Author: Press Room
Back in January, Jeffrey Bierman surveyed the U.S. stock market landscape and called it a “slow-motion bear market,” forcing investors to face the fact that “the Fed-fueled fantasy bubble has popped.” U.S. stocks have since rebounded, but Bierman, a professional stock trader with more than three decades of experience, is convinced that stocks aren’t out of the woods yet. Bierman lectures on TheoTrade.com and TheQuantGuy.com, and is an adjunct professor of finance at Loyola University and DePaul University, both in Chicago. In this recent interview, Bierman offers up a number of stocks — all of which he owns in his…
© Reuters. Crown Castle earnings beat by $0.02, revenue fell short of estimates Investing.com – Crown Castle (NYSE: CCI) reported first quarter EPS of $1.91, $0.02 better than the analyst estimate of $1.89. Revenue for the quarter came in at $1.62B versus the consensus estimate of $1.76B. Guidance Crown Castle sees FY 2023 EPS of $3.67-$3.85 versus the analyst consensus of $3.78. Crown Castle’s stock price closed at $133.55. It is down -9.84% in the last 3 months and down -32.53% in the last 12 months. Crown Castle saw 0 positive EPS revisions and 10 negative EPS revisions in the…
A look at the day ahead in U.S. and global markets from Mike Dolan The signal is still lost in an awful lot of noise. Just when it looked like signs of a recessionary downturn were finally emerging in U.S. economic and earnings updates, European business seems to have picked up considerable steam this month and once again questions the global picture. The euro zone economic recovery has unexpectedly gathered pace this month as the bloc’s dominant services industry saw already buoyant demand rise further to 11-month highs, more than offsetting a deepening downturn in manufacturing. While there had been…
By Chris Mfula LUSAKA (Reuters) -Zambia’s official creditors, which include China, are getting closer to signing a memorandum of understanding on debt relief to the country in May, in what would be a key step needed to pave the way for more IMF funding, sources told Reuters. Zambia has been in default since 2020 when it became one of the first major sovereign casualties of the COVID-19 pandemic era, though progress in overhauling its debt burden has been slow. Zambia’s external debt amounted to $18.6 billion by end-2022, according to government data, with China being its biggest bilateral creditor. The…
Key Takeaways Tesla Shares Fell After Disappointing Earnings Layoffs Continue To Spread Volatility Keeps Falling Stocks traded lower on Thursday with the S&P 500 falling 0.6% and the Nasdaq Composite dropping 0.8%. Selling was not limited to any one area as ten of the eleven sectors in the S&P 500 were down on the day. Disappointing earnings from AT&T and Tesla sent both stocks down 10%. In their earnings call after the close Wednesday, Tesla reiterated their more aggressive pricing model, which has included multiple price cuts, is part of their broader strategy at gaining market share. That caused operating…
This year, as in any year, lots of Americans miss the April federal income tax filing deadline. It’s not the end of the world and you may even get some more time to file. The IRS gives certain filers a break before imposing penalties. There are lots of people who qualify automatically for extra filing time. Here’s the short list: Here’s a bottom-line fact: If you’re owed a refund, you won’t get one unless you file. “Every year, more than 1 million taxpayers overlook a tax refund,” the IRS says. “And those who didn’t file in 2019 that time is…
Earth Day, which takes place this year on Saturday, April 22, provides a perfect occasion for advisors to reach out to their environmentally conscious clients. Let them know about the opportunities people have to make an impact on climate change and other environmental issues through their investments. If you’re not already promoting ESG and sustainable investing to clients and prospects, here are some tips on how to get started. Take the Mystery out of the Initials ESG investing is not well understood, and it has recently become controversial. Use all the education tools at your disposal – blogs, newsletters, social…
Affordable housing development has never been without hurdles. The 3.8 million affordable homes deficit currently confronting the U.S. is ample proof. But some affordable housing sector veterans are labeling this current environment one of the toughest they have ever witnessed. It’s not hard to understand why. Ongoing inflation and the highest interest rates in decades, combined with lingering supply chain problems left over from the pandemic years, are fueling what some term a crisis gripping affordable housing development. That’s made it more daunting to provide the kind of new supply needed to even modestly begin to address the supply shortfall.…
Exercising your memory regularly is the key to brain enhancement, especially if you want to ward off memory issues later on. But memory strength varies from one person to another.What separates people with excellent memory skills apart from those who struggle is that they have both a strong working memory (retaining information immediately after learning it) and long-term memory (recalling information more than a day after memorizing it).It’s rare to be good at both types, especially without practice. As a neuroscientist at MIT Sloan, here are two simple brain exercises I do every day to boost my working memory and…
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. Oil and gas stocks have been on a two-year tear, ripping ahead as natural gas prices surged due to supply chain kinks, a strong economy, and Russia’s invasion of Ukraine. Fears of a recession are now slamming on the brakes. What’s happening: Brutally high oil and gas prices were the talk of the town last year and one of the largest contributing factors…
