Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B) raised its ownership stake in Occidental Petroleum (OXY) to ~23.6% after buying nearly 3.7M additional shares, according to an SEC filing....
Seeking Alpha - 3/27/2023 8:22:11 PM
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While other oil majors have left Alaska due to high capital costs and regulatory hurdles, one U.S. oil firm is pushing ahead with oil development in the state, betting on a new project that could pump crude for decades. ConocoPhillips has just seen the Biden Administration approve the Willow oil project in the National Petroleum Reserve-Alaska (NPR-A), allowing three out of five proposed drill sites. Even the scaled-down project will be profitable and will work, the company and analysts say. One of the reasons why ConocoPhillips is betting on Alaska...
OilPrice com - 3/27/2023 8:00:00 PM
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Like its Canadian counterparts, Walmart is pushing back against claims that grocers are profiting from the rising cost of food. Gonzalo Gebara, the head of Walmart Canada, told MPs on the House agriculture committee Monday that rising prices were caused by "a perfect storm" of external factors, not price-gouging....
CBC News - 3/27/2023 7:57:01 PM
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Lyft co-founders Logan Green and John Zimmer are relinquishing their leadership roles to make way for a former Amazon executive as the ride-hailing service struggles to recover from the pandemic while long-time rival Uber has been regaining its momentum...
ABC News - 3/27/2023 7:32:03 PM
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NEW YORK, March 28 — A trial kicked off in San Francisco federal court yesterday to determine how much money Tesla Inc m…...
Malay Mail - 3/27/2023 7:28:16 PM
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Kwhen Finance - 3/27/2023 7:26:00 PM
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The bank is getting a $16.5 billion discount (and then some) on the failed giant's assets Related Stocks: FCNCA , SIVB , BAC ,...
GuruFocus - 3/27/2023 7:10:42 PM
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Members of the U.S. Congress are pushing for a ban of video app and social media platform TikTok . The pressure comes as the app could be a security threat to the U.S. If TikTok is banned, several other social media platforms could stand to benefit. What Happened: Members of Congress grilled TikTok CEO Shou Chew during a recent hearing and many called for TikTok to be banned in the U.S. This ban could weaken the relations between the U.S. and China and could also upset some very loyal users of the app that spend hours each day making and consuming short-form video content. Users of TikTok could flock to existing social media platform leaders or see several upstart video platforms grow. Among the expected winners from the ban of TikTok are Facebook and Instagram, owned by Meta Platforms Inc (NASDAQ: META ). YouTube, which is owned by Alphabet Inc (NASDAQ: GOOG )(NASDAQ: GOOGL ), could also benefit from its growing YouTube shorts video content. Snapchat, a unit of Snap Inc (NYSE: SNAP ), could also benefit from the TikTok ban....
Benzinga - 3/27/2023 6:57:33 PM
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Amgen Inc’s battle with Sanofi and Regeneron at the U.S. Supreme Court over its cholesterol drug Repatha on Monday has some drugmakers hoping a ruling will reshape U.S. patent law and competition among companies that make antibody medicines. In the dispute with Sanofi and partner Regeneron, whose cholesterol-lowering monoclonal antibody drug Praluent works in a […]...
Financial Post - 3/27/2023 6:51:41 PM
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Mastercard Inc. and Visa Inc. are among the firms negotiating to acquire Pismo, which provides cloud-based payment and banking platforms, said people familiar with the matter....
BNN Bloomberg - 3/27/2023 6:43:22 PM
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A pair of very positive analyst takes juices the company's stock ahead of its big annual investor event....
The Motley Fool - 3/27/2023 6:29:00 PM
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A phase 3 trial found that Merck's Keytruda was effective as a first-line treatment for another type of endometrial cancer. Read more here....
Seeking Alpha - 3/27/2023 6:16:04 PM
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has priced a public offering of $1.1 billion of 5.100% Senior Notes that will mature March 29, 2026 (the “Notes”), pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission. The Company intends to use the net proceeds from the offering for general corporate purposes, which may include repayment or repurchase...
Business Wire - 3/27/2023 6:15:00 PM
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A recent study by car advice website Rerev unveiled the most anticipated electric vehicles for 2023, with the Tesla Inc (NASDAQ: TSLA ) Cybertruck topping the list. The U.S. Sun shared Rerev's analysts' rankings which were determined by examining Google search data over a two-month period. The Tesla Cybertruck dominated search results at 1,854,710 searches, receiving more than … Full story available on Benzinga.com...
Benzinga - 3/27/2023 6:13:23 PM
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An excellent way to find stocks to buy is by examining the holdings of exchange-traded funds (ETFs) that focus on the subject matter you’re interested in. In this case, safe blue-chip stocks . Investopedia defines blue-chip stocks as follows: “These are typically large, well-established, and financially sound companies that have operated for many years and that have dependable earnings, often paying dividends to investors.” So, if you want to invest in a blue-chip healthcare company, Johnson & Johnson (NYSE: JNJ ) comes to mind. On the other hand, if you desire an industrial company, Deere & Co. (NYSE: DE ) would be good. You get the idea. One more iconic name and I’d have my three safe blue-chip stocks to buy! However, I’ve instead chosen to select my three picks from the top holdings of the actively managed Fidelity Blue Chip Growth ETF (BATS: FBCG ) and Fidelity Blue Chip Value ETF (BATS: FBCV ). These two ETFs invest in well-known, well-established and well-capitalized companies, applying growth screens and value screens , respectively....
