One of the year’s hottest trades may get a boost from earnings season.
RBC Capital Markets’ Gerard Cassidy expects financials to exceed Wall Street expectations when they start reporting this week.
“The big beats are likely to come from the loan loss reserve releasing numbers,” the firm’s head of U.S. bank equity strategy told CNBC’s “Trading Nation” on Friday. “Last year because of the pandemic, the banking industry set aside billions of dollars in anticipated credit losses, and the reserves for these losses weren’t used.”
Financials were the third worst performing S&P 500 group in 2020, behind energy and real
You can add gigantic artisanal milkshake maker to the list of businesses that fared well through the pandemic. With its latest addition, Alabama-based chain “The Yard” will literally have locations all the way across the country.
This week residents of the Portland, Ore., area learned that The Yard will soon be serving them: A store is coming to The Waterfront, a mixed-use riverfront development in the adjacent city of Vancouver, Wash. But that’s just the tip of the ice(cream)berg.
Cofounder Chelsea Green said the last year has seen extensive growth for the company, which opened its first location in Gulf
The Bottom Is in for These 3 Stocks? Analysts Say ‘Buy’
Never say that one person makes no difference. This past Thursday, stocks tumbled, bonds surged, and investors started taking inflationary risks seriously – all because one guy said what he thinks. Jerome Powell, chair of the Federal Reserve, held a press conference at which he gave both the good and the bad. He stated, again, his belief that the COVID vaccination program will allow a full reopening of the economy, and that we’ll see a resurgence in the job market. That’s the good news. The bad news, we’ll
Warren Buffett described how hype around “hot” stocks can evaporate, reminded stock traders that their transaction fees fill Wall Street’s coffers, and celebrated American prosperity in his annual letter on Saturday.
The famed investor and Berkshire Hathaway CEO also joked about his age, bemoaned the outlook for bond investors, and admitted to overpaying for Precision
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