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☆ Investors should take a look at these high-yield bond ETFs with tax advantages, Bank of America says
▼ + stars: | 2024-02-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

"Investors have registered $195mn of outflows from HY muni ETFs over the past year while piling $3,130mn into long duration US Treasury bond funds. … In our view, Treasury bond ETFs have too much inflation risk and will continue to underperform Prudent Yield credit assets. Municipal bonds are debt issued by state and local governments whose interest payments can be tax-free for investors. But municipal bonds look relatively safe within that group, according to Bank of America. Bank of America's top-rated municipal bond ETFs include the SPDR Nuveen Bloomberg High Yield Municipal Bond ETF (HYMB) and the VanEck High Yield Muni ETF (HYD) .

Persons: Jared Woodard, Woodard, munis, HYMB Organizations: Bank of America, HY muni, …, Federal Reserve, Bank of America's, Bloomberg, ETF, Muni Locations: HY

☆ Here are Tuesday's biggest analyst calls: Netflix, Apple, IBM, Coinbase, Nike, Domino's, Meta, Charles Schwab and more
▼ + stars: | 2023-12-05 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Goldman Sachs reiterates Nike as buy After a transfer of analyst coverage, Goldman Sachs said it sees improving growth for Nike shares. UBS downgrades United Rentals to neutral from buy UBS said in its downgrade of the equipment rental company that it sees a more balanced risk/reward. UBS reiterates Apple as neutral UBS said its analysis of Apple's App Store shows revenue increasing. UBS reiterates Netflix as buy UBS said it's standing by its buy rating on Netflix shares after hosting the company at a conference. William Blair reiterates Charles Schwab as outperform William Blair named Schwab a top pick for 2024, noting it's well-positioned.

Persons: Raymond James, Piper Sandler downgrades Albemarle, Piper Sandler, it's, Goldman Sachs, Roth, Roth MKM, TD Cowen, Bernstein, Mizuho downgrades Prologis, Wells, Wells Fargo, Oppenheimer, Domino's, Elliott, Morgan Stanley, Meta, Needham, Coinbase, JPMorgan, Raymond James downgrades Lululemon, LULU, Strong, William Blair, Charles Schwab, Schwab Organizations: Crescent Energy, Energy Company, Eagle Ford, UW, Nike, Bank of America, UBS, Credit Suisse, Yale, HY, United Rentals, Apple, Semiconductors, JPMorgan, IBM, Consulting, Mizuho, Marriott, of America, Netflix, Management, Integra, Financial, ISI, Disney, BR, Cargo Therapeutics, Citi, Travere Therapeutics Locations: Houston, Uinta, Eagle, LTHM, 2024E, 2025E, Argentina, Boston, China, Mexican

☆ A default cycle has started amid the Fed's high interest rates, economists say. These 4 charts explain how severe it is.
▼ + stars: | 2023-11-27 | by ( Aruni Soni | ) www.businessinsider.com time to read: +3 min

A default cycle has started, spurred by high rates and debt costs, economists at Apollo Management said. Data on default rates and bankruptcy filings show just how severe the situation is. Advertisement"A default cycle has started with bankruptcy filings rising, and default rates will continue to rise over the coming quarters, impacting in particular middle market companies," they added. US Speculative grade default rates Apollo Management"The ongoing rise in default rates is not just a 'normalization.' AdvertisementUS bankruptcy filings Apollo ManagementWeekly bankruptcy filings for companies with at least $50 million in liabilities Apollo ManagementSløk has previously said that the Fed's rate hikes were to blame for higher bankruptcies.

Persons: —, Torsten Sløk, Sløk, Apollo Management Sløk, Nicholas Colas, Moody's Organizations: Apollo Management, Service, HY, Apollo, DataTrek, Management Locations: Moody's, Europe

☆ US high-grade corporate bond spreads to tighten in 2024 :JPM
▼ + stars: | 2023-11-21 | by ( Matt Tracy | ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 21 (Reuters) - Spreads on U.S. corporate high-grade bonds are likely to tighten in 2024, according to JPMorgan (JPM.N). In a report published on Monday, JPMorgan forecast that returns on high-grade bonds will reach new highs in 2024 that will continue through the end of the year. The bank anticipates total returns on high-grade bonds climbing to 12.4% by year-end 2024 from 1.8% currently. Lower new bond supply next year will contribute to high-grade spreads' tightening, according to the report. At the same time as it expects high-grade spreads to tighten next year, JPMorgan forecast that high-yield bond spreads will widen.

