Commentary The Washington, D.C. wheeler-dealers are making patsies out of the rest of us. Members of Congress get million-dollar-plus expense accounts, lifetime pensions, and lavish perks, but for the greedy, that’s not enough. They’re also racking up big bucks trading stocks in the very same companies Congress regulates. Stock picking by members of Congress should…
Apple Retreats Again, After Valuation Tops $3 Trillion Again
Apple Inc.’s stock market value peaked on Tuesday for a second day above a $3 trillion, but the iPhone maker’s shares again failed hold that gain by the session’s end. Apple shares ended down 1.3 percent at $179.70, leaving its market capitalization at $2.95 trillion. On Monday, Apple’s stock market value rose briefly above $3…
Taiwan Stock Market Hits New High As Economy Performs Best Since 2010
Taiwan’s stock market continues to set new highs to greet the new year, jumping more than 300 points, or 1.6 percent, in the first two trading days of 2022, after surging by 23.6 percent in the whole year of 2021. This comes as exports and investments have fueled Taiwan’s best economic outlook since 2010. Amid…
Inflation and Supply Chains: Saying Goodbye to 2021, Looking to 2022
The world is turning the page on 2021 and welcoming 2022, leading to an assessment of the last 12 months and looking ahead to the next 365 days. Over the last year, the economy was dominated by a handful of developments: inflation, a global supply chain crisis, the Delta and Omicron variants, trillions in fiscal…
Is Carnival’s Stock Overvalued or Undervalued?
Carnival Corp. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 5.1 percent. Carnival stock has had a wild ride since the 2020 shutdowns, but investors may be wondering whether there’s any value in Carnival shares after its 2021 pullback. Earnings A price-to-earnings ratio (PE) is one of the…
Business Chart of the Day: Range Forming in the SPY
Some traders love trading ranges. And the SPDR S&P 500 ETF Trust may be forming one. A stock is in a trading range when there is clear resistance at the top of the range and clears support at the bottom. Traders profit by selling close to the top and buying close to the bottom. Resistance…
US, Global Stock Markets Thrive Amidst Tensions, Pandemic, Inflation
Since the 2008-2009 Great Recession, the world has endured financial crises, geopolitical tensions, natural disasters, a pandemic, and so much more. But there has been one factor that has been remarkably persistent: the stock market, from the United States to the UK, has soared to a record high. As 2021 comes to a close, the…
Limelight Networks Stock Gains on Raymond James’ Bullish View
Raymond James analyst Frank Louthan upgraded Limelight Networks Inc. from Market Perform to Strong Buy with a price target of $5. The price target implies a 40 percent upside. “We believe the Limelight team has embarked on a solid transition, applying a combination of new sales, new products, and improved operational discipline to the legacy CDN business. Looking…
B. Riley’s Take on Cinemark, Imax, Marcus, National CineMedia, AMC
“Spider-Man: No Way Home,” a film released in the middle of an omicron variant surge with a multitude of at-home viewing platforms in focus, just generated the third-best domestic opening weekend box office of all time, B. Riley analyst Eric Wold noted. “Those who are bearish on the potential for a post-pandemic exhibition industry recovery need to…
This Day in Market History: NYSE Gets Computerized
Each day, Benzinga will take a look back at a notable market-related moment that happened on this date. What Happened? On Dec. 20, 1966, the New York Stock Exchange switched to a fully automated computerized trading system for the first time. Where Was the Market? The S&P 500 was trading at 80.96 and the Dow…
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