Nuance Stock Enters Watchlist Territory With Improved RS Rating

When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock that fits that bill is Nuance Communications (NUAN), which had its Relative Strength (RS) Rating upgraded from 77 to 81 Thursday. Its over-80 RS Rating makes Nuance stock a candidate for your watchlist. X When… Continue reading Nuance Stock Enters Watchlist Territory With Improved RS Rating

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Avant, online lender to near-prime consumers, buys a neobank

The online lender Avant, which has offered credit to near-prime customers since 2013, is a step closer to becoming a full-fledged bank. The Chicago fintech acquired a neobank called Level and its parent company, Zero Financial, on Wednesday for an undisclosed amount of cash and stock. The acquisition will allow Avant to offer a checking… Continue reading Avant, online lender to near-prime consumers, buys a neobank

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IBD 50 Stocks To Watch: How A Little-Known Kazakhstan Firm Landed On The Premier Growth List

It’s been a year since Freedom Holding (FRHC) provided investors with a buy zone; finally, a new buy area is emerging for the stock. Freedom is today’s selection for IBD 50 Stocks to Watch and one of the fastest-growing financial stocks. X The stock is forming a cuplike base with a 61.87 buy point. After… Continue reading IBD 50 Stocks To Watch: How A Little-Known Kazakhstan Firm Landed On The Premier Growth List

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Sonic Automotive Roars Into 2021 With Strong Profit Gain, Return To Sales Growth

Auto dealership and collision repair center operator Sonic Automotive has stayed profitable every quarter of the pandemic, though sales declined in the early quarters last year. Sales revved up by end of the year and profit roared 55% higher, to a record, in the final quarter. As a result, the Relative Strength (RS) Rating for… Continue reading Sonic Automotive Roars Into 2021 With Strong Profit Gain, Return To Sales Growth

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Industry was strong enough without dividend, buyback curbs: Quarles

WASHINGTON — In response to the COVID-19 crisis, the Federal Reserve took novel steps to measure and strengthen bank capital. But now, the central bank’s top supervisory officials says some extradordinary measures were unnecessary, and the Fed could have just stuck with its normal stress test regime. Due to the pandemic, the Fed complemented its… Continue reading Industry was strong enough without dividend, buyback curbs: Quarles

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Sea Limited E-Commerce Revenue In Fourth Quarter Soars

Asian e-commerce and gaming company Sea Limited (SE) reported fourth-quarter results early Tuesday that well exceeded analyst revenue estimates as sales doubled. Sea stock jumped. X Sea reported fourth-quarter revenue of $1.56 billion, gaining 100.7% from the previous year. However, for clarification, Sea discontinued reporting revenue on an adjusted, non-GAAP basis in the third quarter.… Continue reading Sea Limited E-Commerce Revenue In Fourth Quarter Soars

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Will floundering FSOC gain more relevance under Yellen?

WASHINGTON— Following the 2008 financial crisis, lawmakers created the Financial Stability Oversight Council to serve as an early-warning system to identify future threats before the next meltdown. But since its inception, the group has floundered, with many questioning what’s in store for the body’s future. The Dodd-Frank Act gave the FSOC the power to designate… Continue reading Will floundering FSOC gain more relevance under Yellen?

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AMOCO Federal Credit Union OK'd for field-of-membership expansion

The National Credit Union Administration has approved a massive field-of-membership expansion for Texas-based AMOCO Federal Credit Union, increasing its potential membership to nearly 2.5 million consumers across six counties. Specifically, the expansion includes the addition of 477 census tracts of underserved consumers who are now eligible to join the credit union. Membership was previously only… Continue reading AMOCO Federal Credit Union OK'd for field-of-membership expansion

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Biden plans to order climate risk strategy for financial assets

President Biden plans to direct his administration to develop a strategy on climate-related risks for public and private financial assets, according to a draft document seen by Bloomberg News. The governmentwide strategy is set to be developed within 120 days under an executive order that’s nearing completion, according to a person familiar with the matter.… Continue reading Biden plans to order climate risk strategy for financial assets

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M&T to buy People's United; rate rise adds to pressure on homebuyers

Mortgage rates recorded “their biggest jump in more than a year last week, as higher Treasury yields and a rise in inflation expectations begin to feed through to the real economy, ” the Financial Times reported. Although the average 30-year mortgage rate remains slightly below 3%, “consumers are rushing to secure cheap mortgages while they… Continue reading M&T to buy People's United; rate rise adds to pressure on homebuyers

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