Tag Archives: Stock

Roku (ROKU) shares dropped more than 11.7% on Wednesday amid an Underweight initiation by Atlantic Equities over concerns of slowing growth and weak penetration in markets abroad.   “We estimate that 80% of Roku’s active accounts are located in the U.S., implying 34% penetration in that market and just 6% in the other markets in which it operates,” analyst Hamilton Faber wrote in a note to investors. The streaming device company’s international markets include Canada, Mexico, Brazil, the… Source link

U.S. stock futures kicked off the overnight session near the flat line Tuesday evening, following a drop in technology shares during the regular trading day.  Contracts on the S&P 500 were little changed. Nasdaq futures also drifted after the index dropped more than 1% during the regular trading day. Apple (AAPL) shares steadied following a decline earlier, which pulled the stock back after reaching a $3 trillion market capitalization for the first time ever at the start of the week.  In the… Source link

Market veteran Jim Bianco tells Yahoo Finance the Federal Reserve could break the back of the red-hot rally in stocks as it attempts to cool inflation with interest rate hikes.  “I think that is the number one risk right now in 2022,” the president of Bianco Research said inside of DoubeLine’s California headquarters where he will be presenting his key themes at the bond giant’s annual Roundtable Prime event. [The risk] is that the high inflation rate is perceived to be persistent, which… Source link

The rally in Coca-Cola’s stock (KO) is just beginning, said one closely watched beverage analyst on Wall Street.  “We see the company exiting FY21 transition year stronger for four reasons: 1) strong emerging markets despite still low vaccination rate, 2) on-premise recovering faster than originally forecasted, 3) restructuring and portfolio rationalization led to a more focused and agile organization, and 4) gross margin benefiting from incidence model. In addition, the valuation is… Source link

U.S. stock futures were sideways Monday evening after a momentous first trading day of 2022. Contracts on the Dow Jones Industrial Average, S&P 500, and Nasdaq were mostly flat after all three indexes rallied in Monday’s session. The Dow jumped nearly 250 points to notch a record close, and the S&P 500 gained 0.6% to 4,796.56, topping its previous high. The Nasdaq drew strength from a great day for tech to end 1.2% up but fell short of its last record close in November. “When I think about… 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, January 3, 2022 Welcome back from your staycation. It’s time to make money. The markets enter the New Year in a great mood. Strategists are rocking 5,000-plus calls for year-end S&P 500 targets. What pandemic (said tongue-in-cheek)? Profit estimates by analysts remain on an uptrend, as if to laugh at the real threats of stubborn… Source link

After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors. Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.  As the data shows, however, it’s not always sunshine and rainbows after a big… Source link

Many folks will tell you the stock market looks expensive. And they’re not exactly wrong. The S&P 500’s forward price-to-earnings (P/E) ratio – the index divided by the estimated next-12 months’ earnings – is historically high at about 21.2, according to FactSet. This is significantly above its 5-year average of 18.5 and 10-year average of 16.6. With the S&P 500 (^GSPC) trading near its Dec. 30 all-time high of 4,808.93, the stock market will be under intense scrutiny by traders and… Source link

Futures ticked down Friday morning ahead of Wall Street’s last trading day of 2021, hinting at a quiet end to a strong year for the markets. Over the past two years, the final day of the year-end bull run known to investors as the Santa Claus Rally has typically been bearish, Probabilities Fund Management chief market strategist Jeffrey A. Hirsch points out in his Stock Trader’s Almanac.  U.S. equity markets will be open regular hours this New Year’s Eve for the first time in a decade,… Source link

U.S. stock futures ticked up ahead of open on Thursday after the S&P 500 and Dow each extended a rally to close at all-time highs amid a thinly-traded last week of 2021 on Wall Street. Contracts on the Dow, S&P, and Nasdaq were up modestly as the markets looked to build on earlier gains.  This week’s market swings were exaggerated by the low trading volumes. Economic and earnings calendars remain light for the final two trading days of the year, though investors will turn their attention on… Source link