Well-run banks remain good long-term bets.
: Bed Bath & Beyond bankruptcy: These retailers could pick up the company’s bones
There will be opportunities for brick-and-mortar retailers in the wake of Bed Bath & Beyond’s bankruptcy, says analytics company Placer.ai.
Movers & Shakers: PacWest leads regional bank rally. Berkshire Hathaway, Dish, AMC, Tyson and other stocks on the move.
PacWest extended Friday’s gains Monday, after announcing plans to reduce its dividend.
: Zscaler stock soars 20% as company raises its forecast far above expectations
Zscaler shares were rocketing in premarket trading Monday after the company said that it expects to report better-than-expected results for its April quarter.
Futures Movers: Crude-oil prices tally a gain of more 2% as recession fears ease
Oil futures tack on more than 2% on Monday after U.S. benchmark prices snapped a four-day losing streak at the end of last week.
Metals Stocks: Gold prices climb, building on last week’s advance
Gold prices rose on Monday, building on last week’s gains as expectations that the Federal Reserve has finished hiking interest rates have added another tailwind to the yellow metal’s rally.
Bond Report: Treasury yields rise after Fed survey shows banks reported tighter lending standards; inflation data looms
The 2-year Treasury yield rises on Monday, extending the gain seen at the end of last week following a stronger-than-expected April jobs report.
Need to Know: Five regional banks and an ETF that are ready to soar, says Fundstrat.
We’ve got a bold call of the day, from the founder of Fundstrat Global Advisors, Thomas Lee, who says investors have a few weeks to profit off some banks.
Market Snapshot: Stocks end mixed ahead of inflation data
The week got off to a cautious start as investors waited for economic data, but a small gain for the Nasdaq saw the index meet the criteria for exiting a bear market.
Kelley Blue Book: ‘A used-car factory shutdown’: How the used-car market could get worse for buyers and what could reverse that pattern
There’s a shortfall of some 8.1 million cars that are not reaching the used market today, and used car inventories are near the lowest levels in over a decade.
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