ETF Sector Rotation – Part 2
by Leslie N. Masonson, MBA Last week’s Part 1 September 30 article provided background on Fidelity’s select sector mutual fund since its 1981 inception, as well as State Street Global Advisors’ (SSgA) ETF sector funds introduction in 1998. The listing of Fidelity and SSgA sectors with their tickers were provided. This article will cover sector performance and a handful [...]
Levi Strauss Falls on Concerns of Weak Consumer Spending: Should You Buy, Sell, or Hold This Stock?
Shares of Levi Strauss (LEVI) are trading lower in Friday's pre-market trading session after the clothing manufacturer delivered lackluster third-quarter earnings coupled with an unoptimistic full-year outlook. The company saw weakened consumer spending for the quarter which led to a 1% drop in sales to $1.51 billion. This fell short of the Wall Street expectation of $1.54 billion. However, [...]
ConAgra Foods Falls on Weak Sales Despite Upbeat Profits: 2 Reasons it May Be Time to Sell
Shares of ConAgra (CAG) are down a few percentage points in pre-market trading this Thursday morning after the food brands company reported a mixed bag for its fiscal first-quarter earnings. The parent company of brands like Slim Jim, Hunt’s Duncan Hines, and more reported a profit of $319.7 million, or 67 cents a share. This was a dramatic improvement [...]
Booz Allen is the Latest AI Company to Get an Upgrade, But the Timing May Not Be Right Yet…
Booz Allen Hamilton (BAH) is among many other AI stocks to make headlines recently. The consulting services firm got a boost after a Bank of America upgrade from neutral to buy. The firm raised its price target from $110 to $130. The AI company shares its data with the military and intelligence industry. It helps businesses and government organizations [...]
WeWork Falls 22% After Foregoing Bond Interest Payments: 3 Other Reasons It’s Time to Sell
Shares of WeWork (WE) have been in a complete free-fall for the past year and it’s only getting worse. The stock has fallen more than 22% in Tuesday morning’s trading session after the company decided to forego bond interest rate payments despite having the means. The company is withholding $37.3 million in cash and $57.9 million in in-kind payments [...]
Nio Falls 3% Despite 75% Increase in 3rd Quarter Deliveries – It May Be Time to Sell This Stock
Chinese electric automobile manufacturer Nio Inc. (NIO) was working towards a 5-day win streak on the stock market after reporting 3rd quarter earnings. But so far, the performance has been anything but positive. News of the company’s performance for the recent quarter sent shares more than 3% lower in Monday morning’s trading session thus far. The company was eager [...]
