Tag: Commodity/Financial Market News
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Regional Bank Stocks Are in Turmoil. Here’s How to Profit From It.
Every financial panic shows how little most people understand about what is happening around them in the markets and the economy. The recent failure of two major regional banks has unleashed thousands of articles, sell-side analyst reports, and investment strategy notes that act as if the issues now before us were easily identifiable. But the ... -
Prudential Financial Inc. stock rises Friday, still underperforms market
Published: March 24, 2023 at 5:18 p.m. ET Shares of Prudential Financial Inc. PRU inched 0.45% higher to $77.58 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.56% to 3,970.99 and the Dow Jones Industrial Average DJIA rising 0.41% to 32,237.53. ... -
Toronto Stocks Edge Lower; Western Copper Rises on C$21.3M Mitsubishi Materials Investment
March 24, 2023 at 12:00 p.m. ET By Adriano Marchese Stocks in Toronto were trending lower mid-trading on Friday, at risk of posting a third-straight week of declines. Canada’s financial sector continues to feel pressure from global banking concerns, while declines in the producer manufacturing and commercial services sectors also weighed on indexes. Technology services ... -
The U.S. Might Be Losing Its Crown as the Go-To Spot for Global Investment
Welcome to America the Uninvestible. That seems like a strange thing to say about the go-to destination for investors around the world, offering the world’s biggest companies, the most liquid markets, and rule of law to protect shareholder returns. Government interference, too, is supposed to be limited. The fact that U.S. stocks have outperformed the ... -
Federal Realty Investment Trust stock rises Thursday, still underperforms market
Published: March 23, 2023 at 4:55 p.m. ET Shares of Federal Realty Investment Trust FRT inched 0.04% higher to $91.16 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.30% to 3,948.72 and the Dow Jones Industrial Average DJIA rising 0.23% to ... -
Prudential Financial Inc. stock falls Thursday, underperforms market
Published: March 23, 2023 at 5:19 p.m. ET Shares of Prudential Financial Inc. PRU slipped 1.84% to $77.23 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.30% to 3,948.72 and the Dow Jones Industrial Average DJIA rising 0.23% to 32,105.25. This ... -
Recruit Holdings Shares Rise Sharply After Indeed, Glassdoor Job Cuts
Published: March 22, 2023 at 10:18 p.m. ET By Kosaku Narioka Recruit Holdings Co. shares rose sharply in Tokyo Thursday morning after the owner of the Indeed and Glassdoor job sites raised its fiscal-year adjusted earnings forecasts and projected costs savings as a result of layoffs at the jobs sites. The shares were recently 4.6% ... -
Why It Pays to Invest With Managers Who Have Skin in the Game
When the American Century Small Cap Dividend fund launched in April 2022, co-managers Ryan Cope and Jeff John were its earliest shareholders. “Ryan was the first investor, because he was faster to run downstairs to our investor center,” John says. A number of studies indicate that funds with heavy insider manager ownership outperform their peers. ... -
PNC Financial Services Group Inc. stock outperforms market on strong trading day
Published: March 20, 2023 at 5:18 p.m. ET Shares of PNC Financial Services Group Inc. PNC rallied 2.93% to $127.35 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.89% to 3,951.57 and the Dow Jones Industrial Average DJIA rising 1.20% to ... -
Billionaire investor Leon Cooperman sees a stock picker’s market. Here’s what he’s buying.
That was billionaire hedge-fund manager Leon Cooperman commenting on the current banking crisis that has seen the shutdown of SVB Financial Groups’s SIVB Silicon Valley Bank and crypto-friendly lenders Signature Bank and Silvergate Bank, as well as a bankruptcy filing for SVB Financial. Additionally, over the weekend, UBS UBS UBSG announced a $3.25 billion buyout ...