Wall Street
Logitech is a huge buy at these levels and can go up nearly 49% from here, Bank of America says
Analysts consider the computer peripherals manufacturer “too inexpensive to ignore” after the stock tumbled nearly 13% year to date. Source
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Buy Johnson Controls as sell-off is ‘unfounded,’ Deutsche Bank says
Investors should buy the dip on Johnson Controls, according to Deutsche Bank. Source
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Morgan Stanley downgrades Alcoa, says good news already baked into the stock
The good news for aluminum production company Alcoa has already been priced into the stock, according to Morgan Stanley. Source
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Morgan Stanley says the time is right for steady utilities stocks. These are the firm’s favorites
The bank issued a list of overweight-rated companies for investors seeking safety in uncertain markets. Source
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Ryan Cohen scoops up 100,000 more shares of GameStop, meme stock soars as much as 20% after hours
NurPhoto | NurPhoto | Getty Images GameStop chairman Ryan Cohen just bought another 100,000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9% as the activist investor tries to push the company into e-commerce. The meme stock jumped as high as about 20% in after-hours trading Tuesday after a 30% rally […]
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Stock futures are steady as investors juggle Fed comments and policy
Traders on the floor of the NYSE, March 17, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed in overnight trading on Tuesday as investors continue to digest revelations from the Federal Reserve on inflation and interest rates. Dow futures fell just 11 points. S&P 500 futures dropped 0.03% and Nasdaq 100 futures […]
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Carl Icahn says there ‘very well could be a recession or even worse’
Carl Icahn says there ‘very well could be a recession or even worse’ Famed investor Carl Icahn said Tuesday an economic downturn could be on the horizon and he is loaded on protection against a steep sell-off in the market. “I think there could very well could be a recession or even worse,” Icahn said […]
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Traders bet on an aggressive Fed and predict half-point rate hikes in May, June
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022. Yasin Ozturk | Anadolu Agency | Getty Images Traders are betting Federal Reserve Chairman Jerome Powell’s tough inflation talk means the central bank will step on the throttle to […]
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Stocks like ConocoPhillips and Wells Fargo should be the big winners as rates rise, history shows
As bond yields surge to multi-year highs, a CNBC Pro screen surfaces companies that outperformed during similar increases in the past. Source
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Retail investors just posted the longest streak of buying bank stocks since 2008, BofA says
Analysts cited the “surprising positive flow signal” as support for a broader thesis that investors should plow funds into banks and other financial players. Source
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