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After a springtime rebound trade dominated by mega-cap growth names, Wells Fargo now says it's time to take a second look at small-cap stocks, which have been hit hard from the pandemic shutdowns in the U.S. Equity strategist Christopher Harvey said in a note published Wednesday that he upgraded small-cap stock to an overweight rating given their multiyear underperformance, the favorable credit market outlook and a more optimistic macroeconomic outlook as more business reopen., they believe will outperform the broader market over the next 12 months.
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Fed should lift caps to buy as much corporate bond ETFs as it wants, says BofAThe Federal Reserve should remove ceilings on its purchases of corporate bond exchange-traded funds to deliver on market expectations that it would scoop up hundreds of billions worth of such debt to keep credit flowing to a broad spectrum of U.S. companies during the pandemic. Get fucked Great idea until some of those companies start going bankrupt. Enter the Universal Bond Bailouts... Can I use my UBI to invest in companies getting UBB?
Source: MarketWatch - 🏆 3. / 97 Read more »
Cord Cutting to Accelerate, But No 'Doomsday' for Cable Financials, Analyst SaysWells Fargo analyst Jennifer Fritzsche says cord cutting 'will kick into high gear during and on the other side of COVID-19,' but finds that the financial impact 'does not spell Doomsday' for cable companies. More details:
Source: THR - 🏆 411. / 53 Read more »
Trump Unveils Plan To Cap Insulin Costs For Seniors, Takes Jabs At BidenSome polls show Trump's support slipping among seniors. His new plan will help diabetic seniors limit insulin costs to $35 per month, starting next year. I.e. only for seniors & only for seniors eligible for & enrolled in Medicare How many people who need insulin daily to survive are not eligible ? Why is this such a limited “pilot”? Socialism to the rescue! Thank you Big Government! What’s the catch?
Source: NPRHealth - 🏆 144. / 63 Read more »
Trump announces reduced cost of insulin for diabetic seniors on MedicarePresident Trump announced an agreement to slash out of pocket costs of insulin for Medicare recipients, capping costs at $35 per month, with some plans offering it for free. HE LIES! Why not for everybody? It cost pennies to make So will Trump start taking insulin now because he thinks its good idea? StableGenius 😂😂
Source: NBCNews - 🏆 10. / 86 Read more »
Nabilah Islam Gave Up Her Health Insurance to Run for Congress. Now What?The Georgia candidate on what it's like to run an unprecedented campaign in unprecedented times.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »