Exxon Mobil Corporation’s (XOM Quick QuoteXOM ) petrochemical joint venture (JV) with Saudi Basic Industries Corporation or SABIC in the U.S. Gulf Coast has commenced commissioning operations. The project is preparing for initial start-up in the fourth quarter, ahead of the earlier schedule.
The new complex near Corpus Christi, TX, incorporates an ethane cracker with 1.8 million metric tons per annum of capacity, which will feed one mono-ethylene glycol and two polyethylene units. The ethane cracker is expected to be the world’s second-largest unit. The mono-ethylene glycol unit will likely be the world’s largest of its kind, with 1.1 million metric tons per annum of capacity. The linear low-density polyethylene facilities will have 650,000 metric tons per annum of capacity each.
The mono-ethylene glycol and two polyethylene units reached mechanical completion by July-end. The project is likely to generate $50 billion of economic benefits in the first six years of operation. It will produce the necessary chemicals utilized in medical, automotive and packaging products.
Top 10 Medical Stocks To Buy For 2023: Washington Federal, Inc.(WAFD)
Washington Federal, Inc. operates as the bank holding company for Washington Federal, National Association that provides financial services in the United States. The company accepts deposit products, such as business and personal checking accounts, and term certificates of deposit, as well as money market accounts and passbook savings accounts. It also offers single-family residential, construction, land development, multi-family residential, commercial and industrial, consumer, and home equity loans. In addition, the company, through its subsidiaries, is involved in the real estate investment and insurance brokerage activities. It has 247 branches in Washington, Oregon, Idaho, Arizona, Utah, Nevada, New Mexico, and Texas. Washington Federal, Inc. was founded in 1917 and is headquartered in Seattle, Washington.
- [By Ethan Ryder]
Kearny Financial (NASDAQ:KRNY) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Kearny Financial (KRNY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Joseph Griffin]
Kearny Financial (NASDAQ: KRNY) and Northrim BanCorp (NASDAQ:NRIM) are both small-cap finance companies, but which is the better investment? We will compare the two companies based on the strength of their earnings, valuation, institutional ownership, risk, profitability, analyst recommendations and dividends.
Top 10 Medical Stocks To Buy For 2023: Lilium N.V.(LILM)
Lilium N.V., a transportation company, engages in the research and development of electric vertical takeoff and landing aircrafts for use in high-speed air transport system for people and goods. Lilium N.V. was incorporated in 2015 and is headquartered in Wessling, Germany.
- [By Ian Cooper]
Lilium (LILM) Source: T. Schneider / Shutterstock.com
Lilium (NASDAQ:LILM) is also well-positioned for the air mobility market. The company’s Lilium Jet is an all-electric vertical take-off and landing jet, offering leading capacity, low noise and high performance with zero operating emissions.
Top 10 Medical Stocks To Buy For 2023: Westwood Holdings Group Inc(WHG)
Westwood Holdings Group, Inc. (Westwood), incorporated on December 12, 2001, is a holding company. Through its subsidiaries, the Company manages investment assets and provides services. The Company operates through its subsidiaries, which include Westwood Management Corp. and Westwood Advisors, LLC (together, Westwood Management), Westwood International Advisors Inc. (Westwood International) and Westwood Trust. The Company operates through two segments: Advisory and Trust.
The Company’s assets are categorized into three types of accounts: institutional, private wealth and mutual funds. Institutional includes separate accounts of corporate pension and profit sharing plans, public employee retirement funds, Taft-Hartley plans, endowments, foundations and individuals; sub advisory relationships where Westwood provides investment management services for funds offered by other financial institutions; pooled investment vehicles, including Undertakings for Collective Investment in Transferable Securities (UCITS) funds and collective investment trusts; and managed account relationships with brokerage firms and other registered investment advisors that offer Westwood products to their customers. Private Wealth includes assets for which Westwood Trust provides trust and custodial services and participation in common trust funds that it sponsors to institutions and high net worth individuals pursuant to trust or agency agreements and assets, for which Westwood Management provides advisory services in approximately 10 limited liability companies to high net worth individuals. Mutual Funds include the Westwood Funds, a family of mutual funds for which Westwood Management serves as advisor.
The Company’s advisory segment comprises Westwood Management and Westwood International, and encompasses three distinct investment teams: the United States Value Team, the Global Convertible Securities Team, and the Global and Emerging Markets Equity Team. Westwood Management provides investment advisory services to large institutions, including corporate retirement plans, public retirement plans, endowments and foundations. Institutional separate account minimums vary by investment strategy and range from $5 million to $25 million. Westwood Management also provides advisory services to individuals, the Westwood Funds and UCITS funds, as well as sub advisory services to other mutual funds and pooled investment vehicles. Westwood International provides investment advisory services to large institutions, pooled investment vehicles and UCITS funds, as well as sub advisory services to the National Bank Westwood Funds, which are mutual funds offered by National Bank of Canada. Institutional separate account minimums vary by investment strategy and generally range from $10 million to $25 million. Westwood International provides advisory and sub advisory services to certain Westwood Funds, pooled investment vehicles and large United States institutions under the supervision of Westwood Management.
