Thursday, June 17, 2021

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Federal Reserve Now Expects Two Rate Hikes By The End Of 2023

The Fed moved up its timeline for rate hikes on Wednesday amid optimism about the labor market and heightened concerns for inflation. Fed Chair Jerome Powell said the central bank will begin discussing scaling back bond purchases used to support financial markets and the economy during the pandemic and now expects two interest rate increases by the end of 2023, pushing up the timeline significantly. “The economy has clearly made progress,” Powell said. “You can think of...

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MannKind Corp (NASDAQ: MNKD): MannKind shares are up nearly 3% this morning after the company announced yesterday that the FDA had accepted for priority review the New Drug Application for Tyvaso DPI for the treatment of pulmonary arterial hypertension and pulmonary hupertension associated with interstitial lung disease. “We are energized by the acceptance of the Tyvaso DPI NDA f...

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HUN is down -20% since early May – does that mean the stock is a good bargain?

As a reflection of broad economic health, it isn’t that surprising that a lot of the momentum that has helped to drive the sector higher over the past year came on the back of favorable economic indicators as state and global economics began to to reopen, facilitated by aggressive federal stimulus and continued accommodative monetary policy from the Federal Reserve. Vaccine administration has helped to curb infection rates and facilitate reopening of social and business activities that have...

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Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand. It also provides traditional, combination, convection, conveyor, and rapid-cooking ovens, and range a...

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Investing is Inherently Risky - There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses.

                  

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