Tag Archives: Plunge

Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 14% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link

Morgan Stanley expects the S&P 500 to plunge another 15%-25% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 17% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link

Tesla stock is inflated and could lose more than half of its value, according to Citi analyst Itay Michaeli. In a note to clients, Michaeli reiterated a sell rating on Tesla’s stock on with a $424 price target. Tesla stock traded around at $923 per share on Wednesday. The basis for Michaeli’s bold call involves skepticism related to Tesla’s autonomous driving technology and the view that Tesla’s stock — which is trading on a lofty forward P/E ratio of 76 times — is not factoring in a… Source link

Snapchat parent Snap (SNAP) reported its Q2 earnings after the closing bell on Thursday, missing Wall Street’s expectations and sending shares plunging 23% in after hours trading. Here’s how the company performed in the quarter compared to what analysts were looking for, as compiled by Bloomberg. Revenue: $1.11 billion versus $1.14 billion expected Adjusted EPS: -$0.02 versus -$0.05 expected Daily active users: 347 million versus 343.2 million expected Average revenue per Snap user fell 4.5%… Source link

If there is anything to hang your hat on during the current bear market in stocks, it’s that longer term markets tend to rebound very nicely. The S&P 500 has been higher three years later in eight out of nine cases in which the index has fallen 20% or more from an all-time high going back to 1957, according to research from Truist co-chief investment officer Keith Lerner. Stocks have returned on average 29% during those eight cases. Interestingly, stocks have also sharply regained ground a… Source link

‘A cold dark place’ — Michael Burry thinks the market has plenty of room to plunge. But he finally sees value in these 4 stocks Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry… Source link

Michael Burry — the hedge fund manager depicted by Christian Bale in The Big Short — has been aggressively investing during this market downturn. Burry’s latest 13F filing for the first quarter of 2022 shows a broad range of new investments and some interesting strategic moves with options. That’s a significant shift from the previous quarter when Burry was selling most of his stock portfolio and calling for the “mother of all crashes.” He’s not exactly bullish on the overall… Source link

Jeremy Grantham warns the S&P 500 will ‘likely’ plunge another 40% minimum — here are 3 shockproof stocks in his portfolio to help limit the pain With stocks pulling back substantially from earlier highs, some say that the market could reach a bottom soon. But according to legendary investor Jeremy Grantham, that’s not going to be the case. In a recent interview with CNBC, Grantham predicts that the market tumble is far from being done. “The other day, we were down 19.9% on the S&P… Source link

(Bloomberg) — Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades. Most Read from Bloomberg With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there’s more pain to come. The gauge is likely to keep falling this year before bottoming at around 3,500,… Source link

‘Crashes are the best times to get rich’ — here’s why Robert Kiyosaki thinks bitcoin’s plunge is great news and how you can take advantage of it Bitcoin is on a wild ride. The world’s largest cryptocurrency soared to $68,990 last November. Now, it’s at around $29,000 — a staggering 58% pullback from the peak. If the downtrend continues, Rich Dad Poor Dad author Robert Kiyosaki says he’s ready to start buying. “BITCOIN CRASHING. Great news,” he tweeted last week. “I am… Source link