Machinery finance stocks posted gains after positive GDP

Machinery finance stocks posted gains after positive GDP growth data, hinting at broader expansion in manufacturing output. The sector’s beta remains above 1.1, pointing to potentially higher volatility and trade opportunities. The Milan City Council sanctioned the sale of San Siro for a mammoth fee of €197 million earlier this week. Junbo Wang is an associate professor in the LSU Department of Finance, where he has been a faculty member since 2015. He also serves as an Associate Editor of The Financial Review . His research focuses on financial econometrics and machine learning methods applied to asset pricing tests, the impact of artificial intelligence on firm valuation and labor markets, investor trading activities and their market impact, mutual fund performance evaluation, and option and volatility risk premia. In addition to his research, Wang is passionate about teaching and mentoring. He has taught a wide range of finance courses at the PhD, MBA, and undergraduate levels, earning multiple teaching awards. He also actively contributes to the profession through program committees, conference organizing, and refereeing for leading journals. The machinery finance sector is attracting attention as credit demand from large-scale machinery producers surged 8% month-on-month. This uptick aligns with a recovery in export orders and commodity-driven capital investment plans. Technical levels indicate potential support at recent lows.