Wayne Duggan - Spark Newswire

3 minute read

Tobacco Stocks Volatile Ahead Of Key FDA Vaping Ban Decision

September 9, 12:19 PM

The Food and Drug Administration (FDA) is expected to make a critical ruling on vaping on Thursday that could potentially create some extreme volatility among tobacco and cannabis stocks.

BTI

2 minute read

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

By Wayne Duggan

September 8, 1:10 PM

Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 ETF Trust (NYSE: SPY) total return over the last 12 months is 33.2%. But there is no question some big-name stocks performed better than others along the way.

MRO

2 minute read

This Model Suggests Negative S&P 500 Returns Over The Next Decade

By Wayne Duggan

September 8, 11:30 AM

Bank of America has updated its S&P 500 price target for year-end 2021 and released its brand new year-end target for 2022. Unfortunately, the firm’s new estimates paint an extremely conservative picture of the next 16 months.

SPY

1 minute read

This Day In Market History: Revenue Act Of 1916

By Wayne Duggan

September 8, 9:52 AM

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1916, Congress passed the Revenue Act of 1916. Where The Market Was: The Dow Jones Industrial Average traded at 2,551, and the S&P 500 would have traded at around 9.4.

2 minute read

Morgan Stanley Initiates Coverage Of Oil Refiners, Names HollyFrontier, Valero & Marathon Top Picks

By Wayne Duggan

September 7, 1:15 PM

Energy stocks traded lower on Tuesday, but one Wall Street firm says now is the perfect time to pull the trigger on a handful of oil refiners. The Analyst: Morgan Stanley analyst Connor Lynagh initiated coverage of the following stocks:

2 minute read

BofA Reinstates Coverage Of Overstock With Buy Rating, Says Turnaround Still In Early Stages

By Wayne Duggan

September 7, 11:24 AM

Overstock.com Inc (NASDAQ: OSTK) has been outperforming primary competitor Wayfair Inc (NYSE: W) and should continue to benefit from the secular shift to online shopping, according to BofA Securities.

AMZN

2 minute read

DocuSign Stock Jumps After Q2 Earnings: 4 Analysts React To eSignature Momentum, Agreement Cloud Traction

By Wayne Duggan

September 3, 5:23 PM

Docusign Inc (NASDAQ: DOCU) shares traded higher by 5.1% on Friday after the company reported a second-quarter earnings beat and raised its guidance.

DOCU

2 minute read

BofA Bullish On EV Battery Value Chain, But Not US-Listed Lithium Stocks

By Wayne Duggan

September 3, 1:30 PM

Electric vehicle stocks have been some of the hottest investments in the market in the past couple of years as investors anticipate a multi-decade boom in EV sales. Bank of America analyst Joon-Ho Lee said Friday he's also bullish on stocks with exposure to the EV battery value chain.

ALB

3 minute read

‘Worrisome Combination’: Experts React To Disappointing August Jobs Report

By Wayne Duggan

September 3, 10:10 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) dipped lower Friday morning after the Labor Department reported one of the most disappointing monthly jobs reports in recent history.

SPY

2 minute read

Why Twitter And TikTok Were Big Social Media Winners In Q2

By Wayne Duggan

September 2, 3:51 PM

Social media stocks experienced some major volatility throughout second-quarter earnings season. On Thursday, Bank of America analyst Justin Post recapped the second quarter and highlighted which social media platforms were the biggest winners.