At around 12.00 EST, SEEKING ALPHA reports today: – Stocks are rallying again, led by tech today, as money moves back into risk. – The Nasdaq (COMP.IND) +2.8% leads the major averages. – Intel is popping on its plan to publicly list Mobileye. – Apple is gaining as it gets another $200 price target. It’s the megacap that has held...
SEEKING ALPHA reports: – One of the hottest growth areas on Wall Street, special-purpose acquisition companies, is becoming a target for short sellers, WSJ reports. In fact, the dollar value of bearish bets against shares of SPACs has more than tripled to about $2.7B from $724M at the start of the year, according to...
SEEKING ALPHA reports: – WTI crude oil (CL1:COM) has jumped nearly 5% to $63.90 per barrel as headlines out of the OPEC+ meeting hit. – Brent crude (CO1:COM) +5% to $67.29/bbl and WTI +4.9% to $64.28/bbl after OPEC and its partners decided to roll over its current production cuts for another month. The full post is here (sub/reg may be required). Now you may...
SEEKING ALPHA‘s Robert Honeywill, whose work is always well worth a read, writes: – Expeditors has solid earnings and strong balance sheet, with no debt. – The share price appears to have gotten ahead of itself, leading to excellent double-digit returns for most investors over the last six years. – EPS growth rate, over...
SEEKING ALPHA reports: The energy sector (XLE -3.4%) returns to the bottom of the S&P sector standings as crude oil prices come under pressure, with November WTI (CL1:COM) -5.1% to $38.53/bbl and plunging below its 200-day moving average $39.62/bbl. There’s no obvious catalyst behind today’s sharp move, but persistent demand concerns stemming from the pandemic are outweighing hopes for...
