Day: October 25, 2022
Shares of American Electric Power Co. Inc. AE, +1.93% ] rose 1.3% in midday trading Tuesday, after the electricity transmission company raised its quarterly dividend by 6.4%, to 83 cents a share from 78 cents. The new dividend is payable Dec. 9 to shareholders of record on Nov. 10. Based on current stock prices, the […]
Managed care company Centene Corp. CNC, +8.52% posted better-than-expected profit and revenue for the third quarter, boosted by a strong performance by Medicaid and Medicare. Centene had net income of $738 million, or $1.27 a share, in the quarter, up from $584 million, or 99 cents a share, in the year-earlier period. Adjusted per-share earnings […]
EURUSD, “Euro vs US Dollar” On H4, at the resistance level, the pair has formed a Harami reversal pattern. If the pair now goes by the signal, it will end up in a descending wave. The goal of the decline is 0.9795. However, the pair may still rise to 0.9925, bounce off it, and continue […]
On Tuesday, the British pound against the US dollar looks neutral. The current quote is 1.1300. The main political intrigue of Great Britain got solved faster than anyone could expect. The new head of the Conservative Party and simultaneously the new PM was elected Rishi Sunak. He is the first PM of Indian origin and […]
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote. 2232 Total views 17 Total shares Despite the ongoing cryptocurrency bear market, investors have been increasingly looking at Bitcoin (BTC) as a safe haven, a new study suggests. The rise in the […]
Former U.S. Defense Secretary Ash Carter, who served under President Barack Obama, has died at 68. Carter, the nation’s 25th defense secretary, died Monday in Boston after “a sudden cardiac event,” according to reports citing his family. Carter served as deputy secretary of defense from 2011 to 2013 before taking the top job at the […]
U.S. stocks opened higher Tuesday with the tech-heavy Nasdaq Composite in the lead as investors awaited earnings from some of the biggest megacap technology companies in the U.S. The Nasdaq COMP, +1.96% climbed 76 points, or 0.7%, to 11,029. The S&P 500 SPX, +1.29% advanced 9 points, or 0.2%, to 3,806. Only the Dow Jones […]
Shares of Intuitive Surgical Inc. ISRG, +6.65% surged 4.9% in premarket trading Tuesday, after the surgical systems and instruments for invasive surgeries announced a $1 billion accelerated stock repurchase agreement (ASR). That represents 1.3% of the companies market capitalization of $77.84 billion as of Monday’s close. Under terms of the ASR agreement, which was made […]
Home builder and mortgage banking company NVR Inc. NVR, +5.58% reported third-quarter profit that missed expectations while revenue beat, as new orders fell but prices increased. Net income rose to $411.4 million, or $118.51 a share, from $332.1 million, or $86.44 a share, in the year-ago period. The FactSet consensus for earnings per share was […]
Traders are pricing in a better-than-even likelihood that the Federal Reserve will back away from an aggressive, 75-basis point rate hike for December. They now see a 52% chance of a 50-basis-point rate hike by the Fed at its final meeting of the year, and just a 46% likelihood of a 75-basis-point move, according to […]
