As oil prices rise, so doshares of companies that hold a significant part of their assets in oil. The Energy Select Sector SPDR Fund (NYSE: XLE) holds the stocks of many of these companies.
Cathie Wood-led Ark Investment Management on Thursday bought 4,496 shares, estimated to be worth about $10.55 million, in Google parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) on the dip.
The massive rally in the stocks of AMC Entertainment Holdings Inc. (NYSE: AMC) and GameStop Corp. (NYSE: GME) as of Wednesday has resulted in a 30% year-to-date gain for the Russell 2000 value index, the Wall Street Journal <
Cathie Wood-led Ark Investment Management on Wednesday significantly raised its stake in Intuitive Surgical Inc (NASDAQ: ISRG) as it bought 7,259 shares of the robotic medical equipment maker, estimated to be worth about $5.96 million.
Shares of AMC Entertainment were continuing to surge on Wednesday, and the rally could boost the valuation of three ETFs that count AMC among their largest holdings.
It's being reported that Russian hackers are behind the cyber attack against JBS, the world's largest meatpacker. The company has said it's making significant progress in resolving the issues, but some analysts believe the disruption of operations could lead to higher meat prices.
On March 23rd Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said Sunday night on CBS’s “60 Minutes” that “there is an infinite amount of cash in the Federal Reserve. We will do whatever we need to do to make sure there’s enough cash in the banking system.” Approximately 12 hours later, the Fed aggressively started a policy o