CashNews.co Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter? Let’s take a look at what these Wall Street heavyweights have […]
Cash News Elon Musk’s ventures into cryptocurrency are raising eyebrows once again. Blockchain analytics firm Arkham Intelligence reported that Tesla recently moved about $765 million worth of Bitcoin to unidentified wallets. This massive transfer has sparked a flurry of speculation. What’s Tesla planning next? Will they sell or is there something else at play? Tesla […]
Cash News The cryptocurrency market has made a solid rebound this month. Bitcoin (BTC), the worldâs most popular cryptocurrency, especially has had an impressive run over the past couple of weeks. Bitcoinâs recent rally is being powered by the Federal Reserveâs recent rate and the approaching U.S. presidential election that has raised optimism surrounding riskier […]
CashNews.co Coinbase Global Inc COIN shares are trading at a premium to the Zacks Financial Transaction Service Market. Its 12-month forward price-to-earnings of 96.60X is much higher than the industry average of 24.12X, the broader sectorâs 25.59X and the Zacks S&P 500 compositeâs 22.27X. Its Value Score of F suggests that the stock is not […]
Cash News The cryptocurrency market is staging a solid comeback, with Bitcoin (BTC) on track to hit $70,000 after falling below $60,000 last month. The Federal Reserveâs jumbo rate cut announcement in September amid the upcoming U.S. election has raised optimism surrounding riskier assets, especially tech stocks and cryptocurrencies. Given this scenario, it would be […]
CashNews.co AXIS Capital Holdings AXS shares are trading at a discount to the Zacks Property and Casualty Insurance industryâs multiple of 1.65. Its price-to-book value of 1.36X is lower than the broader sectorâs 3.74X and the Zacks S&P 500 compositeâs 8.83X. Its pricing at a discount to the industry average gives a better entry point […]
CashNews.co For Immediate Release Chicago, IL â October 18, 2024 â Today, Zacks Equity Research discusses UnitedHealth Group Inc. UNH, The Cigna Group CI, Humana Inc. HUM and Molina Healthcare, Inc. MOH. Industry: HMO Link: https://www.zacks.com/commentary/2352108/4-hmo-stocks-to-watch-despite-continued-industry-headwinds The U.S. health insurance industry, referred to as Health Maintenance Organization (“HMO”), is expected to benefit from rising premiums […]
CashNews.co In the latest edition of the Wealthy Behavior podcast, I spoke with Gabriela Santos, Global Market Strategist on the J.P. Morgan Asset Management Global Market Insights Strategy team about investing in Chinese markets and whatâs been happening with the Chinese economy and markets from before COVID-19 through today, including: How should investors think about […]
CashNews.co In the latest trading session, Emerson Electric (EMR) closed at $110.45, marking a -0.13% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.02% for the day. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.04%. Prior to today’s trading, […]
CashNews.co For Immediate Release Chicago, IL â October 17, 2024 â Today, Zacks Equity Research discusses Atmos Energy Corp. ATO, UGI Corp. UGI, MDU Resources Group MDU and New Jersey Resources NJR. Industry: Gas Utility Link: https://www.zacks.com/commentary/2351590/4-gas-distribution-stocks-to-watch-from-a-muted-industry Natural gas distribution companies offer services to transport natural gas from the region of production to millions of […]