Category: negative
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Elbit Systems: Record orders, cash flow still negative
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Defense company Elbit Systems (TASE: ESLT; Nasdaq: ESLT) continues to break records with its order backlog, which totaled NIS 20.4 billion at the end of the first quarter, $2.6 billion (14.6%) more than at the end of 2023, This is $4.6 billion (29%) more than at the end of the…
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Stocks pulling back and into negative territory
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Major US indices have now turned into negative territory: Dow Jones Industrial Average -7 points or -0.02% S&P Index -8.26 points -0.16% Nasdaq -70 points or -0.42% Yields remain low with the 10-year basis falling -5.9 to 4.494% (this week’s high was 4.638%). The 2-year yield was down -4.6 basis…
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BofA sees dollar weakness amid negative US data, China optimism By Investing.com
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Bank of America (BofA) highlighted several factors contributing to potential headwinds for the US Dollar (USD). The bank pointed to recent negative surprises in US economic data and growing positive sentiment towards the Chinese economy as key drivers behind the US dollar’s challenges. Furthermore, Bank of America noted the currency’s…