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Schonfeld's flagship fund up 0.5% in the month through April 8
By Carolina Mandl and Svea Herbst-Bayliss NEW YORK, April 11 (Reuters) - Schonfeld's flagship hedge fund Strategic Partners was up 0.5% in the month through April 8, a source familiar with the matter said, navigating a time of great market turbulence with gains.In the year through April 8, Sc...Reuters
Fri, Apr 11
Baltic index logs fourth weekly loss on lower panamax, supramax demand
April 11 (Reuters) - The Baltic Exchange's dry bulk sea freight prices rose slightly on Friday, even as the index marked its fourth straight weekly loss due to lower demand among panamax and supramax vessel segments amid a global trade war.* The main index .BADI, which monitors rates for capesiz...Reuters
Fri, Apr 11
US Banks: JPMorgan, Morgan Stanley rise on Q1 profit beat; Wells Fargo falls
JPMorgan & Chase ** Shares of largest U.S. lender JPMorgan & Chase JPM.N rise more than 3% to $234.11 in choppy trading** JPM reports adj. Q1 profit of $4.91/shr, beating analyst's avg. estimate of $4.61/shr - data compiled by LSEG ** Co reports record equities trading and higher fe...Reuters
Fri, Apr 11
Nasdaq Bear Market: Could Buying Nvidia Today Set You Up for Life?
With the Nasdaq Composite in bear market territory, many stocks look like absolute bargains compared to their previous values. One of those stocks is Nvidia (NASDAQ: NVDA), which has been practically the No. 1 stock to own in the market since 2023.With the stock down around 35% from its all-time hig...The Motley Fool
Fri, Apr 11
Prediction: MercadoLibre Stock Will Beat the Market. Here's Why.
It's been quite a week for the stock market. Although it reached down into bear territory, it has also proven resilient at certain moments. There have been wild swings, and by the time this is published, it could again look a whole lot different.The S&P 500 is the standard market index, but it only ...The Motley Fool
Fri, Apr 11
Evercore calls Verizon top wireless pick on fiber, valuation as it upgrades stock
Investing.com -- Verizon Communications was upgraded to “Outperform” by Evercore ISI, which named it its top pick in the wireless sector, citing improving subscriber trends, fiber growth potential, anInvesting.com
Fri, Apr 11
Newmont surges: UBS turns bullish, hikes gold price forecasts
** Shares of gold miner Newmont Corp NEM.N up 7.5% at $54.75 and on track for fifth straight session of gains on Fri** With move on the session, NEM shares up ~24% on the week, pacing their best week since 1998** Consistent with past major macro shocks (GFC and Covid), gold and gold stocks were init...Reuters
Fri, Apr 11
BofA lifts American Express to Buy on recession resiliency, attractive valuation
Investing.com -- Bank of America (NYSE:BAC) (BofA) upgraded American Express (NYSE:AXP) shares to Buy from Neutral on Friday, noting that the latest market downturn “offers long-term oriented inveInvesting.com
Fri, Apr 11
EXCLUSIVE-China has considered opening its $520 billion ETF market to Western market makers, sources say
China wants to improve trading efficiency and lower costs, sources say Citadel Securities, Jane Street and Optiver may be the first to benefit, sources say Trade war with U.S. could delay official green light from Beijing, sources sayBy Selena Li HONG KONG, April 11 (Reuters) - China has been lo...Reuters
Fri, Apr 11
Chipmakers with US-based manufacturing slump on higher tariff exposure
** Shares of chipmakers with U.S.-based manufacturing facilities fall after Chinese Semiconductor Industry Association's notice on "retaliatory" tariffs makes cos liable for higher levies** Analog chipmakers Texas Instruments TXN.O down 8.2% to $143.87 and Analog Devices ADI.O falls 4.3%...Reuters
Fri, Apr 11
If Trump's Tariff Agenda Has You Afraid to Invest Right Now, Keep This Famous Warren Buffett Quote in Mind
We're just four months into the year and there's already been a multitude of events that have rocked the capital markets.Back in January, a Chinese artificial intelligence (AI) start-up called DeepSeek shook investors to the core as the company claimed to build its models on older, less sophisticate...The Motley Fool
Fri, Apr 11
CANADA STOCKS-TSX opens higher following U.S. bank earnings as tariff turmoil looms
April 11 (Reuters) - Canada's main stock index opened higher on Friday, led by gains in materials stocks, following positive earnings from major U.S. banks including JPMorgan, while investors also assessed the latest escalation in the U.S.-China trade war.At 9:31 a.m. ET (1331 GMT), the Toronto ...Reuters
Fri, Apr 11
US STOCKS SNAPSHOT-Wall Street opens lower as markets assess tariff risks
April 11 (Reuters) - Wall Street's main indexes opened lower on Friday as markets assessed the latest escalation in the trade war, with China increasing its tariffs on U.S. imports to 125%.The Dow Jones Industrial Average .DJI fell 100.2 points, or 0.25%, at the open to 39493.42. The S&P 500...Reuters
Fri, Apr 11
BP warns of weak gas trading and climbing debt
By Shadia Nasralla April 11 (Reuters) - Energy group BP BP.L expects first-quarter gas marketing and trading earnings to be weak while net debt will rise, the company said on Thursday, sending its shares lower.The update offers an early glimpse into BP's quarterly performance at a time when s...Reuters
Fri, Apr 11
Wells Fargo & Co reports results for the quarter ended March 31 - Earnings Summary
Wells Fargo & Co WFC.N reported quarterly adjusted earnings of $1.33 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.26. The mean expectation of eighteen analysts for the quarter was for earnings of $1.24 per share. Wall St...Reuters
Fri, Apr 11
BlackRock Inc reports results for the quarter ended March 31 - Earnings Summary
BlackRock Inc BLK.N reported quarterly adjusted earnings of $11.30 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $9.81. The mean expectation of fourteen analysts for the quarter was for earnings of $10.14 per share. Wall Street ...Reuters
Fri, Apr 11
Morgan Stanley reports results for the quarter ended March 31 - Earnings Summary
Morgan Stanley MS.N reported quarterly adjusted earnings of $2.60 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.02. The mean expectation of seventeen analysts for the quarter was for earnings of $2.20 per share. Wall Street e...Reuters
Fri, Apr 11
JPMorgan Chase & Co reports results for the quarter ended March 31 - Earnings Summary
JPMorgan Chase & Co JPM.N reported quarterly adjusted earnings of $4.91 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $4.44. The mean expectation of eighteen analysts for the quarter was for earnings of $4.61 per share. Wall...Reuters
Fri, Apr 11
Is AT&T Stock a Buy Now?
There's a lot of uncertainty in the stock market and the U.S. economy right now, and that's probably putting it lightly. As the Trump administration implements new tariffs, businesses and consumers are prepping for price increases and supply chain disruptions, and recession fears are as high as they...The Motley Fool
Fri, Apr 11
