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The S&P 500 on Friday recorded its fourth straight weekly gain, after ending 3.26% higher for the week. It recorded losses in four of the five sessions. The SPDR S&P 500 Trust ETF ( NYSEARCA: SPY ) firmed 3.30% for the week alongside the benchmark index. The ETF is ...
The broader market could test its highs given the propensity of stock to rally following an inversion of the yield curve, MKM partners says. In three of the last four recessions, equities saw "powerful rallies" after the inversion but before a recession started, economist and strate...
We do not expect the copper price to fall below $6500/ton with the onset of recession. The main reason is the current raw material price (~$7300/ton) removing ~30% of the potential copper supply from the market. We expect the current decline of copper price to catch up quickly by the ...
Celanese has been a regular in the M&A space at least over the last 10 years and continued to grow. The latest acquisitions (especially M&M from DuPont), however, change the color of its balance sheet with substantially higher leverage. The product portfolio being acquired...
Inflation, Federal Reserve policy tightening, and geopolitical turmoil are cooking up a recipe for stagflation — when inflation and low or no economic growth coincide — said Sumit Handa, managing director at investment firm Pennington Partners. Due to a mix of factors,...
The S&P 500 Materials index closed this trading week with a slight dip of 0.58%. The Materials Select Sector SPDR (NYSEARCA:XLB) also registered a similar drop. A look at the sector's YTD price performance against S&P 500: Copper price rose on Friday followin...
The S&P 500 on Friday ended 0.36% higher for the week, after a hefty gain last week. It recorded losses in four of the five sessions. Alongside the benchmark index, the SPDR S&P 500 Trust ETF ( NYSEARCA: SPY ) added 0.36% for the week. The ETF is -12.9% YTD. ...
Last week, the S&P 500 on Friday posted its strongest monthly performance since November 2020, rising 9.11% for July. The SPDR S&P 500 Trust ETF ( NYSEARCA: SPY ) also added 9.21% for the month. The ETF is -13.26% YTD. The benchmark index's performance for Ju...
UBS surveyed its analysts for stocks with attractive upside vs. downside in volatile markets. "We've focused on stocks where we believe our analysts have a truly differentiated view vs. consensus, and where we have interesting or proprietary data sources (from UBS Evidence Lab or el...
The materials sector edged higher this week, with S&P 500 Materials index and Materials Select Sector SPDR ( XLB ) both up 4% . Iron ore futures surged over 7% in China on Monday, according to Reuters , extending a previous rally sparked by hopes of an economic rebound...
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2024-07-08 11:38:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-06-28 12:22:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-03-09 06:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...