Analyst news

• : Feds make it easier for home buyers to buy houses with accessory dwelling units

  16-10-2023 23:46
  PHILADELPHIA — A new federal housing policy will make it easier for some home buyers to qualify for a mortgage by allowing them to include rental income from accessory dwelling units as part of their application. The Federal Housing Administration announced Monday that under a new policy, it will allow lenders to count income from accessory dwelling units when underwriting a mortgage. The rental income from the ADU will be included in the borrower’s qualifying income. The change
  
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• TaxWatch: ‘A Iot of taxpayers have procrastinated’: As the 2022 income-tax season ends, make these 3 smart tax moves for the current year

  16-10-2023 23:35
  Time’s up. Hit “send” on that 2022 tax return or have your accountant do it. Today — Monday, Oct. 16 — is the deadline to file federal income taxes for taxpayers who received an extension from the Internal Revenue Service.This year, the millions of taxpayers who had extra time to turn in their 2022 returns include most California residents and businesses after winter storms deluged the Golden State. In fact, the IRS announced Monday it was giving California taxpayer
  
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• The Ratings Game: Intel’s stock is now a popular hedge-fund play, but further momentum may not be a slam dunk

  16-10-2023 23:07
  Once in Wall Street’s doghouse, Intel Corp.’s stock is now a hedge-fund favorite, but a Citi analyst thinks a number of factors need to go right in order for the shares to really work.Intel’s stock INTC, +1.64%was one of the most popular names discussed at recent investor meetings held by Citi Research analyst Christopher Danely, which might have been a surprising feat a few years ago: Intel shares had shed 61% from their April 2021 peak to the end of 2022, far outpacing losses
  
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• : With Medicare open enrollment, ‘senior hunting season’ is about to begin

  16-10-2023 22:52
  I got a call a while back from the fraud department at my bank. There had been some unusual activity on my account and they wanted to check some things. The caller knew a lot about my banking and personal details — just the sorts of things my bank would know.The caller spoke perfect English. The caller was personable, intelligent, engaged, and sounded like just the sort of professional you’d want on a customer service team. (On second thoughts, knowing my bank, this alone should have
  
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• Market Extra: How the Israel-Hamas war is rippling through markets and hurting Israel-focused ETF

  16-10-2023 22:39
  Geopolitical tensions in the Middle East are weighing on investor sentiment in the exchange-traded fund market as traders watch for ripple effects from the Israel-Hamas war. Shares of the iShares MSCI Israel ETF EIS,which holds Israeli stocks, finished Monday 0.7% lower while equities in the U.S. broadly rose, according to FactSet data. The fund has tanked since the Israel-Hamas war began earlier this month, down 10.2% so far in October, while seeing outflows over the past week. Last week t
  
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• Mark Hulbert: Stock-market frenzy: How to avoid getting sucked in

  16-10-2023 17:53
  How should you react when investor frenzy for a stock or group of stocks develops, as it did for Nvidia NVDA earlier this year or GameStop GME in early 2021? Should you jump on board or run the other way? I’ve argued in recent columns that you should do the latter. The Roundhill MEME ETF MEME, which invests in meme stocks according to their…
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• In One Chart: Mass layoffs are on the rise in the U.S., at least according to this often-overlooked data series

  16-10-2023 17:49
  Investors have been on the lookout for a weakening labor market since the Federal Reserve embarked back in March 2022 on its most aggressive campaign of interest rate hikes since the 1980s. Now, one prominent economist is seeing signs that mass layoffs have finally begun, which could soon be reflected in key economic data series that are closely monitored by the market. Data collected in accordance with the Worker Adjustment and Retraining Notification Act — better known as the WARN A
  
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• : Netflix earnings preview: Revenue growth expectations get ‘dialed back’ by some analysts

  16-10-2023 17:48
  Netflix Inc. is navigating a transition from focusing on subscriber growth to maximizing earnings through price hikes, an ad-supported service and a crackdown on shared accounts as it nears its fiscal third-quarter earnings report on Oct. 18.The company NFLX, +0.83%plans to increase its streaming fees yet again, starting with the U.S. and Canada, in a few months, after the Hollywood actors strike ends, according to a Wall Street Journal report. Last year, Netflix raised prices for all of its pla
  
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• The Margin: Citibank analyst fired after lying about extra coffee and Bolognese

