Markets
Piper Sandler double downgrades Wingstop, says restaurant stock will fall more than 15%
Piper Sandler moved its rating on Wingstop to underweight from overweight in a rare double downgrade. Source
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Nickel falls 12% to hit limit down again on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling […]
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Here’s what Chinese state media is saying ahead of Xi’s call with Biden
Chess pieces are seen in front of displayed China’s and U.S. flags in this illustration taken January 25, 2022. Dado Ruvic | Reuters BEIJING — While Chinese state media have tacked away from primarily pro-Russian coverage of the war in Ukraine, one of the consistent messages remains: Blame the U.S. Chinese President Xi Jinping and […]
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Investor behavior in Europe is mirroring the market’s worst crises, new research shows
Traders from BGC, a global brokerage company in London’s Canary Wharf financial centre react as European stock markets open early June 24, 2016 after Britain voted to leave the European Union in the EU BREXIT referendum. Russell Boyce | Reuters LONDON — European fund flow patterns so far this year are emulating historical crisis periods […]
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Hong Kong’s Hang Seng falls more than 2% as volatile week continues; Biden and Xi set to speak
SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade as the Bank of Japan held steady on monetary policy. Hong Kong’s Hang Seng index dropped 2.55% in morning trade as shares of Chinese tech titan Tencent slipped more than 4%. The benchmark index has had a volatile week so far, seeing big losses […]
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Dan Niles predicts a recession — and picks stocks to weather the volatility ahead
Multiple “very strong indicators” are pointing toward a recession next year, warns Satori Fund’s Dan Niles. Source
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Jim Cramer says investors should buy these 11 recently-boosted dividend stocks
CNBC’s Jim Cramer on Thursday offered investors a list of dividend stocks with yields that recently increased, that he believes buyers should add to their portfolio. Dividends are a generally “unassailable defense against a volatile market,” the “Mad Money” host said, which means that they can be attractive additions to the portfolio of an investor […]
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Wall Street banks love these under-the-radar stocks they say can beat the market
Bank of America and Citi have identified dozens of under-the-radar U.S. and global stocks they say could outperform the market. Source
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Cramer’s lightning round: Ralph Lauren is a better stock than Canada Goose
Sturm Ruger & Company Inc: “I am a hunter, but I don’t usually recommend gun stocks, just because I don’t think it’s right to. … It’s a tough call for me.” Carnival Corp: “If I have to buy one, I’ll do [Norwegian Cruise Lines], because I think that [chief executive] Frank Del Rio has done […]
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Keep trusting money-making companies through market turbulence, Cramer says
Investors need to keep their eyes on the prize by choosing companies with tangible results and tuning out the outside noise, CNBC’s Jim Cramer said Thursday. “Stay out of the crosshairs of the young, money-losing stocks — many of which should never have come public and came way too early — and instead just find […]
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