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Dow, S&P post worst week in months after hawkish Fed spooks investors
By David French (Reuters) - U.S. stocks ended sharply lower on Friday, with the Dow and S&P 500 posting their worst weekly performances in months, after comments from Federal Reserve official James... More
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- NHTSA Checking 10 Deaths Involving Tesla (TSLA) Cars In Last 5 Years
- Amazon (AMZN) Prime Day Preview: 'Uniquely Positioned to Exit This Crisis as One of the Biggest Beneficiaries'
- Largest Boeing 737 MAX model takes off on maiden flight
- Amazon (AMZN) Scales to 3rd Largest Digital Ad Platform - JP Morgan
- $274M in Insider Sales from Previously 2nd Most Important Person at Tesla (TSLA) Should Raise Eyebrows - GLJ Research
- CAI International (CAI) to Be Acquired by Mitsubishi HC for $56/Share, 47% Premium
- Orphazyme (ORPH) has received CRL from the FDA following its review of the new drug application for arimoclomol
- Exclusive: Google's adtech business set to face formal EU probe by year-end - sources
- ArcelorMittal (MT) Sells Remaining 38.2M Shares of Cleveland-Cliffs (CLF), Announces $750M Buyback
- Sykes Enterprises (SYKE) to be Acquired by Sitel Group for $54 Per Share, 31% Premium
- Global equity funds see biggest inflows in three weeks - Lipper
- Docusign Inc. (DOCU) PT Raised to $290 at Wedbush as Checks Indicate Deal Flow is Accelerating
- AMD (AMD) Wins Google Cloud Over to Tau, More Likely to Follow - BofA Securities
- Virtual real estate plot sells for close to $1 million
- Exclusive: General Atlantic-backed Hotmart hires banks for Nasdaq IPO - sources
- Fed funds effective rate now highest since August 2020
- Palantir (PLTR) Announces FAA Selects it for Aircraft Certification Safety Monitoring Solution
- GE (GE) announces effective date of 1-for-8 reverse stock split
- 7 Reasons to Buy Nutanix (NTNX) Today, PT Raised to $46 at BofA Securities
- Exclusive: OPEC told to expect limited U.S. oil output growth, for now - sources
- Boeing (BA) Has Financial Risk Over T-7A Project Delay - Jefferies
- Pre-Open Stock Movers 06/18: (CAI) (SKKE) (GERN) Higher; (ORPH) (ATHA) (CGRN) Lower (more...)
- BofA Fund Manager Survey: 72% Says Inflation 'Transitory', 63% Expect Fed to Signal Taper Aug/Sept, 'Long Commodities' Now the Most Crowded Trade
- People Are Spending More Time Outdoors, Which Will Hurt Netflix (NFLX) This Quarter - KeyBanc
- SEC to close tomorrow in observance of Juneteenth
- Danaher (DHR) To Acquire Aldevron in $9.6 Billion Deal
- CureVac' (CVAC) CVnCoV demonstrated an interim vaccine efficacy of 47% against COVID-19
- Jessica Alba's Honest Company (HNST) Tops Q1 Views But Stock Dips as Growth Slows, Prompts Analyst to Downgrade on High Valuation
- Meme Stock Activity Slowing Down on Reddit, Here are New Stocks to Watch According to BofA
- Classic Rug Pull? Cuban Confirms a Titan Hit After Coin Went from $60 to Near Zero
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Fed-fueled dollar rises as bears make for exits
By Saqib Iqbal Ahmed and Julien Ponthus NEW YORK (Reuters) - The dollar extended its advance against a basket of currencies on Friday, building on the gains logged after the U.S. Federal... More
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Adobe (ADBE) Edges Higher After Topping Q2 Estimates, Analysts Raise PT on 'Impressive' Performance
Shares of Adobe (NASDAQ: ADBE) are up over 3% in pre-market trading Friday after the tech giant reported better-than-expected Q2 earnings.Adobe reported earnings per share of $3.03 to easily... More
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Fed Statement Very Bullish for Tech Stocks, Focus on Cloud and Cyber Stocks - Wedbush
Wedbush analyst Daniel Ives says Feds latest statement on monetary policy is an "all clear for risk-on assets. He sees the statement as very bullish that will provide tech stocks with fuel to continue surging... More
