Breaking News: Investing
A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed the 2008 financial crisis […]
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Tiger Global drops 14% in May during the tech sell-off, pushing hedge fund’s 2022 losses to over 50%
Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. “Our recent public fund performance […]
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These ‘dividend aristocrats’ offer steady returns in an uncertain market, Credit Suisse says
As Wall Street starts another month with further volatility in the markets, Credit Suisse identified some “dividend aristocrats” that could offer investors steady returns. Analysts at the investment bank maintained an overweight rating on dividend stocks, even as they moved down to neutral on value stocks, according to a Friday report from the investment bank. […]
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How dollar stores can serve as inflation plays now that consumers are fighting high prices
Dollar stores could work as inflation plays for investors as shoppers try to stretch their budgets. Before their recent earnings reports, some traders were concerned that Dollar General and Dollar Tree would underperform, especially now that stimulus payments issued during the pandemic have faded. Those concerns grew after Target’s and Walmart’s dismal reports cast doubt […]
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Buy fertilizer stocks Corteva and Nutrien as supply challenges loom beyond 2023, Barclays says
Fertilizer and agricultural supply stocks will continue to get a boost from supply challenges that last beyond 2023, according to Barclays. Analyst Benjamin M. Theurer initiated research coverage of Corteva and Nutrien with overweight ratings, saying in a Wednesday note that demand will remain strong for agricultural products. “We see lasting supply/demand tightness beyond 2023, […]
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SeatGeek terminates deal to go public with Billy Beane’s SPAC due to market volatility
General Manager Billy Beane of the Oakland Athletics. Michael Zagaris | Oakland Athletics | Getty Images Ticketing platform SeatGeek and black-check firm RedBall Acquisition Corp. decided to terminate their $1.35 billion take-public deal amid a roller-coaster market. The move was a result of current unfavorable market conditions, particularly impacting growth technology companies, according to SeatGeek […]
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Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the […]
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Wells Fargo analyst Mike Mayo calls Bank of America his number one bank pick
Wells Fargo’s Mike Mayo called Bank of America his number one pick for a “favorable bank investment.” Mayo reiterated his overweight rating on the stock, saying in a late Tuesday note that Bank of America’s stock price is promising even after pricing in a recession. Bank of America shares are down nearly 26% from their […]
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Bank of America names Nvidia a top pick as the valuation in chip stocks becomes more attractive
The case to buy Nvidia just got even more compelling, according to Bank of America. Analyst Vivek Arya named Nvidia a top pick, saying in a Tuesday note that chip stocks are already pricing in a recession, even as they generate better free cash flow margins than stocks in the broad market index. “While macro […]
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Etsy can go up 54% from here as the online marketplace becomes a “top-of-mind” destination, JMP says
Investors should consider buying into Etsy , as the stock could see big gains going forward, according to JMP Securities. Analyst Nicholas Jones initiated coverage of Etsy with a market outperform rating, saying in a Wednesday note that the e-commerce company is attracting more repeat buyers during the pandemic. “ETSY’s platform has been one of […]
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