On Wednesday, the Fed announced a 25bps rate hike but still not give clear attitude toward pausing rake hike. The major indexes closed with slight drop.There are some companies experienced roller coaster ride after the earnings release. You can find the stocks that rose or fell most in "Movers & Shakers" on Tiger Trade app.In this article, we gonna brief 5 companies: $Bio-Techne(TECH)$ , $Eli Lilly(LLY)$ , $Estee Lauder(EL)$ , $Starbucks(SBUX)$, $Qu
1. $Kenvue Inc.(KVUE)$ will begin trading on NYSE on Thursday $Johnson & Johnson(JNJ)$ 's consumer health business, Kenvue, will be officially listed on the New York Stock Exchange on May 4, Eastern Time, under the stock code "KVUE" $Kenvue Inc.(KVUE)$ .Kenvue plans to issue 151.2 million common shares in this IPO, with an issuance range between $20 and $23 per share. Goldman Sachs, JPMorgan Chase, Bank of America, Citigroup, Deutsche Bank, BNP Paribas and other top international investment banks participated in this offering.It is worth mentioning that the actual issue size of Kenvue has been further increased to 172.8 million common shares at an issue price
In a widely anticipated move, the US Federal Reserve raised interest rates for the 10th time in just over a year. The Fed fund rate now stands at a target range of 5%-5.25%, which is the highest it has been since August 2007.Source: Bloomberg During the news conference that followed the meeting, Chairman Jerome Powell confirmed that "a decision on a pause was not made today." This is despite the omission of a sentence stating that “the Committee anticipates that some additional policy firming may be appropriate." It appears that the Fed has finally reached the terminal rates it had set out to achieve. S&P 500 & Nasdaq Index, Source: Bloomberg The bond markets initially priced a rate hike in the June Fed meeting. However, the sentiment soon changed into a likely rate pause
Can draw down line with $JPMorgan Chase(JPM)$ or con't Fed borrow but comes at high cost (approx. 5%) & not a LT solution. Must sell assets at some point. So, will approach from this angle...Cash/AFS/HTM raise $31B (Tang BV now $8.8B p losses)Sell $85B of loan book at 8% haircut comes = $79BNot all bank balance sheets are built the same.$JPMorgan Chase(JPM)$ +3.5% YTD$Bank of America(BAC)$ -1.0% YTD$Wells Fargo(WFC)$ +6.9% YTD$SVB Financial Group(SIVB)$ +16.4% YTD
Hi Tigers,💰Don't miss the last chance to buy the 18 top ex_dividend stocks next week💰Welcome tigers to reply on stock you are interested in and add your personal understandings of its business or earnings. Quality comments will be rewarded. Thanks!The following companies going to ex-dividends on 6 Mar--10 March 2023 EDT , each of the company with a dividend higher than $1 offer for each share.Please watch closely on the Last Chance(before Ex_Dividend Date) to buy the company if you still keep a bullish attitude on it, then you are eligible for the upcoming dividends.Top Ex-dividend over $1 during 6 Mar -10 Mar 2023EX-Dividend DateCompanyDividends Per Share($)Dividend Pa