Category: Blog
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J&J’s CEO announces he’s stepping down
Johnson & Johnson Chief Executive Alex Gorsky is stepping aside, handing over the reins to the world’s largest health-products company to a longtime lieutenant after nearly a decade at the helm. Mr. Gorsky, who is 61 years old, will become J&J’s executive chairman effective Jan. 3. Joaquin Duato, who had led J&J’s pharmaceuticals business before…
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Markets drop over 1% at the end of the day
Stock losses accelerated toward the end of the trading session, leaving major indices around session lows by the time the market closed. The Fed minutes, released Wednesday afternoon, showed most officials believe the economic recovery has advanced enough that the central bank could begin the tapering process sometime this year. That put some pressure on stocks, which…
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Main Street Capital announces $38.5 million in investments
Main Street Capital announced $38.5 million across three investments. Two are new to their portfolio and one is a follow-on investment to promote the growth of an existing portfolio in their stable of companies. Main Street recently completed a new portfolio investment to complete the minority recapitalization of The Affiliati Network, LLC (“Affiliati”), a leading…
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Target sales up 8.9% year over year
Let’s hope that waning consumer confidence doesn’t drag things down as summer moves into fall. Target Corp. TGT -1.32% reported increased revenue in the second quarter as more people returned to stores and online spending moderated compared with last summer, when the Covid-19 pandemic upended shopping habits. The retailer said comparable sales, which include in-store and online purchases, for…
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Regaining some lost ground
Regained some lost ground last week, possible class action law suit brewing for Hoegh LNG Partners, employers increasingly looking towards vaccine mandates, companies hoarding cash, and much more!
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3 reasons why Genuine Parts (GPC) is an incredible growth stock
Zacks.com highlights some positives that make Genuine Parts (GPC) a stock to watch for growth investors. They cite earnings growth, cash flow growth, and promising earnings estimate revisions as key factors. Genuine Parts (GPC) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it…