Wall Street
Morgan Stanley downgrades Pinterest, calls user engagement numbers ‘troubling’
Critically, U.S. time spent per user has tumbled to 2017 levels at the social media platform. Source
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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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Stock futures are flat ahead of consumer confidence data
Stock futures were flat in overnight trading ahead of Tuesday’s consumer confidence data and a big week for economic data. Futures on the Dow Jones Industrial Average dipped 20 points or 0.06%. S&P 500 futures were flat, while Nasdaq 100 futures inched 0.1% lower. During Monday’s regular trading session, the Dow Jones Industrial Average rose […]
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How to trade restaurant stocks as higher gas prices hit consumers, according to Piper Sandler
History shows that dine-in restaurants, like Olive Garden’s parent Darden, outperform when oil prices surge, the firm found. Source
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Stocks making the biggest moves in the premarket: Tesla, Beyond Meat, Coinbase and more
Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla will ask shareholders to authorize the issuance of additional shares at the upcoming annual meeting so it can pay a stock dividend, according to a company tweet. The additional shares would enable the company to split its stock. Tesla […]
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Stock futures are little changed ahead of a big week of economic data
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE Stock futures were little changed Sunday evening as investors look ahead to a series of key economic reports and continue to keep a close eye on the Federal Reserve’s planned interest rate hikes. Futures tied to the Dow Jones Industrial Average inched higher […]
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Stocks could take their cue from oil, inflation and interest rates in the week ahead
Traders on the floor of the NYSE, Feb. 24, 2022. Source: NYSE March’s employment report is coming up in the week ahead, but developments in Ukraine, the price of oil and an inflation report are likely to steer the market. Stocks notched gains for the week, while interest rates ripped higher and oil prices jumped. […]
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The bull case on Apple that could take it 70% higher from here, according to Evercore ISI
Some multi-billion opportunities in AR/VR, advertising and more could help the tech company hit the upside scenario. Source
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Stock futures are little changed as S&P 500 looks for second straight positive week
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters U.S. stock futures were little changed on Thursday evening after a bounce-back session on Wall Street. Futures tied to the Dow Jones Industrial Average ticked up 11 points, or less than 0.1%. […]
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We went hunting where Bill Miller said to look for bargains and found these stocks
CNBC Pro surfaced stocks that are expected to grow earnings per share, after falling at least 40% from their 52-week highs. Source
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