Author: Admin
Goldman Sachs picks Chinese stocks with the most room to bounce back as Covid eases
As Covid cases in mainland China drop, Goldman Sachs analysts say they’re “seeing light at the end of the tunnel.” Here are some of the stocks they say are poised to make the biggest comebacks if business activity returns to normal. The investment bank’s measure of the impact of lockdowns in China fell by 11 […]
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Asia-Pacific markets trade higher; China to announce its benchmark lending rate
SINGAPORE — Shares in the Asia-Pacific markets gained on Friday as a volatile trading week comes to a close and investors watch for the release of China’s benchmark lending rate. Japan’s Nikkei 225 rose 0.41% in early trade, while the Topix advanced 0.23%. Japan’s core consumer prices, which include energy costs but not fresh food, […]
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Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences
Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not […]
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Jim Cramer predicts these 5 Charitable Trust holdings will rebound ‘after the smoke clears’
CNBC’s Jim Cramer on Thursday told investors that he’s optimistic that stocks of “amazing businesses“ will make a comeback once the stock market faces better conditions, highlighting five names in particular. “Over the long haul, I think the best way to make money is by believing, not disbelieving, by owning, not renting, by taking the […]
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Cramer’s lightning round: I am fine with Cloudflare
PLBY Group Inc: “This company’s losing money. … I don’t want to touch money losers.” DraftKings Holdings Inc: “I know if California and Florida come on, you’re going to say why not buy it at $14, but there’s a lot of capacity in that industry.” Cloudflare Inc: “The business is very good. … I am […]
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Jim Cramer says investors should have these four defense stocks on their shopping lists
CNBC’s Jim Cramer said Thursday that he’s bullish on the defense industry and has four stocks in mind that he believes are investable. “There’s at least one industry that’s booming right now, and it will keep booming regardless of what happens with the [Federal Reserve] in particular or U.S. economy in general. I’m talking about […]
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Stock futures rise slightly, with the S&P 500 on the brink of falling into a bear market
U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.2% higher, while Nasdaq 100 futures gained 0.4%. Futures tied to the Dow Jones Industrial Average advanced 55 points, or 0.2%. Those moves came after another downbeat day on […]
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Reality TV shows based on real estate are ‘horrible’ for the industry, says brokerage CEO
A customer looks at listings on display outside a Brown Harris Stevens offices in New York. Brendan McDermid | Reuters The rise of reality TV shows featuring real estate has been “horrible” for the industry and the image of its brokers, a top brokerage CEO said Thursday. “This is not who we are,” said Bess […]
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Why it’s a good time for young investors to put money in the market
FG Trade | E+ | Getty Images Opportunities in the dip For young investors with the longest time horizons to plan for retirement, today’s market downturn also provides an opportunity, according to Paula Pant, host of the podcast “Afford Anything.” “A dip is your best friend,” she said. “So, buy the dip, take advantage of […]
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Health officials confirm first U.S. case of monkeypox virus this year in Massachusetts
Health officer uses a thermal head to detect a monkeypox virus on arriving passengers at Soekarno-Hatta International Airport in Tangerang near Jakarta, Indonesia on May 15, 2019. Jepayona Delita | Future Publishing | Getty Images U.S. health officials late Wednesday confirmed a case of the monkeypox virus in Massachusetts, the first to be reported across […]
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