Investment strategy
Buy Lululemon as the athleisure brand is well-positioned to ride a recession and shares are cheap, Morgan Stanley says
While the macro environment is looking murky for many apparel retailers, Lululemon is better-positioned than some of its peers to weather the storm, Morgan Stanley said Thursday. Analyst Kimberly Greenberger upgraded the stock to overweight from equal weight, saying in a note to clients that risks are already priced into the athleisure brand. She added […]
Read More
Bank of America reveals 5 top stocks based on the company’s ‘killer charts’
Bank of America has named a raft of stocks with “killer” corporate charts, including the following five that are buy-rated by its analysts. The bank said its “killer charts” research note is often its most-read of the year. Bank of America analysts, led by Jason Fairclough, assessed charts from a range of companies — all […]
Read More
Nasdaq 100 futures fall slightly after chip giant Nvidia delivers light guidance
A trader works at the New York Stock Exchange NYSE in New York, the United States, May 18, 2022. Michael Nagle | Xinhua News Agency | Getty Images Stock futures were mixed on Wednesday evening as investors digested a disappointing update from Nvidia, an economic bellwether in the technology industry. Stock futures tied to the […]
Read More
Buy these stocks to bet on the resilient U.S. consumer, Jefferies says
Investors looking for one of the biggest bargains in the downtrodden market should look no further than casual dining, according to Jefferies. Rising inflation and worries of a recession have driven shares of many casual dining stocks downward. But the dip may be over for now as the consumer is proving more resilient than anticipated, […]
Read More
Hedge funds bought into these outperforming industrial stocks, including Lockheed Martin
Hedge funds recently rotated into winning industrial stocks as their favorite growth darlings underperformed the market, according to RBC. The Wall Street firm analyzed stock-level holdings of 310 hedge funds based on the recently released regulatory filings, and it found that hedge funds’ overweight to the industrial sector hit a new high at the end […]
Read More
Capital gains may have triggered hundreds of billions more in individual taxes for 2021, analysis shows. How to trim your tax bill
The U.S. Department of the Treasury building Julia Schmalz | Bloomberg | Getty Images Some investors may be grappling with the sting of higher-than-expected capital gains for 2021 and losses in 2022. But experts say tax-planning opportunities may soften the blow. Individuals paid significantly more taxes this season, and the surge in capital gains in […]
Read More
Mark Mobius says the bear market still has a ways to go, keep cash on the sidelines
Mark Mobius, founding partner of Mobius Capital Partners, says stocks have more room to fall in this bear market, so investors should stay in cash for now. “We’ve got a ways to go,” Mobius told CNBC’s “Squawk Box” on Tuesday. “It may be time to start nibbling at certain individual stocks that look good, but […]
Read More
5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures slide, a day after tech-heavy index sank more than 2% Traders on the floor of the NYSE, May 23, 2022. Source: NYSE U.S. stock futures fell Wednesday, one day after the Nasdaq dropped 2.4% as […]
Read More
Barclays downgrades Best Buy as demand for consumer electronics slows
The near-term outlook for Best Buy looks bleak as demand for consumer electronics slows, according to Barclays. Analyst Karen Short downgraded shares of the electronics retailer to equal weight from overweight after the company missed earnings estimates in its fiscal first quarter and lowered its guidance for the year . “Our main concern is that […]
Read More
Buy this exchange operator to defend ‘against the bear,’ Oppenheimer says
Investors looking to play defense in a beaten-up market riddled with volatility may find some relief in exchange operator CME Group, Oppenheimer says. Analyst Owen Lau upgraded CME Group to outperform from perform, saying in a note to clients that the exchange operator is a good pick for investors “defending against the bear.” “Our upgrade […]
Read More