Mister Car Wash (NYSE:MCW) had its price target dropped by investment analysts at Morgan Stanley from $21.00 to $20.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target would suggest a po
One day before Kinder Morgan Inc. (NYSE: KMI) was very likely to shut down its project to expand the Trans Mountain pipeline system, the government of Canada agreed to purchase the existing pipeline system and the expansion project for C$4.5 billion (about US$3.46 billion).
The Canadian government, however, has no intention of owing the pipeline system for the long term. According to Tuesday’s announcement, Canada has agreed to fund the resumption of planning and construction work on the expansion project under a separate federal government recourse credit facility until the transaction....More>>>
Towards the end of April, I made the argument that Stanley Black & Decker (NYSE:SWK) was undervalued, and that a long position on the stock would make sense for would-be investors, given robust growth in both dividends and earnings.
Fast forward to today, and we see that the stock has continued to fall further since then:
In this regard, does this make Stanley Black & Decker more attractive from a valuation standpoint, or are investors catching a proverbial “falling knife”?
Firstly, a significant reason for the decline in price will have been market-related.
Mexico’s peso and Canada’s dollar are vulnerable to short-term weakness as talks drag on to salvage the North American Free Trade Agreement, with big swings only likely if a deal is reached quickly or the accord is scrapped altogether, according to Morgan Stanley.
Mexico’s currency could drop 10 percent if the deal is terminated, strategists including Michael Zezas wrote in a note Friday. On the other side of tail risks, if the pact is agreed to and signed this year, they would expect the peso to strengthen about 5 percent.
Question: I want to invest in an IRA in addition to my 401(k) so I can buy some individual stocks, but I make too much to qualify for the traditional IRA deduction or to make a Roth IRA contribution. Is it worth making a non-deductible traditional IRA contribution?
Answer: The short answer is “probably not.”
To bring readers up to speed, anyone who has earned income can contribute to a traditional IRA, regardless of their income level. However, if you earn more than a certain threshold and can participate in an employer’s retirement plan such as a 401(k), you....More>>>
President Trump could soon kill a major trade deal with Mexico and Canada if huge compromises aren’t made this week.
Round 6 of the renegotiation of NAFTA, the pact between Mexico, Canada and the U.S., starts Tuesday in Montreal, Canada.
No major progress has been made on key issues through the first five rounds. Only one more round after this week is scheduled, and Trump continues to repeat his threat that if he doesn’t get the deal he wants, he’ll withdraw.
“It’s going to be the decisive round,” says Scott Sinclair, senior fellow....More>>>
We all know that the overall earnings picture has been very strong, though the ongoing resurge in Covid infections has started weighing on near-term economic outlook, with estimates of Q3 GDP growth sharply coming down in recent days.
The quickly spreading delta variant of COVID-19 continued to spook investors, and Thursday’s unemployment claims data – which showed first-time applicants fell by 29,000 last week to a pandemic-low 348,000 filings –
A spate of positive developments may be helping to keep AMC Entertainment (NYSE:AMC) stock steady. But should investors take this as a sign that it’s wise to buy in now, ahead of this “meme stock” favorite of the Reddit trading community surging higher once again?