U.S. stock futures slide after S&P 500 posts back-to-back gains: Live updates

U.S. stock futures slide after S&P 500 posts back-to-back gains: Live updates


Investors need to practice patience amid a ‘very much intact bull market,’ says Oppenheimer

It is essential for investors to practice patience and not got swept up in trepidation amid this period of heightened uncertainty, according to Oppenheimer.

In a Monday note, Oppenheimer chief investment strategist John Stoltzfus reiterated his bullish stance on equities.

“We remain positive on stocks and consider near-term volatility tied to the uncertainties surrounding the tariff regime structure — which for now remains in our view very much ‘a work in progress’ — as not atypical of a period in market history which is laden with watershed caliber developments in technological innovation and changes likely to the global trade landscape that seek to create a fairer and likely more competitive global venue,” he wrote.

Stoltzfus added: “Pullbacks earlier this year have mostly looked like ‘trims’ and ‘haircuts’ for the S&P 500 whenever bears, skeptics, and nervous investors have found a catalyst to take near-term profits without FOMO (fear of missing out) amid what appears to us in fundamentals that persist in showing resilience like a very much intact bull market.”

Specifically, Stoltzfus listed his favorite sectors as information technology, communications services, consumer discretionary, financials and industrials — sectors that have all sold off this year.

— Lisa Kailai Han

ON Semiconductor stock rises 3% after withdrawing offer to buy Allegro MicroSystems

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ON/ALGM 5-day chart

In a press release, ON Semiconductor said it had “determined there is no actionable path forward,” but that the company would focus its efforts on other opportunities to enhance shareholder value.

— Lisa Kailai Han



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