Morgan Stanley disagrees with the rest of Wall Street: The bank’s top strategists are gearing up for a much longer bear market while others are betting the sell-off is short-lived. “The rolling bear market continues to make progress and there is growing evidence that it is morphing into a proper cyclical bear market in the … Read more
The stock market sell-off over the past month has gotten “overdone” and will be offset in part as companies return to buying back their own shares, according to a Goldman Sachs analysis that sees the market gaining close to 6 percent over the next two months. While acknowledging some economic headwinds in the coming years, … Read more
Stocks traded mostly higher on Monday as investors tried to regain their footing amid steep losses this month. Sentiment was also lifted by a big acquisition in the tech space as well as strong gains by bank shares. Gains were pared, however, as a few of the market’s largest technology and consumer discretionary stocks rolled … Read more
Amazon’s stock was diving Friday, a day after the e-commerce giant reported disappointing third-quarter revenue and gave lower guidance for the quarter ahead. Amazon shares fell 7 percent in premarket trading even as analysts reaffirmed their long-term bullish stance on the stock. Wall Street analysts adjusted price targets on Amazon, with many repeating previous convictions … Read more
U.S. stock futures pointed to a significantly lower open on Friday as the release of disappointing quarterly results from key tech companies overshadowed strong economy data. At 9:02 a.m. ET, Dow Jones Industrial Average futures implied a drop of more than 235 points at the open. Meanwhile, the S&P 500 and Nasdaq 100 futures also … Read more
Wall Street looks to close out the week with more than 43 percent of the S&P 500 in a bear market, having fallen at least 20 percent from 52-week highs. With volatile swings taking down so many S&P 500 names, Chantico Global CEO Gina Sanchez says a flight to value stocks could be the best … Read more
Stocks bounced back today. After a higher open, there was a small pullback in early trading. But just 15 minutes into the trading session stocks started to rally and continued higher almost all day long. Traders seemed to be looking for a reason to buy today. And positive earnings did the trick. Tech stocks were … Read more
Tim Cook, CEO of Apple, smiles during a demonstration of the newly released Apple products following the launch event at the Steve Jobs Theater in Cupertino, California, September 12, 2018. Apple is likely to post a huge jump in average selling price (ASP) for the iPhone when it reports fourth quarter earnings next week, according … Read more
JMP Securities gave Tesla shares a new outperform rating on Wednesday, citing the automaker’s collection of top talent and competition that continues to lag behind Elon Musk’s electric car manufacturer. — TRENDING NOW— He predicted Dow 20,000, the dot-com crash, and the housing bubble. Dr. Steve Sjuggerud will be staging a massive online event on … Read more
What a ride! Stocks finished the day lower. But the end of day numbers tell just part of today’s story. After kicking off the session with losses, stocks continued to slide this morning. At one point the S&P was down more than 2.0% and trading at lows not seen since June. And the DOW was down over 500 points! … Read more