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Happy Star Wars Day. Yesterday, stocks acted predictably as the market read the Fed’s rate hike decision. Like with Star Wars, the audience is hoping this is the last iteration, but who knows, Hollywood and the Fed have a tendency to drag things out. Speaking of final chapters, PacWest has tanked 85% since March and a breakup or sale seems imminent. |
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Market snapshot as of yesterday’s close: |
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Insight: Joining the earnings train yesterday was MidCap Financial Investment (MFIC) coming out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate. Over the last three quarters, MidCap Financial Investment has beat earnings. For more information, check out our news page. Another offering for you is Information Services Group, Inc. (III). As a technology research and advisory company, it has demonstrated solid financial performance, achieving a return of 10.5% YTD and offering a 3.15% yield. The full analysis is available for you on our website. You know the drill, investing always comes with some level of risk, so make sure to do your research and consult with a financial advisor before making any big decisions. Remember, stay smart, stay informed, and stay invested! |
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