Check out the companies making the biggest moves midday: First Solar – Shares of the major domestic solar panel producer popped 6%. Bloomberg News reported that the U.S. Commerce Department has launched Section 232 investigations into imports of drones and polysilicon, which is used on solar panels. The move could be a precursor to tariffs, which may be imposed on goods under Section 232 if they are deemed a threat to national security. Newmont — The mining stock dropped 8% after Newmont disclosed CFO Karyn Ovelmen had left the company. JPMorgan Chase — Shares fell less than 1% even after…
Author: usaeverydaylife
Sometimes the market just flat-out overreacts — and if you’ve got the right tools and mindset, those overreactions can turn into serious opportunities. That’s where mean reversion comes in. It’s all about stepping in after the panic, not during it — betting that things will snap back to equilibrium. Now, pair that with a strategic use of options, and you’ve got a disciplined way to profit from these snapbacks without taking on wild risk. I lay out the full framework for this style of trading in my book Mean Reversion Trading , and there are tons of live trade examples…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailJames Bianco, Bianco Research president, joins ‘Closing Bell Overtime’ to talk the latest inflation read and why he believes the Federal Reserve cutting rates would be a mistake. Source link
Professional fund managers might be getting a little too confident that this stock market rally has room to run, according to Bank of America. The bank’s monthly fund manager survey showed that professional investors are putting more and more cash to work, which could be a contrarian indicator and spell future trouble, investment strategist Michael Hartnett said in a note to clients. When cash levels are drawn low, the thinking among some on Wall Street is that that there’s less dry powder available to put into stocks, and more buying is in the past than the future. “Investor sentiment most…
The logo for the Food and Drug Administration is seen ahead of a news conference on removing synthetic dyes from America’s food supply, at the Health and Human Services Headquarters in Washington, DC on April 22, 2025. Nathan Posner | Anadolu | Getty ImagesThe U.S. Food and Drug Administration on Tuesday published a warning letter addressed to the wrist wearable company Whoop, alleging it is marketing a new blood pressure feature without proper approvals.The letter centers around Whoop’s Blood Pressure Insights (BPI) feature, which the company introduced alongside its latest hardware launch in May.Whoop said its BPI feature uses blood…
Check out the companies making headlines in extended trading. Global Payments — Shares of the financial technology company advanced roughly 5%. The movement came after a Financial Times report that said activist investor Elliott Management added to its stake in Global Payments. Hancock Whitney — The bank holding company slid more than 3% in extended trading. Adjusted earnings for the second quarter came in at $1.37 per share, falling short of the FactSet consensus estimate of $1.36 per share. Net interest income landed at $279.5 million, narrowly beating analysts’ call for $277.7 million. Omnicom Group — The marketing and sales…
Ritholtz Wealth Management CEO Josh Brown had good things to say about JPMorgan and Citigroup following the financial institutions’ earnings reports on Tuesday. Brown joined CNBC’s “Halftime Report” to discuss the two banks after both beat Wall Street estimates. Here’s what he had to say about each name: Citi While Brown said he doesn’t own Citigroup, he did acknowledge that the stock looks “outstanding” from a technical perspective. Brown pointed out that the company said it expects $84 billion in revenue for the full year, which was at the high end of its guidance. Shares rallied more than 4% in…
United Launch Alliance Atlas V rocket carrying the first two demonstration satellites for Amazon’s Project Kuiper broadband internet constellation stands ready for launch on pad 41 at Cape Canaveral Space Force Station on October 5, 2023 in Cape Canaveral, Florida, United States.Paul Hennessey | Anadolu Agency | Getty ImagesAs Amazon chases SpaceX in the internet satellite market, the e-commerce and computing giant is now counting on Elon Musk’s rival company to get its next batch of devices into space. On Wednesday, weather permitting, 24 Kuiper satellites will hitch a ride on one of SpaceX’s Falcon 9 rockets from a launchpad…
Bitcoin fell below the $117,000 level on Tuesday after cryptocurrency-related bills were blocked in the House of Representatives.The price of bitcoin was last down 2.8% at $116,516.00, according to Coin Metrics. That marks a pullback from the day’s high of $120,481.86.Stock Chart IconStock chart iconBitcoin/USD Coin Metrics, 1-dayThe drop comes on the heels of multiple crypto-related bills failing to overcome a procedural hurdle in the House, with 13 Republicans voting with Democrats to block the motion in a 196-223 vote.In recent days, bitcoin has been trading at all-time highs, spurred by institutional buying of bitcoin exchange-traded funds (ETFs) amid rising…
BlackRock shares fell Tuesday after the world’s largest asset manager reported mixed second-quarter earnings — presenting a buying opportunity for patient investors. Revenue in the second quarter rose 12.9% year over year to $5.42 billion, but missed the $5.46 billion estimate, according to LSEG. Adjusted earnings per share (EPS) of $12.05 topped expectations of $10.82, LSEG data showed. Assets under management (AUM) totaled $12.53 trillion at the end of the quarter, above the consensus estimate of $12.15 trillion, according to FactSet. BlackRock stock came into the print at all-time highs, so we’re not all that surprised that investors are doing…
