During the meeting, Musk teased new Tesla products, while also reiterating plans to roll out the first Cybertrucks this year. He also noted that the company faces some difficult months ahead. The three major averages jumped to their highs of the day – briefly – after President Joe Biden said that the U.S. will not default on its debts Wednesday morning. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Revenue also beat expectations at $111 million compared with a $110.1 million forecast. Adjusted EBITDA came in at $48.9 million, ahead of the $45.7 consensus estimate. 1 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Western Asset Mortgage Capital in the last year. The consensus among Wall Street equities research analysts is that investors should “buy” WMC shares. In its fiscal second quarter, the company reported $2.12 in earnings per share without items and $1.39 billion in revenue. By comparison, analysts polled by FactSet expected $1.96 per share and revenue to come in slightly lower at $1.38 billion.
Western Asset Mortgage Capital announced a quarterly dividend on Wednesday, March 22nd. Shareholders of record on Monday, April 3rd will be given a dividend of $0.35 per share on Wednesday, April 26th. This represents a $1.40 annualized dividend and a dividend yield of 16.75%. The ex-dividend date of this dividend is Friday, March 31st.
Western Asset Mortgage Capital’s stock was trading at $9.11 at the beginning of 2023. Since then, WMC stock has decreased by 8.2% and is now trading at $8.36. The WSJ Dollar Index gained 0.3%, on pace to finish higher for the sixth session in the last eight trading days. Stocks are higher in Wednesday afternoon trading, putting major indexes on track to recover after falling Tuesday, as the deadline nears for lawmakers to resolve the debt-ceiling standoff.
Stock Money Flow
The SPDR S&P Regional Bank ETF jumped 3.4%, while Western Alliance soared 12%. Passively-managed funds do not typically buy options, so the put/call
ratio indicator more closely tracks the sentiment of actively-managed funds. The Fund Sentiment Score (fka Ownership Accumulation Score) finds the stocks that are being most bought by funds. It is the result of a sophisticated, multi-factor quantitative model that identifies companies
with the highest levels of institutional accumulation. The scoring model uses a combination of the total increase in disclosed owners,
the changes in portfolio allocations in those owners
and other metrics. The number ranges from 0 to 100,
with higher numbers indicating a higher level of accumulation to its peers,
and 50 being the average.
- Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
- Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations.
- Shareholders of record on Monday, April 3rd will be given a dividend of $0.35 per share on Wednesday, April 26th.
- The number ranges from 0 to 100,
with higher numbers indicating a higher level of accumulation to its peers,
and 50 being the average.
Indexes in China fell, while Japan’s Nikkei 225 gained 0.8% to top for the first time since 2021. The new data was in an investor update filed with the Securities and Exchange Commission on Tuesday. The pan-European Stoxx 600 index was down 0.2% at the start of the session, with most sectors and major bourses trading in negative territory. Financial services made the biggest losses, down 1.3%, followed by autos, which dropped 0.9%. Health care modestly bucked the trend with a 0.1% uptick. Traders at JPMorgan expect the market to remain in a tight trading range as lawmakers try to reach a deal on the U.S. debt ceiling.
Doximity slides in post-market trading after giving weak expectations for the current quarter
The comments come a day after President Joe Biden met with top congressional leaders to try to find a way around the debt impasse. McCarthy said the talks resulted in a “structure” to find a solution while noting that the deadline remains “tight” as Republicans look for spending cuts and Democrats seek a clean https://business-oppurtunities.com/3-killer-ways-to-ignite-your-affiliate-commissions/ bill not tied to conditions. “The update is another data point that demonstrates WAL is distancing itself from recent industry turmoil and should be well received by market,” Jefferies analyst Casey Haire said. Consumer discretionary stocks led the S&P 500 on Wednesday, with the sector up more than 1.5%.
Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Northern (NTRS – Research Report), Western Asset Mortgage (WMC – Research Report) and Nasdaq (NDAQ – Research Report). TOKYO (MarketWatch) — Asian benchmarks ended mixed Thursday as indexes in both Japan and China slipped, but some exporter issues were buoyed by the dollar’s recent strength and U.S. market gains. WASHINGTON (MarketWatch) — With its winning streak hitting 10, the price of copper touched a 16-year high Friday as the metals sector ended futures trading on a mixed note. © Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.
Schedule monthly income from dividend stocks with a monthly payment frequency. Meanwhile, regional-bank shares are jumping after Western Alliance–a lender investors have worried about–gave a positive update on deposit growth. Target stock is rising, recently up 2.2%, even after the retailer said sales growth stalled and profit fell in the most recent quarter. Meanwhile, regional-bank shares are jumping after Western Alliance—a lender investors have worried about—gave a positive update on deposit growth.
Nine stocks in S&P 500 fatten dividends
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Western Asset Mortgage (WMC) could be a great choice. According to one analyst, the rating for WMC stock is “Strong Buy” and the 12-month stock price forecast is $17.5. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day.
The 1-10 reverse split was announced on Monday, July 11th 2022. The number of shares owned by shareholders was adjusted after the market closes on Monday, July 11th 2022. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
Are Investors Undervaluing Annaly Capital Management (NLY … – Nasdaq
Are Investors Undervaluing Annaly Capital Management (NLY ….
