Why is dominion down

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ET on GuruFocus. ET on Zacks. ET on TipRanks. Wafra Inc. ET on Motley Fool. Chrome Safari Firefox Edge. NextEra Energy Inc. Duke Energy Corp. But these Mad Money megatrends could help you fight back. After the recent pullback, the big data specialist's stock is now down roughly 3.

PayPal specializes in digital payments. The recent spin-off of its managed infrastructure business into a company called Kyndryl NYSE: KD removes a noncore business from its balance sheet. Also, management promised that the two companies would maintain the current combined dividend. The metaverse has just begun, and Nvidia CEO Jensen Huang says it will be "much, much bigger" than the physical world. Newly unveiled competition looks like it's poised to start taking an immediate toll on the top line.

The growth stock's decline on Friday is likely due to the news that major Tesla shareholder and CEO Elon Musk has continued selling shares. Here are two. A bevy of Wall Street analysts followed up by lowering their price targets for the stock, adding to today's pain. According to The Fly, four analysts lowered their price targets for the stock as a result of third-quarter results.

It was December when healthcare giant Abbott Labs last announced a rate hike. The company crushed Wall Street's estimates on Monday, and many analysts praised the performance the next day. On Nov. Dow 30 36, Nasdaq 15, Russell 2, Crude Oil Gold 1, Silver CMC Crypto 1, Although Dominion highlighted how the deal will help it improve its balance sheet among other things, investors were miffed for one big reason: a dividend cut.

That was a remarkable deviation for a company that had increased its dividends for 16 consecutive years. Dominion assured it will start growing its dividend again in , but investors were focused on the near term.

A dividend cut is sure to annoy income investors, but it's a near-term loss for long-term gains. That should give investors in Dominion Energy some respite even as they enjoy the stock's current yield of 3. Discounted offers are only available to new members.

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