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Stocks making the biggest moves premarket: CVS, Under Armour, Moderna and more
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator and pharmacy benefits manager saw its shares rise 3.8% in the premarket after beating top- and bottom-line estimates and raising its full-year earnings forecast. Results were helped by strong sales of over-the-counter Covid-19 tests as well as an…
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As Ruble Cascaded Out Of Russia Via Crypto, Binance Capitalized
In 2018, Nikolai Mendiaev bought his first bitcoin using a peer-to-peer platform called LocalBitcoins. Mendiaev lived in Elista, a town of about 100,000 people in southern Russia, and he was wary of going through the know-your-customer process at a centralized exchange. As a software developer and (relatively) early cryptocurrency adopter, Mendiaev occasionally had friends and…
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Mortgage applications inch up for the first time in five weeks
People wait to visit a house for sale in Floral Park, Nassau County, New York, the United States, on Sept. 6, 2020. Wany Ying | Xinhua News Agency | Getty Images Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage…
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Bitcoin miners now hold a record 1.856M BTC — new data
Bitcoin (BTC) miners now own more BTC than at any time in history as the impact of the past months’ turbulence wears off. According to data from on-chain analytics firm CryptoQuant, miners’ BTC holdings increased dramatically in July. Miners keep stacking sats In the latest sign of miners recovering from recent price weakness, the amount…
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Let Me Check My Calendar – Calendar Spread
Even if you aren’t that familiar with options, I’ll bet you’ve heard someone use the term ‘calendar spread’.
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Fed ‘nowhere near’ finished with inflation fight, Daly says
Federal Reserve officials said they want strong evidence that the hottest inflation in four decades is on a sustainable downward path before declaring victory in their fight against it. With consumer prices rising 9.1% in June from a year earlier, the Fed has “a long way to go” on reaching price stability around a 2%…
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Cuyahoga County, Ohio, launches first-of-its-kind energy plan
Cuyahoga County, Ohio, has launched a high-profile utility and microgrid project in a bid to transform a legacy of heavy manufacturing into a high-tech, climate-friendly economy that attracts advanced manufacturers. The plan, which features a public utility and a series of microgrid districts, will likely be structured as a public-private partnership. The county “was thrilled”…
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Pelosi arrives in Taiwan as China ratchets up military activity
Nancy Pelosi landed in Taiwan on Tuesday night in the highest-level visit by a US official for decades, defying Chinese threats of a military response. The trip by the Speaker of the US House of Representatives has become a test of how far Beijing will go to deter foreign support for Taiwan and of China…
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Bitcoin traders pinpoint key levels to watch as BTC price tests key trendlines
Bitcoin (BTC) is pressuring newly-won support levels this week as geopolitical uncertainty raises the stakes for risk assets. After an impressive monthly close, momentum appears to be waning for Bitcoin’s latest gains, data from Cointelegraph Markets Pro and TradingView shows, and stock markets are not helping the bulls. Volatility was cool as August began, but angst…
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Stocks making the biggest moves in the premarket: Caterpillar, Uber, Pinterest and more
Take a look at some of the biggest movers in the premarket: Caterpillar (CAT) – The heavy equipment maker’s stock fell 3.7% in the premarket after its quarterly earnings beat forecasts but revenue was slightly short of consensus. Caterpillar’s sales were hurt by its exit from Russia as well as supply chain issues, and it…
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Back To School Tips And Trends For Fall 2022
Millions of students are heading back to class this month and next. Stores are crowded with school supplies for the K-12 crowd and dorm room gear for college students. You don’t see a ton of items in the big box aisles for making your home more back-to-school ready, but a good setup plays a role…
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China’s economy could be dragged down by loss of confidence in property sector
The loss of confidence in China’s property sector could feed into a contagion that would further drag down the Chinese economy, analysts warned. The comments come after beleaguered developer China Evergrande Group failed to deliver a promised $300 billion restructuring plan over the weekend. In filings with the Hong Kong stock exchange, Evergrande instead said…
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Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed
The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators has said. The leader also slammed the recent adjustment of the central bank’s interest rate to 13%, which…
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3 Ways to Create an Unbalanced Iron Condor with Options
Iron Condors, typically, are balanced. A reason where you might want to have an unbalanced Iron Condor is to be more versatile with how the market might move — bearish or bullish. In this video, you will learn three different ways on how to create an unbalanced Iron Condors. Understand how Iron Condors really work…
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Flowers Foods (FLO): Buy this Cheap, High-Yield Consumer Staple Stock
zacks.com zacks.com/ultimate
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Munis mostly firmer, USTs rally out long
Municipals were mostly firmer to kick off August, while U.S. Treasuries rallied out long and equities were in the red near the close. Muni-UST ratios on Monday were at 67% in five years, 84% in 10 years and 98% in 30 years, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the five…
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Kashkari says Fed committed to slowing inflation to 2% goal
Federal Reserve Bank of Minneapolis President Neel Kashkari said the central bank is committed to doing what’s necessary to bring down demand in order to reach policy makers’ 2% long-term inflation goal, a target that remains far off. “We are committed to bringing inflation down and we’re going to do what we need to do,”…
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Ukraine’s first grain ship sails after Russia relaxes Black Sea blockade
A grain shipment has left the port of Odesa for the first time in months, in a crucial test of a deal between Russia and Ukraine intended to alleviate soaring global food prices. The Sierra Leone-flagged Razoni, carrying 26,000 tonnes of Ukrainian corn, left the Black Sea Port at 9:48am local time, the ministry of…
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Price analysis 8/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, AVAX
After strong monthly gains in July, Bitcoin (BTC) and the altcoins have started the new month on a tentative note. Even the United States equities markets have started August on a soft note. Is the bottom in? BofA Securities head of U.S. equity and quantitative strategy Savita Subramanian said in a recent note that the…
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Two Methods that Analysts Use to Evaluate Stocks
What methods to analysts use to come up with the evaluations of buy, hold, or sell recommendations of stocks, or underperformed, inline, or overperformed that analysts give on stocks or companies. They are really projecting earnings reports and changing their report figures for the EPS earnings numbers but I want to discuss how they come…
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