Mar 22 | Daily Finance News

Post Views: 761

U.S. STOCK PICKS

Stocks slipped on Friday, but the major averages headed for a winning week and the Dow Jones Industrial Average barreled toward its best week of the year.
FedEx rose more than 8% after posting adjusted earnings that beat analyst estimates.
Nike sank 8% on disappointing guidance and slowing China sales.
Lululemon slid 17% on weak guidance and slowing growth in North America and headed for its worst day since March 2020.
Apple faces years of distractions after DOJ antitrust suit.
Airbus CFO Thomas Toepfer told CNBC the French plane maker was “not happy” about the issues facing U.S. rival Boeing. Boeing is under huge scrutiny and facing a reputational crisis after a door plug blew out of one of its 737 Max aircraft mid-flight.
Cathie Wood’s Ark funds buy Reddit stock on first day of trading.

Statistics Canada said Friday, retail sales declined 0.3 per cent in January: Canadian consumer spending slows, but is 'not collapsing'. Among them, sales at new car dealers experienced the most significant decline.
Experts say if the advisor does not have a philosophy of investing, it could indicate a “red flag” in their approach to financial planning.

Closing: 4:00 PM EST

The Dow Jones Industrial Average slipped on Friday, but clinched its best week of the year after back-to-back record-setting sessions.
The Dow dipped 305.47 points, or 0.77%, to close at 39,475.90.
The S&P 500 inched lower by 0.14% to end at 5,234.18.
The Nasdaq Composite added 0.16% and closed at 16,428.82 for another record.
Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia. Existing Anthropic stakeholders, including Amazon and Google, are not expected to increase their holdings in this round.
Catalyst Funds Co-Founder, CIO, and Senior Portfolio Manager David Miller believing there to be risk surrounding chip giant Nvidia's (NVDA) — whose latest earnings results in February bolstered markets and tech trades — valuation trajectory.

Gas prices: Ontario cities fuel biggest weekly gain of 2024.
Canada's banking regulator is limiting the number of highly leveraged loans in banks' residential mortgage portfolios, which have ballooned alongside house prices to make Canadian borrowers among the most indebted in the world, the Globe and Mail reported on Friday.

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.