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You Fight Real Physical Inflation With Rate Hikes, Not Talk of Rate Hikes; Buy the Dip in Commodities, Gold Underpriced - Goldman Sachs
Goldman Sachs analyst Jeffrey Currie notes that physical markets are ignorant of the Fed. For him, the recent rally in commodities has been underpinned by strong physical demand and scarcity and not inflation risks... More
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Oil gains on OPEC outlook that U.S. output growth will slow
By Jessica Resnick-Ault NEW YORK (Reuters) -Oil futures rose on Friday, reversing early losses and set for a fourth week of gains after OPEC sources said the producer group expected limited U.S.... More
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Today Marks the Second Largest Single Stock Options Expiration in History ($818B), Names to Watch: HLT, VLO, IBM, GM, GOOGL, CRM
Goldman Sachs analyst Vishal Vivek shares comments on todays massive single stock options expiry. As much as $818 billion of single stock options is set to expire today, the second biggest ever after January this... More
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NVIDIA (NVDA) PT Raised to 'Street High' $900 as BofA Securities Sees Data Center Sales Tripling by 2025
(Updated - June 18, 2021 7:03 AM EDT)BofA Securities analyst Vivek Arya raised the price target on NVIDIA (NASDAQ: NVDA) to a "Street High" $900.00 (from $800.00) on the belief... More
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Largest Inflow to Equities Since March, Investors Continue to Focus on Europe as Tech Outflow Continues - BofA's Flows
BofAs Flow Show showed investors have continued to invest in stocks in the past week with as much as $39 billion flowing into equities. This marks the largest inflow in stocks since March this... More
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PayPal overhauls U.S. rates as payments rivalry heats up
By Anna Irrera and David Henry NEW YORK (Reuters) -PayPal Holdings Inc will lift merchant costs for its branded payment products while cutting those for behind-the-scenes processing of some Visa and Mastercard... More
Friday, June 18, 2021 6:31 PM EDT
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Accesswire
- Marvel Upgrades Its U.S. Listing to the OTCQB
- Applied UV Receives Initial Purchase Orders in Excess of $850,000 from 3Sixty Biopharmaceuticals, its Exclusive Distributor for Airocide(R) Air Purification Systems for the Continent of Africa
- Avidian Announces Upsize and Closing of Second and Final Tranche of $6.6M Oversubscribed Non-Brokered Private Placement
Analyst Comments
- Stifel Upgrades Dynagas LNG Partners (DLNG) to Buy
- OceanaGold Corp. (OGC:AU) (OCANF) PT Raised to Cdn$2.30 at Macquarie
- Regis Resources Ltd. (RRL:AU) (RGRNF) PT Lowered to AUD2.70 at Macquarie
Business Wire
- Prime Day Beauty & Perfume Deals (2021): Early Makeup, Skincare & Cosmetic Deals Tracked by Consumer Articles
- Prime Day Mattress & Bed Frame Deals 2021: Early King Size, Queen Size, Memory Foam, & More Mattress Sales Collated by Retail Fuse
- Prime Day WiFi Router & Mesh WiFi Deals (2021): Top Early Google Nest Wifi System, NETGEAR & Amazon eero Mesh WiFi System Savings Collated by Consumer Articles
Commodities
- Baker Hughes Total U.S. Rig Count Up 9 to 470; Oil Rig Count Up 8 to 373, Gas Rig Count Up 1 to 97
- Exclusive: OPEC told to expect limited U.S. oil output growth, for now - sources
- OPEC Technical Meeting This Week Was Told To Expect U.S. Oil Output To Rise By About 200,000 Bpd This Year - Reuters
Corporate News
- Climate Change Crisis Real Impact I Acquisition (CLII) Will Transfer to Nasdaq Following Completion of Merger with EVgo
- Boeing (BA) Successfully Completes 737 MAX 10 First Flight
- BeiGene (BGNE) Announces China NMPA Approval of BRUKINSA for Treatment of Patients with Relapsed or Refractory Waldenstrom's Macroglobulinemia
Cryptocurrency
- Bitcoin falls 7% to $35,431.15
- Bitcoin Weakness Continues, Down 4.15%
- Bitcoin Hits Low, Down 2.75% at $36,700
Dividends
- Lennar Corp. (LEN) Declares $0.25 Quarterly Dividend; 1% Yield
