Numis FY 2022 Pretax Profit Fell on Deteriorating Market Conditions

Numis FY 2022 Pretax Profit Fell on Deteriorating Market Conditions

By Michael Susin Numis Corp. said Thursday that pretax profit for fiscal 2022 fell amid deteriorating market conditions, but added that its merger and acquisitions business remains strong. The investment banking group reported pretax profit for the year ended Sept. 30 of 20.8 million pounds ($25.4 million), compared with GBP74.1 million in the prior year. … Read more

What’s Going on With the Housing Market?

List two articles (2 minutes) Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much about where the market goes next. By many measures, the housing market entered a sharp slump this summer after the Federal Reserve abruptly ended a real-estate boom … Read more

MongoDB, Tesla, Smith & Wesson, and More Market Movers

Stocks were lower Wednesday following a fourth straight day of losses for the S&P 500 that came as economic data raised fears the Federal Reserve will keep interest rates higher for longer than expected in its effort to cool inflation. Here are some stocks that could make moves Wednesday:

NRG Energy to Buy Vivint Smart Home for $2.8 Billion

Markets Deals NRG will look to cross-sell and bundle the two companies’ energy and home-security products

Bank of America stock plunges, leading selloff in shares of largest US banks

Shares of many of America’s largest banks are falling sharply this week after a period of outperformance that saw Goldman Sachs Group GS, -2.32% claw back practically all of its losses from earlier in the year. Shares of Bank of America Inc. BAC, -4.26% shares were down 5.5% Tuesday afternoon at $32.57, their lowest level … Read more

4 Things to Know About Textron’s Helicopter That Won $80 Billion Army Contract

Textron stock soared Tuesday after the defense company won a contract worth up to $80 billion to build a new helicopter for the Army. Word of the award came late Monday. The Army is turning two Textron (ticker: TXT) subsidiary Bell Helicopter for a new long-range assault helicopter—the Bell V-280 Valor—that will replace the service’s … Read more

AMD and 4 More Chip Stocks to Buy That Have ‘Priced In’ the Downturn

Advanced Micro Devices and four other chip stocks are considered buying opportunities by KeyBanc Capital Markets after the semiconductor sector’s big drop in share prices this year. The iShares Semiconductor (ticker: SOXX) exchange-traded fund, which tracks the performance of the ICE Semiconductor Index, is down 30% this year. On Monday, the ETF fell 1.3%; the … Read more

$3,000 gold and more outrageous market predictions investors shouldn’t brush aside.

Monday served as another smackdown for investors who are banking on a Goldilocks economy and a less aggressive Fed. Some are now not ruling out a Grinch-like turn from the central bank — a 0.75% hike next week instead of the 0.50% markets have been pinning hopes on — following strong data on services, jobs … Read more

Salesforce, Textron, GitLab, and More Market Movers

Stock futures were rising modestly Tuesday after equities fell sharply in the previous session as strong economic data cast doubt on whether the Federal Reserve can slow down its pace of interest rate hikes. These stocks could make moves Tuesday:

10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023

Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats. That’s followed by a list of Aristocrats with the highest dividend yields. First, let’s define this group of stocks. Holding up … Read more