Persons: Brendan McDermid, HG, Matt Tracy, Marguerita Choy Organizations: Wall, REUTERS, JPMorgan, HG, Federal Reserve, Treasury, UST, Thomson Locations: New York, U.S

☆ Treasuries see first weekly outflow since Feb as investors buy stocks
▼ + stars: | 2023-11-17 | by ( Lucy Raitano | ) www.reuters.com time to read: +2 min

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. Investors snapped up $23.5 billion in stocks in the week to Nov. 15, marking the second largest weekly inflow into equities of 2023. Cash funds saw inflows of $20.5 billion, BofA said, and overall investors bought $2.6 billion in bonds, marking a sixth week of inflows. Outflows from emerging markets debt continued for the 16th week, with EM funds shedding $1.6 billion in the latest week. BofA's bull & bear indicator, a measure of market sentiment, rose marginally to 1.7 from 1.6, a contrarian "buy" signal, said BofA.

Persons: Kevin Lamarque, Cash, BofA, financials, Lucy Raitano, Amanda Cooper, Chizu Organizations: Department of, U.S . Treasury, REUTERS, Treasury, Bank of America, Investors, Federal Reserve, Thomson Locations: Washington , U.S, U.S, United States, Europe

☆ Singapore Airlines posts record half-year profit as air travel demand soars
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

A Singapore Airlines plane is seen among the planes in the static display at the Singapore Airshow in Singapore, February 16, 2022. "The robust demand for air travel continued into the Northern Summer travel season, led by the rebound in passenger traffic to North Asia with the full reopening of China, Hong Kong SAR, Japan, and Taiwan," the airline said in a statement. Singapore Airlines and its budget arm, Scoot, carried around 17.4 million passengers during the half-year, an increase of 52.3% year-on-year. The firm also intends to redeem 50% of the zero-coupon mandatory convertible bonds (MCBs) that it issued in June 2021 to support its balance sheet amid an almost total shutdown of air travel during the pandemic. ($1 = 1.3543 Singapore dollars)Reporting by Rishav Chatterjee and Nausheen Thusoo in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Caroline Chia, Rishav Chatterjee, Nausheen, Janane Organizations: Singapore Airlines, Singapore, REUTERS, Companies, India, Air India, India's Tata Group, Thomson Locations: Singapore, Asia, North Asia, China , Hong Kong SAR, Japan, Taiwan, Bengaluru

☆ Defaults of high-yield corporate bonds are accelerating and could bring a $46 billion wave of distressed debt in 2024, Bank of America says
▼ + stars: | 2023-11-03 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The US could see a $46 billion wave of distressed high-yield debt next year, BofA warned. Higher interest rates could cause defaults and bankruptcies to peak in early 2024, experts warn. AdvertisementAdvertisementThat amounts to $35 billion in those three sectors alone, or around 75% of all high-yield defaults expected next year, strategists said. Federal ReserveExperts have been warning of a wave of defaults and bankruptcies to hit the market, especially as interest rates remain higher-for-longer. Meanwhile, total US bankruptcies and debt defaults could peak sometime in the first quarter of 2024, Charles Schwab estimated.

Persons: BofA, —, Charles Schwab Organizations: Service, Bank of America, " Bank of America, HY, Treasury, ICE Bank of America, Federal

☆ BofA: Investors sell stocks, buy bonds; shun emerging markets
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsLONDON, Oct 13 (Reuters) - Investors sold stocks and bought bonds in the week to Wednesday, Bank of America Global Research said in a note on Friday, while investors continued to shun emerging market assets. Equities had a weekly outflow of $8.2 billion, BofA said, citing EPFR data, while investors favoured the relative safety of bonds, which had inflows of $3.7 billion. Inflows into Treasuries totalled $7.2 billion, the largest weekly inflow since March 2023, BofA said. Investors dumped emerging market debt and stocks in the latest week, with outflows from equities at $4.3 billion, their largest weekly outflow since May 2022, BofA said. The 10-year yield was last at 4.6248%.

