Traders on the floor of the NYSE, May 17, 2022. Source: NYSE Stock futures dipped in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. Futures on the Dow Jones Industrial Average shed about 60 points, or 0.2%. S&P 500 futures eased 0.2% and Nasdaq 100 futures ticked down 0.1%. Retail corporate earnings continued after the …
A recap of Thursday's best stock picks on CNBC. Source link
A recap of Wednesday's best stock picks on CNBC. Source link
Hedge funds recently rotated into winning industrial stocks as their favorite growth darlings underperformed the market, according to RBC. The Wall Street firm analyzed stock-level holdings of 310 hedge funds based on the recently released regulatory filings, and it found that hedge funds’ overweight to the industrial sector hit a new high at the end of the first quarter. The …
Fairlead Strategies founder Katie Stockton said Wednesday that the S & P 500 could plunge as low as 3,200 before bottoming in the most calamitous outcome for the market. “I think worst-case scenario should be about 3,200, because that’s the secondary level below 3,500. It’s based on a very important Fibonacci retracement level. … So that to me seems like …
Here are Wednesday’s biggest calls on Wall Street: Oppenheimer upgrades CME to outperform from perform Oppenheimer said that the exchange company a good defensive play in a bear market. “We are upgrading CME from Perform to Outperform and introducing a price target of $223. The upgrade is predicated upon our assumption that no extreme events and recession are imminent, and …
Shares of Porch Group may have plummeted 75.3% this year, but the homes services company is poised for a rebound and its shares could nearly triple, Compass Point Research said. Analyst Jason Weaver initiated coverage of the stock with a buy rating on Wednesday, noting that the company’s “tech-enabled approach” and unique business model gives it a competitive edge. “The …
BEIJING — The central Chinese government in Beijing would only use force as the “last resort” for Taiwan reunification, said a retired officer of the People’s Liberation Army. “The Chinese PLA is getting stronger and stronger, and we have geographical proximity,” said Zhou Bo, now a senior fellow at Tsinghua University’s Center for International Strategy and Security Studies. “That does …
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 points, or 0.4%. S&P 500 and Nasdaq 100 futures …
While market losses were racking up, this group of stocks was breaking out to all-time highs and looks set for even more gains. The group is Big Pharma. It’s been long viewed as stodgy by investors looking for quicker price gains. Recently, however, as other stocks slid, these companies have become more attractive because of stable business models and steady …
