There is light at the end of the tunnel for Microsoft (MSFT) as a global economic slowdown weighs on the tech giant’s growth, argues Piper Sandler analyst Brent Bracelin. Microsoft growth rates are “going to bottom here either this quarter, the current quarter they reported, or the next quarter,” Bracelin said on Yahoo Finance Live (video above). “So we are close to saying the worst declines are over for these non-cloud segments like Windows and devices and advertising.” While that may provide… Source link
Read More »Why the bear market hasn’t bottomed yet, according to one top forecaster
The bulls probably don’t want to hear this, but the bottom for this current bear market cycle may not be in place yet. “Frankly, the history of bear markets is such that when you think about it in the context of that October low that we had, no bear market has ever bottomed before the recession started,” Julian Emanuel, strategist at Evercore ISI, pointed out on Yahoo Finance Live (video above). “We don’t necessarily need to see the full breadth and depth of the recession — we need to see… Source link
Read More »Have the markets bottomed, and is it safe to buy? Experts weigh in
A recession? Don’t tell that to the stock market. The major averages ended positive for the week. That came after the best month for the S&P 500 (^GSPC) since November 2020. Granted, the Nasdaq Composite (^IXIC) is still 20% down year-to-date, and the S&P 500 is 13% in the red. But the recent rally in the markets has some investors wondering if we’re watching a turning point, and if it’s safe to buy. In continuation of our series “What to do in a bear market,” Yahoo Finance asked the… Source link
Read More »‘Has the stock market bottomed yet?’
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. So I am carrying my inflationary bag of groceries up the stairs on Sunday, trying to decompress for at least seven minutes, when I suddenly hear a neighbor call out: “Hey Sozzi, saw you on TV again. Has the… Source link
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