Investment strategy
5 things to know before the stock market opens Thursday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to drop after a strong Fed-driven relief rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New […]
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Evercore ISI downgrades Brinker, calls stock ‘dead money’ amid slow return to pre-Covid margins
Brinker International’s road to recovering pre-pandemic restaurant margins may take a little longer than expected, Evercore ISI said. Source
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Buy Winnebago as the brand is the ‘unicorn’ of RVs and shares are cheap, MKM Partners says
Demand for RVs will continue to grow as consumers look for outdoor vacation options, and Winnebago is a “unicorn” in the industry. Source
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SocGen points to cost of Ukraine war with higher bad loan provisions
French bank Societe Generale has announced plans to exit Russia. Bloomberg | Bloomberg | Getty Images French lender Societe Generale said on Thursday it would have additional costs as a result of the war in Ukraine because more customers would be unable to repay their loans, underscoring the ever wider economic damage in Europe. France’s […]
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Want an inflation-ready portfolio? Top economist says a traditional route won’t cut it
Societe Generale’s global head of economics, Kokou Agbo-Bloua, explains why the firm is changing up the traditional 60/40 portfolio. Source
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Consumers at breaking point as Fed’s inflation battle heats up, investor Peter Boockvar warns
The economy may be hitting a crucial turning point. Investor Peter Boockvar warns the Federal Reserve will not be able to meaningfully contain surging inflation, and there’s not much more consumers can withstand. “It gets to the question: At what point does the consumer blink in the face of these rising prices,” the Bleakley Advisory […]
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Cramer’s lightning round: Marvell Technology and Bausch Health are buys
Bausch Health: “We wanted to buy more today, but we ran out of time. This thing is being put on sale. There are shorts taking it all the way down. It is quite ridiculous. I wanted to be able to buy a huge slug of it today, so that’s how I feel for the [Charitable […]
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Clorox’s brands are inflation-proof and can thrive in recessions, CEO says
Clorox CEO Linda Rendle told CNBC on Wednesday the company’s products are “household essentials” that can withstand rising inflationary environments and tough economic times. The company’s brands include its namesake Clorox products as well as Brita water filtration, Glad bags and Burt’s Bees to highlight a few. As an example of Clorox’s pricing power, Rendle […]
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Cramer says Wednesday’s relief rally won’t vanquish the bears, expects Fed skeptics to remain
CNBC’s Jim Cramer said Wednesday he’s still “drawn to owning stocks,” even as the Federal Reserve aggressively raises interest rates in such a way that some skeptics believe will send the U.S. economy into a recession. “They probably sold into the rally today. They will sell again tomorrow because this is who they are,” the […]
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Bitcoin jumps to $40,000 after Fed chair Powell rules out bigger rate hikes
Crypto industry players who are bullish on bitcoin point to various reason why they think the digital currency will go up, including rising inflation and increasing institutional investor participation. But an uncertain regulatory environment continues to prove a headwind for bitcoin. STR | NurPhoto via Getty Images The price of bitcoin climbed about 6% Wednesday […]
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