Buy Western Digital, Sell Crowdstrike
Markets often punish cyclical semiconductor firms so much that valuations fall by too much. Western Digital (WDC) bottomed at $30.00 at the end of 2022....
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Stocks in Play: STEP Energy Services Ltd.
Monday, January 9, 2023 10:03 AM EST – STEP Energy Services Ltd. : Provided an update on its approved 2023 capital spending plan against a...
Wholesale Used Car Prices Down 14.9% Year-over-year; Largest Annual Decline on Record
From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in December Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 0.8% in December...
Swiss National Bank Posts Record $143 Billion Loss For 2022
The Swiss National Bank posted a record annual loss of 132 billion Swiss francs ($143 billion U.S.) for 2022 as volatile stock and fixed-income markets...
U.S. Investment Bank Goldman Sachs To Cut Thousands Of Jobs
Leading U.S. investment bank Goldman Sachs (GS) is planning to cut thousands of jobs worldwide as it braces for an economic recession. The job cuts...
Stocks in Play: DELTA 9 CANNABIS INC.
Monday, January 9, 2023 9:54 AM EST – DELTA 9 CANNABIS INC. : Announces various cost cutting measures as a part of the Company’s 2023...
The return of optimism
Investors received clues that tend to confirm their favorite scenario, in which the US central bank is taking control of inflation by capping its key...
Suez Canal Traffic Resumes After Bulk Carrier Suffers Engine Failure
Ship traffic in the Suez Canal has resumed after a bulk carrier suffered engine failure in the waterway and temporarily blocked the busy trade corridor....
Vermilion Energy Raises Quarterly Dividend By 25%
Vermilion Energy (VET) has raised its quarterly dividend by 25% and announced that it will resume share buybacks in the year ahead. The Calgary, Alberta-based...
Costco’s Stock Jumps 7% On Strong Holiday Sales
Shares of Costco Wholesale (COST) rose 7% after the company announced better-than-expected December sales figures. The 7% increase was the biggest one-day gain in the...