Breaking News: Investing
Broadcom, Chevron among Wall Street’s favorite dividend stocks heading into likely treacherous second half
As dividend stocks gained in popularity this year, CNBC Pro sought names that could continue to offer investors relative safety and higher yields in the back half of 2022. Investors have pivoted deeper into dividend payers, as greater uncertainty and rising interest rates unnerved market participants and spurred a rotation out of growth names. On […]
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Wall Street believes these Nasdaq names will lead a comeback after its worst quarter since 2008
It was a vicious first half and quarter for stocks, but especially for members of the tech-heavy Nasdaq Composite. Rising inflationary concerns spooked investors, who increasingly turned on one-time tech darlings that are more sensitive to rising interest rates. The Nasdaq Composite dropped 29% in the first half, the most of the three major averages. […]
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Bank of America downgrades Micron, says recovery is ‘unlikely’ this year
A recovery this year is “unlikely” for Micron Technology, given weak consumer demand for smartphones and PCs, according to Bank of America. The memory chip maker saw its shares fall after hours Thursday after issuing a warning on low chip demand. Analyst Vivek Arya downgraded shares of Micron to neutral from buy, saying in a […]
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JPMorgan says investors are too worried about Apple, sees 40% rebound before year-end
Apple may be dealing with lower consumer demand and growing FX challenges, but JPMorgan is “not as worried” about the tech company as investors. Analyst Samik Chatterjee reiterated an overweight rating on Apple, saying in a Friday note that the tech company will remain resilient and climb 40% this year, even amid slower demand for […]
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Natural gas drops 16%, posts worst month in more than three years
A liquid natural gas (LNG) tank. Artinun Prekmoung / Eyeem | Eyeem | Getty Images U.S. natural gas futures plunged below $6 per million British thermal units on Thursday, after an inventory report showed a larger-than-expected storage build, sparking fears of an oversupplied market. Henry Hub futures declined 16.53% to settle at $5.42 per million […]
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Comeback candidates: These S&P 500 stocks are Wall Street’s favorite bets for the second half of 2022
The S & P 500 is wrapping up its worst first half in generations, but Wall Street believes some stocks could still post a comeback in the latter part of 2022. Stocks have had a volatile start to the year, as a combination of rising inflation and a hawkish Federal Reserve spurred investors to drop […]
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Investors see little to be gained in stocks the rest of the year, favor dividend payers now, CNBC survey shows
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 30, 2022. Brendan Mcdermid | Reuters (Click here to subscribe to the new Delivering Alpha newsletter.) A majority of Wall Street investors believe the market stands pretty much dead in the water for the rest of 2022 and, as […]
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Bath & Body Works can more than double after falling 60%, Piper Sandler says
It’s time to buy shares of Bath & Body Works , which is a “defensible growth story” that can more than double from here after its recent stock tumble, according to Piper Sandler. Analyst Korinne Wolfmeyer initiated coverage of Bath & Body Works with an overweight rating, saying in a note Thursday that the stock […]
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Raymond James says it’s time to buy health care apparel stock Figs, which can surge 80%
Investors should load up on Figs shares, as the health care apparel name has already priced in much of the bad news around inflation, according to Raymond James. Analyst Rick B. Patel initiated coverage of Figs with a strong buy rating, saying note Wednesday that the company is better positioned to outperform in the second […]
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Buy the Warner Bros. Discovery dip as shares can nearly double from here, Benchmark says
Shares of Warner Bros. Discovery could nearly double from here, as the top media company finds its way in the second half of the year, according to Benchmark. Analyst Matthew Harrigan initiated coverage on Warner Bros. Discovery with a buy rating, saying in a Wednesday note that the company is “admirably positioned” to overcome business […]
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