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Falling investor interest, lackluster user adoption threaten bitcoin outlook, Citi says
The collapse of the Terra network’s algorithmic stablecoin and sister currency luna added pressure to an already downbeat cryptocurrency market. Now investor activity and interest seem to be waning, according to Citi. The firm said that trading volumes and active wallet addresses have reverted back to normal levels after spiking around the time of Terra’s […]
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These stocks post solid returns during sluggish economic times like we’re going through now
Ever-growing fears of an economic recession have left investors scrambling to figure out how to protect their portfolios. In the first quarter, U.S. GDP contracted by more than 1% as the country dealt with the spread of the omicron Covid-19 variant. The economy is also seen as struggling in the second quarter, with the Atlanta […]
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Target and Microsoft may be just the beginning of a worrisome earnings trend
Target is unlikely to be the only company with a bullseye on it during the upcoming earnings season. The retailer Tuesday warned for the second time in less than a month that its profits would take a hit from an inventory glut. The new guidance comes just days after Microsoft , in another high profile […]
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Signs are growing of a top in both inflation and job gains
The U.S. economy looks to be on the verge of hitting two highs simultaneously — peaks in inflation and job creation that could be important influences on the path of monetary policy. May’s nonfarm payrolls report corroborated other recent evidence that while the jobs market remains strong, future gains could be tempered. At the same […]
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Searching for value in the battered biotech sector, which may not have hit bottom yet
Investors have been laser-focused on profit-producing companies, which has left companies in their pre-revenue stage on the sidelines. As a result, a growing number of biotech stocks are now trading below the value of the cash on their balance sheets. Over the past year, the SPDR S & P Biotech ETF is down nearly 44%, […]
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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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Credit Suisse analysts believe better days are ahead for these cheap growth stocks
Some growth stocks that have been pummeled in this year’s sell-off could be poised for a comeback, according to Credit Suisse. Stocks have been under pressure this year as investors face uncertainty surrounding the Federal Reserve’s rate hikes and surging inflation. The sell-off has been especially hard on tech and growth companies, which rely on […]
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Beware of these dollar-vulnerable stocks if they’re in your portfolio
The U.S. dollar has been strong this year, and that could mean bad news for companies dependent on international sales. The dollar index , which measures the U.S. currency’s performance against six other major trading currencies such as the euro and the yen, is up more than 6% this year. Earlier this month, the index […]
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Citigroup downgrades U.S. equities, says get defensive because of ‘deflating bubble’
It’s time to get defensive on U.S. equities amid “significantly” rising recession risks, according to Citigroup. The global asset allocation team downgraded U.S. equities to neutral amid troubling signs — including disquieting signs in the stock market and hawkish guidance from the Federal Reserve chair — despite not technically holding a recession in its base […]
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Breaking down the market’s tumble into a bear market — and what comes next
The relentless sell-off in stocks started marking some grim milestones this past week. The S & P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or […]
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