Tag Archives: Stock

U.S. stock futures gained Friday morning, with investors continuing to contemplate the next policy moves by the Federal Reserve. Contracts on the S&P 500 pointed to a higher open to build on Thursday’s gains and further shake off volatility from earlier this week. Still, as of Thursday’s close, the S&P 500 was on track to post a weekly loss that would end a three-week winning streak, if levels hold through Friday’s close. Fresh commentary from Fed officials remained in focus, as another set of… 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 Friday, April 8, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Before tensions escalated between Ukraine and Russia in February, a bullish stock market story had been unfolding: Wall Street analysts were revising up their forecasts for 2022 and 2023 corporate earnings. Since then, geopolitical risks… Source link

While U.S. lawmakers have offered at least a dozen overlapping bills to regulate their own stock trades, it wasn’t until Thursday that a senator detailed plans for a final push to pass the legislation this year. “We need to be able to come back two weeks from now and have a consolidated vision in the Senate,” Sen. Jeff Merkley (D-OR) said of work to be done during the upcoming Easter recess. “Otherwise we are going to miss this opportunity.” With election season right around the corner, he… Source link

(Bloomberg) — Don’t be fooled by the stock market’s rapid-fire reaction to the news. It’s just the beginning of the first real slog in years, one that will hand a comeuppance to passive investors who once thought the only way for prices to go was up. Most Read from Bloomberg That’s the view of James Abate, whose Centre American Select Equity Fund (DHAMX) has beaten 97% of its peers during the past three years according to data compiled by Bloomberg. He says shares are getting less… Source link

Rite Aid’s (RAD) outlook is a hot mess — so hot the company may not be in business much longer. At least that’s the word from Deutsche Bank analyst George Hill, who issued a damning downgrade of the struggling retailer on Thursday. Hill slashed his rating on Rite Aid to Sell and slapped the stock with a $1 price target. Most worrisome — at least if one still owns Rite Aid’s stock — is that Hill suggests Rite Aid may go under. “We see a likely risk that the company provides guidance next… Source link

U.S. stock futures were flat ahead of overnight trading Wednesday following a hawkish readout of minutes from the Federal Reserve’s last policy-setting meeting that hinted officials were poised to intervene more aggressively to curb inflation, sending the major indexes tumbling in the earlier session. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite hugged the flatline in extended trading after a two-day losing streak for the benchmarks. The tech-heavy Nasdaq,… Source link

While some experts are beginning to sound the alarm over the threat of stagflation for the remainder of 2022, a combination of surging inflation and slowing growth poses an ever-growing risk to markets. 22V Research founder Dennis DeBusschere believes that investors should indeed expect stock market returns to be muted in the medium term. “So we’ll start with the upside. It seems pretty clear to us that the Fed needs to ratchet down demand growth,” DeBusschere told Yahoo Finance Live…. Source link

Activist short-seller Spruce Point Capital Management is taking aim at medical device company Stryker (SYK). Spruce Point unveiled its latest attack on Wednesday, saying Stryker has overpaid for recent acquisitions, has used questionable accounting practices and has executive compensation that isn’t aligned with shareholder interests. The activist has called on Harvard Business School dean and Stryker audit committee member Srikant Datar to evaluate its findings with “independent forensic… Source link

U.S. stock futures traded slightly higher Tuesday evening as investors digested hawkish remarks from key monetary policymakers. These suggested that more members of the Federal Reserve were open to moving aggressively to raise interest rates and bring down demand and persistently elevated levels of inflation. Contracts on the S&P 500 edged up. The blue-chip index ended Tuesday’s session lower by 1.3%. The Nasdaq Composite dropped 2.3% its biggest decline in a month as technology stocks gave… Source link

U.S. equity futures were little changed heading into overnight trading Monday following a rally in the tech sector that lifted stocks higher to start the week. Contracts on the S&P 500, Dow Jones Industrial and Nasdaq Composite were near breakeven in extended trading after all three benchmarks closed in the green Monday. The Nasdaq — which gained 1.9% in the main session — was buoyed by a 27% surge in Twitter (TWTR) that came after Tesla (TSLA) CEO Elon Musk revealed he purchased a 9.2%… Source link