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All the newbie investors are probably looking at the pullback across global stock markets right now as a reason to panic and take all their money out of the markets. However, seasoned contrarian investors know this is as good a time as any to invest heavily in the stock market. Market volatility provides the perfect opportunity…
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Despite the expectation of significant rate cuts by the Federal Reserve in 2024 and 2025, analysts at Wells Fargo Investment Institute predict that the U.S. dollar will remain elevated. Analysts in a note dated Monday mention reasons behind this forecast, focusing on interest rate differentials, global economic conditions, and the performance of the U.S. dollar…
Delek US Holdings: Refining Troubles And Rising Debt Spell Ratings Downgrade (NYSE:DK)
Monty Rakusen Thesis On August 10, 2023, I started covering Delek US Holdings, Inc. (DK) and broke down their Q2 2023 performance. I called out both the wins and the challenges they faced. Delek had a total throughput of 295,000 barrels per day and an adjusted EBITDA of $201 million, which showed some optimism, especially…
