CashNews.co The Zacks Chemicals Diversified industry is plagued by sluggish demand in certain markets, including consumer durables and building & construction, and some residual impacts of consumer inventory destocking. Lower consumer spending due to inflationary pressures in Europe and a slow recovery in China are impacting demand. Industry players like DuPont de Nemours, Inc. DD, […]
CashNews.co Global gold exchange-traded funds (ETFs) continued their winning streak in September, attracting a total of $1.4 billion in inflows. This marks the fifth consecutive month of positive inflows for gold ETFs, highlighting growing investor confidence in the precious metal. North America led the charge, accounting for the majority of inflows during the month. […]
CashNews.co For Immediate Release Chicago, IL – October 7, 2024 – Today, Zacks Equity Research ServisFirst Bancshares SFBS, Berkshire Hills Bancorp, Inc. BHLB and Heritage Financial Corp., Inc. HFWA. Industry: Savings and Loan Link:https://www.zacks.com/commentary/2346029/3-stocks-to-outshine-in-the-thriving-savings-loan-industry?art_rec=quote-stock_overview-zacks_news-ID01-txt-2346029 The Zacks Savings and Loan industry is expected to benefit from a spur in mortgage originations and refinancing on the back […]
CashNews.co The Zacks Oil and Gas – Drilling industry is contending with multiple challenges. First, the U.S. rig count has fallen year over year, slowing drilling activity and impacting service companies’ operations. Second, the sector faces overcapacity and pricing pressures, with margins squeezed despite prioritizing pricing over utilization. Third, Saudi Arabia’s decision to maintain its […]
CashNews.co The drug and biotech industry has done well this year, driven by increased mergers and acquisitions (M&A), the launch of promising new medicines and pipeline successes. Obesity drugs of Novo Nordisk and Eli Lilly LLY have witnessed tremendous success, which has played a key role in the industry’s outperformance. Large drugmakers have several robust […]
CashNews.co United Parcel Service (UPS) closed the most recent trading day at $131.25, moving +0.41% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.9%. At the same time, the Dow added 0.81%, and the tech-heavy Nasdaq gained 1.22%. The the stock of package delivery service has risen by 2.61% […]
CashNews.co Jensen Huang Was Once Told ‘NVIDIA Can Never Be Larger Than A Billion Dollars.’ Here’s What They Did To Shatter That Ceiling 1,000X Over In the early days of NVIDIA, CEO Jensen Huang was told the company would never be worth more than a billion dollars. This bold claim might have discouraged some leaders, […]
CashNews.co Barrick Gold Corporation’s GOLD stock looks attractive from a valuation perspective. GOLD is currently trading at a forward price/earnings of 12.68X, a roughly 17.7% discount when stacked up with the industry average of 15.41X. It also has a Value Score of A. GOLD is currently trading at a roughly 6% discount to its 52-week […]
Cash News The cryptocurrency market, which was trying to rebound after the Federal Reserve announced a rate cut in September, has again started facing roadblocks. Bitcoin (BTC), which surged past $63,000 in the days following the rate cut announcement, has retreated this week and fell below $60,000. Several factors have been responsible for this sudden […]
CashNews.co For Immediate Release Chicago, IL – October 4, 2024 – Today, Zacks Equity Research discusses Williams-Sonoma, Inc. WSM and Fortune Brands Innovations, Inc. FBIN. Industry: Retail – Home Furnishings Link: https://www.zacks.com/commentary/2345496/2-retail-home-furnishing-stocks-to-watch-defying-industry-challenges Despite the Fed’s decision to cut interest rates, consumers remain cautious about jobs and business conditions. This pessimistic approach to future business conditions […]