By Sheraz Mian
Of the six members of ‘The Magnificent 7’ group of stocks that have reported September-quarter results already, the market didn’t like three.
What a long, strange trip it’s been for some analysts since the summer of recession forecasts turned into yesterday’s robust 2.8% rise in third-quarter GDP.
Every year of Biden’s term has been significantly different from the historical average.
The $12.21 annual dividend yields 6.72%, as of Friday’s closing price.
With the world’s markets currently orbiting the U.S. election and a Fed rate decision around the corner, Monday is primed for a frenzy of position adjustment as investors gobble up every new poll, prediction, and betting line like popcorn.
The Advance/Decline trend on the NYSE weakened; the Nasdaq A/D line is outright scary.
Emotional currency depletes the equity stored in rational thinking.