Tag Archives: levels

Google Stock: A Compelling Buy At The Current Levels (NASDAQ:GOOG)

Google Stock: A Compelling Buy At The Current Levels (NASDAQ:GOOG)

400tmax/iStock Unreleased via Getty Images Currently, Google (NASDAQ:GOOG) (NASDAQ:GOOGL) is one of the most resilient businesses in the world. Despite the macroeconomic uncertainty, the company has all the chances to continue to have a dominant position in the digital ads market, it has more than enough resources to weather a major crisis, and its latest initiatives could help it to continue to expand its business more even in the current turbulent environment. While there’s a high chance… Source link

Read More »

Morgan Stanley Says These 3 Stocks Could Surge Over 60% From Current Levels

Morgan Stanley Says These 3 Stocks Could Surge Over 60% From Current Levels

Investors are facing a confusing environment, with long- and short-term signals sending different messages. Inflation remains stubbornly high, above an 8% annualized rate, and the Federal Reserve has made it clear that additional interest rate hikes are in the offing. Stocks are well off their highs, and despite last Friday’s gains, the S&P 500 and the Nasdaq posted their sixth consecutive weekly loss. But there are positives, too. The 1Q22 earnings season gave an upbeat vibe, as more than… Source link

Read More »

Jobless claims hold near their lowest levels since the 1960s

Jobless claims hold near their lowest levels since the 1960s

Weekly unemployment claims held near their lowest levels since the 1960s, with a strong labor market and improving levels of unemployment remaining a bright spot in the U.S. economy. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended April 16: 184,000 vs. 180,000 expected and an upwardly revised 186,000 during prior… Source link

Read More »

Canadian inflation hits levels not seen since 1991

Canadian inflation hits levels not seen since 1991

Canadian inflation has an effect on the economy whether it’s interest rates, mortgage rates, gas prices or any other thing we require as a good or service. (Getty Images) Canadian inflation topped 5 per cent in January, for the first time since September 1991. Statistics Canada says the Consumer Price Index (CPI) rose 5.1 per cent year-over-year, higher than estimates of 4.8 per cent. It was 4.8 per cent in December. For the sake of comparison, the CPI increased 1 per cent in January 2021 on a… Source link

Read More »

Semiconductor shortage has reached ‘crisis’ levels, Commerce Secretary says

Semiconductor shortage has reached ‘crisis’ levels, Commerce Secretary says

U.S. Commerce Secretary Gina Raimondo says it’s high time for lawmakers to pass legislation that helps end a crippling pandemic-fueled semiconductor shortage that has been going on for a longer than a year.  “It’s a crisis,” Raimondo said of the shortage on Yahoo Finance Live.  Findings from a new Commerce Department survey underscore the extent of that crisis.  The median inventory of semiconductor products highlighted by buyers has fallen from 40 days in 2019 to less than five days in… Source link

Read More »

Stock futures pull back from record levels

Stock futures pull back from record levels

Stock futures opened lower Thursday evening as investors took in another batch of earnings results and more data on the pace of the economy recovery. Contracts on the S&P 500 edged lower by about 0.3% as the overnight session kicked off. The blue-chip index had hit record intraday and closing highs during the trading day on Thursday. Dow and Nasdaq futures also moved lower.  Snap (SNAP) shares sank more than 20% in late trading after missing third-quarter revenues and offering weak… Source link

Read More »

Salmonella outbreak, mislabeled food and unsafe levels of lead prompt food recalls

Salmonella outbreak, mislabeled food and unsafe levels of lead prompt food recalls

Grocery shoppers, beware: a number of recalls have been announced in recent days on seafood, crackers and canned beef with gravy. Shoppers should be on the lookout for some products from Northeast Seafood Products (which has distributed seafood products linked to a salmonella outbreak), Simple Mills (which is warning consumers of a packaging mistake that could lead to severe allergic reactions) and Crider Foods (which issued a recalled for canned beef with gravy after discovering it may have… Source link

Read More »