Stock markets
‘We are nowhere near the bottom,’ top economist says as global markets crater
The New York Stock Exchange on May 3, 2022. Brunello Rosa, the CEO and head of research at Rosa & Roubini, believes there is much more monetary tightening to come from central banks, and more bad news on economic activity. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this summer as […]
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JPMorgan says sell FuboTV as questions about the company’s long term business model remain
The streaming market continues to heat up and despite its differentiated offering, JPMorgan sees no room for growth at FuboTV. Source
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China’s Covid lockdowns are hitting more than just Shanghai and Beijing
Nationwide, about 327.9 million people in more than 40 cities are affected by the latest lockdowns, Nomura’s Chief China Economist Ting Lu estimated Wednesday. Pictured here from February is a closed shopping mall in Suzhou with red banners proclaiming the need to fight the virus. Sopa Images | Lightrocket | Getty Images BEIJING — While […]
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Cramer’s lightning round: Stay away from CoreCivic
Loading chart… CoreCivic Inc: “Let’s just stay away.” Loading chart… Inmode Ltd: “If you want med tech, you just want Edwards Lifesciences.” Loading chart… Western Midstream Partners LP: “This one’s got a great yield, really good story.” Loading chart… SGHC Limited: “They are doing well, and I don’t say that idly.” Loading chart… Enterprise Products […]
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Looking for opportunity in the tech wreck, Bernstein likes these cheap quality stocks
More investors are looking for solid names as rising bond yields prompt a pivot away from growth-oriented stocks. Source
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Here’s why Jim Cramer is warning investors to stay away from ScottsMiracle-Gro
CNBC’s Jim Cramer on Thursday told investors to resist the urge to add ScottsMiracle-Gro to their portfolios, despite the stock’s low valuation. “Historically, this is a great time of year for anything garden related because it’s planting season, and Scotts is a name that we used to get a ton of questions about. … But, […]
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Jim Cramer says to buy selectively and be curious to beat the current market turmoil
CNBC’s Jim Cramer on Thursday said that investors looking to successfully navigate a market roiled by inflation, geopolitical concerns and Covid should do two things: buy discriminately and be inquisitive. “It’s hard to be curious. … But over the long-haul, curiosity tends to be a much better bet [than panic]. Right now, I think a […]
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Stock futures are little changed after Dow’s worst day since 2020
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, May 5, 2022. Andrew Kelly | Reuters Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020. Futures on the Dow Jones Industrial Average were near flat. […]
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Stocks making the biggest moves midday: Shopify, Etsy, Twitter and more
Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Thursday: EPAM Systems — Shares jumped 10% after the computer software company posted better-than-expected results for the previous quarter. EPAM reported $2.49 earnings per share on […]
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Bank of America has a favorite group of stocks to ride out the market turmoil
One sector offers investors “growth, defense and yield” at a reasonable price, analysts said. Source
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