Banco BBVA Argentina: Caution Warranted Ahead Of More ‘Shock Therapy’ (NYSE:BBAR)

Natalia SO/iStock Editorial via Getty Images The “shock therapy” has begun in Argentina following new President Javier Milei’s election victory. Alongside a significant cutback in fiscal spending, the new administration also unveiled a one-off devaluation of the peso to ARS800 per dollar – about in line with the parallel rate. While positive for corporates with…

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Hovnanian Enterprises: An Upgrade Is Warranted As Q4 Earnings Near (NYSE:HOV)

jhorrocks Before the market opens on December 5, the management team at Hovnanian Enterprises, Inc. (NYSE:HOV) is expected to announce financial results covering the final quarter of the company’s 2023 fiscal year. For those who don’t know, Hovnanian Enterprises focuses on the production and sale of single-family detached homes, attached townhomes, condominiums, and other similar…

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