InvestorPlace - 3/27/2023 6:03:59 PM
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Carnival Corporation (CCL) was the worst-performing stock in the S&P 500 after the cruise line operator predicted much bigger losses than expected in the current quarter and full year....
Investopedia - 3/27/2023 5:59:04 PM
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Genuine Parts Company bottoms on robust long-term guidance. The analysts praise the news and raise targets. Auto part retailers echo the strength and support the outlook. 5 stocks we like better than Genuine Parts Genuine Parts Company (NYSE:GPC) is hosting an investor day event, and the pre-event press release already excites the analysts. The release […]...
ValueWalk - 3/27/2023 5:54:21 PM
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NOV Inc. is well-positioned to outlast another downturn given their low leverage and strong liquidity. Click here for our review of NOV stock prospects....
Seeking Alpha - 3/27/2023 5:43:30 PM
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Investors have been pleasantly surprised by MercadoLibre’s (NASDAQ: MELI) recent performance as the company continues to maintain its momentum and …...
TipRanks - 3/27/2023 5:33:12 PM
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Accenture moves higher on solid results and is indicating a bottom. The next hurdle is the 150-day EMA, a move above there could trigger a complete reversal. Cost-cutting efforts to aid growth were announced. 5 stocks we like better than Accenture After over a year of downtrending, Accenture (NYSE:ACN) shares have hit and confirmed their […]...
ValueWalk - 3/27/2023 5:33:08 PM
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Hormel Foods (NYSE:HRL) declares $0.275/share quarterly dividend, in line with previous.Forward yield 2.82%Payable May 15; for shareholders of record April 17; ex-div April 14.See HRL…...
Seeking Alpha - 3/27/2023 5:29:58 PM
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Electric vehicles are a megatrend, but megatrends take time to develop. One day our grandchildren may look back on 2023 with amazement at how primitive our vehicles were. But that day is not today. And that’s why a better way to invest in the transition to EVs is by finding lithium stocks to buy. Lithium is an essential component of lithium-ion batteries. And those batteries are, for now, the de facto standard for electric vehicles, while the demand for lithium far outweighs the supply of it. That means there’s still time to invest in lithium stocks. So for now, investing in lithium stock is a practical, picks-and-shovel approach to the transition to electric vehicles. LAC Lithium Americas $20.75 PLL Piedmont Lithium $51.97 ALB Albemarle $218.88 SQM Sociedad Quimica y Minera $81.07 LTHM Livent $20.78 AMLI American Lithium $2.33 NRVTF Noram Lithium 42 cents Lithium Americas (LAC) Source: Wirestock Creators / Shutterstock.com Leading off this list of lithium stocks to buy is Lithium Americas (NYSE: LAC )....
InvestorPlace - 3/27/2023 5:22:01 PM
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...
Kwhen Finance - 3/27/2023 5:53:00 PM
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Intel's revenue has been growing at a slower pace than the semiconductor industry, indicating it is losing market share. Learn why I rate INTC stock a sell....
Seeking Alpha - 3/27/2023 5:12:44 PM
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As previously disclosed, The Lincoln National Life Insurance Company, a wholly owned subsidiary of Lincoln National Corporation, entered into a reinsurance agreement with Security Life of Denver Insurance Company that was effective as of October 1, 2021 to reinsure liabilities under a block of in-force executive benefit and universal life insurance… The post LINCOLN NATIONAL CORP FILES (8-K) Disclosing Results of Operations and Financial Condition, Non-Reliance on Previous Financials, Audits or Interim Review, Regulation FD Disclosure appeared first on Insurance News | InsuranceNewsNet ....
InsuranceNewsNet - 3/27/2023 5:09:46 PM
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Otis Worldwide Corp. engages in the manufacturing, installation, and servicing of elevators and escalators. Click here to find out what make OTIS stock a buy....
Seeking Alpha - 3/27/2023 5:08:18 PM
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Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, will hold a "2023 Investor Analyst Day" in Carmel, Indiana, on Tuesday, May 2. President and CEO John H. Stone…...
Finanz Nachrichten - 3/27/2023 5:06:00 PM
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For those who turn to tech stock leader Microsoft (NASDAQ:MSFT) and its Teams app for getting together with colleagues, today was a big day. Micros…...
TipRanks - 3/27/2023 5:03:00 PM
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In recent years, investors and entrepreneurs have been abuzz with talk about quantum computing stock . Quantum computers might be capable of breaking encryption, solving physics, and many other processes classical computers can’t. The quantum computing stocks that can monetize this business could be set for big gains. The most popular potential application for quantum computers is Shor’s algorithm . This algorithm can factor a number into its constituent primes faster than any classical computer. Because factoring numbers into primes underpins much of modern encryption, Shor’s algorithm could break modern encryption standards. But Shor’s algorithm and other such applications will first need a working quantum computer to process on. That problem remains key and many companies are working on completely different methods for making a quantum computer. They’re even using completely different qubits , which are as fundamental to quantum computers as bits are to classical computers. Whether one method becomes the standard, or many methods can work side by side, will be crucial to the future of quantum computers....
