Category: Banking

With housing in short supply, and interest rates hovering near historic lows and expected to stay that way for a while, builders like D.R. Horton (DHI) are enjoying a boom. On Wednesday, the IBD SmartSelect Composite Rating for D.R. Horton stock rose from 93 to a near-best 96. The new score means D.R. Horton stock… Continue reading D.R. Horton Stock's Composite Rating Hits Near-Perfect 96 Amid Continuing Quarterly Double-Digit Profit, Sales Gains

The Dow Jones Industrial Average fell over 300 points in today’s stock market, while the S&P 500 also showed solid losses. Both major indexes extended losses in the final hour of trading and closed near intraday lows. The Nasdaq reversed lower in the final hour of trading and closed down over 100 points. X The… Continue reading Dow Falls Over 300 Points After Sell-Off In Final Hour Of Trading

WASHINGTON — When the Federal Deposit Insurance Corp. broke a decade-long freeze in March 2020 in approving new industrial loan companies, fintech advocates celebrated what they hoped would be an enduring thaw. But a year and a half later, the political environment is not in ILCs’ favor. Democratic appointees hold a 3-1 majority on the… Continue reading Democratic majority on FDIC board spells trouble for ILC hopefuls

Mutual funds, insurance companies, retirement funds and other big investors are backing the truck up and loading up on Hanover stock. On Wednesday, the Relative Strength (RS) Rating for Hanover Insurance (THG) climbed to 74, up from 66 the prior trading session. X The 74 RS Rating means that Hanover stock is outperforming 74% of… Continue reading Hanover Stock Flashes Improved Strength Amid Strong Investor Interest; Insurance Firm Nears Buy Zone As Profits Rebound

Among leading growth stocks, our IBD 50 Stock To Watch pick for today is DocuSign (DOCU). The firm, which pioneered the development of the eSignature, is finding support at its 10-week moving average. DocuSign is also set to release second-quarter results after the market closes on Sept. 2. X The San Francisco-based company is currently 1%… Continue reading IBD 50 Stocks To Watch: eSignature Pioneer Gains Support Ahead Of Earnings; Should You Invest?

Etsy (ETSY) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 77. When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The… Continue reading Etsy Stock Sees Relative Strength Rating Improve To 77

Citigroup, which has been investing millions of dollars in minority depository institutions, is taking things one step further — it’s going to send them business prospects, too. The company on Tuesday began testing an online lending platform called Bridge that it described as a “meeting place” where small and midsize businesses seeking loans can connect… Continue reading Why Citi is connecting some borrowers with small banks — for free

The Federal Aviation Administration said late Wednesday that its regulators, not Boeing (BA) employees, would inspect specific 787 Dreamliners before they enter service. Boeing stock fell. X Boeing had been responsible for the basic final safety checks needed to issue an airworthiness certificate before delivery. But FAA said it would now be responsible for the… Continue reading Boeing Loses Key Authority On Additional Aircraft To FAA

Read inspirational quotes about finding happiness in life, turning tough times into a positive and using simplicity to innovate on a grand scale. X Drew Brees On Challenges Anyone can see the adversity in a difficult situation, but it takes a stronger person to see the opportunity. Drew Brees, NFL quarterback Laura Ingalls Wilder On Contentment… Continue reading Inspirational Quotes: Drew Brees, Laura Ingalls Wilder, Dave Clark And Others

With competition for new members as fierce as ever, one credit union turned to perhaps the most basic incentive of all – cash. First Financial Federal Credit Union in Sparks, Md., ran a one-month promotion last fall in which each new member received a $50 deposit and the opportunity to earn up to $100 more… Continue reading Can cash incentives help credit unions recruit new members?