Category: Banking

Dow Jones futures rose modestly Friday morning, along with S&P 500 futures and Nasdaq futures. Roku (ROKU), Trade Desk (TTD) and Applied Materials (AMAT) headlined key earnings reports late Thursday. X The stock market rally again suffered sharp losses for growth stocks but came off lows. With the market looking shaky, investors should stress test… Continue reading Dow Jones Futures: Stress Test Your Portfolio; Apple, Nio Flash Sell Signals; Roku Leads Earnings Movers

Price targets are as common on Wall Street as discussion of economic data points are at Federal Reserve meetings, but they shouldn’t be a focal point during the stock research process. X Neither should price-to-earnings (P-E) ratios, as some of the biggest market winners sold at lofty P-E ratios before they even began their big… Continue reading Use P-E Expansion Formula To Set Stock Price Target

Plaid, the fast-growing tech company that gathers customer account data from banks and delivers it to fintechs, seems even after its planned sale to Visa fell through. On Wednesday, Plaid announced a $425 million Series D round of funding. This takes the San Francisco company’s total funding to about $735 million and its valuation to… Continue reading Fast-growing Plaid raises another $425 million

Zebra Technologies (ZBRA), a maker of enterprise systems for tracking inventory and other important assets, on Tuesday beat Wall Street’s targets for the first quarter. But ZBRA stock fell in early trading. X The Lincolnshire, Ill.-based company earned an adjusted $4.79 a share on sales of $1.35 billion in the March quarter. Analysts expected Zebra… Continue reading Zebra Technologies Tramples First-Quarter Earnings Estimates

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had another strong week, with the Dow Jones, S&P 500 index and Nasdaq 100 all hitting record highs. X The stock market rally is now in what IBD’s Market School deems a Power Trend, meeting all… Continue reading Market Rally Enters Power Trend; 5 Stocks With New Buy Points

“The 2020 boom for mortgage originators may not be repeated anytime soon. But the business could still be good for a while longer,” the Journal says. “Fourth-quarter loan volumes reported by originators so far have been huge, and there are signs that the start of 2021 may not have the typical seasonal softness. There may… Continue reading Mortgage boom expected to roll on; European banks bite the bullet

Eastern Bankshares has returned to bank acquisitions with a deal that will likely shake up the landscape in Boston. The $16 billion-asset company announced late Wednesday that it plans to buy Century Bancorp in Medford, Mass., for $643 million in cash. The proposed deal, which would be Eastern’s first bank acquisition since it bought Centrix… Continue reading Why Eastern Bank is paying top dollar for longtime rival

Canopy Growth (CGC) on Thursday said it would buy rival Supreme Cannabis to fatten the Canadian pot producer’s recreational market share and expand its premium weed offerings as competition increases. Most Canadian marijuana stocks reversed higher. X The 435 million-Canadian-dollar cash-and-stock deal, Canopy said, would give the company Supreme’s popular 7Acres premium pot brand and… Continue reading Top Marijuana Stock Could Fill Key Void With Latest Buyout As Competition Increases

Dow Jones futures were little changed late Tuesday, along with S&P 500 futures and Nasdaq futures. The stock market rally retreated Tuesday, hitting resistance at a natural area after Monday’s big bounce. But the major indexes found support at natural levels. X Veeva Systems (VEEV), FuboTV (FUBO), Maravai LifeSciences (MRVI) headlined notable earnings reports. Growth… Continue reading Dow Jones Futures: Stock Market Rally Falls To Key Support As Nio, Zoom, Target Dive; Vaccine Play Soars Late

The Labor Department under the Trump administration last October closed an inquiry into Wells Fargo “after it responded to questions about [its] plans to hire more Black employees,” the Office of Federal Contract Compliance Programs, a division of the agency, said. “Wells Fargo responded to the inquiries with in-depth descriptions, materials, and data. OFCCP was… Continue reading Wells cleared in racial hiring inquiry; Goldman’s changing corporate culture