KYIV—Ukraine’s state stock market regulator on Thursday said it had decided to stop the circulation of all securities in the country, except for operations necessary for the central bank’s monetary policy and the finance ministry’s public debt servicing. The central bank has banned foreign currency purchases on the interbank market and fixed the official hryvnia…
Stock Wars: Denny’s Versus Shake Shack
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two popular restaurant chains: Denny’s Corp. and Shake Shack Inc. The Case for Denny’s This company traces its roots back to a coffee shop called…
You Ask, We Analyze: Why Lucid Group’s Stock May Be Set for a Drive North
On Monday evening, Benzinga asked its followers on Twitter what they’re buying at the open on Tuesday. From the replies, Benzinga selected one ticker for technical analysis. @JeffreyAWillia4 and @CappyTrades are buying Lucid Group, Inc. The electric vehicle manufacturer is expected to print its fourth-quarter financial results on Feb. 28 and traders and investors will…
S&P 500 Confirms Correction; Ukraine-Russia Crisis Keeps Investors on Edge
NEW YORK—Wall Street’s main indexes fell on Tuesday, with the S&P 500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area. The S&P 500 ended down more than 10 percent from its Jan. 3 closing…
Analysts Slash Price Targets on Shopify
Analysts slashed their price targets on Shopify Inc. post Q4 results over international expansion and recalibrated investments. Jefferies analyst Samad Samana lowered the PT to $1,350 from $1,800 (80.8 percent upside) and reiterated a Buy. Shopify’s guidance commentary implies a return to pre-COVID GMV seasonality and that its operating and capital expenses will “ramp dramatically over the next several…
Will the Stock Market Crash?
Commentary The answer to this crucial question is Yes … and No. Yes, because this is the most over-valued stock market in history, underpinned by the second-highest level of leverage in history, and both these factors have ultimately led to a crash in the past. No, because the factor that has driven the market since…
Fed’s Messaging on Pivot Gets High Marks From Wall Street
Federal Reserve Chair Jerome Powell won high marks from Wall Street as he dialed up expectations late last year for a more hawkish policy stance to quell rising inflation, a survey by the New York Federal Reserve published Thursday showed. The report card is included in the New York Fed’s quarterly survey of primary dealers…
Stock Wars: Boeing vs. Lockheed Martin
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector with the goal of determining which company is the better investment. This week, the duel is between two of the world’s major aviation corporations: Boeing Company and Lockheed Martin Corporation. The Case For Boeing This company traces its heritage to lumber company executive…
Why Is Facebook Parent Meta’s Stock Trading Lower Today?
Alphabet Inc.’s Google looks to adopt new privacy restrictions to curtail tracking across apps on Android smartphones. Google’s plans for Android could drive an end to more than a decade of advertising practices across smartphones, the Wall Street Journal reports. The move would affect companies, including Meta Platforms Inc.’s Facebook, which has layered their code…
Why Copper Is One of the Best Macroeconomic Indicators
Copper prices are one useful, under-the-radar indicator for investors to use as a gauge of U.S. economic health. Despite downward pressure on stock prices so far in 2022, copper prices have held up relatively well, a trend that has been reflected in the strength of underlying U.S. economic numbers. In the past year, the SPDR…
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