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Search resuls for: "B.Riley"


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Broadly speaking, market observers expect that investors have already priced in how the Fed may proceed with interest rates. So long as this week's Fed meeting sticks to the consensus view, many observers expect stocks will breathe a sigh of relief. "This is one of the busiest of the days on Wednesday," said Art Hogan, chief market strategist at B.Riley Financial. Possibility for surprise Of course, the Fed meeting still has the potential to surprise investors. ET Wednesday while the Fed meeting wraps up at 2:00 p.m. and Powell's press conference starts a half hour later.
Persons: shrugging, Hogan, Dave Sekera, it's, Riley's Hogan, ChairJerome Powell, Powell, hasn't, Brian Nick, Nick, , I'd, Jeff Klingelhofer, Klingelhofer, Joshua Roberts Organizations: Federal Reserve, B.Riley, Morningstar, Fed, Macro, Bureau of Labor Statistics, Nvidia, Thornburg Investment Management, Federal Locations: U.S, Washington ,
REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - Shares of financial services firm B. Riley (RILY.O) plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. That markdown resulted in B. Riley reporting a net loss of $75.8 million in the third quarter, compared with a profit of $45.8 million a year earlier. "We do not believe that the recent movement in our share price is warranted based on the fundamental strength and performance of our diversified platform," a B. Riley spokesperson said in a statement. B. Riley has also been targeted by a short seller. "Although B Riley attempted to address short seller concerns on their recent earnings call, the information they provided was limited," said Rick Meckler, partner at Cherry Lane Investments.
Persons: Brendan McDermid, Riley, Brian Kahn, Kahn, John Hughes, Bryant Riley, Rick Meckler, Meckler, Chibuike Oguh, Medha Singh, Niket, Deepa Babington, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Reuters Graphics, Group's, Bloomberg, Reuters, Wolfpack Research, Cherry Lane Investments, Thomson Locations: New York City, U.S, Los Angeles, New York
TipRanks recognized the 10 best analysts in the services sector for identifying the best investment opportunities. TipRanks leveraged its Experts Center tool to zoom in on analysts with a high success rate, and analyzed every recommendation made by analysts in the services sector over the past decade. TipRanks' algorithms calculated the statistical significance of each rating, the average return, and analysts' overall success rate. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the services sector. Jake Bartlett - Truist FinancialJake Bartlett has the 10th spot on the list, with a success rate of 66%.
Persons: JACK CELH TFII, Simon Dawson, TipRanks, Jason Seidl, Cowen Jason Seidl, Patrick Brown, Raymond James Patrick Brown, Scot Ciccarelli, Brian Nagel, Oppenheimer Brian Nagel, Carlo Santarelli, Gary Prestopino, Barrington, Helane Becker, Cowen, Walter Spracklin, Spracklin, Jeff Van Sinderen, Jake Bartlett Organizations: Deutsche Bank, Reuters, Truist, FIVE, Caesars Entertainment, United Airlines Holdings, RBC, RBC Capital, TFI, Holdings Locations: London, Britain, Canadian
Feb 7 (Reuters) - Retail investors are piling into small-cap firms that employ artificial intelligence amid intensifying competition between tech titans Google parent Alphabet and Microsoft to secure leadership in the next big driver of growth. The $3-billion AI software firm C3.ai was the fifth most actively traded on Fidelity's platform for small investors on Monday, while drawing record daily retail inflows worth $31.4 million, as per Vanda Research. "Small-cap firms have AI as a much larger part of their business than the larger ones," said Matthew Tuttle, chief executive officer of Tuttle Capital Management on the reason behind retail investors' focus on the smaller firms. SoundHound AI (SOUN.O), which offers a voice AI platform services, and Thailand's security firm Guardforce AI (GFAI.O) have more than doubled so far this year, while analytics firm BigBear.ai gained nine-fold in value. Google-owner Alphabet Inc (GOOGL.O) on Monday said it would launch a chatbot service Bard and more artificial intelligence for its search engine as well as developers.
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