byrne issued the following chemical stock upgrades and downgrades:
Wells Fargo & Co (NYSE: WFC) wowed Wall Street with a big second-quarter earnings beat, but Bank of America analyst Ebrahim Poonawala said this week’s Wells Fargo rally may be just getting started.
Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On July 16, 1998, the Nasdaq Composite Index closed above 2,000 for the first time.
Where The Market Was: The Dow Jones Industrial Average closed the day at 9,328.19 and the S&P 500 traded at 1,183.99.
Virgin Galactic Holdings Inc (NYSE: SPCE) shares have taken a beating this week after founder Sir Richard Branson completed his journey to space over the weekend.
Gambling stocks have been a mixed bag for investors in 2021 given uneven trends in U.S. casino gambling, online sports betting and iGaming, as well as a sluggish recovery in the Macau, China market. On Thursday, one analyst cut price targets for two gaming leaders that are being dragged down by Macau.
Low float stocks can be some of the most volatile stocks in the market. If you mix in a short squeeze, the potential short-term gains in a low float stock can be extreme.
In the second quarter, two of the biggest fears among investors were that wage growth and inflation would run too hot.
Heading into the third quarter, inflation remains well above historical norms, but there’s also a growing concern that GDP growth could disappoint and corporate earnings and guidance will start showing signs of peaking.
Netflix Inc (NASDAQ: NFLX) and Walt Disney Co (NYSE: DIS) are the leaders in paid streaming video, but a new report from global consumer research platform