Just as the market opens today we are expecting two pieces of domestic economic news; weekly jobless claims data, which is expected to come in around 241,000, and the third reading of Q1 GDP. Then around noon, the last Fed speaker of the week, St. Louis Fed chief James Bullard, will lead a discussion in London.
After the bell yesterday, most U.S. banks announced that they were increasing dividend payments and expanding their share buyback programs; big banks like Bank of America (BAC - Free Report) , who increased their dividend by +60% and will repurchase $12 billion of their common stock, and JP Morgan Chase (JPM - Free Report) who lifted their dividend by $0.06 and expanded their buyback program capacity to $19.4 billion were two of the most notable. These announcements caused the banking sector to jump up in premarket trading.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Just as the market opens today we are expecting two pieces of domestic economic news; weekly jobless claims data, which is expected to come in around 241,000, and the third reading of Q1 GDP. Then around noon, the last Fed speaker of the week, St. Louis Fed chief James Bullard, will lead a discussion in London.
After the bell yesterday, most U.S. banks announced that they were increasing dividend payments and expanding their share buyback programs; big banks like Bank of America (BAC - Free Report) , who increased their dividend by +60% and will repurchase $12 billion of their common stock, and JP Morgan Chase (JPM - Free Report) who lifted their dividend by $0.06 and expanded their buyback program capacity to $19.4 billion were two of the most notable. These announcements caused the banking sector to jump up in premarket trading.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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