The U.S. stock market closed on a positive note, as the Dow Jones Industrial Average (DJIA) achieved its longest winning streak in over six years, as reported by Dow Jones Market Data. The DJIA recorded a gain of approximately 184 points, or 0.5%, concluding near 35,411, according to preliminary FactSet data. This impressive run of 11 consecutive sessions of gains marks the … [Read more...] about US Stocks Extend Winning Streak with Dow’s Longest Run in Six Years
Forex News
The Reckoning for Commercial Real Estate
Big-time landlords are facing a reckoning as they begin to surrender struggling properties to lenders. This marks a significant shift from just a few years ago when these properties were fetching sky-high values amid super-low interest rates. This surrendering of properties is considered by many to be the start of a major test of confidence for the estimated $20.7 trillion … [Read more...] about The Reckoning for Commercial Real Estate
Corporate Insiders Turn Bearish
Corporate insiders have recently shown a significant increase in bearish sentiment, marking a departure from previous years. According to Nejat Seyhun, a renowned finance professor at the University of Michigan, the percentage of companies experiencing net insider buying dropped to 12% as of July 21, significantly lower than any other month in the past decade. On average, the … [Read more...] about Corporate Insiders Turn Bearish
Alaska Air Group Reports Strong Q2 Results
Seattle-based airline Alaska Air Group announced its financial results for the second quarter, showcasing impressive revenue growth and increased travel demand. The company reported a profit of $240 million, or $1.86 per share, compared to $139 million, or $1.09 per share, in the same period last year. Analysts had anticipated a profit of $2.66 per share, but Alaska Air … [Read more...] about Alaska Air Group Reports Strong Q2 Results
Packaging Corp. of America Reports Strong Q2 Earnings
Packaging Corp. of America (PKG) experienced a rise in stock price following their second-quarter earnings report, in which they exceeded analysts' expectations. The company reported earnings of $2.31 per share, surpassing the estimated $1.93 per share. One of the main contributors to this positive outcome was the reduction in operating costs and freight and logistics expenses, … [Read more...] about Packaging Corp. of America Reports Strong Q2 Earnings
