1085 days ago
Energy stocks look set for a major breakout. E&Ps had a very strong move today after a much needed pullback since 3/11.
Energy is now the leading sector YTD by over 10 pct pts. Only the beginning.
These stocks are probably headed much higher.
1085 days ago
Swiss robot engineering firm ABB, saw first quarter revenues rise by 11% to $6.90 billion from $6.22 billion. Customers are rebuilding inventories, and customers in the commodities sectors are reinvesting in equipment. ABB's revenues increased by 7%. The company had previously guided for a full year increase in line with its long term goal of a 3% to 5% increase. ABB also reported first quarter orders rising 1% to $7.75 billion, while its operational profit margin (EBITA) increased to 13.5% from 10.2% a year earlier.
1085 days ago
Despite a chip shortage large clients Apple and Qualcomm have continued to order chips from the manufacturer despite increasing prices. TSMC plans to invest $100B in facilities to build yet more chips in anticipation for a growing need stemming from 5G and AI tech companies. TSMC's market value is $558 billion.
1085 days ago
Moderators of the WallStreetBets subreddit had so far not authorized to talk about cryptocurrencies. However, that policy is changing and members will be authorized to talk about BTC, ETH and DOGE only. What will the effect be on the crypto prices?
1085 days ago
Recent rally in cheap stocks might trigger a rare shift in equity market dynamics. We might expect gains from financial and energy companies.