Posted: Mon, 19 Sep 2022 07:00:00 GMT [source]
Sam Stovall, chief investment strategist at CFRA Research, said he expects that markets are stuck in neutral, even as the news becomes “more and more optimistic” on the debt ceiling. He cited recent trends in the 10-year Treasury yield, as well as strength indicators in the S&P 500. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
LONDON (MarketWatch) — European markets closed lower Friday after U.S. data showed the jobs market there slowed in May to its weakest level in nearly two years. LONDON (MarketWatch) — Shares in London closed lower Friday after a sluggish U.S. jobs report, but BHP Billiton PLC locked in gains after winning control of Australia’s WMC Resources Ltd. One share of WMC stock can currently be purchased for approximately $8.36. The 10-year Treasury yield actually declined after U.S. government’s credit-rating downgrade in 2011. Indexes in China fell, while Japan’s Nikkei 225 gained 0.8% to top for the first time since 2021.
Western Asset Mortgage Capital saw a decline in short interest during the month of April. As of April 15th, there was short interest totaling 82,400 shares, a decline of 17.1% from the March 31st total of 99,400 shares. Based on an average trading volume of 31,700 shares, the days-to-cover ratio is currently 2.6 days. That overshadowed results from the fourth fiscal quarter. The company reported 20 cents in earnings per share excluding items, above the 17 cents expected by analysts.
Western Asset Mortgage Capital Corporation Board Approves 1-for … – Business Wire
Western Asset Mortgage Capital Corporation Board Approves 1-for ….
Posted: Thu, 30 Jun 2022 07:00:00 GMT [source]
We present 13D/G filings separately from the 13F filings because of the different treatement by the SEC. 13D/G filings can be filed by
groups of investors (with one leading), whereas 13F filings cannot. This means that share ownership of 13D/G filings and 13F filings are oftentimes not directly comparable, so we present
them separately. Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. For the current quarter, the company said to expected between $2 and $2.06 in earnings per share for the current quarter, while analysts forecasted $1.96. Keysight guided revenue for the quarter to come in between $1.37 billion and $1.39 billion, a range that contains Wall Street’s consensus estimate of $1.38 billion. Regional bank shares rebounded on Wednesday, helping market sentiment, as Western Alliance Bancorp detailed improving deposit growth.
Western Alliance said its deposits grew by more than $2 billion so far this quarter. Its shares gained, along with those of PacWest, Comerica and Zions. Home prices in China fell, with prices 0.2% lower year-on-year, compared to a 0.8% decline seen in the previous month, according to Reuters’ calculations. You need to be extra careful with high-dividend stocks. Here are some that might not be able to afford to keep up their high payouts. WMC priced its initial public offering of 8 million shares at $20 each, in line with expectations.
Western Asset Mortgage Capital Stock Forecast FAQ
Top dividend paying stocks are easy to find in the financial sector, but that doesn’t necessarily make these high-yield stocks a good buy. LOS ANGELES (MarketWatch) – U.S.-listed shares of consumer electronics giant Sony Corp. slid on Friday on management restructuring news, while upbeat analyst comments over Intel Corp. lifted some chipmakers. In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under
management must also disclose their put and call option holdings. Since put options generally indicate
negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall
institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots
the historical put/call ratio for this instrument.
Shares of Western Alliance climbed 10.3% on the analyst notes. Investors tilted away from defensive stocks on Wednesday. Of the 11 S&P 500 sectors, only health care, consumer staples and utilities were trading in negative territory during midday trading. In an exclusive interview with CNBC’s David Faber on the heels of the meeting Tuesday, CEO Elon Musk said he plans to spend more time on Tesla going forward, and devote a large chunk of time toward AI developments. TOKYO (MarketWatch) – Most Asian benchmarks were higher Friday, with almost all of them sticking close to the previous day’s closing levels as investors awaited key U.S. employment data due out later in the day.
Treasury yield ticked higher to 3.564%, from 3.548% Tuesday. The Dow ended the trading session below a key threshold on Tuesday. Compared to April 2022, total exports declined by 18.1% and total imports contracted by 19.5%.
- The Dow is down more than 3% this month, including a 1% decline on Tuesday.
- “I think at the end of the day we do not have a debt default. I think we finally got the president to agree to negotiate.”
- Investors tilted away from defensive stocks on Wednesday.
- WMC earnings call for the period ending December 31, 2019.
LOS ANGELES (MarketWatch) — A mostly dull day for most Asian benchmark indexes on Friday left few big gainers among U.S.-listed shares, with some commodity-related stocks logging some of the biggest declines. The company said to expect between $106.5 million and $107.5 million in revenue and between $39 million and $40 million in adjusted EBITDA for the first fiscal quarter. Both of those estimates were below consensus expectations, with analysts polled by FactSet anticipating revenue at $11.8 million and adjusted EBITDA at $45.4 million. Tech stock Keysight advanced more than 7% after the bell on the back of a strong quarterly earnings report and guidance for the current quarter. Shares of Western Alliance jumped about 7% in extended trading after the bank said that its deposit growth for the current quarter surpassed $2 billion as of May 12.