- Psb Holdings, Inc. (PSBQ) Raises Semi-Annual Dividend 9.5% to $0.23; 1.8% Yield
- Preformed Line Products (PLPC) Declares $0.20 Quarterly Dividend; 1.1% Yield
Earnings
- Globus Maritime (GLBS) Shares Up 13% Following Earnings
- Adobe (ADBE) Edges Higher After Topping Q2 Estimates, Analysts Raise PT on 'Impressive' Performance
- Dynagas LNG Partners (DLNG) Tops Q1 EPS by 17c
Economic Data
- Natural Gas Inventory +16 bcf vs +70 bcf Expected
- Leading Index (May) 1.3% vs 1.3% Expected
- Langer Consumer Comfort 56.2 vs 55.4 Prior
Fed
- Exclusive: Fed's Kashkari opposed to rate hikes at least through 2023
- Fed's Bullard looks to a bond-buying taper not on 'automatic pilot'
- Fed funds effective rate now highest since August 2020
Globe Newswire
- Andrew Peller Limited Reports Change in Board of Directors
- Ketamine One Engages Various Providers of Investor Relations and Media Services
- Canada’s unions elect new leaders to help chart a hopeful post-pandemic future for workers
Hedge Funds
- Credit Suisse (CS) No Longer Provides Softbank Share-Based Loans to Billionaire Masayoshi Son - DJ
- CAS urges At Home investors to reject $37 a share take-private deal
- Michael Burry Warns Retail Traders About the 'Mother of All Crashes' - Bloomberg, Citing Tweets
Market Check
- Nasdaq, S&P 500 Trade Near Low End of Today's
- Bitcoin Weakness Continues, Down 4.15%
- S&P 500 Hits Low, Down 1.1%, Nasdaq Down 0.9%
Mcap MediaWire
- AmpliTech Group, Inc. Announces Closing of Underwriters’ Option to Purchase Additional Shares of Common Stock in Connection with its Underwritten Public Offering
- Top Minds Back Bitcoin for a Fresh Leg (NASDAQ: BTBT) (NASDAQ: MSTR) (OTC US: ISWH) (NASDAQ: OSTK)
- How to Play the Crypto Shakeout (NYSE: SQ) (NASDAQ: OSTK) (OTC US: ISWH) (NASDAQ: BTBT)
Mergers and Acquisitions
- Climate Change Crisis Real Impact I Acquisition (CLII) Will Transfer to Nasdaq Following Completion of Merger with EVgo
- CAS Investment Partners Sends Letter to At Home Group (HOME) Stockholders, Says H&F's Offer Undervalues Company
- CAS urges At Home investors to reject $37 a share take-private deal
Newsfile
- Relay's "State of Cybersecurity" Panel LIVE Tuesday
- Global Crossing Airlines Announces Final Order for Spin-Out of Canada Jetlines and Provides Details on Ex-Dividend Trading
- Quaterra Announces AGM Results, Appointment of Travis Naugle to the Board of Directors, and Drilling Update on MacArthur Copper Project in Nevada
Press Releases
- Prime Day Beauty & Perfume Deals (2021): Early Makeup, Skincare & Cosmetic Deals Tracked by Consumer Articles
- Prime Day Mattress & Bed Frame Deals 2021: Early King Size, Queen Size, Memory Foam, & More Mattress Sales Collated by Retail Fuse
- Prime Day WiFi Router & Mesh WiFi Deals (2021): Top Early Google Nest Wifi System, NETGEAR & Amazon eero Mesh WiFi System Savings Collated by Consumer Articles
Private Company News
- Alphabet's Waymo raises $2.5 billion in funding round
- Apollo (APO)- Backed Shutterfly to Buy Spoonflower for $225 Million - Bloomberg
- MKS Instruments (MKSI) has approached Atotech (ATC) with an acquisition offer - Reuters
PRNewswire
- How Diversity In Dentistry Mentorships Impacts BIPOC Communities
- ProfNet Expert Alerts for June 18, 2021
- Bluerock Total Income+ Real Estate Fund Announces 34th Consecutive Quarterly Distribution at a 5.25% Annualized Rate
Reuters
- Bitcoin falls 7% to $35,431.15
- Wall Street Week Ahead: Fed shift causes rally in value stocks to wobble
- Exclusive: Fed's Kashkari opposed to rate hikes at least through 2023
SEC Filings
- Form EFFECT IAC/InterActiveCorp
- Form S-3 MAMMOTH ENERGY SERVICES,
- Form SC 13G/A Community Bankers Trust Filed by: Fourthstone LLC
SPAC
- Climate Change Crisis Real Impact I Acquisition (CLII) Will Transfer to Nasdaq Following Completion of Merger with EVgo
- Local Bounti to Go Public in $1.1B SPAC Deal via Leo Holdings III Corp. (LIII)
- Local Bounti has agreed to go public through a merger with Leo Holdings III Corp (LIII) - Bloomberg
