Morning Movers Gapping up $Tesla (TSLA.US)$stock rose 0.9% following the European Commission's reduction of tariffs on the EV maker's China-built cars. $Medtronic (MDT.US)$stock increased by 0.5% after the company raised the lower end of its annual profit forecast, expecting continuous demand for its medical devices and growth from new products. $Coinbase (COIN.US)$stock jumped 2.3% as the cryptocurrency exchange saw benef...
Indexes hit a five-day winning streak to start the week Monday as the Democratic National Convention began. But instead of any stock market-related news from the Harris campaign, investors focused on the wait for Federal Reserve Chair Jerome Powell to speak about monetary policy at Jackson Hole on Friday. Investors are hoping for a hint about rate cuts. The S&P 500, Dow Jones Industrial Average, and Nasdaq were...
affable Blobfish_403
:
What is the purpose of frantically boosting the stock market? A general election? Cut the chives? If something goes wrong, there must be a demon!
Cypher
:
“…and speculating on the outcome of the Jackson Hole speach form Powell.” It’s speech* not speach. Just more typos from these moomoo articles bots. A daily occurrence
Cypher
:
“There are tech firms aswell, with $Zoom Video Communications (ZM.US)$ and Wednesday.” I’m sure they ment on* Wednesday. Those bots are out of control
The President & COO's sale of all holdings, even below current price, could be seen negatively, implying they deemed a lower price reasonable. However, it's not a clear sign that insiders think shares are fully valued. The absence of insider purchases in the past year, along with recent selling, calls for caution.
Fabrinet's short term liquidity and net cash position suggest easy debt payoff. Its balance sheet isn't stretched, and it doesn't carry heavy debt. With 66% of its EBIT converted to free cash flow, it's well-positioned for debt reduction when needed. Thus, Fabrinet's debt usage isn't seen as risky.
Insider sales of Fabrinet shares, including a significant sale by the Lead Independent Director, and the absence of insider purchases over the past year may raise investor concerns. Despite insiders owning a part of the company, the sales history suggests caution before buying Fabrinet shares.
Fabrinet Stock Forum
Gapping up
$Tesla (TSLA.US)$ stock rose 0.9% following the European Commission's reduction of tariffs on the EV maker's China-built cars.
$Medtronic (MDT.US)$ stock increased by 0.5% after the company raised the lower end of its annual profit forecast, expecting continuous demand for its medical devices and growth from new products.
$Coinbase (COIN.US)$ stock jumped 2.3% as the cryptocurrency exchange saw benef...
Larger Image: tradingview.com...
$Fabrinet (FN.US)$
The S&P 500, Dow Jones Industrial Average, and Nasdaq were...
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