Bear Market Rally Remains in Play Despite a few tumultuous trading days, the S&P 500 remains above its 200-week MA (3590-3600) and the Russell 2000 (IWM) remains above $163 -- both important support levels moving forward. We continue to see potential for a bear market rally (~+10% from the lows) as long as these support levels hold; bear market rallies would be confirmed by bullish reversals of the 2-month downtrends, or breaks above 3810 on the S&P 500 and above $174 on the IWM, the latter of ...
The independent financial analyst theScreener just awarded an improved star rating to PINNACLE FINANCIAL (US), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 4,...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Key Points: Gold is breaking to a one month high. Watch for a U.S. dollar decline as market internals fade. Banks continue to weigh on the market. Software names are under pressure with many falling below their respective 200-day moving averages. Value appears to be winning out over growth as interest rates rise.
NASHVILLE, Tenn.--(BUSINESS WIRE)-- Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) announced today that its Board of Directors has approved a $0.14 per share cash dividend to be paid on May 25, 2018 to common shareholders of record as of the close of business on May 4, 2018. The amount and timing of all future dividend payments will be subject to the discretion of Pinnacle’s Board of Directors. Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and s...
NASHVILLE, Tenn.--(BUSINESS WIRE)-- Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) reported net income per diluted common share of $1.08 for the quarter ended March 31, 2018, compared to net income per diluted common share of $0.82 for the quarter ended March 31, 2017, an increase of 31.7 percent. Excluding pre-tax merger related charges of $5.4 million, net income per diluted common share was $1.13 for the three months ended March 31, 2018 compared to net income per diluted common share of $0.83 for the three months en...
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