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Northwest Pipe (NWPX): Buy, Sell, or Hold Post Q2 Earnings?
StockStory10d agoneutral
Northwest Pipe (NWPX): Buy, Sell, or Hold Post Q2 Earnings?

Northwest Pipe currently trades at $100.49 and has been a dream stock for shareholders. It’s returned 299% since September 2021, blowing past the S&P 500’s 70.6% gain. The company has also beaten the index over the past six months as its stock price is up 38.8% thanks to its solid quarterly results.

Fed is set for first rate hike in three years
Yahoo Finance Video10d agoneutralVIDEO
Fed is set for first rate hike in three years

Scott Melker discusses the odds of the Federal Reserve hiking interest rates at the central bank's September FOMC meeting on Wednesday. This could be the first time Fed officials raise rates since 2023. "The Daily Wolf with Scott Melker" airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto.

Western Digital (WDC): Buy, Sell, or Hold Post Q2 Earnings?
StockStory10d agoneutral
Western Digital (WDC): Buy, Sell, or Hold Post Q2 Earnings?

The past six months have been a windfall for Western Digital’s shareholders. The company’s stock price has jumped 50.5%, hitting $430.84 per share. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

Surging Oil Prices Singe GE Aerospace
The Wall Street Journal10d agoneutral
Surging Oil Prices Singe GE Aerospace

Soaring oil prices are hurting shares of once high-flying aviation suppliers, with engine maker GE Aerospace suffering the brunt of the selloff. Its shares were down about 3% midday at $308.50, extending a nearly weeklong slump for the manufacturer.

Axon Stock Falls On $1 Billion Convertible To Reload War Chest
Investor's Business Daily10d agoneutral
Axon Stock Falls On $1 Billion Convertible To Reload War Chest

Axon Enterprise led S&P 500 losers on Tuesday afternoon after the Taser maker said it will issue $1 billion in 0% convertible notes. The stock reaction appears to penalize Axon far more than the implied dilution, given that the $1 billion sum only amounts to about 2.5% of the current market cap. Convertible bonds can carry risk because they give bondholders an opportunity to demand early repayment in cash if the stock underperforms and appears unlikely to reach its conversion price.

Bessent grilled on the claim that ‘K-shaped economy is over’
Yahoo Finance Video10d agoneutralVIDEO
Bessent grilled on the claim that ‘K-shaped economy is over’

Treasury Secretary Scott Bessent testified before Congress on Wednesday for nearly four hours, fielding questions from lawmakers on inflation, the US economy, tariffs, the federal deficit, and the administration’s economic policies. In the moment above, Rep. Ritchie Torres pressed Bessent on comments he made in a recent interview declaring that “the K-shaped economy is over.” Torres challenged Bessent on whether the economic divide between higher- and lower-income Americans has truly narrowed, even as households continue to face different financial realities.

Bank CEOs: Consumers Are Spending, Including on Movies and Cruises
The Wall Street Journal10d agoneutral
Bank CEOs: Consumers Are Spending, Including on Movies and Cruises

It's all systems go for the American consumer, say bank executives, including strong spending on travel and entertainment. "There is still quite strong spending across the board, and it has just not been changing really at all," said Wells Fargo CFO Mike Santomassimo at an investor conference.