The Company, through Westwood Trust, provides fiduciary and investment services to high net worth individuals and families, non-profit endowments and foundations, public and private retirement plans and individual retirement accounts (IRAs). Westwood Trust’s fiduciary services include financial planning, wealth transfer planning, customizable trust services, trust administration and estate settlement. Westwood Trust also provides custodial services, tax reporting, accounting of trust income and principal, beneficiary and retiree distributions, and safekeeping of assets. Westwood Trust manages separate portfolios of equity and fixed income securities for certain agency and trust clients. Westwood Trust also sponsors various common trust funds. Westwood Trust’s common trust funds fall within two categories: personal trusts and employee benefit trusts. Westwood Trust also develops asset allocation models for certain clients utilizing mutual funds managed by Westwood Management and Westwood International, as well as from certain other mutual fund families.
- [By Stephan Byrd]
Media coverage about Westwood Holdings Group (NYSE:WHG) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westwood Holdings Group earned a news impact score of 0.03 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 45.3429608618183 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
- [By Joseph Griffin]
News coverage about Westwood Holdings Group (NYSE:WHG) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westwood Holdings Group earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.2036320266502 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Top 10 Medical Stocks To Buy For 2023: SPX FLOW, Inc.(FLOW)
SPX FLOW, Inc. provides various engineered solutions worldwide. The company engineers, designs, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids with a focus on original equipment installation, including turn-key systems, modular systems, and components, as well as aftermarket components and support services. It operates through three segments: Food and Beverage, Power and Energy, and Industrial. The Food and Beverage segment offers mixing, drying, evaporation, and separation systems and components, as well as heat exchangers, and reciprocating and centrifugal pump technologies primarily under the Anhydro, APV, Bran+Luebbe, Gerstenberg Schroeder, LIGHTNIN, Seital, and Waukesha Cherry-Burrell brands. The Power and Energy segment provides pumps, valves, and related accessories, principally for use in oil extraction, production, and transportation at wells, as well as for pipeline applications under the APV, Bran+Luebbe, ClydeUnion Pumps, Copes-Vulcan, Dollinger Filtration, LIGHTNIN, M&J Valve, Plenty, and Vokes brands. This segment primarily serves customers in the oil and gas industry, as well as in nuclear and other conventional power industries. The Industrial segment offers air dryers, filtration equipment, mixers, pumps, hydraulic technologies, and heat exchangers under the Airpel, APV, Bolting Systems, Delair, Deltech, Hankison, Jemaco, Johnson Pump, LIGHTNIN, Power Team, and Stone brands. This segment principally serves customers in the chemical, air treatment, mining, pharmaceutical, marine, shipbuilding, infrastructure construction, and general industrial and water treatment industries. The company is headquartered in Charlotte, North Carolina.
- [By Bret Kenwell]
On top of that, a full slate of sports should allow MGM and other bookmakers to generate additional sports-gambling revenue.
Stocks to Buy Amid Vaccine Strength: Wynn Resorts (WYNN)
- [By Travis Hoium (tmfflushdraw)]
The impact was swift on the stock market. Shares of Wynn Resorts (NASDAQ:WYNN) fell as much as 13.8%, Las Vegas Sands (NYSE:LVS) dropped 13.9%, and Melco Resorts & Entertainment (NASDAQ:MLCO) was off 9.1% at one point. The stocks are down 11%, 10.4%, and 6.4% at 3:15 p.m. EDT. The drop has even swept up MGM Resorts International (NYSE:MGM), which fell as much as 5.5% today.
- [By Garrett Baldwin]
Now, here’s a closer look at today’s Money Morning insight, the most important market events, and stocks to watch.
The Top Stock Market Stories for Tuesday
Today, investors will keep a close eye on developments out of the White House. The Trump administration has threatened to slap $11 billion in tariffs on the world’s largest economic trade bloc, a move that could heighten trade tensions at a time when the United States is trying to strike a deal with China. The move is reportedly tied to the EU’s ongoing efforts to allegedly offer subsidies to European airline manufacturer Airbus SE (OTCMKTS: EADSF). Products that face tariffs include wine, fish, and cheese. In deal news, Wynn Resorts Ltd. (NASDAQ: WYNN) is picking up its latest acquisition target. CNN reports the firm has offered Crown Resorts a whopping $7.1 billion in a takeover deal. If you’re looking to make big money in the U.S. and international gambling space, be sure to check our best three stocks in the sector, right here. Keep a close eye on Apple Inc. (NASDAQ: AAPL). This morning, the tech giant will look to extend its incredible 10-day winning streak. The stock just received a price target upgrade from Wedbush, from $215 to $225 per share. But if you’ve been following us, you’d know that $225 is our long-term outlook for one of the world’s top companies.
Stocks to Watch Today: LNN, BAC, BA
Earnings season kicks into full swing later this week. But investors should keep an eye out for a round of different firms that will be reporting earnings. At the head of the table today is Lindsay Corp. (NYSE: LNN). The firm reported a 21% drop in year-over-year revenue. The firm blamed the decline on divestitures in its irrigation segment.
