Tag Archives: market

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 Monday, December 13, 2021 And the verdict is: Interest rate hikes from the Federal Reserve in 2022 are OK, says Mr. Market.  Dare I say this week’s Fed decision on Wednesday may be a non-event for the markets? (Our Fed correspondent Brian Cheung shudders at this mere suggestion.) How else should one assess the landscape going into the meeting —… Source link

Charlie Munger: This market is ‘even crazier’ than the dot-com bust — here are 3 contrarian stocks to help you sidestep the herd Berkshire Hathaway Vice Chairman Charlie Munger tends to be much more direct with his warnings and criticisms than his business partner, Warren Buffett. Munger didn’t mince words when he said earlier this month that he considers today’s stock market environment “even crazier than the dot-com era.” “I just can’t stand participating in these insane booms,”… Source link

Apple, whose stock is perched at a record high, is inching closer to becoming a $3 trillion company as Wall Street gets bullish on its future. The tech giant saw its shares jump more than 3% following Morgan Stanley’s Kathy Huberty note to investors about raising price target from $164 to $200. Huberty argued that it’s time to consider the company’s plans to launch an augmented reality product and self-driving car in the next few years. Similarly bullish sentiment came from KeyBanc… Source link

Stock futures opened higher Tuesday evening after a technology-led rally during the regular trading day, as investors looked through concerns over the Omicron variant and a potential policy pivot by the Federal Reserve.  Contracts on the Nasdaq Composite opened in the green. Earlier, the index closed higher by more than 3%, posting its best day since March. The S&P 500 and Dow also advanced solidly, rising more than 2% and 1.4% during the session, respectively. Treasury yields climbed, and… Source link

The newest Yahoo Finance Company of the Year award winner Microsoft may not be done enriching shareholders, contends bull Dan Ives of Wedbush.  “I think they clearly can hit,” said the widely followed tech analyst on whether Microsoft will hit a $3 trillion market cap in early 2022. Ives rates Microsoft shares at Outperform with a $345 12-month price target.  Microsoft’s stock presently trades at $322 a share. At a market value of $2.42 trillion, Microsoft is only 23% shy of reaching the $3… Source link

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 Monday, December 6, 2021 Most investors will enter this week confused after battling through another topsy-turvy trading week.  Bitcoin nosedived at its worst by 20% over the weekend (more on that below). Last week, the S&P 500 saw five straight losses of at least 1% at one point each day, according to Bloomberg data. Small-cap stocks as measured… Source link

Markets should be wary of high inflation and the potential spread of new COVID variants in 2022, a new Bank of America (BAC) report warns. “Future COVID waves are the biggest downside risk,” the report noted. “On the upside, the supply-side wakes up to meet the gains in demand.” Authored by several Bank of America Global Research economists, the report mainly focuses on the various threats to the global economy in 2022 and beyond. Among these economic risks are high inflation rates, the… Source link

(Bloomberg) — Bitcoin plunged along with other cryptocurrencies on Saturday, in another indication of the risk aversion sweeping across financial markets. Most Read from Bloomberg The largest digital token fell as low as $42,296 before paring some of the tumble. It was trading at about $47,600 as of 1:50 p.m. in Singapore on Saturday, a drop of about 11%. Ether, the second-largest token, fell as much as 17.4% before trimming the retreat to about 10%. The overall crypto sector has shed around a… Source link

Stock valuations are still looking too lofty even as the major indices continue to retrench on the one-two punch of Omicron variant fears and a hawkish shift in Federal Reserve policy. “I worry about markets because stock market valuations look relatively high,” said Torsten Slok, Apollo Global Management chief economist, on Yahoo Finance Live. (Apollo is the parent company of Yahoo Finance.)  Slok said the potential for interest rate hikes from the Fed in 2022 could be a headwind to markets,… Source link

The stock market has been hit with a double whammy of unsavory news, explains Charles Schwab Chief Investment Officer Liz Ann Sonders. “I think at this stage in the economic cycle and the market cycle, the move from very loose policy to tighter policy has been a factor in the volatility [we are seeing]. You add that to an environment where we started to see a tremendous amount of speculative froth and then add to that Omicron [concerns], you get the double whammy catalysts that sometimes can… Source link