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, September 20, 2021 But there are green pastures Against a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to find a few good things for investors to chew on midway through a volatile September.  I inhaled a whiff of hopium on the… Source link

Chinese property developer Evergrande sent shockwaves through stock markets on Monday morning. Photo: STR/AFP via Getty European stocks fell at the open on Monday morning in London following news of an energy market crunch in Europe and sharp losses in Asia as investors fled from property stocks.  The FTSE 100 (^FTSE) was 1.6% lower by mid-morning in London. Germany’s DAX (^GDAXI) and France’s CAC (^FCHI) both fell around 2.3%.  Investors in the UK were watching for movement in the UK energy… Source link

Seventeen-year-old Dylan Jin-Ngo became fascinated with the stock market when he was in sixth grade. Now the Huntington Beach teen spends much of his free time teaching other kids about markets.  “Being able to invest without my age being a barrier was something so unique,” Dylan told Yahoo Finance about his motivation. “I learned on my own for the past 3 or 4 years, and I became the youngest certified mutual fund counselor in the nation in 2020.” Dylan spearheads a literacy program through… Source link

The once red-hot SPAC market continues to be touch and go, at best.  Third quarter to-date, an average of six SPAC [special purpose acquisition company] IPOs have raised $1.2 billion in total capital each week, according to fresh data out of Goldman Sachs on Thursday. That pace is down sharply from the boom period seen in the first quarter, when an average of 21 SPACs raising $6 billion in capital came to market each week.  Goldman points to increased regulatory concerns — in part fueled… Source link

Amidst the expanding number of Wall Street bears right now, there is Chris Harvey, Wells Fargo Securities head of equity strategy. The nearly 30-year markets veteran is staying bullish on his outlook for stocks despite the naysayers looking for market plunges into year-end. Harvey is calling for the S&P 500 to end the year at 4,825, or up 8% from current levels.  For Harvey, there continues to be several key drivers of higher stock prices still in play. “Our 4,825 call is what we call an… Source link

Google and ProMedica Health System are jumping into the rapidly growing virtual care market to get a piece of the $213 billion that’s spent annually on musculoskeletal care. The two companies are partnering with IncludeHealth to launch a musculoskeletal (MSK) operating system that any provider can use to offer integrated virtual physical care for MSK patients. The platform is hardware-free and device-agnostic, according to the companies. “The landscape of care delivery has… Source link

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo SEOUL, Sept 14 (Reuters) – South Korea’s antitrust regulator on Tuesday fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million), saying the U.S. technology giant abused its dominant market position to restrict competition in the mobile operating system market. The Korea Fair Trade Commission (KFTC) investigated Google for allegedly blocking local smartphone… Source link

The threat of higher taxes in 2022 and their impact on the bottom lines of companies — and potentially the stock market — has returned to center stage after a summertime slumber.  But by and large, investors don’t appear to either care or don’t realize the risks to companies associated with higher taxes.  “The market appears to be only partially pricing an increased tax rate in 2022,” said Goldman Sachs chief U.S. equities strategist David Kostin in a research note on Monday. “Prediction… 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, September 13, 2021 But that doesn’t mean you should sell The calls for a stock market correction are beginning to blow through the streets of Wall and Broad. We aren’t talking about the reiteration of a decade-long Nouriel “Dr. Doom” Roubini type call for a stock market crash due to the always easy excessive valuation and bloated government… Source link

Despite investment banks such as Morgan Stanley and Credit Suisse recently cutting their U.S. equity outlooks, one would be hard-pressed to not find bulls continuing to outnumber bears on Wall Street.  Chat up any strategist on the Street and most are apt to play down the impact of the Delta variant on the U.S. economy, while playing up the potential for companies to expand profit margins further. The bulls — and again they continue to rule the roost —are also quick to point out strong… Source link