InvestorPlace - 3/27/2023 5:00:03 PM
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The shopping spree in the used car market has left some after-market car parts out of the game as consumers feel comfortable in their new acquisitions, however as the used car market faces rising negative equity and other challenges, these forgotten players may be the only hope for losing car note holders to escape. Advance […]...
ValueWalk - 3/27/2023 4:59:13 PM
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AAR (AIR) said Monday it signed a distribution agreement with Cloud Cap Technology, a unit of Collins Aerospace Mission Systems....
Seeking Alpha - 3/27/2023 4:58:47 PM
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Nike Air Max Day launched in 2014, long after the sneaker had become a staple of grime and hip-hop scenes from the late '80s well into the 2000s. Though the early days of these subcultures have come and gone, these movements live on in new music scenes around the world. The historical connection between underground…...
Adweek - 3/27/2023 4:54:26 PM
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First Republic was the top S&P 500 performer Monday as banking fears eased somewhat. Carnival and Google were notable losers....
Investor's Business Daily - 3/27/2023 4:53:42 PM
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Fundamentals remain strong. Fear appears to be elevated. There are legitimate macro risks, but read why they're smaller for Alexandria Real Estate (ARE) vs. other stocks....
Seeking Alpha - 3/27/2023 4:45:56 PM
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The dust surrounding Silicon Valley Bank is finally starting to settle....
The Motley Fool - 3/27/2023 4:44:26 PM
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March 27 (Reuters) – Ohio on Monday filed a lawsuit accusing Cigna Group, Humana Inc and others of colluding to drive up prescription drug prices by charging exorbitant fees for pharmacy benefit management services. The lawsuit, filed by Ohio Attorney General Dave Yost in the Delaware County Common Pleas Court, comes amid growing scrutiny by […]...
Financial Post - 3/27/2023 4:42:00 PM
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WALTHAM, Mass. & SAN FRANCISCO--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, and the University of California, San Francisco (UCSF), will accelerate advanced cell therapies for difficult to treat conditions, including cancer, rare diseases, and other illnesses, from a newly opened cGMP manufacturing facility adjacent to UCSF Medical Center’s Mission Bay campus. The partnership between Thermo Fisher and UCSF, first announced in 2021, has the po...
Business Wire - 3/27/2023 4:30:00 PM
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Source: Ian Dewar Photography / Shutterstock The stock market tried to push higher on Monday and so did AMC Entertainment (NYSE: AMC ). At one point in the session, AMC stock was down almost 4%. Shares closed the day up by 2%, however. Some of today’s weakness could have been tied more broadly to tech and more specifically to GameStop (NYSE: GME ). Shortly after the open, tech was under more selling pressure than the overall market. Meanwhile, GME was down roughly 5% at one point. For what it’s worth, GME stock closed down by about 4%. There’s still a correlation between some of these stocks. However, AMC stock is finding some bullish momentum due to its own catalysts. Specifically, today’s action came after CEO Adam Aron tweeted out some good news this morning. Aron noted new record sales for the company: “AMC moviegoers continue to eat and drink well. Two weeks ago we set an all time record, with the highest weekly “Food and Beverage Revenues Per Patron” (FBRPP) in AMC’s 103-year history....
InvestorPlace - 3/27/2023 4:29:55 PM
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Vertex Pharmaceuticals aims to CRISPR Therapeutics’ gene-editing technology to develop type 1 diabetes cell therapies that don’t prompt the immune system to reject them. This approach could compete with a Sana Biotechnology program expected to reach its first test in humans this year....
MedCity News - 3/27/2023 4:19:55 PM
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Murder charge laid against Inderdeep Singh Gosal, 32...
Grand Forks Gazette - 3/27/2023 4:18:00 PM
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McKesson Corporation (NYSE: MCK) will release its fourth-quarter and full-year fiscal 2023 financial results after market close on Monday, May 8, 2023. The company will host a live webcast of the earnings conference call for investors at 4:30 PM Eastern Time to review its financial results. The live webcast will be available on McKesson’s Investor Relations website at investor.mckesson.com,...
Wallstreet:Online - 3/27/2023 4:10:00 PM
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EVANSVILLE, Ind., March 27, 2023 (GLOBE NEWSWIRE)
Old National Bancorp was ranked 6 th in financial performance out of all U.S. public banks with greater than $10 billion in total assets by S&P Global Market Intelligence. On March 21, S&P Global released its annual rankings for 2022's best-performing community banks, credit unions and U.S. public banks....
GlobeNewswire - 3/27/2023 4:07:00 PM
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The post We’re Scooping Up Shares of 2 Stocks, Downgrading and Upgrading 2 Others appeared on BitcoinEthereumNews.com . We are enjoying the continued move higher in the shares of Action Alerts PLUS Global Markets (CBOE) , roughly 10% since they bottomed out on March 10, and the positive impact that…...
