S&P 500 Index
We’re trimming 3 stocks that we still like after they all rallied in recent weeks
Friday afternoon’s three sales allow us to raise cash because the stock market is getting into overbought territory. Source
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Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]
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Market jump after Fed rate hike is a ‘trap,’ Morgan Stanley’s Mike Wilson warns investors
Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief U.S. equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The market […]
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13 of our companies report earnings this week. Here’s what Wall Street expects
Traders work on the floor of the New York Stock Exchange (NYSE) on January 18, 2022 in New York City. The Dow Jones Industrial Average fell nearly 500 points in morning trading as investors weigh quarterly earnings and other economic news in a shortened trading week. Spencer Platt | Getty Images Source
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Senate advances more than $50 billion bill to boost U.S. semiconductor production
Sefa Ozel | E+ | Getty Images The Senate voted to advance a slimmed-down version of its bill designed to boost U.S. semiconductor competition with China. The bill cleared a key procedural hurdle Tuesday evening in a 64-34 vote even as lawmakers worked to finish various sections of the legislation. The bill, which would provide about […]
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Investors have put $43 billion in dividend-paying funds this year. Before you ‘chase dividends,’ here’s what to know
With increased fears of a possible recession, investors seeking steady income may turn to stocks paying quarterly dividends, which are part of company profits sent back to investors. Historically, dividends have significantly contributed to an asset’s total return, sometimes providing a boost during economic downturns. From 1973 to 2021, companies paying dividends earned a 9.6% […]
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4 takeaways from the Investing Club’s ‘Morning Meeting’
Bank of America slashed its S&P 500 price target to 3,600 from 4,500, the lowest year-end target on Wall Street. Source
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Rate resets on 9.62% interest, taxes, inherited assets: Experts weigh in on 3 tricky questions about Series I bonds
The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose by 8.6% in May — the highest rate in more than four decades, according to the U.S. Department of Labor — I bonds are currently paying […]
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5 things to know before the stock market opens Friday
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks stay on a winning streak? The S&P 500 has posted gains for four straight trading days heading into Friday’s session, offering investors glimmers of hope […]
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Asset manager names his top stocks trading at a ‘sizable discount’ right now
With stock markets yet to emerge from the doldrums of a brutal first half sell-off, investors are increasingly seeking strategies to preserve and grow their capital. Asset manager Jack Ablin tells CNBC how he’s trading the market volatility, highlighting some of his top stocks along the way. Investors should be putting their money in companies […]
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