Just Revealed: The Secret to Potentially Growing Incredibly Wealthy Buying Straight-Up Stocks
Top 10 Medical Stocks To Buy For 2023: Safeguard Scientifics, Inc.(SFE)
Safeguard Scientifics, Inc., incorporated on September 11, 1953, provides capital, as well as strategic, operational and management resources to growth-stage businesses. The Company participates in early- and growth-stage financings. The Company operates through two segments: Healthcare and Technology. The Healthcare segment’s companies focuses principally on medical technology (MedTech), including diagnostics and devices, and healthcare technology (HealthTech). The Technology segment’s companies focuses principally on digital media, financial technology (FinTech), and enterprise software, including mobile technology, cloud, Internet of Things (IoT) and big data. The Company holds interests in approximately 30 non-consolidated partner companies, which are included in the Healthcare and Technology segments.
The Company provides management and operational support, as well as ongoing planning and development assessment. It provides mentoring, advice and guidance to develop partner company management. The Company serves on the boards of directors of its partner companies, working with them to develop and implement strategic and operating plans. It measures and monitors achievement of these plans through regular review of operational and financial performance measurements. Some of the Company’s Healthcare partner companies include AdvantEdge Healthcare Solutions, Inc., Aventura, Inc., Good Start Genetics, Inc., InfoBionic, Inc. and Medivo, Inc. Some of the Company’s Technology partner companies include AppFirst, Inc., Apprenda, Inc., Beyond.com, Inc., Bridgevine, Inc., Cask Data, Inc., CloudMine, Inc. and Clutch Holdings, Inc.
- [By Stephan Byrd]
Safeguard Scientifics, Inc (NYSE:SFE) shares were down 1.1% on Monday . The company traded as low as $9.10 and last traded at $9.25. Approximately 5,073 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 100,545 shares. The stock had previously closed at $9.35.
- [By Shane Hupp]
Liberum Capital restated their hold rating on shares of Safestyle UK (LON:SFE) in a report released on Monday morning.
Shares of LON SFE opened at GBX 49.95 ($0.64) on Monday. Safestyle UK has a 12-month low of GBX 91.71 ($1.18) and a 12-month high of GBX 325 ($4.19).
- [By Shane Hupp]
Get a free copy of the Zacks research report on Safeguard Scientifics (SFE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Medical Stocks To Buy For 2023: Aluminum Corporation of China Ltd(ACH)
Aluminum Corporation of China Limited engages in the manufacture and distribution of alumina, primary aluminum, and aluminum fabrication products in the People?s Republic of China and internationally. Its Alumina segment involves in the mining and purchasing of bauxite and other raw materials, refining of bauxite into alumina, and sale of alumina. This segment also produces and sells chemical alumina, including alumina hydroxide and alumina chemicals, and metal gallium. The company?s Primary Aluminum segment engages in smelting alumina to produce primary aluminum, principally ingots for use in general aluminum fabrication in the construction, power generation, automobile, packaging, machinery, and durable goods industries. This segment also produces and sells carbon products and aluminum alloy products. The Aluminum Fabrication segment involves in the production and sale of aluminum fabrication products, including casts, planks, screens, extrusions, forges, powder, and die castings for use in the construction, power generation, automobile, packaging, machinery, and durable goods industries. The Trading segment engages in the procurement and sale of alumina, primary aluminum, and aluminum fabrication products, as well as relevant metal products, and raw and ancillary materials. The company also engages in the manufacture and distribution of metal materials; sale of general machinery and equipment; production, acquisition, and distribution of limestone ore, aluminum magnesium ore, and related nonferrous metal products; aluminum smelting, manufacture, and distribution of nonferrous metals; and generation and supply of electricity, as well as in iron ore mining and coal mining activities. Aluminum Corporation of China Limited was founded in 2001 and is based in Beijing, China.
- [By Neha Chamaria (TMFNehams)]
Aluminum Corporation of China (NYSE:ACH) shares were on fire this week, popping almost 24% on heavy volumes by Sept. 9 to hit 52-week highs before cooling off a bit. The stock was still up 18% this week as of 3 p.m. EDT Friday, thanks to an unexpected event that has rattled global aluminum markets.
- [By Jon C. Ogg]
Aluminum Corp. of China Ltd. (NYSE: ACH) was trading up over 7% at $11.88 in New York trading. The 52-week range is $9.20 to $23.54.
Century Aluminum Co. (NASDAQ: CENX) was down 13.3% at $10.30, and it now has a new 52-week range of $10.13 to $24.77, with that low being put in on the same day.
- [By Max Byerly]
Aluminum Corp. of China Limited (NYSE:ACH) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company.
Top 10 Medical Stocks To Buy For 2023: Cheniere Energy Partners LP Holdings, LLC(CQH)
Cheniere Energy Partners LP Holdings, LLC, through its interest in Cheniere Energy Partners, L.P., owns and operates liquefied natural gas (LNG) regasification facilities at the Sabine Pass LNG terminal located on the Sabine Pass deep water shipping channel. It also owns the 94-mile Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with various interstate pipelines. The company was founded in 2013 and is based in Houston, Texas. Cheniere Energy Partners LP Holdings, LLC is a subsidiary of Cheniere Energy, Inc.