Persons: Brendan McDermid, BofA, Michael Hartnett, Hartnett, BofA's, Samuel Indyk, Amanda Cooper, Jane Merriman Organizations: New York Stock Exchange, REUTERS, Bank of America Global Research, Investors, Thomson Locations: New York City, U.S, Treasuries

KANSAS CITY, Mo. (AP) — Travis Kelce has long prided himself on his ability to compartmentalize his personal life and his professional life. Ever since the All-Pro tight end's budding relationship with pop superstar Taylor Swift surfaced shortly before the Kansas City Chiefs' game against the Chicago Bears last month, Kelce has become an A-list headline-maker in his own right. Asked whether Kelce was surprised by the sudden interest in him, and his relationship with Swift, he replied: “It’s worldwide, man — worldwide. It’s been magnified for sure.”All the while, Kelce has been trying to help the Chiefs defend their Super Bowl title.

Persons: — Travis Kelce, Taylor Swift, Kelce, ” Kelce, You've, Kelce didn't, Swift, Donna Kelce, Jason Kelce, “, They've, ”, he's, Patrick Mahomes, Klay Thompson, Stephen Curry, “ I've, I've Organizations: KANSAS CITY, Kansas City Chiefs, Chicago Bears, Chiefs, Jets, Philadelphia Eagles, Farm, Hy, Vee, Pfizer, Experian, AMC Entertainment Holdings, NFL, Super, “, Lions, Pro Bowl, AFC West Locations: KANSAS, Mo, New York, Kansas City, ”, Detroit, Minnesota

☆ 44-year-old quit his $2.3 million job without a backup—here's why he's never been happier
▼ + stars: | 2023-08-23 | by ( Joanne Lipman | ) www.cnbc.com time to read: +3 min

The Power of Reinvention in Life and Work," about how to navigate change and find meaning in the way we live and work. It was a scary few years that followed, but he's never been happier, despite earning much less. He credits his successful career change to two things: setting the groundwork before quitting and being vulnerable enough to seek guidance. He didn't know it at the time, but this groundwork would later be essential to building a happy life after BlackRock. Hy's life coach gave him the tools to navigate his emotions and helped him explore questions like, "Why am I so obsessed with work?"

Persons: Hy, he's, Jeff Bezos Organizations: Yale, BlackRock Locations: New York, California

☆ Make these 9 top investments in a 'stock-picker's market' as economic growth continues, according to a bear-turned-bull whose hedge fund is up 155% in the last 5 years
▼ + stars: | 2023-08-12 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Standout hedge fund manager Charles Lemonides came into the year careful but is now more optimistic. Heading into 2023, hedge fund manager Charles Lemonides was preparing for the worst. His hedge fund is down 8% in 2023 through May, though it's still up 155% in the past five years. The hedge fund manager said the economy can take another rate hike or two, even though investors may groan about it. The hedge fund manager is currently bullish on energy stocks broadly — particularly those in the oil and gas industry.

Persons: Charles Lemonides, Lemonides, hasn't, it's, We've, he's, Goldman Sachs Organizations: Investors, Federal Reserve, Netflix, Energy, P Oil & Gas Exploration, Production, Unit Corp, United Natural Foods, Yale Materials, Foods Locations: financials

☆ Ed Sheeran, Lana Del Rey and more celebs are popping up in surprising spaces
▼ + stars: | 2023-07-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

So why are stars with the means to hide away suddenly out and about in unexpected public places? Something to sip on…David Letterman visits a Hy-Vee store in Iowa on Friday, July 21, 2023. From Hy-VeeDavid Letterman could totally have been forgiven for visiting Des Moines, Iowa, recently and staying in his hotel room. Instead, the former late-night host was bagging groceries at a Hy-Vee grocery store and using his famous voice on the store’s PA system. “Yellowstone” creator Taylor Sheridan has recruited some heavy hitters for his action thriller series “Special Ops: Lioness,” about a special forces unit led by a tougher-than-nails CIA operative named Joe played by Zoe Saldaña.

