Albemarle Responds to Plummeting Lithium Prices With Dramatic Cuts: Will it Be Enough to Save ALB?
Albemarle (ALB) dropped more than 3% to start Wednesday’s trading session after announcing its efforts to cut costs in response to plummeting lithium prices. Shares have since recovered and are now down just over 1%. The American chemicals manufacturing company is on a mission to lower its costs by nearly $100 million annually, and it’s looking to achieve half [...]
What is Range Trading Strategy? The Best Strategies for Trading Ranges
Range trading strategy is often overshadowed by its more flamboyant counterparts like day trading or swing trading, but it’s a lucrative, thrilling approach to investing in its own right. What is range trading strategy, though? It's not about chasing the latest market craze or jumping on a bullish trend; it's about identifying stocks playing a rhythmic dance between set price [...]
Morgan Stanley is Falling After a Favorable Earnings Day, But the Stock is Still a BUY: 3 Reasons Why
Morgan Stanley (MS) reported its fiscal 4th quarter earnings today before the market opened, and despite beating revenue forecasts, the stock is down more than 3% Tuesday morning. Revenue of $12.9 billion was a 1.2% improvement year over year, beating the FactSet consensus of $11.93 billion handsomely. Key segments in this performance were investment banking revenue (up 5%) and [...]
Kraft Foods Has Gained 20% in the Past Few Months: Why Now Might be the Time to Buy KHC
2023 was a tough year for Kraft Foods, or The Kraft Heinz Company (KHC). The company and its peers struggled compared to the rest of the market, with KHC in particular seeing a 9% drop. However, things began to turn towards the end of the year. This stock has rallied nearly 20% in the past 3 months, and there’s [...]
ETF Portfolio Review Basics
by Leslie N. Masonson, MBA Investing in an ETF is easy with the wide availability over 3,200 and many easy-to-navigate automated brokerage trading platforms offering zero commissions. The key question is whether or not you’ve done your homework to know what you are buying. Make sure you spend sufficient time reviewing the ETF’s objective, costs, benchmark, portfolio, short- and [...]
Wells Fargo is Falling After Provisioning Higher Loan Losses, But the Stock is Still a Buy: 3 Reasons Why
Wells Fargo (WFC) reported 4th quarter results this Friday morning that sent the share price slightly lower, as there is concern regarding a big jump in credit loss provisions. The California-based bank bolstered its reserves by 34%, specifically increasing the allowances for credit losses in credit card and commercial real estate loans. This was offset by a decrease in [...]