Bitcoin Ethereum News - 3/27/2023 4:06:08 PM
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Rogers Corporation (NYSE:ROG) (“Rogers”), announced that Jessica Morton has joined the company as Vice President, General Counsel and Corporate Secretary. Jessica joins Rogers from FMC Corporation, where she provided leadership for complex legal matters within areas including M&A and corporate strategy, securities law and SEC periodic reporting, and corporate governance, among others. Prior...
Wallstreet:Online - 3/27/2023 4:05:00 PM
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MIDLAND, Texas, March 27, 2023 (GLOBE NEWSWIRE)
Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has joined the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), the United Nations Environment Programme’s flagship oil and gas reporting and mitigation program....
GlobeNewswire - 3/27/2023 4:01:00 PM
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Despite assurances from CEO Walt Bettinger and the Charles Schwab himself, questions around the comnpany won't go away....
Wealth Management - 3/27/2023 4:00:00 PM
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A Relative Strength Rating upgrade for Zoetis shows improving technical performance. Will it continue?...
Investor's Business Daily - 3/27/2023 4:00:00 PM
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SAN DIEGO, March 27, 2023 (GLOBE NEWSWIRE)
The Class : Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Stanley Black & Decker, Inc. (NYSE: SWK) common stock between October 28, 2021 and July 28, 2022, for violations of the Securities Exchange Act of 1934. Stanley Black & Decker, Inc. engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia....
GlobeNewswire - 3/27/2023 3:55:00 PM
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With banking sector fears once again dominating headlines, investors should consider the consistent passive income potential of monthly dividend stocks to buy. Typically, companies that provide passive income do so on a quarterly basis. However, the schedule of life (such as rent and utility bills) occurs monthly. Therefore, this distinct segment should be attractive. Now, with greater conveniences come greater risks. Generally, monthly dividend stocks to buy tend to be riskier than their quarterly paying counterparts. At this juncture, economic vagaries make this category somewhat hazy due to less-robust financial profiles. Still, if you can handle the heat, these monthly dividend stocks to buy deserve consideration. O Realty Income $60.89 PBT Permian Basin Royalty Trust $23.97 SBR Sabine Royalty Trust $69.76 CRT Cross Timbers Royalty Trust $18.38 PRT PermRock Royalty Trust $6.70 GROW U.S. Global Investors $2.59 BRMK Broadmark Realty Capital $4.62 Realty Income (O) Source: jittawit21/Shutterstock.com When it comes to monthly dividend stocks to buy, no discussion may be complete without mentioning Realty Income (NYSE: O )....
InvestorPlace - 3/27/2023 3:54:02 PM
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Our picks for the best personal loans with no origination fee include LightStream, SoFi, Wells Fargo, Discover, PenFed, and USAA....
Business Insider - 3/27/2023 3:45:54 PM
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… will close this week as long as CVS and Signify can … buy and another proposed acquisition of value-based primary … Signify will continue operating as a payer-agnostic business … big-ticket and controversial healthcare mergers have closed recently, including …...
EIN News Merge and Acquisitions - 3/27/2023 3:43:19 PM
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Value retailer Costco (NASDAQ:COST) has produced handsome and consistent returns for its investors, and its share price has almost tripled over the…...
TipRanks - 3/27/2023 3:39:30 PM
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Caesars Entertainment (CZR) did not point sign of consumer slowdown during a recent meeting with analysts from Macquarie. Read more....
Seeking Alpha - 3/27/2023 3:37:05 PM
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Tierney is currently the global head of portfolio operations and asset management at Blackstone....
DealStreetAsia - 3/27/2023 3:29:24 PM
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Zoom's new features for meetings leverage its own proprietary AI models, plus those from leading AI companies including OpenAI, and select customers' own models. The post Zoom adds Open AI to “federated’ Zoom IQ AI resources appeared first on AV Magazine ....
AV Magazine - 3/27/2023 3:28:24 PM
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Just when you thought the banking sector fallout was behind us, rumblings in Europe confirmed that bank stocks once again will likely dominate business news outlets for weeks to come. While the mainstream media can sometimes lead to ambulance-chasing histrionics, this time around, the anxieties appear justified. Still, I thought it would be a nice contrarian exercise to consider the financial institutions least likely to fail. Now, some of my colleagues have asked ChatGPT to deliver an artificial intelligence-driven answer. However, for our purposes today, I consulted Gurufocus’ stock screener for the probability of financial distress. The below bank stocks – per the investment resource – represent an elite few that likely will not collapse. JPM JPMorgan Chase $129.09 BAC Bank of America $28.48 WFC Wells Fargo $37.57 HSBC HSBC Holdings $33.60 RY Royal Bank of Canada $93.64 HDB HDFC Bank $64.60 TD Toronto-Dominion Bank $57.82 JPMorgan Chase (JPM) Source: Daryl L / Shutterstock.com The inclusion of JPMorgan Chase (NYSE: JPM ) as one of the bank stocks least likely to fail shouldn’t surprise anyone....
