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More FedEx MD-11 cargo jets return to service, others are retired
FreightWaves97d agoneutral
More FedEx MD-11 cargo jets return to service, others are retired

FedEx is slowly redeploying its fleet of MD-11 aircraft that were grounded for seven months following the fiery crash of a UPS freighter, but has also decided to retire 10 aging aircraft. The post More FedEx MD-11 cargo jets return to service, others are retired appeared first on FreightWaves.

Got $2,500? 1 Unstoppable Dividend Aristocrat With an Ironclad Moat to Buy
24/7 Wall St.97d agobullish
Got $2,500? 1 Unstoppable Dividend Aristocrat With an Ironclad Moat to Buy

Abbott Laboratories (NYSE:ABT) is a stock with characteristics suited to multi-decade ownership, because its four-segment healthcare engine, 54 consecutive years of dividend increases, and recession-resistant end markets give a retirement-focused portfolio something rare: cash compounding that does not require monitoring. Pillar One: Durability Built Into the Business Model Abbott’s revenue flows from four distinct segments ... Got $2,500? 1 Unstoppable Dividend Aristocrat With an Ironclad Moat

An Analyst Says the FedEx Selloff Is a ‘Misinterpretation’ and the Revenue Beat Is Getting Buried
24/7 Wall St.97d agoneutral
An Analyst Says the FedEx Selloff Is a ‘Misinterpretation’ and the Revenue Beat Is Getting Buried

The day after FedEx (NYSE:FDX) reported, the stock is down again, and an analyst on CNBC’s Closing Bell Overtime spent his segment trying to convince viewers that the people selling are reading the wrong line of the income statement. The shares finished the prior session lower and slid another 1.83% in Wednesday’s session to $311.43, ... An Analyst Says the FedEx Selloff Is a ‘Misinterpretation’ and the Revenue Beat Is Getting Buried

Wells Fargo’s Scott Wren to Retail Investors: Don’t Chase the Rally, Be Ready to Pounce on Dips
24/7 Wall St.97d agobullish
Wells Fargo’s Scott Wren to Retail Investors: Don’t Chase the Rally, Be Ready to Pounce on Dips

Scott Wren, senior global market strategist at Wells Fargo Investment Institute, went on CNBC this morning with a message for retail investors. The Federal Reserve has flipped from an easing bias to a tightening bias, and Wren wants investors to treat the resulting wobble as an invitation rather than a warning shot. “You don’t want ... Wells Fargo’s Scott Wren to Retail Investors: Don’t Chase the Rally, Be Ready to Pounce on Dips

Nancy Pelosi Stock Tracker Highlights A Congressman's EQT Buy And A Major Pipeline Decision
Benzinga97d agobullish
Nancy Pelosi Stock Tracker Highlights A Congressman's EQT Buy And A Major Pipeline Decision

A recent purchase of EQT Corp. by a member of the House Energy and Commerce Committee is drawing attention after the Nancy Pelosi Stock Tracker account noted the committee oversees the federal agency responsible for regulating natural gas pipelines. Pipeline Approvals In Focus The trade was made by Rep. Thomas Kean Jr. (R-N.J.), who serves on the House committee that has oversight of the Federal Energy Regulatory Commission (FERC). Don’t Miss: A single bad hire can set a startup back years. Here

Why I Can’t Stop Buying This 136-Year-Old Dividend King
24/7 Wall St.97d agobullish
Why I Can’t Stop Buying This 136-Year-Old Dividend King

I keep buying Coca-Cola while half of Wall Street treats every consumer staple like it has a fuse on it. The June panic over a softening jobs report, decelerating GDP growth, and credit card delinquencies spiking as U.S. consumer debt levels hit a generational breaking point has pushed momentum traders out of anything that touches ... Why I Can’t Stop Buying This 136-Year-Old Dividend King

BofA flips the script with bombshell Fed interest-rate outlook
TheStreet97d agoneutral
BofA flips the script with bombshell Fed interest-rate outlook

Bank of America Global Research economists expect the Federal Reserveto raise interest rates three times this year due to Chair Kevin Warsh’s more hawkish stance and the nation’s overall economic resilience despite the Iran War. BofA revised its forecast after the Fed left the benchmark federal ...

How the US Dollar Got Its Mojo Back
Barrons.com97d agoneutral
How the US Dollar Got Its Mojo Back

The U.S. dollar has separated from the pack, rising to the highest levels in more than a year and building on gains again Wednesday, as investors use the greenback as a sanctuary from risks tied to the global tech selloff and calibrate the impact of expected Federal Reserve interest-rate hikes over the back half of the year. There also was little change in Fed forecasts with futures indicating a 60% chance of a rate hike in September. Charalampos Pissouros, senior market analyst at XM, thinks the dollar rally is extending beyond the Fed funds trade.

Investing.com97d agoneutral
Absci, FuelCell Energy surge premarket; Cerebras, FedEx tumble

Investing.com - U.S. stock index futures were mixed on Wednesday, with the S&P 500 and Nasdaq edging higher after a bruising two-day selloff in technology and semiconductor shares. Investors were also looking ahead to earnings from memory chipmaker Micron for fresh clues on the outlook for artificial intelligence-related demand.