🦉 What Should Investors Make of These 3 Dividend Cuts?
Regarding steak marinades and financial debt, reductions are good — but not so much with stock dividends. A board of director's decision to employ dividend cuts is usually motivated by a need to shore up a company's financials. Its near-term ability to generate cash flow becomes compromised. Challenging economic conditions, a shift in customer preferences, escalating expenses or all of the above are often the cause. The market, therefore, generally interprets a dividend cut as a signal of financial distress. When a dividend cut comes around, the stock typically s....
The S&P 500 rallied on Friday after news hit the street that a debt ceiling resolution had passed. The next move is for President Biden to sign it into law which is expected to come before the US defaults. The S&P 500 gained more than 1.5% at the high of the session and is on track to break a critical resistance level. That level is the 4,300 level which has capped the market for more than a year.
There isn't much news expected in the coming week. The economic calendar is nearly void of releases and the few earnings reports will not move the market. Because the FOMC meets next week, the market could enter a consolidation while it waits for the new update. The Fed isn't expected to hike rates but it is expected to remain hawkish and indicate the need for rates to remain high.
Regarding steak marinades and financial debt, reductions are good — but not so much with stock dividends. A board of director's decision to employ dividend cuts is usually motivated by a need to shore up a company's financials. Its near-term ability to generate cash flow becomes compromised. Challenging economic conditions, a shift in customer preferences, escalating expenses or all of the above are often the cause. The market, therefore, generally interprets a dividend cut as a signal of financial distress. When a dividend cut comes around, the stock typically s...
I got friendly with some of the traders at the Chicago Board Options Exchange and started learning the ropes. I started out with $50,000 (much more than I needed, actually), and over the next 10 years continued to perfect this strategy as my $50k grew into $5.3 million! You can get great returns by starting with much less.
Saudi Arabia will reduce how much oil it sends to the global economy, taking a unilateral step to prop up the sagging price of crude after two previous cuts to supply by major producing countries in the OPEC+ alliance failed to push oil higher.The Saudi cut of 1 million barrels per day, to start in July, comes as the other OPEC+ producers agreed in a meeting in Vienna to extend earlier production cuts through next year.Calling the reduction a "lollipop," Saudi Energy Minister Abdulaziz bin Salman said at a news conference that "we wanted to ice the cake." He said the cut could be extended and ...
CrowdStrike Holdings Inc. (NASDAQ: CRWD), the company's first-quarter results and the price action they inspired echo a theme sounded by ID security firm Okta Inc. (NASDAQ: OKTA) and cloud services firm Salesforce Inc. (NYSE: CRM). That theme is one of outperformance and increased guidance that sparked — not a rally in the share prices — but a correction. Besides tech and cloud, AI is the unifying factor in these names. They all use AI and are leaders in their space, so the price surge inspired by NVIDIA Co. (NASDAQ: NVDA) is to blame. The market ran up on an expectation AI would underpin results, and the market was right.
Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>
Seth Jacobs has about 100 bins packed with marijuana flower sitting in storage at his upstate New York farm. And that's a problem. There aren't enough places to sell it.The 700 pounds (318 kilograms) of pungent flower was harvested last year as part of New York's first crop of legally grown pot for recreational use. He also has roughly 220 pounds (100 kilograms) of distillate. Months later, there are only a dozen licensed dispensaries statewide to sell what Jacobs and more than 200 other farmers produced.Now, another growing season is underway and farmers still sitting on much of last year's harvest are in a financial bind."We are really under the gun here.
It has become clear that AI mania is the investment theme du jour. The fortunes of semiconductor stocks surged in recent months, fueled by the AI boom and the increasing demand for advanced computing technologies. Enthusiasm about all things AI has also been boosting non-chip stocks, and some companies are far from household names. Small-cap Opera Ltd. (NASDAQ: OPRA), owned by a Chinese conglomerate headquartered in Norway, is a prime example of a stock racing to the moon on the promise of its AI applications. Opera develops a web browser with a built-in ad-blocker, free virtual private network, integrated messengers and a crypto wallet, among other features.
And Reuters magazine calls this type of trading "the new baby boomer hobby." An anonymous trader -- living at the base of the Smoky Mountains -- just released a free report revealing a step-by-step system to generating an extra $5,000 per month in income thanks to this trading strategy. The report is free until Sunday.
Filmmaker Christopher Nolan's long-awaited film "Oppenheimer," which tells the story of physicist J. Robert Oppenheimer, the man who helped develop the atomic bomb as part of the Manhattan Project in World War II, is expected to be a smash hit at the box office when it hits theaters next month.But even though the movie is expected to have a three-hour run time, the film is raising eyebrows for a different kind of length.According to the Associated Press, the actual IMAX film that Nolan used to shoot the saga stretches roughly 11 miles long and weighs around 600 pounds, all running through the ...
Robots choosing your food? Say it ain’t so! It may not be quite that futuristic (or dystopian, depending on your viewpoint), but Symbotic Inc. (NASDAQ: SYM) posted gains for six months in a row as investors cheer the company’s AI-powered robotic and software platform for warehouse use. In May, Symbotic announced a partnership with Associated Food Stores to implement Symbotic’s A.I.-powered robotic warehouse automation technology in AFS’ Utah distribution center. According to the news release, “Symbotic’s end-to-end automation system, with robotic case p...
In January, the U.S. hit its debt limit of $31.4 trillion, which meant the federal government couldn't rack up more tabs (or borrow more money) — unless they raised or suspended the debt ceiling. Now, after weeks of negotiating, President Biden and the House Republicans reached an agreement to raise the debt ceiling and cut back on spending. The bill was passed by the Senate on Thursday night with a 63 to 36 vote.How will the debt ceiling deal affect you? It's a loaded question, so let's pull back the layers. Here's what to know.What is the debt ceiling?The debt ceiling was created by Congress in 1917 and limits how much the U.S.
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