News

Chevron (NYSE:CVX), like many Energy-sector stocks, has struggled on a relative basis to the S&P 500 so far in 2024. The group is higher, of course, but momentum has not been consistent with resource stocks over the past handful of months. Among the more recent trends that should be a…

Iran elected Masoud Pezeshkian to its presidency, in an unexpected victory for the country’s reformist camp amid deep social discontent, economic hardship, and regional war.Pezeshkian won 16.3 million votes, according to reports which cited the local authorities, with the election seeing a 49.8% turnout. His rival Saeed Jalili, a hard-line…

Huge undercount of immigrants since 2022 messes up employment data in the household survey. Census Bureau needs to adopt Congressional Budget Office’s population estimates or go home. The jobs report data released today is based on two large surveys: The survey of “establishments” (employers): nonfarm jobs created (+206,000 in June),…

Check out the companies making headlines before the bell. Crypto stocks — Stocks tied to bitcoin price slid after the cryptocurrency dropped 5% to its lowest level since February , with the now defunct Mt. Gox exchange beginning repayments to creditors, as expected . Coinbase and MicroStrategy each lost 5%…

The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.Nonfarm payrolls increased by 206,000 for the month, better than the 200,000 Dow Jones forecast though less than the downwardly revised gain of 218,000 in May, which was cut…

Investment overview I give a buy rating for Insight Enterprises (NASDAQ:NSIT), as it should benefit organizations adopting more complex IT solutions like AI that require more sophisticated expertise. This will also drive a higher mix of software products that are gross margin accretive. In the near term, the PC refreshment…

Intro We wrote about Huron Consulting Group Inc. (NASDAQ:HURN) in February of this year when we stated that the trajectory of the company’s operating income margins would remain key. Well, Huron managed to report two consecutive bottom-line beats (in Q4 last year & Q1 this year) with core EBIT margins…

Alvopetro Energy (OTCQX:ALVOF, TSXV:ALV:CA) is a Canadian-based oil and gas exploration and production small cap operating in Brazil, with 95% of its revenue derived from natural gas. Some temporary external headwinds have halved the share price over the last year, which is likely a market overreaction due to the dividend…

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