InvestorPlace - 3/27/2023 3:24:42 PM
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Walgreens Boots (WBA) is scheduled to announce Q2 earnings results on Tuesday, March 28th, before market open.....
Seeking Alpha - 3/27/2023 3:11:33 PM
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A former Labcorp employee turned whistleblower sued the diagnostic testing company in 2018 on behalf of the federal government under the False Claims Act....
CNBC - 3/27/2023 3:08:52 PM
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FOX Corporation donated $1 million to the American Red Cross on Monday to help support Mississippi and other Southern states impacted by devastating tornadoes....
Fox News - 3/27/2023 3:08:37 PM
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With global market and economic fears once again rising to the forefront, investors may want to consider cash-rich companies that can weather any storm. Fundamentally, enterprises that carry plenty of green in their pockets should be able to navigate whatever curveballs the gatekeepers of the economy decide to throw. For that, I filtered out stocks based on their market capitalization and cash ratio. For the former metric, the thought process is fairly logical: the bigger, more established enterprises should prove more resilient under pressure. Regarding the latter, the cash ratio represents a measurement of liquidity . Per Investopedia, it calculates the company’s total cash and cash equivalents line to its current liabilities. In other words, under a theoretical scenario where an enterprise had to pay its debt using cash (or its equivalents) only, the cash ratio gives investors a decent sense of fiscal substance. With that, below are the cash-rich companies to consider. TXN Texas Instruments $178.23 FNV Franco-Nevada $143.87 WYNN Wynn Resorts $106.90 MNST Monster Beverage $104.76 GOOG GOOGL Alphabet $103.77 BIDU Baidu $152.31 CCJ Cameco $24.68 Texas Instruments (TXN) Source: Shutterstock One of the major technology giants, Texas Instruments (NASDAQ: TXN ) designs and manufactures semiconductors and various integrated circuits, which it sells to electronics designers and manufacturers globally....
InvestorPlace - 3/27/2023 3:07:46 PM
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Nvidia caters to gamers, but also sells hardware explicitly designed for crypto mining. Now its CTO is slamming crypto and pushing AI instead....
Decrypt - 3/27/2023 2:57:13 PM
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Sen. Tammy Duckworth (D-Ill.) is asking the Federal Trade Commission to investigate reports that drug distributor AmeriSourceBergen is refusing to distribute Mifeprex to retail pharmacies in certain states, but was continuing to sell directly to health providers. In a letter sent Monday to FTC Chair Lina Kahn, Duckworth accused the company of exploiting the political…...
The Hill - 3/27/2023 2:55:07 PM
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Baker Hughes (BKR) won an order from Bechtel to supply critical liquefaction equipment for Sempra's (SRE) Port Arthur LNG Phase 1 project in Texas, following last week's the positive FID....
Seeking Alpha - 3/27/2023 2:51:28 PM
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Dallas-based Energy Transfer's acquisition of Lotus Midstream includes the 3,000-mile Centurion Pipeline System, which the Sugar Land-based company acquired from Houston-based Occidental Petroleum Corp. shortly after forming in 2018....
Business Journals - 3/27/2023 2:50:45 PM
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Lululemon Athletica (LULU) is due to announce its fourth quarter earnings results after the closing bell on Tuesday, with eyes on athleisure demand post-pandemic.Analysts expect…...
Seeking Alpha - 3/27/2023 2:30:19 PM
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Typically, we associate analyst days with electric car manufacturer Tesla (NASDAQ:TSLA). However, it appears that this phenomenon could provide a b…...
TipRanks - 3/27/2023 2:27:48 PM
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(Kitco News) - Rumors about Amazon's NFT marketplace continue to swirl, with some sources saying that Amazon Digital Marketplace will launch on April 24....
KITCO - 3/27/2023 2:19:17 PM
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Private equity giant Blackstone (BX) is reportedly in advanced talks to acquire a small stake in FTV Capital, a growth-equity investment firm.Last year, FTV raised its seventh and…...
Seeking Alpha - 3/27/2023 2:03:28 PM
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Charles Schwab Corp. won more than $7.3 million from Morgan Stanley and two financial advisers it accused of stealing trade secrets when they moved to the latter firm in 2019....
BNN Bloomberg - 3/27/2023 1:55:22 PM
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McCormick (MKC) is scheduled to announce Q1 earnings results on Tuesday, March 28th, before market open.The consensus EPS Estimate is $0.50 (-20.6% Y/Y) and the consensus Revenue…...
Seeking Alpha - 3/27/2023 1:54:16 PM
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The Municipal Corporation of Delhi appointed a new municipal secretary on Monday, as it disengaged from services Bhagwan Singh, who was serving on a contractual basis after retirement from the post, according to officials. The move comes a day ahead of the special meeting that has been convened at the MCD headquarters on Tuesday to discuss and deliberate on the civic budget. As required by norms, the civic budget has to be cleared by March 31. According to a order issued earlier in the day, the MCD said Bhagwan Singh (retired municipal secretary) engaged as a "consultant" on contract basis in the office of the municipal secretary, is herby disengaged from services of the MCD w.e.f. March 27, 2023. Later in the day, in another order, the MCD said a new officer has been given charge of the post of municipal secretary. A senior official in the civic body confirmed the development. "Siva Prasad KV, consultant, (retired municipal secretary) presently attached as OSD to Mayor is hereby...
