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Instablog9ja
30 m
10
Businessman Blord has broke his silence following his release from police custody over allegations of internet fra¥d and t3rrorism funding.
He has now called himself youth President for a reason.
Investopedia
31 m
15
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Retail investors have poured into small-cap stocks amid hopes that recent economic data could embolden the Federal Reserve to start cutting its benchmark interest rate, according to analysts at Vanda Research.
Retail investors loaded up on a record $108.8 million of the iShares Russell 2000 ETF (IWM) on Tuesday, according to data from Vanda Research. Individuals were also net buyers of Direxion Daily Small Cap Bull 3x Shares (TNA), a leveraged fund that triples the Russell 2000’s daily return, to the tune of more than $58 million.
After a quiet second quarter for retail traders, activity has picked up this month “in what appears to be a response to improving growth prospects driven by Fed easing hopes and Trump’s pro-growth agenda,” wrote Marco Iachini, Senior VP of Research, and Lucas Mantle, VP of Data Science in a note Wednesday afternoon.
Lower interest rates are seen as beneficial to smaller companies, which generally have higher levels of debt than bigger ones and can be more susceptible to economic stress.
The rotation into small-cap stocks has coincided with investors modestly scaling back their buying of tech stocks. Though they haven’t by any means written the sector off; single-stock leveraged ETFs, which typically track the largest tech names, saw record inflows after last week’s consumer price inflation data. Trading activity in Tesla (TSLA) stock, a perennial favorite among retail investors, has also rebounded in recent weeks and is currently near its highest level all year.
Ultimately, Iachini and Mantle conclude, the data suggests the Q2 retail trade slump could be over. With retail investors piling into small caps, embracing leverage, and buying large-cap dips, there’s reason to believe “the recent uptick in overall retail purchases of US financial assets may extend over the coming weeks.”
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Instablog9ja
2 hrs
14
A Popular businesswoman, Elsie, has cried out to her basket of admirers.
She said her DM is for business and not for love messages, she added that if you are not talking business deals, it is nonsense to her.
Click to watch
Investopedia
2 hrs
11
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Major U.S. equities indexes declined Thursday, with geopolitical concerns weighing on the markets and tech stocks selling off for a second consecutive session.
Thursday's declines coincided with data showing a greater-than-expected increase in jobless claims, adding to concerns about the labor market as the Federal Reserve aims to optimize the timing of a possible interest-rate cut.
The S&P 500 dropped 0.8%, while the tech-heavy Nasdaq followed up its worst trading day since 2022 with a loss of 0.7%. The Dow fell 533 points, ending the day 1.3% below the record closing high posted Wednesday.
Domino’s Pizza (DPZ) shares plunged 13.6%, losing the most ground of any S&P stock, after the chain restaurant's second-quarter revenue fell shy of forecasts. Domino's scaled back its global expansion plans, warning it would miss its goal of opening 925 net new international stores over the full year.
Shares of pharma giant Eli Lilly (LLY) dropped 6.3% as Swiss competitor Roche (RHHBY) released positive early-stage data from a clinical trial of an experimental oral weight-loss treatment. If approved, Roche's once-daily pill could stiffen the competition in the growing market for anti-obesity medications, challenging offerings from Lilly and Novo Nordisk (NVO). Novo Nordisk's American Depository Receipts (ADRs) fell 4%.
Shares of mining giant and major copper producer Freeport-McMoRan (FCX) sank 5.3%. After peaking at a record high in May, copper prices have trended downward amid demand uncertainty, particularly in China.
D.R. Horton (DHI) shares notched Thursday's top performance in the S&P 500, soaring 10.1% after the home builder reported better-than-expected revenue and earnings per share (EPS) for its fiscal third quarter and announced a $4 billion stock buyback. The company also lifted its full-year forecast for homes closed, citing strong housing demand trends. Shares of fellow home builders also moved higher.
Shares of Quanta Services (PWR) jumped 8.1% after the energy infrastructure firm announced the acquisition of California-based engineering and construction company Cupertino Electric. According to Quanta, the combination will boost its opportunities in the technology industry, a market that is poised for growth given the demand for comprehensive power solutions.
Cintas (CTAS), which supplies uniforms and other business products, topped sales and profit estimates for its fiscal fourth quarter. The company expressed confidence that new products and technology will drive continued growth and margin expansion, lifting its full-year outlook. Cintas shares advanced 5.4%.
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Instablog9ja
3 hrs
12
A lady is in shock after a Keke Napep rider who’s likely a ‘billionaire in disguise’ asked her to marry him and promised to make her comfortable in life.
He added that he came from a family of four boys and none of them has a child before the de@th of his mother. He added that two of them are married but they married none Nigerians.
Click to watch
Investopedia
3 hrs
12
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TWFG Insurance (TWFG) shares jumped some 30% from their IPO price in the company's first day trading on the Nasdaq Global Select Market.
The company priced its IPO at $17 per share, higher than the $14 to $16 it previously expected, with shares closing at $22.10 on Thursday. They opened early Thursday afternoon at $22.
Texas-based TWFG, also known as the Woodlands Financial Group, is an insurance broker. It expected proceeds of nearly $170 million from its IPO.
The company's IPO comes after the IPO market in the U.S. heated up in the first half of 2024.
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