Wayne Duggan - Spark Newswire

2 minute read

Fed Maintains Interest Rates, Continues Asset Purchases, Forecasts 2023 Rate Hike

Today, 1:38 PM

The Federal Reserve maintained its target fed funds rate range of between zero and 0.25%. The Fed also reassured investors it will continue to support the economy via asset purchases while the U.S. recovers from the pandemic.

SPY

2 minute read

The Best There Is, The Best There Was: Bret Hart NFTs Are Coming For Pro Wrestling Fans

By Wayne Duggan

Today, 1:38 PM

NFT startup WRARITIES has announced it will be expanding its NFT collectibles lineups in the coming weeks to include two legends of professional wrestling.

WWE

2 minute read

Exxon Board Shakeup More About Dividend Than Climate Change, Analyst Says

By Wayne Duggan

Today, 1:38 PM

Activist Exxon Mobil Corporation (NYSE: XOM) investors recently won a third seat on the company’s board of directors, and media outlets have reported that shareholder approval of the board shakeup is largely motivated by a desire to prepare the company for a lower-carbon future.

XOM

2 minute read

The ‘Great Steel Squeeze Of 2021’ Continues: What’s Next?

By Wayne Duggan

Today, 1:38 PM

The 2021 surge in steel prices has once again prompted Bank of America to raise its earnings outlook for U.S. steel stocks.

CLF

2 minute read

3 Reasons Tech Stocks May Continue To Struggle

By Wayne Duggan

Today, 1:38 PM

So far in 2021, the Vanguard Value Index Fund ETF (NYSE: VTV) is up 17.4% nearly double the year-to-date return of the Technology Select Sector SPDR Fund (NYSE: XLK).

VTV

2 minute read

Survey: Hedge Fund Managers Aren’t Worried About Inflation

By Wayne Duggan

Today, 1:38 PM

Investors are eagerly anticipating the U.S. Federal Reserve’s updated economic projections expected out Wednesday. Inflation is at the forefront of many investors minds at the moment, but the latest global hedge fund manager survey from Bank of America suggests fund managers aren’t particularly concerned about inflation.

AGG

2 minute read

If You Invested $1,000 In BlackBerry Stock One Year Ago, Here’s How Much You’d Have Now

By Wayne Duggan

Today, 1:38 PM

Investors who have owned stocks in the past year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the past 12 months is 42%. But there is no question some big-name stocks performed better than others along the way.

AMZN

2 minute read

Lordstown Motors Analyst On CEO Departure: ‘Interim C-Suite Team Appears To Be An Upgrade’

By Wayne Duggan

Today, 1:38 PM

Lordstown Motors Corp (NASDAQ: RIDE) shares dropped another 16.2% on Monday after the company announced its CEO and CFO are resigning from their positions effective immediately.

RIDE

2 minute read

How Should The US Tax Cannabis And Approach Tax Reform? Expert Gives 3 Approaches

By Wayne Duggan

Today, 1:38 PM

Ulrik Boesen, a Senior Policy Analyst at the Tax Foundation, recently joined Bank of America for an investor call about U.S. cannabis tax policy. Boesen said tax policies toward cannabis in the U.S. today need a lot of improvement, but regulators also have to be careful to avoid negative consequences.

2 minute read

Why This Analyst Just Raised US EV Penetration Forecast To 7% By 2025, 20% By 2030

By Wayne Duggan

Today, 1:38 PM

Electric vehicle stocks have been all the rage on Wall Street in the past couple of years. On Monday, Bank of America auto analyst John Murphy updated his long-term EV penetration forecast for the U.S. market. He now sees EV penetration happening much more rapidly than he previously expected.