Persons: Keyser, ”, David Letterman, Vee David Letterman, Letterman, Rahal Letterman Lanigan, Lana Del Ray, “, Ed Sheeran, Symoné, Rodin Eckenroth, Miranda Maday, Keke Palmer, Carly Rae Jepsen, Mike Pont, Carly Rae Jepsen’s, it’s, Jepsen, “ It’s, “ There’s, Can’t, … Zoe Saldana, Joe, Greg Lewis, Taylor Sheridan, Zoe Saldaña, Nicole Kidman, Morgan Freeman Organizations: CNN, Hy, Vee, Waffle, Air & Space Museum, Getty, Paramount, Yellowstone Locations: Iowa, Des Moines , Iowa, ”, Alabama, Nashville, Los Angeles , California, America, New York City

☆ Estate agent Foxtons says London renters keen on home purchases as rents soar
▼ + stars: | 2023-07-27 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Foxtons CEO Guy Gittins told Reuters that there is an extreme imbalance between supply and demand in the rental market, driving up prices. The number of lettings applicants registering with the company has surged 172% currently compared to pre-pandemic 2019. Foxtons said it expects the wider home sales market to remain challenging as high mortgage costs and tight credit conditions make home purchases less affordable. The company posted a 10% jump in half-year adjusted operating profit at 6.8 million pounds ($8.8 million), mainly on strength of its prime lettings business. The group's revenue from continuing operations grew 9% to about 71 million pounds, while revenue from the lettings division jumped 26%.

Persons: Guy Gittins, Gittins, Foxtons, Aby Jose Koilparambil, Eileen Soreng Organizations: HY, Reuters, Thomson Locations: London's, London, Bengaluru

☆ UK's FTSE 100 slips on dour earnings; NatWest falls
▼ + stars: | 2023-07-26 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The FTSE 100 index (.FTSE) lost 0.2%, while the more domestically focussed FTSE 250 midcap index (.FTMC) was flat. UK earnings season picked up pace with Lloyds Banking Group(LLOY.L), Britain's biggest mortgage lender, posting a pre-tax first-half profit below analysts' forecast compiled by the bank. The lender fell 2.7%, while the UK banks index (.FTNMX301010) slipped 0.9%. Rolls-Royce (RR.L) soared 19.3%, to hit its highest level in over three years after the aero-engineering company raised its full-year operating profit forecast. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen Soreng and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

Persons: Royce, Aston Martin, Alison Rose, Nigel Farage, Georgina Cooper, Aston, Shashwat Chauhan, Eileen Soreng, Sohini Organizations: HY, U.S, Fed, Lloyds, NatWest, NatWest Group, BBC, Lloyds Banking Group, BNY, Equity, Rio Tinto, Royce, Dunhill, Tobacco, Aston Martin Lagonda Global Holdings, U.S . Federal Reserve, Thomson Locations: Rio Tinto, London, Rio, Bengaluru

☆ While Lana Del Rey was serving customers at a Waffle House, David Letterman was bagging groceries in Iowa
▼ + stars: | 2023-07-23 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Like Lana Del Rey’s apparent new gig moonlighting as a waitress at an Alabama Waffle House, late night icon David Letterman, too, landed a new job… sort of. Letterman is seen in the video perusing the aisles of the Hy-Vee, bagging groceries, eating uncooked minestrone soup and telling customers on the loudspeaker that “today and today only,” celery was free. Letterman was reportedly in Des Moines over the weekend to attend the Hy-Vee IndyCar Race, where Christian Lundgaard was driving the No. Last week, videos showing the singer donning a Waffle House uniform while serving customers from behind the counter began to circulate on social media. Letterman and Del Rey aren’t the only famous faces to surprise patrons as unsuspecting staff members in recent months.