Business Standard - 3/27/2023 1:54:00 PM
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Credit Suisse analyst Scott Deuschle reiterated an Outperform rating on the shares of L3Harris Technologies Inc (NYSE: LHX ) with a price target of $240. The aerospace and defense company is slated to report its first-quarter FY23 after market close on March 27. The analyst estimates Q1 EPS of $2.83, which is $0.06 below Street. However, the analyst sees an upside potential to $2.96 in blue-sky scenario, which is premised on dual supply/demand tailwinds for tactical radios. The analyst models sales growth of 4% year-on-year to $4.27 billion with Integrated Mission Systems (IMS) … Full story available on Benzinga.com...
Benzinga - 3/27/2023 1:53:17 PM
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Corteva looks very attractive right now and has a steadily growing market and competent management. Click here to read why I would rate CTVA stock as a buy....
Seeking Alpha - 3/27/2023 1:50:03 PM
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Trai on Monday asked telcos to take immediate action to curb pesky calls and messages by getting banks and FIs to clean up unused templates, as the regulator initiated a slew of steps to crackdown on the issue of unsolicited commercial communications (UCC) that, at times, leads to instances of frauds and scams. Telecom Regulatory Authority of Indian (Trai) held a review meeting with telecom operators like Bharti Airtel, Jio, and Vodafone Idea (VIL) on issue of UCC detect system. During the meeting, Vodafone Idea made a presentation on a AI/ML (Artificial Intelligence/Machine Learning) system that can analyse and detect patterns when it comes to fraudulent messages being sent from mobile numbers by scammers. Trai said permission will now be given to VIL for a pilot, and based on its success Trai will come out with principles/regulations for such solutions in the industry. The deadline for review of implementation of UCC detect system using AI/ML is May 1. "Today we have made it ver...
Business Standard - 3/27/2023 1:49:00 PM
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First Republic Bank (NYSE: FRC ) and Bank of America Corporation (NYSE: BAC ) were trading higher Monday after it was announced First Citizens BancShares Inc (Delaware) Class A (NASDAQ: FCNCA ) agreed to purchase all loans and certain other assets of beleaguered Silicon Valley Bank (NASDAQ: SIVB ). The financial sector is suffering heavy turmoil amid rising interest rates and stubborn inflation, which recently contributed to the failure of SVB, Signature Bank and Swiss-based Credit Suisse . First Republic and Bank of America have been trading in downtrends since early February but began to fall steeply on March 9, the day SVB announced a $1.25-billion common stock offering , which signaled the bank was in serious trouble. See Also: SVB Financial CEO Sold $3.6M In Shares Prior To Bank's Collapse: Here Are Other Insider Sellers Although First Republic and Bank of America were spiking higher on Monday, neither stock has yet to negate the downtrend. … Full story available on Benzinga.com...
Benzinga - 3/27/2023 1:47:44 PM
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The U.S. Supreme Court earlier Monday heard arguments in a patent case filed by Amgen regarding Repatha against Sanofi. Read more here....
Seeking Alpha - 3/27/2023 1:45:10 PM
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In this article, we discuss 5 best consumer cyclical dividend stocks to buy now. If you want to read our detailed analysis of consumer cyclical stocks and their outlook, go directly to read 12 Best Consumer Cyclical Dividend Stocks To Buy Now. 5. The Home Depot, Inc. (NYSE:HD) Number of Hedge Fund Holders: 62 The […]...
Insider Monkey - 3/27/2023 1:41:06 PM
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Cigna (CI), Humana (HUM) faced a lawsuit in Ohio Monday over their role in sharing pricing details to gain upper hand in negotiations over drug rebates. Read more here....
Seeking Alpha - 3/27/2023 1:40:01 PM
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Ram has shown its dealers a concept for a midsize electric pickup that could potentially follow the Ram 1500 REV full size truck into showrooms soon....
Fox News - 3/27/2023 1:34:17 PM
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Air Products and Chemicals (APD) announced that it was recently awarded several supply contracts from NASA totaling $130M+ for providing liquid hydrogen for several NASA locations…...
Seeking Alpha - 3/27/2023 1:32:28 PM
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Vertex Pharmaceuticals is forming a base and back above its 50-day moving average. VRTX stock ranks third out of 792 biotechs....
Investor's Business Daily - 3/27/2023 1:31:44 PM
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Germany’s Merck KGaA (OTC: MKGAF ) (OTC: MKKGY ) has regained exclusive worldwide rights to develop, manufacture, and commercialize its checkpoint blocker Bavencio (avelumab) from Pfizer Inc (NYSE: PFE ). The news comes just a few weeks after Pfizer announced plans to buy antibody-drug conjugate (ADC) … Full story available on Benzinga.com...
