Given that longer-term earnings are positive, institutional owners could overlook Wynn Resorts, Limited’s (NASDAQ:WYNN) recent US$603 million market cap decrease.

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Wynn Resorts, Limited (NASDAQ:WYNN) stockholders may be used to determine which group is the most influential. It is evident that institutions own a 64% ownership stake in the corporation. Stated differently, the group is exposed to the greatest possible positive (or negative) possibilities. Following the company’s US$603 million market cap decline last week, institutional investors … Read more

Above SPY Stock: Best US Selections for Canadian Investing

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We have the chance to expand our portfolios as Canadian investors with a number of exceptional domestic firms. But it’s imperative that we expand into other markets. This is due to the possibility that our interests in other areas might be able to partially offset any significant blow that the Canadian economy might ever sustain … Read more

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Widest gap outside of the COVID era, the US budget deficit climbs to $1.7 trillion.

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The United States government announced on Friday that the budget deficit for the fiscal year 2023 was $1.695 trillion, a 23% increase over the previous year as a result of declining income and rising spending for Social Security, Medicare, and the nation’s historically high interest rates. The deficit, according to the Treasury Department, is the … Read more

Nvidia Dip-Buyers Disappointed by US-China Chip Conflict

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Mid-September saw the stock soar 14% over 15 trading days, which seemed like a wise wager. However, this week saw the worst five-day stretch in almost a year, with shares falling over 9%. New US regulations that target China’s access to cutting-edge technology set off the downturn. These regulations stand to undermine a portion of … Read more

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As oil rises, US airline stocks have their longest decline since mid-2021.

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The first company in the sector to release third-quarter earnings last week, Delta Air Lines Inc., lowered its forecast for 2023 profits because of rising expenses and declining prices following the epidemic. Rivals United Airlines Holdings Inc., American Airlines Group Inc., and Alaska Air Group Inc. issued a barrage of identical warnings after that. Given … Read more

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According to reports, Beijing is getting ready to block Broadcom’s $69 billion US merger as payback for Biden’s new semiconductor regulations.

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Beijing antitrust authorities took so long to review an Intel Corporation acquisition for $5.4 billion that the American chipmaker ultimately gave up. Now, the nation may attempt to sabotage a transaction almost twelve times larger by using the same tactic against another American semiconductor company. Chinese officials are considering whether to postpone approving the $69 … Read more

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