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Insider buying is surging. What investors need to know, and why it may not signal a market bottom

Although corporate insiders are buying more stock than retail investors, they have increased their purchase of stocks in May. Retail investors should wait to follow their lead. According to The Washington Service data, the insider sell-value ratio was at its highest level since March 2020 through May 23. It was already the most significant month […]

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Ulta Beauty, Big Lots, Autodesk, Workday and more

Ulta Beauty Store Scott Mlyn | CNBC See which companies are making the headlines Friday morning trading. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty shared an even better outlook for the entire year. American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly […]

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JPMorgan sees upside for bitcoin after recent washout

According to Nikolaos Panigirtzoglou, JPMorgan strategist, Bitcoin investors were swept up by the market chaos this year. However, those who are still sticking with the currency should anticipate at least 30% upside from the crypto. The fair value of bitcoin is $38,000, which is about 32% upside from its current trading price. Friday, at 12:02 […]

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Record high Memorial Day gas prices are stinging consumers and impacting travel

Gas stations are identified when the gasoline price reaches an all-time high of $4.37/gallon, or 3.8 liters in Virginia (USA) on May 10, 2022. According to some estimates, gasoline prices can vary from one region to the next. Yasin Ozturk | Anadolu Agency | Getty Images Memorial Day is the beginning of summer driving season. […]

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Russian stocks may be ‘essentially worthless,’ MSCI research suggests

New research by MSCI suggests that Russian stock prices may not have the same value as those listed on Moscow Exchange. Moscow quit trading as stocks fell on account of Russia’s invasion. reopening a month laterThe exchange was shut down for the second time in its history, since the fall the Soviet Union. International powers […]

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Gap, Apple, Tesla, Netflix, Citi, CVS, Ulta

The following are Friday’s top Wall Street calls: Jefferies Upgrades Ulta To Buy From Hold Jefferies indicated that the company is now more positive on Ulta shares. “We are reframing our thesis, upgrading to Buy with an ‘all clear’ signal re: make-up recovery, favorable channel shift, share gains, leverage on tighter costs & inventory, embedding […]

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The Fed’s preferred gauge shows inflation rose 4.9% in April in a sign that price increases could be slowing

Federal Reserve preferred inflation gauge increased 4.9% in April compared to a year earlier, which is still high but could indicate that there may be some relief. The core personal consumption expenditures price index increased by 5.2% in March, which was consistent with our expectations. Volatilities in food and energy prices are not included as […]

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Needham upgrades Boston Scientific to buy, says company can fend off competition

Needham says Boston Scientific is strong across all areas, even in an area that a competitor wants to gain market share. Analyst Mike Matson raised Boston Scientific’s buy rating to hold. He stated in a note sent to clients that the company produces a medical device and should continue to be a strong seller, despite […]

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Big Lots, Hibbett, Pinduoduo and others

Take a look at the top companies that made headlines long before the bell rang. Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. Also, the company reported an unexpectedly large slump in comparable store sales. The firm issued cautious guidance […]

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Jefferies upgrades Ulta to buy, says strong earnings are the ‘all clear’ for a recovery

According to Jefferies, a strong quarter-end report signals the beginning of Ulta Beaty’s solid recovery. Ulta Beaty surpassed all expectations for her first quarter. She generated $6.30 in adjusted earnings per stock on revenue of $2.35 billion. Refinitiv surveyed analysts and they expected $4.46 earnings per share for $2.12 trillion in revenue. Also, the company’s […]