Crude oil futures settled lower on Wednesday, extending losses from the previous session, as Saudi Arabia’s pledge to help stabilise the market outweighed concerns about supply disruptions amid the tensions in the Middle East. A report from Reuters said oil firm Saudi Aramco told at least four refiners in North Asia that it would supply them with the full contractual […]

In the world of business, a stable balance sheet and a cash reserve are invaluable assets for any company. Excessive debt can burden a company with interest expenses that erode its financial flexibility, making a solid balance sheet an essential component of sound fundamentals, often deserving a premium valuation. In the cyclical Oil/Energy sector, this financial stability becomes even more […]

The Zacks Media Conglomerates industry has been suffering from a decline in ratings for broadcast television, as well as reduced demand for home entertainment sales of theatrical content. Sluggish spending by advertisers due to raging inflation and a higher interest rate has been another concern. Nevertheless, the industry participants are benefiting from the change in consumer preference for over-the-top (OTT) […]

The S&P 500 witnessed its worst month of 2023, losing 5% in September. With this, 2023 marked the fourth year in a row that the S&P 500 logged losses in September, per data from Deutsche Bank. Fears of higher rates for a longer-than-expected period took the sheen away from stocks in the month. SPDR S&P 500 ETF Trust SPY, the […]

Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: AbbVie ABBV, Lilly LLY, Sanofi SNY, Merck MRK and J&J JNJ. Here are highlights from Friday’s Analyst Blog: Pharma Stock Roundup: Regulatory Updates […]

Tesla Inc. (NASDAQ: TSLA) reported new electric vehicle (EV) deliveries of 435,059 and production of 4430,488 vehicles in the third quarter of 2023. Deliveries were down 6.7% sequentially but up 18.9% year over year. While total deliveries were also a miss compared to estimates of around 455,000, the company’s share price saw a small gain of about 0.8% Monday morning. […]

Treasuries moved sharply lower during trading on Monday, giving back ground following the rebound seen over the two previous sessions. Bond prices came under pressure early in the session and saw further downside as the day progressed. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, jumped 11.0 basis points to 4.683 percent. With the […]

The futures were trading positive as we prepare to wrap up trading for the week, month and third quarter. The major indexes closed higher on Thursday, as once again stocks ping-ponged all day before ending higher. Institutional accounts were busy, and will be again Friday, with end-of-the-quarter buying and selling. As is customary, some will be adding “window dressing” so […]

Although these last two weeks have been painful for investors, as the S&P 500 pulled back by ~7% in a rather short time, it is likely setting up what could be a powerful end of year rally. Additionally, if you take a look at a technical chart of the Nasdaq 100 index, we can see that on Wednesday, the market […]

On September 20th, the Fed skipped another interest rate hike, opting to hold it in the 5.25 – 5.50% range. This was despite inflation reheating in August, beating the expected 3.6% forecast by a 0.1% rise. However, the Fed’s preferred inflation gauge, core CPI, remained in line with Dow Jones polling expectations, at 4.3% over the year. Holding the interest […]