Analyst Color - Spark Newswire

2 minute read

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

June 16, 1:31 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

5 Reasons Why ResMed Gets Downgrade From BofA Securities

By Priya Nigam

June 16, 1:16 PM

Although ResMed Inc’s (NYSE: RMD) long-term outlook is positive, the market seems to have over-reacted to rival Koninklijke Philips NV’s (NYSE: PHG) recall notification of certain sleep and respiratory care devices for the U.S., according to B

PHG

2 minute read

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

By Wayne Duggan

June 16, 12:20 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

1 minute read

Why JPMorgan Is Bullish About Cleveland-Cliffs, Even If Steel Prices Fall

By Priya Nigam

June 16, 11:21 AM

With the acquisitions of AK Steel and ArcelorMittal USA in 2020, Cleveland-Cliffs Inc (NYSE: CLF) has emerged as the largest producer of steel in North America, according to JPMorgan.

CLF

1 minute read

Butterfly Shares Spike Higher Amid Report Hedgeye Named Stock A Best Idea

By Benzinga Newsdesk

June 16, 11:17 AM

-Bloomberg

BFLY

2 minute read

3 Reasons Tech Stocks May Continue To Struggle

By Wayne Duggan

June 15, 6:39 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

1 minute read

Morgan Stanley Downgrades Fastenal Amid Record Valuation

By Priya Nigam

June 15, 12:40 PM

While external factors limit the upside for Fastenal Company (NASDAQ: FAST), internal factors pose heightened risk over the next 12 months, according to Morgan Stanley.

FAST