Tag Archives: cheap

The last few days’ trading have been enough to make our heads spin. Markets have shifted up and down, showing both volatility and a short-term upward trend, a pattern that has investors wondering if this is the start of a sustained run of gains, or just a bear-market rally. Stiffel Chief Equity Strategist Barry Bannister believes that there’s less reason for fear and lays out a strong case for upside. “We forecast the S&P 500 up to 4,200 in 3Q22E and recommend Cyclical Growth groups…… Source link

(Bloomberg) — For years, the U.S. warned Germany of building up a dangerous energy dependence on Russia, the source of more than half of its fossil fuel imports. Now that the war in Ukraine has shocked Berlin into the same conclusion, the government is finding that changing course might be too late. Most Read from Bloomberg Europe’s largest economy is facing up to the prospect that the bulk of its natural gas and coal supplies could get choked off, ripping through its industrial base and… Source link

Volatility, and descending trends, that’s the path the markets are taking these days. While the usual headwinds are all in play, the chief worry now is coming from Eastern Europe. Will Russia invade, or won’t it? A shooting conflict, involving a superpower, taking place in one of Europe’s most agriculturally productive and mineral-rich countries, has huge potential for political and economic fallout, enough to keep pundits and market watchers awake at night. But an in-depth analysis of… Source link

El Salvador President Nayib Bukele during the Latin Bitcoin conference on November 20, 2021.Marvin Recinos/AFP via Getty Images El Salvador has bought 410 bitcoin for $15 million, the country’s President Nayib Bukele tweeted Friday. “Some guys are selling really cheap,” he wrote, as crypto continued to sell off. Bitcoin has plummeted over the last week and is down almost 50% from its November record high. El Salvador purchased 410 bitcoin worth $15 million as the cryptocurrency’s price plunged,… Source link

It could be time to do some holiday shopping not at the malls but in the bruised stock market, opines Wells Fargo’s senior equity analyst Chris Harvey.  “It might be a little early to buy the stock market, but perhaps a few “Black Friday discounts” are ready for the shopping cart,” said Harvey in a research note titled “Holiday Sale!” Wednesday. Harvey lists 26 stocks (see list below) as potential buys right now, headlined by American Express, Ralph Lauren, Expedia, Hyatt Hotels and… Source link

On November 19th, 2019, Google launched its Stadia cloud gaming service as a work in progress, and it’s arguably still one today. But one thing that’s consistently improved is the price of entry, and Google’s bringing it down even further to celebrate Stadia’s second birthday. You should now be able to purchase a Stadia Premiere Edition hardware kit with the Chromecast Ultra and Stadia Controller for just $22.22 or €22.22 in fourteen countries including the US and UK “while… Source link

The valuation on Facebook’s stock (FB) looks way out of whack with the social media giant’s continued digital dominance, argues long-time bull Brent Thill at Jefferies.  “Interestingly, Facebook is now the second cheapest stock in our large cap coverage (eBay is cheapest) and trades at a 30% discount to the Nasdaq (vs. two-year average 18% discount). In our view, Facebook’s valuation is among the most attractive in Internet, particularly on a growth adjusted basis,” Thill said in a new… Source link

Just like a $1 slider, Jefferies restaurant analyst Andy Barish says restaurant stocks are too cheap to ignore…and it’s time to chow down. “Really it’s the damage done [during the pandemic] unfortunately to a lot of independent restaurants in the sector during the past 18 months of the pandemic that has caused a huge amount of capacity to be reset. So coming out of the pandemic, the large restaurant chains are very well positioned to take incremental market share in the form of better… Source link

After going through a combination of lockup expiry and uneventful earnings in August, SoFi Technologies, Inc. (NASDAQ: SOFI) held the line at US$14 level. While the stock is still struggling to break above US$16, we can probably agree that it is doing better than expected. Yet, in the face of the latest rating, we will examine our take on the intrinsic value through the discounted cash flow (DCF) method. Check out our latest analysis for SoFi Technologies The Latest Outlook With the worst,… Source link

(Bloomberg) — The sobering United Nations-backed report on global warming last week prompted a lot of hand wringing from governments and the general public about fossil fuels. The response from investors in the oil and gas industry? A big shrug. Shares of energy companies, which led the S&P 500 higher for much of the year, ended the week little changed. Oil prices rebounded from a selloff earlier in the month, despite the warnings that the world must wean itself off fossil fuels, and… Source link