Wall Street
Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when it comes to growth, technology and innovation names. “The two certainties in this world of uncertainty today is that profits growth is […]
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S&P 500 futures are little changed after a late day rally and ahead of Fed minutes
Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. equities futures were flat Tuesday night after the market staged a big midday reversal, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data. Futures tied to the Dow Jones Industrial […]
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JPMorgan trims price target for Tesla, says shares could fall more than 40% on weaker deliveries
Shares of Tesla could still fall more than 40% from here as the electric vehicle maker faces challenges ramping up deliveries, according to JPMorgan. Analyst Ryan Brinkman reiterated an underweight rating and trimmed the price target for Tesla, saying in a Tuesday note that the firm lowered its second-quarter and full-year earnings estimates after the […]
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One boring stock quietly hits all-time high as bear market rages
As the bear market continues to rage on, one boring stock has quietly hit an all-time high. On Tuesday, shares of General Mills reached $76.09, a new intraday high since the food company started publicly trading in 1928. Investors have been positive on the food company, which has gained more than 10% this year while […]
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Buy shares of Crocs, which could climb 50% from here on `healthy sell through’, Loop Capital says
It’s time to buy shares of Crocs , which could climb more than 50% after its stock slump this year, according to Loop Capital. Research director Laura Champine upgraded shares of Crocs to buy from hold, saying in a Tuesday note that the stock is looking cheap after investors ditched what had been a beneficiary […]
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Bonds flash recession warning light as key part of the yield curve inverts again
The bond market is flashing a warning that the economy may be falling or already has fallen into recession, according to one closely watched measure. Market pros watch the spread on the Treasury yield curve, or the difference between the longer duration Treasury yields and shorter duration yields. Normally, longer duration yields, like the yield […]
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Piper Sandler cuts Netflix price target, says ‘Stranger Things’ to provide only short-term relief
Netflix is still a “business in transition” story for investors to monitor and not buy yet, even with shares down more than 70% from their highs, according to Piper Sandler. Analyst Thomas Champion reiterated a neutral rating on Netflix and cut his price target by 28%. In a Tuesday note, the analyst said stiffer competition, […]
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Evercore ISI downgrades HP, lowers earnings estimates on tough PC market later this year
Shares of HP could see “downside bias” as the company deals with a tougher market for PCs later this year, according to Evercore ISI. Analyst Amit Daryanani downgraded shares of HP to in line from outperform, saying in a Monday note that earnings for the company, which is favored by Warren Buffett’s Berkshire Hathaway, could […]
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The second-half is ‘not looking good’: Strategists on how to weather the market storm
A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters The first half of 2022 was historically dismal for global stock markets, and strategists think there are dark clouds on the horizon and some way to go before the storm blows over. The S&P 500 […]
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Stock futures are flat after another losing week on Wall Street
Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come […]
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