Analyst news

• Market Snapshot: Dow Jones ends slightly lower as rally pauses on higher bond yields

  04-12-2023 22:46
  U.S. stocks took a breather Monday, finishing slightly lower amid some tempering of enthusiasm over the potential for Federal Reserve interest-rate cuts after the Dow Jones Industrial Average and S&P 500 ended last week at 2023 highs.How did stocks trade? The Dow DJIAfell 41.06 points, or 0.1%, to close at 36,204.44, snapping a four-day winning streak. The S&P 500 SPXdeclined 24.85 points, or 0.5%, to finish at 4,569.78. The Nasdaq Composite COMPended at 14,185.49, down 119.54 points, or
  
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• Market Extra: GM raises $3 billion with bond deal as investment-grade spreads rally to tightest level of 2023

  04-12-2023 22:37
  General Motors Co., GM, +2.19%,fresh off announcing a $10 billion stock buyback program and increased dividend, issued a two-part, $3 billion bond deal on Monday. The issuance is part of an expected $15 billion to $20 billion flurry of bond deals in the first full week of December, a period when major corporations typically make a last-ditch borrowing effort before the holidays.“We are tapering off issuance for the year,” said Matt Brill, head of North America investment-grade credit
  
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• : Why I have no use for college football

  04-12-2023 22:28
  If you’ve been paying close attention to the world of higher education, you might have heard about the latest big-deal story. No, it has nothing to do with student protests over the war between Israel and Gaza. Or the naming of another university president. It’s about the fact that Florida State University’s football team went undefeated this season and yet it still won’t qualify for a shot at the national championship.But if you’re like me, you might be asking: Wha
  
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• The Ratings Game: 3M’s stock rallies as a former bear softens his stance

  04-12-2023 22:25
  Shares of 3M Co. advanced in Monday’s session after a Barclays analyst abandoned his bearish call on the industrial company. “One of the major factors why we have held an [underweight] rating on [3M] relates to the mounting legal liabilities in recent years,” Barclays’ Julian Mitchell wrote as he lifted his rating on the stock to equal weight. “However, we think that the coming months will show some progress on this front, at last.”Mitchell noted that investor
  
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• : Jana Partners sets its sights on Frontier telecom

  04-12-2023 22:06
  Activist investor Jana Partners on Monday called Frontier Communications Parent Inc. to explore a possible sale and conduct an strategic review in order to reverse its “poor” stock performance.Frontier FYBR, +5.82%“has failed its shareholders as a public company,” Jana said in a statement. Shares of Frontier rallied more than 5% on Monday. “Frontier’s equity is grossly undervalued and that it will continue to underperform if the board maintains the status quo,
  
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• : Here’s who could be eligible for student-loan forgiveness under the Biden administration’s latest plan

  04-12-2023 22:01
  The Biden administration provided the most detail yet about who could be eligible for relief under its latest plan for student-loan forgiveness.  The categories of borrowers who may qualify for debt cancellation are far from certain. The Department of Education is in the midst of a rulemaking process that will ultimately determine the scope of any debt-relief plan. The details released Monday are part of an agency proposal that will be finalized over the next several months. But if the
  
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• Bond Report: Treasury yields finish higher for second time in three sessions

  04-12-2023 21:53
  Treasurys sold off on Monday, pushing yields higher for the second time in three sessions, as investors weighed Federal Reserve Chairman Jerome Powell’s recent efforts to damp rate-cut expectations.What happened The yield on the 2-year Treasury note BX:TMUBMUSD02Yjumped 9.1 basis points to 4.656% from Friday’s 4.565% level. The yield on the 10-year Treasury note BX:TMUBMUSD10Yrose 6.1 basis points to 4.286% from 4.225% Friday afternoon. The yield on the 30-year Treasury BX:TMUBMUSD30
  
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• : As Supreme Court weighs Purdue Pharma bankruptcy, families say the process has compounded their pain

  04-12-2023 21:39
  As the U.S. Supreme Court on Monday weighed the legality of Purdue Pharma’s bankruptcy settlement, some relatives of opioid victims converged on Washington to voice their frustrations with the process.  The settlement involving Purdue Pharma, maker of the prescription painkiller OxyContin, landed at the Supreme Court because it gives members of the Sackler family, who previously controlled the company but did not individually file for bankruptcy, some broad protections against civil c
  
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• Yen risks and wins. Forecast as of 04.12.2023

  04-12-2023 11:26 via litefinance.org
  
  The uptrend in the US dollar against the Japanese yen looks so strong that hedge funds and insurance companies do not believe it will reverse. They say that the Bank of Japan will not raise interest rates when others cut borrowing costs. Let us discuss the Forex outlook and make up a USDJPY trading plan.FundamentalJapanese yen forecast for six monthsWhich is right, markets or central banks? Numerous stories of the Fed punishing investors for their overconfidence during the current monetary
  
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• Short-term analysis for oil, gold, and EURUSD for 04.12.2023

  04-12-2023 08:34 via litefinance.org
  
  I welcome my fellow traders! I have made a price forecast for the 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 price has broken out the Gold Zone 2079 - 2075 today.Oil price forecast for today: USCrude analysisThe oil price continues declining. The oil traders are trying to consolidate the price below the key support of the short-term uptrend 74.65
  
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• Fed will not help USD. Forecast as of 04.12.2023

  04-12-2023 08:27 via litefinance.org
  
  USD bulls were seriously counting on Jerome Powell's speech, which was supposed to cool buyers in the US stock market and weaken global risk appetite. However, this did not happen. Let's discuss this topic and make up a trading plan for EURUSD.Weekly US dollar fundamental forecastJerome Powell could not say anything in response to Christopher Waller, who was talking about monetary expansion. Statements by the Fed Chairman that the federal funds rate will limit economic growth and that it is
  
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• Short-term forecast for BTCUSD, XRPUSD and ETHUSD 04.12.2023

  04-12-2023 07:58 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 analysisWithin the actionary wave (Z), Bitcoin continues to build a large impulse wave C, consisting of sub-waves [1]-[2]-[3]-[4]-[5]. Correction [4] has already been completed as a skewed triangle (A)-(B)-(C)-(D)-(E). Now, the market is developing the initial part of the bullish impu
  
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