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Netflix, Inc. (NFLX) has shed a quarter of its value this year. But that decline isn’t the worst of the story. The once-beloved streaming entertainment stock resides nearly 44% below its 52-week high as of Sept. 29. Those data points imply that traders wanting to play this battered stock via ETFs would do well to…
Processing Content Key insight: A long-time Illinois banker has been banned from the industry for approving mortgages based on faulty appraisals. Expert quote: Burns “ignored inconsistencies and irregularities in the appraisals that should have called into question their accuracy.” —Federal Reserve enforcement action. Forward look: The prohibition order against Burns is indefinite and can only…
Home Depot (HD +1.75%) will report second-quarter earnings on Aug. 18. Analysts expect revenue of $47.2 billion, up about 4% from the year-ago quarter. Adjusted earnings per share are projected at $4.73, slightly higher than last year’s $4.68. One compelling reason to buy the stock now is Home Depot’s roughly $700 billion opportunity in the…
“I’m curious whether there’s a downside.”
Key insight: A federal judge ruled the Federal Deposit Insurance Corp. can keep $1.71 billion that SVB Financial had deposited at Silicon Valley Bank, blocking creditors from recovering the funds. What’s at stake: Wall Street investors bought Silicon Valley Bank parent company debt at a discount and had counted on the FDIC covering that deposit. …
US President Donald Trump uses a cellphone aboard Marine One before it departs Leesburg Executive Airport in Leesburg, Virginia, on April 24, 2025. Alex Wroblewski | Afp | Getty Images President Donald Trump was sued on Wednesday over the controversial sale of advance notifications of his posts on Truth Social. The lawsuit, filed in U.S….