  16-10-2023 17:29
  As most children grow up learning, it’s not necessarily the size of the transgression that does you in. It’s being found out, digging in, and lying about it. And that’s even more the case if you’re an adult describing yourself as a financial-crime professional.Szabolcs Fekete, a senior analyst in London, has lost a lawsuit alleging wrongful dismissal after he was fired by Citi C, -1.51%for submitting an expenses claim that, though below the bank’s €100, or $105
  
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• Market Snapshot: Dow Jones jumps nearly 400 points as investors await earnings, shake off Israel-Hamas war worries

  16-10-2023 17:28
  U.S. stocks rose sharply Monday, as investors looked ahead to earnings season and unwound flight-to-safety trades inspired late last week by fears the Israel-Hamas war could escalate into a wider conflict capable of threatening oil supplies.What’s happening The Dow Jones Industrial Average DJIArose 387 points, or 1.1%, to 34,057. The S&P 500 SPXwas up 51 points, or 1.2%, at 4,378. The Nasdaq Composite COMPadvanced 160 points, or 1.2%, to trade at 13,568.While stocks suffered on Friday,
  
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• IPO Report: Birkenstock’s IPO was one of the worst debuts for a billion-dollar deal in a decade

  16-10-2023 17:20
  The initial public offering of German footwear company Birkenstock Holdings Ltd. marked one of the worst debuts for a billion-dollar deal of the last decade, according to Renaissance Capital. Birkenstock BIRK ended its first day of trading down 12.9% and was down 21% by the end of the week, according to Bill Smith, founder and CEO of Renaissance, a provider of IPO exchange-traded funds and institutional research.Of…
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• The Moneyist: ‘I do not trust many people due to unfortunate life experiences’: I’m leaving all my estate to charity. Should I make a will or a trust?

  16-10-2023 17:15
  Dear Quentin, I live in Southern California and am a female solo ager. I do not trust many people due to unfortunate life experiences. For this reason, I am suspicious of revocable living trusts, which are private and confidential with no oversight.  My plan is to have a handwritten, notarized will, bequeathing my personal property and the remainder of my estate to charitable organizations. Also, in my will, I’m asking the courts to select an executor. In addition, I have named b
  
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• The Ratings Game: An Uber in the making? Here’s how Instacart’s stock could see better days ahead.

  16-10-2023 14:46
  After just a few weeks of public life, shares of Instacart are already trading below their listing price, but numerous analysts see better days ahead for the grocery-delivery company, which does business as Maplebear Inc.As a traditional waiting period lifted, allowing bank underwriters to launch coverage of Instacart shares CART, +3.44%,most took bullish views in notes out Monday or over the weekend. At least six established coverage with buy-equivalent ratings, according to FactSet, while anot
  
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• : Yellen says the U.S. can afford to support two wars simultaneously

  16-10-2023 14:43
  Treasury Secretary Janet Yellen said the U.S. can afford supporting two countries — Israel and Ukraine — simultaneously. “America can certainly afford to stand with Israel and to support Israel’s military needs and we also can and must support Ukraine in its struggle against Russia,” Yellen said in an interview with Sky News, a U.K. television station. The White House is seeking Congressional funding to aid both countries, which has been difficult given the House of
  
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• Market Snapshot: Dow Jones futures push higher, shaking off Mideast tensions and rising Treasury yields

  16-10-2023 14:41
  U.S. stock futures gained ground early Monday, as investors looked ahead to earnings season against a backdrop of anxiety over the Israel-Hamas war and rising Treasury yields.What’s happening S&P 500 futures ES00, +0.55%rose 17.50 points, or 0.4%, to 4,374.75. Dow Jones Industrial Average futures YM00, +0.61%gained 179 points, or 0.5%, to 34,006. Nasdaq-100 futures NQ00, +0.34%advanced 33.25 points, or 0.2%, to 15,153.50.Fears of an escalation of the Middle East conflict weighed on the
  
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• Need to Know: It’s earnings season. Why Netflix and Nvidia have been crossed off this firm’s list for quality stocks.

  16-10-2023 14:39
  Earnings season steps up a notch this week with results from companies including Bank of America, Goldman Sachs, Netflix and Tesla, before third-quarter results are dumped en masse next week. Jensen Investment Management is an employee-owned investment management firm that only runs three strategies: quality growth, quality value and global quality growth. Given a “high” parent rating at Morningstar, the firm just offered its advice on three mistakes to avoid as a long-term investor.
  
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• Economic Report: New York Fed’s Empire State factory gauge slumps in October

  16-10-2023 14:34
  The numbers: The New York Fed’s Empire State business-conditions index, a gauge of manufacturing activity in the state, edged down 6.5 points in October to negative 4.6, the regional Fed bank said Monday.  Economists had expected a negative 6 reading, according to a survey by the Wall Street Journal. Any reading below zero indicates deteriorating conditions.Key details: The index for new orders fell 9.3 points to negative 4.2 in October. The shipments index fell points to 1.4 in the m
  
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• Limit Order — What Is It & How Does It Work?

  16-10-2023 13:06 via litefinance.org
  
  When traders take their first steps in trading, they are immediately introduced to technical analysis and the concepts of limit order and limit price.The ability to work with limit orders increases trading efficiency and also allows traders not to waste time waiting for the best price by automating the process. Limit orders help to avoid difficulties associated with market volatility and instrument liquidity.Key factsa limit order is a request to a broker, suggesting the opening of a trade in th
  
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• Will geopolitics support the yen? Forecast as of 16.10.2023

  16-10-2023 12:30 via litefinance.org
  
  Unlike gold, the yen buyers do not take advantage of rising geopolitical tensions in the Middle East. Do USDJPY bears just need time?  Let us discuss the Forex outlook and make up a trading plan.Weekly Japanese yen fundamental forecastCautiness caused the USDJPY to enter consolidation. Investors are willing to add up to the longs amid the divergence in the monetary policies of the Fed and the Bank of Japan. At the same time, they hesitate due to the sharply increased risks of currency inter
  
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• cTrader is now available at LiteFinance

  16-10-2023 12:28 via litefinance.org
  
  Dear clients,We are happy to inform you about the latest extension of our trading software family – cTrader! We have integrated a desktop, web, and mobile versions of this popular platform.Our most popular trading account — ECN — is currently compatible with cTrader.What is that?cTrader is an advanced trading platform with a user-friendly interface, cutting-edge tools, and excellent chart analysis options. cTrader supports STP (straight-through processing), ensuring full transp
  
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• NerdWallet: Assisted living may not be what you think: 5 crucial facts to know

  16-10-2023 11:04
  This article is reprinted by permission from NerdWallet.  If you or a loved one can no longer live safely at home, assisted living may be the answer. Residents typically live in their own rooms or apartments and get housekeeping services, meals and help with personal care.But facilities can vary enormously, and people’s expectations about assisted living often clash with reality, elder care experts say. Here are some important things to know.1. Medicare doesn’t cover t
  
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• Autotrader: 10 must-have safety features for teen drivers

  16-10-2023 11:03
  Car safety features: Quick tips for teens The Insurance Institute for Highway Safety reports that the fatal crash rate per mile driven for teens ages 16 to 19 is roughly three times the rate for drivers 20 and older. Beyond basic safety features like airbags, antilock brakes, traction control, stability control, and rearview camera, look for forward collision warning and other critical features for safety. While the government mandates two airbags, many cars offer at lea
  
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• Market Snapshot: S&P 500 futures up cautiously amid Mid-East tensions, rising Treasury yields

  16-10-2023 11:02
  U.S. stock futures made cautious gains early Monday, amid anxiety over Middle East tensions and as Treasury yields moved higher.How are stock-index futures trading S&P 500 futures ES00, +0.21%rose 9 points, or 0.2% to 4365 Dow Jones Industrial Average futures YM00, +0.32%rose 103 points, or 0.3% to 33929 Nasdaq 100 futures NQ00, +0.06%gained 15 points, or 0.1% to 15136On Friday, the Dow Jones Industrial Average DJIArose 39 points, or 0.12%, to 33670, the S&P 500 SPXdeclined 22 points, or
  
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• NerdWallet: How Halloween became a huge money-maker for Disney

  16-10-2023 11:01
  This article is reprinted by permission from NerdWallet.  For devoted Disney DIS,fans, there’s often no better treat than spending Halloween at its theme parks — and more specifically, at its after-hours parties, where visitors can trick-or-treat through Walt Disney’s Enchanted Tiki Room and watch a Halloween-exclusive parade, among other experiences.But tickets are neither cheap nor easy to acquire. The parties are held on multiple nights throughout the season, and the ve
  
