Wayne Duggan, Author at Spark Newswire

2 minute read

Billionaire Charlie Munger Reveals Key To Wealth, Health And Happiness: Conquer 1 Basic Human Emotion

May 15, 3:26 PM

Throughout almost a century of life experience, billionaire and Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) vice chairman Charlie Munger has discovered the secret to a happy, healthy, wealthy life is learning to re

BRK-A

2 minute read

Biden Optimistic About Debt Ceiling Deal Ahead Of Key Tuesday Meeting, But Republicans Aren’t Buying It

By Wayne Duggan

May 15, 1:59 PM

The biggest catalyst for the SPDR S&P 500 ETF Trust (NYSE: SPY) in the next few weeks could easily be a U.S. debt ceiling deal between President Joe Biden and House Republicans.

SPY

2 minute read

Las Vegas Room Rates Up 30% Since 2019: Should Investors Roll The Dice On Casino Stocks?

By Wayne Duggan

May 15, 1:56 PM

Gaming stocks have performed well in 2023 as Las Vegas travel trends have normalized and Macau gaming has surged following the lifting of China's COVID-19 restrictions. Casino fundamentals remain positive heading into the summer travel season, according to Bank of America analyst Shaun Kelley.

CZR

2 minute read

Sarepta Therapeutic Shares Surge 25% Following Favorable Gene Therapy Vote; Analyst Anticipates Huge Earnings Swing In 2024

By Wayne Duggan

May 15, 11:09 AM

Sarepta Therapeutics Inc (NASDAQ: SRPT) shares jumped nearly 24% on Monday morning after a panel of experts voted last Friday in favor of the company's DMD gene therapy for accelerated approval in treating patients with Duchenne muscular dystrophy (DMD).

SRPT

2 minute read

US Economy Fires Mixed Signals With Lower Inflation, Slumping Consumer Sentiment: More Economic Updates Just Around The Corner Next Week

By Wayne Duggan

May 12, 4:00 PM

The SPDR S&P 500 ETF Trust (NYSE: SPY) struggled for direction this week following the release of encouraging inflation data and a weaker-than-e

BABA

2 minute read

Clean Energy Analyst Names Top 4 Stock Picks, Prefers ‘Simple Stories And Stocks With Structural Tailwinds’

By Wayne Duggan

May 12, 3:07 PM

Clean energy stocks are off to a shaky start to 2023, but Bank of America analyst Julien Dumoulin-Smith named his four top clean energy stock picks on Friday.

ARRY

2 minute read

It’s Been 70 Years Since A President With Unemployment At 3.4% Had Approval Ratings As Low As Biden’s

By Wayne Duggan

May 12, 1:54 PM

President Joe Biden's first term in office has been a unique one from an economic perspective, and Biden now finds himself in a situation that no other U.S. president has faced since 1952.

SPY

2 minute read

How Has The Stock Market Historically Performed Once Inflation Peaked?

By Wayne Duggan

May 12, 10:52 AM

The consumer price index (CPI) grew just 4.9% year-over-year in April, down from a peak of 9.1% back in June 2022. With the U.S.

SPY

2 minute read

Fox Earnings Preview: How Much Will Dominion Settlement, Tucker Carlson Departure Impact Fox’s Bottom Line?

By Wayne Duggan

May 8, 3:19 PM

Fox Corp (NASDAQ: FOXA) (NASDAQ: FOX) is set to report fiscal third-quarter earnings on Tuesday morning before the market open, and investors will likely be watching closely to see what the company has to say about its recent $787 millio

FOX

2 minute read

Does This Regional Bank Rally Have Legs? Here Are The Top Stock Picks From BofA

By Wayne Duggan

May 8, 12:24 PM

PacWest Bancorp (NASDAQ: PACW) rallied another 6% on Monday after the bank slashed its dividend to 1 cent per share on Friday and reassured investors that its business is "fundamentally sound." The rally in other bank stocks that started on Friday ran out of steam on Monday, and some investor

EWBC