Left-for-dead SMID-cap chemicals and ammunition manufacturer Olin (OLN) is in the throes of a “bearish-to-bullish” reversal, with the completion of the initial bottoming-out formation implying a move to around the $29 level. The stock traded at $24.90 at the time of this writing. We’re buyers here. Here are three charts showing the bullish turnaround: DISCLOSURES:…
NFL MVP Josh Allen signs with New Balance Courtesy of New Balance NFL MVP Josh Allen has left Nike to sign an endorsement deal with New Balance. The Buffalo Bills quarterback announced the news on Friday in a letter to his hometown of Firebaugh, California. The deal is a major win for Massachusetts-based New Balance….
Roughly $198.3 million goes straight to the IRS The Powerball jackpot winner can expect a large upfront federal tax withholding. The IRS requires a mandatory 24% withholding for prizes that exceed $5,000. If you choose the $826.4 million cash option, the 24% federal tax withholding automatically reduces your winnings by $198.3 million. But the windfall…
A sign is posted in front of a home for sale on Aug.27, 2025 in San Francisco, California. Justin Sullivan | Getty Images The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It marks the…
Check out the companies making the biggest moves midday: Quanex Building Products — The solar and refrigeration parts manufacturer shed 13% on weaker-than-expected fiscal third-quarter earnings. Quanex earned an adjusted 69 cents per share. The company also trimmed its fiscal 2025 guidance. Campbell’s — The food company’s stock is continuing to climb in the wake…
There is more than enough focus on Wall Street about what the Fed will do next, and Friday’s weak nonfarm payrolls report will add to expectations for a rate cut. But maybe there is not enough planning among investors about what they should do to preserve the hefty gains embedded in market portfolios since the…
It’s finally Home Depot’s time to shine. “[Home Depot] is about to go higher. That’s what you buy right here, right now,” Jim Cramer said on CNBC’s “Squawk on the Street” on Friday morning. Jim’s commentary came after a weak August jobs report, which sent the 10-year treasury yield sliding to its weakest levels since April…
Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Powerball fever is spreading as the jackpot hits $1.7 billion — making it the third-largest prize in U.S. lottery history. The enthusiasm for the gargantuan pot is fueling business on Jackpocket, a lottery courier owned by DraftKings and available in 16 states. DraftKings said 15…
Hock Tan, CEO of Broadcom. Martin H. Simon | Bloomberg | Getty Images Broadcom shares soared 15% on Friday after the chipmaker said on its earnings call that it had secured a new $10 billion customer. Analysts quickly pointed to OpenAI. Following a better-than-expected earnings report late Thursday, Broadcom CEO Hock Tan told analysts that…
Check out the companies making headlines before the bell: Broadcom — The chipmaker jumped 10.4% after beating both lines for the third fiscal quarter. The company also said its artificial intelligence-related revenue surged 63%. Lululemon Athletica — The athleisure company sank 19% after its full-year guidance missed estimates . Lululemon expects fiscal-year earnings of $12.77…
