Summary Oil prices are coming down and are starting to reduce the pricing pressure that had been building in the economy, at least for now. A barrel of benchmark crude oil, West Texas Intermediate, is now fetching $80 at the New York Merc. That’s up a bit from $68 two weeks ago, but down from…
James Kelleher, CFA Director of Research & Senior Analyst Technology Jim has worked in the financial services industry for over 25 years and joined Argus in 1993. He is director of research at Argus and a member of the Investment Policy Committee. Jim has been instrumental in building Argus’ proprietary valuation models, which are a…
Summary BlackRock provides investment management, risk management, and advisory services for institutional and retail clients worldwide. Its range of products includes separate accounts, mutual funds, the iShares franchise of ETFs, and other pooled investment vehicles. Assets under management were $15 trillion as of June 30, 2026. iShares is a global lead
Summary Based in Pittsburgh, PNC provides a range of retail and commercial banking, residential mortgage lending, and asset management services. It has operations in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Alabama, Virginia, Missouri, Georgia, Wisconsin, and South Carolina.
Summary While the S&P 500 and S&P 100 continue to close in on their early June all-time highs, the Nasdaq 100 (QQQ) remains in a triangle, getting closer and closer to the apex. With all the wild moves within technology, it is surprising that the QQQ price range is tightening as the ETF puts in…
Stephen Biggar Director of Financial Institutions Research Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and…
Summary The major indices are higher at midday. More big banks reported this morning, and overall results remain good. Inflation on the wholesale side slowed more than expected last month following good news on the consumer side yesterday. Crude oil is at $78 per barrel. The yield on
A broad selloff hit AI-linked hardware and chip stocks on Wednesday as investors locked in gains from a months-long rally and questioned how long red-hot demand for AI infrastructure can support current valuations. Dell Technologies Inc (NASDAQ:DELL) fell as much as 12%, touching a session low of $397.69, after a report that Meta Platforms is…
Robinhood’s next earnings surprise may have little to do with stocks or crypto. Heading into its second-quarter report at the end of July, the trading platform is likely seeing a sharp acceleration in prediction-market activity, according to Fundstrat’s Sean Farrell. In a new interview with Coinage, Farrell estimated that the growth in the new trading…
By Sinéad Carew and Danilo Masoni NEW YORK/ MILAN, July 15 (Reuters) – MSCI’s global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong earnings reports while oil futures turned lower even as U.S.-Iran hostilities showed no signs of abating. U.S. producer prices were…
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