Benzinga - 3/27/2023 1:23:19 PM
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Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating on Walmart Inc (NYSE: WMT ) with a price target of $160 . Gutman highlights that Walmart is hosting an Investment Community Meeting on April 4-5. In his view, EPS visibility is solid; he estimates 45 bps of gross margin "conservatism" in WMT"s FY24 guide in a March 26 note titled " Walmart Inc: It's Showtime." Also Read: Walmart Starts Making Inroads In Amazon's Forte By Transforming Business Model; Targets Affluent Customers The stock has … Full story available on Benzinga.com...
Benzinga - 3/27/2023 1:17:51 PM
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Sen. Tammy Duckworth is asking the FTC to look into AmerisourceBergen amid reports it will hold back on sales of the abortion pill mifepristone. Read more here....
Seeking Alpha - 3/27/2023 1:11:17 PM
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ATLANTA, March 27, 2023 (GLOBE NEWSWIRE)
Holzer & Holzer, LLC informs investors that a class action lawsuit has been filed against Stanley Black & Decker, Inc. (“Stanley” or the “Company”) (NYSE:SWK). The lawsuit alleges Stanley made materially false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including (i) rising interest rates, inflation, and trends in returning to work away from home were quickly eroding then-heightened demand for Stanley’s tools and outdoor products; (ii) the heightened, extraordinary demand Stanley enjoyed as a result of the COVID-19 pandemic in 2021 into 2022 was returning to 2019 pre-pandemic levels; (iii) Stanley’s operations were already showing signs of slowing demand; (iv) as a result of reorganization, share repurchasing, and dividend growth, Stanley lacked the cash to react with agility to changes in demand; and (v) as a result of Stanley’s inability to react to a sharp decline in demand, the Company’s results and metrics, particularly sales volume, were severely negatively impacted....
GlobeNewswire - 3/27/2023 1:07:00 PM
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NORTHAMPTON, MA / ACCESSWIRE / March 27, 2023 / The security situation in Eastern Niger is still volatile and unpredictable. The region of Diffa, bordering Northern Nigeria remains in a state of em…...
Finanz Nachrichten - 3/27/2023 1:02:00 PM
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ON Semiconductor (ON) led semiconductor stocks lower on Monday, with the sector broadly in the red, as the wider industry awaited Micron Technology's (MU) latest quarterly…...
Seeking Alpha - 3/27/2023 1:00:02 PM
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A Scottish city council has demanded emails between MSNBC anchor Stephanie Ruhle and Under Armour founder Kevin Plank be released as part of an ongoing lawsuit....
Fox News - 3/27/2023 12:55:59 PM
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Competition Commission has cleared the proposed acquisition of certain shareholding of JM Baxi Ports and Logistics Ltd by Germany's HLAG. The acquisition would be done by HL Terminal Holding B.V., a wholly-owned subsidiary of Hapag Lloyd Aktiengesellschaft. JM Baxi Ports is a private terminal and inland transport service provider in India. In a release on Monday, Competition Commission of India (CCI) said it has given the approval for the acquisition of shareholding of JM Baxi Ports HL Terminal Holding B.V. The acquiring entity has been set up to serve as a strategic/investment holding company for the port terminal business of HLAG. HLAG is the parent company of the acquirer group, which is headquartered in Germany. It is active in the maritime sector. Separately, CCI has given its nod for the acquisition of share capital of NSPIRA Management Services Pvt Ltd by three individuals
Puneet Kothapa, Ponguru Sindhura and Ponguru Sharani. Currently, the acquirers collectively hold...
Business Standard - 3/27/2023 12:49:00 PM
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Moore’s Law famously predicted the number of transistors on a circuit would double every two years....
Channel Futures - 3/27/2023 12:47:21 PM
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DUBAI, 27th March, 2023 (WAM) - United Airlines has launched a new nonstop daily service between its New York/Newark hub and Dubai International (DXB). United is the only U.S. airline to offer non-stop flights between Dubai and the United States, flying to more destinations in the Middle East than any oth...
Big News Network - 3/27/2023 12:43:00 PM
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William Shatner, Monica Lewinsky and other prolific Twitter commentators — some household names, others little-known journalists — could soon be losing the blue check marks that helped verify their identity on the social media platform. They could get the marks back by paying up to $11 a month. But some longtime users, including 92-year-old Star Trek legend Shatner, have balked at buying the premium service championed by Twitter’s billionaire owner and chief executive Elon Musk. After months of delay, Musk is gleefully promising that Friday is the deadline for celebrities, journalists and others who’d been verified for free to pony up or lose their legacy status. “It will be glorious,” he tweeted Monday, in response to a Twitter user who noted that Friday is also April Fools Day. After buying Twitter for $44 billion in October, Musk has been trying to boost the struggling platform’s revenue by pushing more people to pay for a premium subscription. But his move also reflects his assertion that the blue verification marks have become an undeserved or “corrupt” status symbol for elite personalities....
WNYT - 3/27/2023 12:39:45 PM
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The industrial giant received some good commentary on its end markets
and analysts were talking about a rival company....
