Tuesday Sector Leaders: Financial, Services
<div>The best performing sector as of midday Tuesday is the Financial sector, higher by 0.9%. Within that group, Comerica, Inc. (Symbol: CMA) and Zions Bancorporation, N.A. (Symbol: ZION) are two of the day's stand-outs, showing a gain of 5.0% and 4.2%, respectively. Among financi</div>
Tuesday Sector Laggards: Healthcare, Consumer Products
<div>Looking at the sectors faring worst as of midday Tuesday, shares of Healthcare companies are underperforming other sectors, showing a 0.8% loss. Within that group, Illumina Inc (Symbol: ILMN) and Merck & Co Inc (Symbol: MRK) are two large stocks that are lagging, showing a</div>
Bitcoin Spikes Higher, Forming Double Bottom Pattern: A Technical Look At The Apex Crypto
Bitcoin (CRYPTO: BTC) was popping up almost 4% during Tuesday’s 24-hour trading session after bouncing off the $25,400 level earlier in the trading session.
The apex crypto reacted similarly to that level during Monday’s trading session, suggesting the area is a solid support zone and causing Bitcoin to form a double-bottom pattern.
A double-bottom pattern is a reversal indicator that shows a crypto has dropped to a key support level, rebounded, back-tested the level as support, and is likely to
Why Luminar Stock Is Rising Today
Luminar Technologies, Inc. (NASDAQ: LAZR) shares are up Tuesday after the company announced a partnership for LiDAR and AI-based assisted driving software for trucking with Plus, a global provider of highly automated driving and fully autonomous driving solutions.
What To Know: Per the agreement, Luminar will offer support to PlusDrive, Plus's factory-installed assisted driving system for commercial vehicles, by exclusively providing mid- to long-range lidar. In return, Plus will be the exclusi
Tuesday 6/6 Insider Buying Report: IBRX, FSCO
<div>Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned cash to make a purchase, is that they expect to make money. Today we</div>
Venture-Capital Firm Sequoia to Separate China Business
<div>Sequoia told its investors it would split into three independent partnerships that would be distinct firms with separate brands.</div>
Why Ciena Stock Is Trading Down Today
Ciena Corporation (NYSE: CIEN) shares are down Tuesday despite better-than-expected second-quarter financial results.
What To Know: Adjusted earnings per share came in at 74 cents per share, versus estimates of 61 cents. Sales of $1.13 billion beat the $1.09 billion estimate.
Ciena increased Total Networking Platforms revenue by 24.6% year-over-year to $914.9 ...Full story available on Benzinga.com
Why AMC Networks Stock Dropped, Then Popped Today
After initially getting spooked by an analyst downgrade, investors flocked back to buy shares of cable and streaming TV company AMC Networks (NASDAQ: AMCX), sending the shares up 2% through 1:20 p.m. ET.</div>
Bullish Two Hundred Day Moving Average Cross - FOXA
<div>In trading on Tuesday, shares of Fox Corp (Symbol: FOXA) crossed above their 200 day moving average of $32.41, changing hands as high as $32.74 per share. Fox Corp shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of FOXA sh</div>
Why AMC Networks Stock Dropped, Then Popped Today
After initially getting spooked by an analyst downgrade, investors flocked back to buy shares of cable and streaming TV company AMC Networks (NASDAQ: AMCX), sending the shares up 2% through 1:20 p.m. ET.The streaming company, best known for airing such hit series as Breaking Bad, Mad Men, and The Walking Dead, got hit with a downgrade to underweight (i.e., sell) by investment bank Morgan Stanley this morning. That explains why the stock sold off early today.But why are investors now buying AMC s
American Homes 4 Rent's SERIES H PREFERRED SHARES Yield Pushes Past 6.5%
<div>In trading on Tuesday, shares of American Homes 4 Rent's 6.25% SERIES H CUMULATIVE REDEEMABLE PERPETUAL PREFERRED SHARES (Symbol: AMH.PRH) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.5625), with shares changing hands as low as $24.01 on</div>
SEC Sues Coinbase in Latest Move Against Crypto
<div>The regulator said the U.S.’s largest crypto platform violated rules that require it to register as an exchange and be overseen by the federal agency.</div>
Guru Fundamental Report for INVH - Martin Zweig
<div>Below is Validea's guru fundamental report for INVITATION HOMES INC (INVH). Of the 22 guru strategies we follow, INVH rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating</div>
Guru Fundamental Report for MDGL
<div>Below is Validea's guru fundamental report for MADRIGAL PHARMACEUTICALS INC (MDGL). Of the 22 guru strategies we follow, MDGL rates highest using our Quantitative Momentum Investor model based on the published strategy of Wesley Gray. This momentum model looks for stocks with st</div>
Guru Fundamental Report for H
<div>Below is Validea's guru fundamental report for HYATT HOTELS CORPORATION (H). Of the 22 guru strategies we follow, H rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also</div>
Guru Fundamental Report for AES
<div>Below is Validea's guru fundamental report for AES CORP (AES). Of the 22 guru strategies we follow, AES rates highest using our Multi-Factor Investor model based on the published strategy of Pim van Vliet. This multi-factor model seeks low volatility stocks that also have strong</div>
SEC's Coinbase Complaint Sets Off Battle for Crypto's Future
<div>A wide-ranging regulatory complaint goes well beyond what constitutes a security.</div>
7,376 ETH Worth $13M Was Just Burned
What happened: On Monday a total of 7,376.40 Ether (CRYPTO: ETH) worth $13,835,981, based on the current value of Ethereum at time of publication ($1,875.71), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.
Why it matters: On August 5th, 2021, the Ethereum blockchain implemented ...Full story available on Benzinga.com
House Ag Committee looks at digital assets regulatory bill, Dems ask how to pay for it
<div><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-06/a6cd7171-f647-4cd2-adf4-8a85f6b0eb8d.jpg"></p><p>The full Agriculture Committee heard testimony from CFTC chair Rostin Behnam, a full roster of former regulators and Coinbase’s chief legal officer. </p></div>
Why Shares of Outlook Therapeutics Rose Tuesday
Shares of Outlook Therapeutics (NASDAQ: OTLK) were up 6.3% early Tuesday afternoon after rising as much as 16% earlier in the day. The stock went past $2 a share, reaching a 52-week high in the morning at $2.03 before falling back. It was the second consecutive day the healthcare stock reached a 52-week high, as it climbed to $1.895 on Monday.The clinical-stage biotech is awaiting a key prescription drug user fee action date (PDUFA) on Aug. 29 for ONS-5010 (bevacizumab) to treat wet age-related