Persons: Lana Del Rey’s, David Letterman, he’s, “, ”, Letterman, Christian Lundgaard, Rahal Letterman Lanigan, Del Rey, Ben Affleck, Dunkin, Ariana Maddix Organizations: CNN, Alabama Waffle House, Hy, Vee Locations: Iowa, Indianapolis, Des Moines, Alabama, California

☆ Why the Kennedys keep going back to their Hyannis Port compound after generations of tragedy
▼ + stars: | 2023-07-03 | by ( Raquel Laneri | ) www.businessinsider.com time to read: +10 min

In 1928, Joseph Kennedy bought a white-shingled cottage in Hyannis Port, Massachusetts, for $25,000. The main home in the Kennedy family compound in Hyannis Port, Mass. AP/Stew MilneHyannis Port became a homeBefore the Kennedys rolled into Hyannis Port, they had trouble establishing a summer home in coastal Massachusetts. Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, John F. Kennedy and Jean Kennedy play footballl while on vacation at the Kennedy compound in June 1953 in Hyannis Port, Massachusetts. (His father stayed in his Hyannis Port bedroom for five days listening to classical music when he heard the news.)

Persons: Joseph Kennedy, Kennedy, It's, —, Royce, Kate Storey, Joseph, John, Robert, John F, Robert F, Kennedy Jr, Robert's, John Kennedy, Carolyn Bessette, Saoirse Kennedy, Storey —, Stone —, it's, Stew Milne, Rose, Honey Fitz, Fitzgerald, Boston, Storey, Gloria Swanson, Franklin D, Roosevelt, Eunice Kennedy, Jacqueline Bouvier, Edward Kennedy, Jean Kennedy, footballl, Hy Peskin, Eunice, John's, Ethel, Jacqueline, Rosemary Kennedy, Joseph Jr, Kathleen, Robert Jr, Bobby Shriver, Joseph P, Ted Kennedy's, John Jr, Caroline, Jackie, Maria Shriver, Arnold Schwarzenegger, Caroline Kennedy's, Edwin A, Pat, Ted, what's Organizations: Service, Hyannis Port, Kennedy Hyannis Museum, Stone, Stew Milne Hyannis Port, Catholic, Hollywood, Big, Senate, Democrat, Kennedys, Big House, Kennedy Library Foundation, Democratic, Getty, Camelot Locations: Hyannis Port , Massachusetts, Boston, Hyannis, Cod, Hyannis Port, Hyannis Port ,, Stew Milne Hyannis, Massachusetts, Palm Beach , Florida

☆ Even the US Navy's best submarines couldn't get anywhere near the wreck of the Titanic
▼ + stars: | 2023-06-22 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

A search is on for a civilian submersible that went missing while trying to explore the Titanic. The wreck of the Titanic is under about 12,500 feet of water in the North Atlantic Ocean. The US Navy's submarine fleetVirginia-class sub USS North Dakota during sea trials in the Atlantic Ocean in August 2013. Reuters/US Navy HandoutThe United States Navy operates some of the most advanced and capable submarines ever to sail, commonly split into three operational categories: ballistic-missile subs, guided-missile subs, and attack subs. Guided-missile submarines are the same platforms as the Navy's boomers, but were converted to launch conventional munitions and deploy special-operations troops.

Persons: —, submersibles, Amanda Gray America's, Patrick Tyler's, Janes, Ashley, it's, HY Organizations: Service, OceanGate Expeditions, Polar, US Coast Guard, Reuters, US Navy, United States Navy, Los, Anadolu Agency, Washington Post, Naval Submarine Base, OceanGate Locations: Virginia, North Dakota, Ohio, Los Angeles, Angeles, Los, Amanda Gray America's Los Angeles, Tennessee, Bay, Georgia, America's Ohio

☆ Who's going to work on all these AI projects at the big banks?
▼ + stars: | 2023-05-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Everyone seems to agree that artificial intelligence is going to upend Wall Street. Insider's Paige Hagy and Bianca Chan have a fascinating story on how AI talent doesn't seem to be sticking around at big banks. What's even more foreboding is that AI talent isn't leaving for other banks. But struggling to hold on to AI talent seems especially concerning when one considers what's at stake — like, uh, humanity — and the speed at which it'll happen. Here are the three reasons banks can't seem to hold on to AI talent.