The Motley Fool - 3/27/2023 12:39:38 PM
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Vornado Realty Trust (NYSE: VNO ) is a diversified office, retail, apartment and advertising real estate investment trust (REIT) with a large presence in New York City, as well as Chicago and San Francisco. A member of the S&P Midcap 400, Vornado Realty was founded in 1959 and has been listed on the NYSE since 1962. Vornado Realty owns and operates over 26 million square feet of LEED-certified buildings. Vornado Realty has nearly 20 million square feet of office space in its New York City portfolio. Its tenants are well-known companies, including Meta, IPG and Affiliates, Google, Bloomberg, Verizon, Neuberger Berman and Amazon. Almost 90% of its net operating income is derived from its New York City properties. Vornado Realty also has several properties in other cities, such as Chicago and San Francisco. Some of its Chicago tenants include Yelp, Conagra, PayPal, Motorola and All State. In San Francisco, the 30,000 of rentable square feet in the 52-floor building at 555 California Street is occupied by companies such as Microsoft, Morgan Stanley, UBS, Bank of America and Starbucks....
Benzinga - 3/27/2023 12:38:30 PM
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Investors searching for solid dividend stocks often look at a company’s dividend growth history as a guide to what to expect in the future. A company with a solid dividend growth history proves its ability to generate consistent earnings and gives an investor confidence that the dividend yield could continue to increase over time. When it comes to real estate investment trusts (REITs), many of the better ones will raise dividends perhaps once or twice per year. But consider one REIT that has demonstrated a superior ability to grow its dividend over time by remarkably increasing its dividend quarter after quarter. American Tower Corp. (NYSE: AMT ) is a Boston-based specialty REIT that calls itself “a global leader in wireless infrastructure.” Founded in 1995, American Tower owns, operates and develops wireless and broadcast communications real estate. Most of its business is leasing space on wireless and broadcast towers. American Tower has a presence in 225,000 global communication sites across 26 countries on six continents....
Benzinga - 3/27/2023 12:33:13 PM
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One of the most interesting things about the U.S. stock market is how quickly sentiment can change on individual stocks or a sector in general, depending on recent news or their most recent performance. Yesterday’s winners can be today’s losers in the blink of an eye or vice versa. That was the case this week when one analyst decided to downgrade three real estate investment trusts (REITs) from the hotel subsector. All three REITs performed well for a while in early 2023 as the hotel subsector came roaring back from large total losses in 2022. Take a look at three hotel REITs that were downgraded this week by Compass Point Research & Trading analyst Floris van Dijkum and the share price losses that ensued. Apple Hospitality REIT Inc. (NYSE: APLE ) is a Richmond, Virginia-based hotel REIT, formed in 2007. It has a portfolio of approximately 29,000 rooms in 220 hotels in 87 markets across 37 states. Its portfolio includes 96 Marriotts, 119 Hiltons, four Hyatts and one independent hotel. ...
Benzinga - 3/27/2023 12:28:11 PM
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U.S. stocks traded higher midway through trading, with the Dow Jones gaining over 100 points on Monday. The Dow traded up 0.42% to 32,372.55 while the NASDAQ rose 0.01% to 11,825.46. The S&P 500, also rose, gaining, 0.24% to 3,980.71. Check This Out: Wall Street's Most Accurate Analysts Say Hold These 3 Health Care Stocks With Over 3% Dividend Yields Leading and Lagging Sectors Financials shares jumped by 0.9% on Monday. Meanwhile, top gainers in the sector included Communication Services (NASDAQ: FCNCA ), up 46%, and Communication Services (NYSE: FRC ), up 13%. In trading on Monday, communication services shares fell by 0.6%. Top Headline The Dallas Fed manufacturing business index fell to -15.7 in March, versus prior reading of -13.5. Equities Trading UP First Citizens BancShares, Inc. (NASDAQ: FCNCA ) shares shot up 46% to $853.33 after First-Citizens Bank & Trust Company entered an agreement to purchase all deposits and loans of Silicon Valley Bank. Shares of Crown ElectroKinetics Corp. (NASDAQ: CRKN ) got a boost, shooting 45% to $0.2290 after the company announced its optics division added a third customer, expanding its US presence....
Benzinga - 3/27/2023 12:15:24 PM
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Goldman Sachs Research predicted widespread use of artificial intelligence (AI) will result in strong productivity gains and stronger long-term economic growth. According to the Goldman Sachs Macro team, AI adoption could create about $7 trillion in global economic growth over a 10-year period, comparable to a 7% increase in annual global GDP. After cloud computing, the next wave of innovation and monetization in corporate software will be driven by generative AI, according to the experts. While generative AI is still in its early stages, it has already made quite an impression on consumers with its human-like answers and capacity to generate original content. During business earnings calls, Goldman Sachs noted management teams are more focused on AI's opportunities and … Full story available on Benzinga.com...
Benzinga - 3/27/2023 12:01:37 PM
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Lululemon will report fiscal fourth-quarter results after market close Tuesday....
MarketWatch - 3/27/2023 12:01:00 PM
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In March, PNC Financial outperformed its peers in the iShares Regional Banks ETF. Click here to read our analysis and why we think PNC stock is a buy....
Seeking Alpha - 3/27/2023 12:00:00 PM
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