Tag Archives: Stock

Alena Kravchenko Stalwart, blue-chip, US stock market juggernaut, and Google parent, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), made a new 52-week low this week. This is a company that has over 10% revenue growth, a seemingly insurmountable ecosystem and moat, and now trades at only 10 times forward EV to EBITDA. In this report, we review Google’s business model, revenue growth drivers, capital allocation, current valuation and big risks. We conclude with our strong opinion on investing. Google … Source link

U.S. stocks erased gains Friday as Wall Street’s biggest banks reported earnings and investors digested more inflation expectations. The S&P 500 (^GSPC) fell 1.7%, while the Dow Jones Industrial Average (^DJI) was down nearly 1%. The technology-heavy Nasdaq Composite (^IXIC) fell by 2%. Stocks turned sharply lower as a consumer survey from the University of Michigan showed inflation expectations increasing, marking the highest level in six months. “The uptick in inflation expectations probably… Source link

Beyond Meat is letting go of an executive who allegedly bit someone’s nose outside of a football game last month as part of a 19% reduction in the plant-based meat company’s global workforce that also includes the embattled company’s COO. Beyond Meat stock were down more than 7% in pre-market trading as of 7:12 AM ET. The company stated that the last day of Chief Operating Officer (COO) Doug Ramsey would be Friday. Ramsey had been on suspension since September 20 after the alleged incident,… Source link

U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected. S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%. The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%… Source link

Spotify stock (SPOT) erased gains on Wednesday after a new report from The Wall Street Journal revealed that TikTok parent company ByteDance has begun talks with music labels to expand its music-streaming service, dubbed Resso. According to the report, ByteDance wants to eventually integrate the service with social media juggernaut TikTok — a platform known for discovering new music and making songs go viral — as the company looks to expand the offering into more global markets…. Source link

U.S. stock futures were higher Wednesday but pared some earlier gains as investors weighed producer price data that came in slightly higher than expected. S&P 500 futures (^GSPC) rose 0.2% while futures on the Dow Jones Industrial Average (^DJI) ticked up 0.15%. The technology-heavy Nasdaq Composite (^IXIC) rose by 0.2%. Wall Street has been keeping a close eye on monetary action overseas, as Bank of England Governor Andrew Bailey announced the bank would end its emergency bond-buying program… 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 Wednesday, October 12, 2022 Today’s newsletter is by Ethan Wolff-Mann, senior writer at Yahoo Finance. Follow him on Twitter @ewolffmann. Read this and more market news on the go with Yahoo Finance App. One of the most interesting bits of analysis that gets passed around is a chart tucked into Bank of America’s Global Fund Manager Survey. It’s… Source link

The rout in various asset markets at the hands of the Federal Reserve may not be over, warned former Wall Streeter and current Galaxy Digital CEO Mike Novogratz. “The bear case is we’ve got two-to-six months left of this pain,” Novogratz said on Yahoo Finance Live (video above). “The bull case is the market starts breaking. We’re seeing a lot of breakage, not necessarily in crypto but in the rest of the world.” Novogratz, who began his career at Goldman Sachs in 1989, didn’t rule out seeing… Source link

With a brutal year for the stock market getting closer to a close, investors may be showing renewed interest in their investments as they look to take action into 2023. Google searches for “Dow Jones” have picked up over the last month (chart below), according to findings compiled by DataTrek Research. The Dow Jones Industrial Average is often seen as the most commonly used metric for stocks by the average U.S. household. The return of interest in the stock market. (DataTrek) DataTrek noted… 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 Tuesday, October 11, 2022 Wall Street firms have begun publishing their 2023 forecasts for the S&P 500. Targets published by seven top equity strategists range from 3,800 to 4,200, implying returns of 4% to 15% from current levels. We’ll only know how accurate these calls are in hindsight. We do, however, know that last year’s 2022 forecasts… Source link