Tag Archives: rising

Goldman Sachs: Use these 5 high growth stocks to shield yourself from rising interest rates Rising interest rates are typically a threat to the stock market, but not all stocks are created equal. According to investment banking giant Goldman Sachs, one type of stock should continue to perform well as rates rise: highly profitable growth stocks. “Growth stocks with high profit margins outperformed unprofitable growth stocks when real rates jumped in 1Q 2021,” writes the bank’s chief U.S…. Source link

Fontana, CA – October 22: The average price of a gallon of self-serve regular gasoline in Southern California rose today for the 11th consecutive day, spurring the largest week-to-week increase since March. (Irfan Khan / Los Angeles Times via Getty Images) Have you heard about the “commodities super cycle” we may be living in right now? It doesn’t sound as bad as a bomb cyclone, but it may end up slamming us just as hard. This super cycle, (or “Super Cycle” to some) has been the talk of Wall… Source link

In July, major crypto lender BlockFi officially launched its credit card that lets customers earn cryptocurrency rewards based on spending. Today, the company said the number of BlockFi cardholders has grown to over 50,000 in the last three months. Unlike cryptocurrency debit cards offered by companies like BitPay and Coinbase – which let customers spend their crypto – the BlockFi credit card incentivizes users to spend U.S. dollars in order to earn crypto. BlockFi first announced its… Source link

Alibaba Group Holding Ltd (NYSE: BABA) is trading higher Monday morning after China fined food delivery giant Meituan $534 million for antitrust violations, which increased investor optimism that China’s regulation on their large tech companies is easing. China technology stocks listed in Hong Kong rallied following the announcement as the $534 million fine was not as large as expected. Jefferies analysts said the antitrust fine has removed an “overhang” over Meituan. “We believe the SAMR… Source link

(Bloomberg) — Amazon.com’s price target was cut at Morgan Stanley, which wrote that the online retailer’s profits could come under pressure as a result of a rising headcount and higher wages. Most Read from Bloomberg The firm lowered its target from $4,300 to $4,100, putting it below the average analyst target of $4,157. The new view still points to upside of almost 20% from Amazon’s last close. Morgan Stanley, along with every other firm tracked by Bloomberg, recommends buying the… 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 Thursday, September 23, 2021 The famed ‘Fed put’ is alive and well. The Federal Reserve isn’t entirely asleep at the switch on soaring prices, and doesn’t appear to be committing a policy error — at least not yet. Those were the main takeaways from Wall Street’s reaction to the Fed’s policy decision, which sent a market addled by… Source link

Surges of confirmed coronavirus cases and hospitalizations in several U.S. states are causing health professionals to sound alarms about the continued spread of the highly contagious Delta variant, the transmission of which is being primarily driven by unvaccinated individuals. “Unfortunately, a lot of hospitals nationally are seeing more and more cases getting hospitalized,” Dr. Payal Patel, an infectious diseases physician at the University of Michigan, said on Yahoo Finance Live (video… Source link

Rising worker productivity is a good omen for the US economy that could help address the country’s recent bout of inflation, Brent Schutte, chief investment strategist at Northwestern Mutual Wealth Management, said. “That’s the little-known secret that no one talks about,” Schutte told Yahoo Finance Live. “In the U.S. economy, productivity is rising. That’s a really good thing because that increases the amount that we can pay our workers, makes the US economy grow faster, and… Source link

A string of corporate news also moved individual stocks in London. Photo: Dominic Lipinski/PA Images via Getty Images Stocks in Europe slumped into the red on Thursday as concerns around rising inflation resurfaced after signals from the US Federal Reserve. In London, the FTSE 100 (^FTSE) nosedived 1.9%, hovering just above the 7,000 point mark, while the CAC (^FCHI) was 2.2% down in France, and the DAX (^GDAXI) fell 1.6 % in Germany. “The FTSE 100 fell with miners and banks the principal… Source link

Republican leaders in Congress sought to distance themselves Tuesday from comments made by Rep. Marjorie Taylor Greene, R-Ga., that compared House Speaker Nancy Pelosi’s mask mandate in the House of Representatives to the killing of 6 million Jews in the Holocaust by Nazi Germany.  The controversy was just the latest in a series of incendiary comments from Greene that stretch back to before she was elected last year. “Marjorie is wrong, and her intentional decision to compare the horrors of… Source link