Analysts at Guggenheim Partners had not rescinded their initial outlook that the restaurant industry would struggle to structurally grow margins as long as the unemployment rate stayed below 4%.
But the firm said Thursday it was betting on one group to outperform.
General Motors Company (NYSE: GM) traded higher into Wednesay’s open after the company turned in better-than-expected financial results and raised its 2023 outlook.
While the boardroom at World Wrestling Entertainment, Inc. (NYSE: WWE) is undergoing a seismic shift, with its founder Vince McMahon recently returning, and his daughter, Stephanie McMahon stepping down as co-CEO, the business itself is in a great place as the company
Homebuilder sentiment increased in January for the first time in a year after declining for 12 straight months, triggering a rally in homebuilder stocks.
What Happened: Recent data issued by the National Association of Homebuilders (NAHB) showed its national Housing Market Index (HMI) rose moderately from a December low of 31 to a more-encouraging 35.
Oil and gas producer Hess Corp. (NYSE: HES) has been a multi-year winner, delivering investors more than 228% returns in the last five years, against the S&P 500 (ARCA: SPY), which has delivered 47.56% in that same time frame.
As the bankruptcy proceedings for failed cryptocurrency exchange FTX continue, a court filing on Wednesday finally lifted the veil on the long-awaited list of institutional creditors.
The document, spanning over 100 pages, delves into the depths of the companies and entities caught up in the web of FTX's downfall.