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• Kelley Blue Book: Used car supply is still stuck at low levels

  16-10-2023 11:01
  America’s car dealers started the month of October with about 2.26 million unsold cars on lots — 8% fewer than a year ago. At current sales rates, 2.26 million is about a 47-day supply of used cars. That’s well below the 60-day supply car dealers traditionally aim to keep in stock. Nationwide inventory stuck at low level “The number of used vehicles available for purchase has remained higher than the low point seen in early April,” said Chris Frey, senior manager of
  
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• Next Avenue: Feeling gloomy about your retirement savings? Here are four steps to improve your outlook.

  16-10-2023 11:00
  This article is reprinted by permission from NextAvenue.org. Clint Eastwood once said: “I don’t believe in pessimism. If something doesn’t come up the way you want, forge ahead. If you think it’s going to rain, it will.” But when it comes to retirement finances, many of us do believe in pessimism, taking what my “Friends Talk Money” podcast co-host Pam Krueger calls, “a glass half-empty approach.”In a recent Bankrate onlin
  
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• NerdWallet: Crowds, costs and cancellation concerns? Try these tips and tricks for booking holiday travel.

  16-10-2023 11:00
  This article is reprinted by permission from NerdWallet.  With holiday travel, I’ve always been a Grinch. Paying too much for airfare rubs every cell in my body the wrong way. Shelling out $1,000 for a domestic round-trip ticket for a route that usually costs half that just feels wrong, you know? So, while I’m happy to travel the world the other 49 weeks of the year, I typically try to stay home at the end of November and December.For years I’ve waged a campaign within my
  
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• : Pfizer stock falls as slashes $9 billion slashed from outlook, foreshadows layoffs

  16-10-2023 10:52
  Shares of Pfizer Inc. and other biotech drug makers fell ahead of Monday’s open after Pfizer slashed $9 billion in expected sales from its full-year outlook, as it seeks to shift to commercial approval of its Paxlovid COVID treatment, and foreshadowed layoffs. In an announcement made after the close of Friday’s regular session, Pfizer PFE, -2.46%forecast full-year earnings of $1.45 to $1.65 a share on revenue of $58 billion to $61 billion. The company said the new outlook calls for a
  
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• Is USD a commodity currency now? Forecast as of 16.10.2023

  16-10-2023 09:41 via litefinance.org
  
  In recent years, as the United States has transformed from a net importer of energy goods to a net exporter, the USD index and oil correlation has increased sharply. Let's discuss this topic and make up a trading plan for EURUSD.Weekly US dollar fundamental forecastThe armed conflict in the Middle East has sharply increased the demand for gold and US Treasury bonds. Treasury yields initially fell and then stabilized at lower levels than at the beginning of the second week of October. Howeve
  
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• The Moneyist: ‘I do not trust many people due to unfortunate life experiences’: I’m leaving all my estate to charity. Should I make a will or trust?

  16-10-2023 09:08
  Dear Quentin, I currently live in Southern California and am a female solo ager. I do not trust many people due to unfortunate life experiences. For this reason, I am suspicious of revocable living trusts, which are private and confidential with no oversight.  My plan is to have a handwritten, notarized will, bequeathing my personal property and the remainder of my estate to charitable organizations. Also, in my will, I’m asking the courts to select an executor. In addition, I ha
  
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• Short-term analysis for oil, gold, and EURUSD for 16.10.2023

  16-10-2023 08:37 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.The gold short-term trend turned up last week.Oil price forecast for today: USCrude analysisThe short-term oil trend is due to turn up via the breakout of the key resistance 86.05 - 85.56. If the price closes above the key resistance at the US session today,
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 16.10.2023

  16-10-2023 08:15 via litefinance.org
  
  I welcome my readers!I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.Elliott wave Bitcoin analysisThe BTCUSD market is forming a large linking wave XX as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. The linking sub-wave [X] has been recently completed. The initial part of wave [Z] is currently unfolding as a standard zigzag, as shown in the chart. Shortly, expect the price to rise
  
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• : Debt-ridden Rite Aid files for bankruptcy, will close more stores