☆ How to Avoid Work Burnout: Lessons From a Wall Street Rising Star
▼ + stars: | 2023-05-23 | by ( Simone Stolzoff | ) www.businessinsider.com time to read: +11 min

But despite all his professional success, Khe started to notice a nagging feeling that he wasn't playing the right game. "Success is like an addiction," Khe told me. When Khe told his closest confidants that he was unhappy and considering leaving BlackRock, they'd say things like "That's so risky" or "What about your daughter?" At BlackRock, Khe had job security, a seven-figure annual income, and a fancy job title. Simone Stozloff is an independent journalist, a consultant from San Francisco, and the author of "The Good Enough Job: Reclaiming Life from Work."

☆ Amazon is abandoning several of its Fresh stores and seeking tenants to sublease them and one landlord is suing over rent
▼ + stars: | 2023-05-19 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Amazon is trying to sublease several planned Amazon Fresh stores in the Midwest. Amazon has opened fewer Fresh stores for months, but grocery remains a priority for the company. Amazon is also facing a lawsuit from its landlord at a planned Amazon Fresh location in Philadelphia, according to the Philadelphia Business Journal. Amazon has been slowing the pace of new Amazon Fresh store openings for the better part of a year. Do you work at an Amazon Fresh store and have a story idea to share?

☆ Americans in the Midwest are obsessed with these 9 grocery stores
▼ + stars: | 2023-04-24 | by ( Alex Bitter | ) www.businessinsider.com time to read: 1 min

Hy-VeeAP/Nati HarnikWhere it had the highest share of visits: Iowa (65%), Nebraska (41%), South Dakota (58%)Headquarters: West Des Moines, IowaNumber of stores: 285Started as a single general store in 1930, Hy-Vee's stores today boast beauty sections and 24-hour Chinese takeout. They also have in-store restaurants, including Wahlburgers, Starbucks, and Caribou Coffee, and have partnered with Orangetheory to offer classes. The chain came out on top by store visits in three states, according to Placer.ai's data. It also came in second in three other states: Kansas, Minnesota, and Missouri. Hy-Vee's expansion plans are set to make it more than a regional favorite: The grocer is building stores in the Southern states of Alabama and Tennessee.

☆ Iowa's Caitlin Clark is captivating basketball fans — here's how the college star's NIL value compares to fellow women's college players
▼ + stars: | 2023-04-02 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Her NIL valuation is ranked among the top 10 in women's college basketball, according to the NIL database. But, according to On3.com, she narrowly cracks the top 10 highest NIL valuation for women's college basketball players. The Friday game peaked at 6.6 million viewers — nearly two million more viewers than 2022's national championship game between South Carolina and Connecticut. As of Sunday afternoon, Clark comes in at number nine on On3.com's college women's basketball NIL rankings with a valuation of $192,000. On Thursday, Clark was named the women's college basketball's National Player of the Year after leading the country in both points and assists for the 2021-2022 season.

☆ JEFFERIES: Buy these 12 underpriced, lower-risk stocks that are poised for a sharp rebound and long-term outperformance
▼ + stars: | 2023-03-30 | by ( Marley Jay | ) www.businessinsider.com time to read: +2 min

He says that companies with strong balance sheets and a lot of non-US revenue will outperform. But DeSanctis wrote that given the broader context, investors are more likely to reward companies with strong balance sheets. "With HY spreads widening and staying wide, weaker balance sheet companies should lag behind, especially given their cost of capital has likely risen. Companies with weaker balance sheets also perform poorly heading into an economic slowdown," he wrote. "We looked for lower risk, higher overseas revenue, clean balance sheets, came up with a dozen Buy-rated ideas," he wrote.

☆ These top grocery stores are dominating the Midwest from Hy-Vee to Cub Foods
▼ + stars: | 2023-03-29 | by ( Alex Bitter | ) www.businessinsider.com time to read: 1 min

☆ UK's Bellway to buy back shares, hike social housing output
▼ + stars: | 2023-03-28 | by ( Ajose Koilparambil | ) www.reuters.com time to read: +2 min

Chief Executive Jason Honeyman told Reuters the company started hastening construction in its social housing programme in October after a demand slump. Honeyman said homes built in the programme would make up more than quarter of overall output in the fiscal year ending on July 31. Bellway, which builds everything from one-bedroom apartments to six-bedroom family homes and luxury penthouses, said there was a moderate improvement in bookings since January. Bellway shares edged up about 1% in morning trade. ($1=0.8121 pounds)Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

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