  16-10-2023 05:00
  Drugstore chain Rite Aid Corp. filed for bankruptcy Sunday, as it faces billions of dollars of debt related to opioid lawsuits. In a statement Sunday night, Rite Aid RAD, -16.81%said it will close some “underperforming” stores and announced Jeffrey Stein as its new chief executive and chief restructuring officer. Interim CEO Elizabeth Burr will remain on the company’s board.The bankruptcy filing had been expected for months, and the Wall Street Journal reported in August that R
  
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• Dow Jones Newswires: Tencent-backed logistics firm J&T Global Express plans to raise over $500 million in Hong Kong IPO

  16-10-2023 02:47
  By P.R. Venkat Tencent-backed J&T Global Express is the latest logistics-related company seeking to tap investors’ appetite in Hong Kong with a 3.92 billion Hong Kong dollar ($500.80 million) share offering. The logistics service company plans to sell 326.55 million shares at HK$12 each in an initial public offering, J&T Global said Monday….
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• Dow Jones Newswires: Albemarle scraps Liontown takeover bid due to deal’s ‘growing complexities’

  16-10-2023 02:37
  SYDNEY — Albemarle scrapped its proposed $4.16 billion takeover of Liontown Resources, citing the difficulty of completing the deal following the intervention of Australia’s richest woman. Liontown on Monday said that Albemarle ALB, -4.34%withdrew its cash offer of 3.0 Australian dollars (US$1.89) per share. Australian billionaire Gina Rinehart’s Hancock Prospecting last week announced it had taken a 19.9% equity stake in Liontown LTR, -2.79%.“Albemarle has advised Lionto
  
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• : Biden says U.S. is ‘working like hell’ to find American hostages in Gaza

  16-10-2023 02:03
  President Joe Biden said the U.S. is doing “everything in its power” to find Americans being held hostage by Hamas in the Gaza Strip. In an interview with CBS News’ “60 Minutes” that aired Sunday night, Biden called Hamas’s attack last weekend, which killed more than 1,400 Israelis and at least 30 Americans, “pure barbarism.”“I say we’re going to do everything in our power to find them,” Biden told CBS News’ Scott Pelley, ab
  
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• : Activist investor Starboard reportedly seeks changes at News Corp

  16-10-2023 01:41
  Activist investor Starboard Value has built a stake in Rupert Murdoch’s News Corp, and intends to push for changes at the parent company of MarketWatch and the Wall Street Journal, according to a report Sunday night. The Wall Street Journal reported that Starboard believes the media giant is undervalued and will seek strategic and governance changes, including spinning off News Corp’s online real-estate unit, which includes Realtor.com parent Move Inc., and doing away with the compan
  
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• : Mortgage bankers expect the 30-year rate to drop to 6.1% by the end of 2024

  16-10-2023 00:26
  PHILADELPHIA — High mortgage rates are hammering home buyers, but expect rates to fall over the next year, one industry group says. Mortgage rates are over 7.5% as of mid-October, but expect rates to fall to 6.1% by the end of 2024, according to a forecast by the Mortgage Bankers Association. The group also expects the 30-year mortgage rate to fall to 5.5% by the end of 2025. A big driver pushing down rates will be a slowing U.S. economy, Mike Fratantoni, chief economist and senior vi
  
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• Market Extra: Oil prices in spotlight as Iran warns of escalation of Israel-Hamas war

  16-10-2023 00:15
  Oil futures were being watched as a bellwether late Sunday as Western diplomats and leaders warned Iran not to wade into the Israel-Hamas war, as Israeli forces appeared on the verge of a ground invasion of Gaza. “The energy markets are the first derivative to drive broad market sentiment this week, with crude and Nat Gas leading investors to trade volatility (options), as well as classic hedges such as gold and Treasuries,” said Chris Weston, head of research at Melbourne-based brok
  
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• Dow Jones Newswires: Qantas’s management exodus continues as loyalty chief quits

  16-10-2023 00:05
  SYDNEY — The head of Qantas Airways’s loyalty division has quit the Australian carrier, adding to the leadership churn that has already included the departures of its chief executive and chairman. Qantas QAN, -1.79%on Monday said that Olivia Wirth had resigned and will leave the airline in February. Wirth has been at Qantas for 14 years, leading its frequent flyer program since 2018.“She drove huge expansion of what the program offers and that shows in the growth in members and
  
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