Tag Archives: Stock

Contracts on all three major indexes were flat heading into the overnight session on Wednesday after a choppy day on Wall Street that saw stocks advance modestly to close in positive territory. Investors got a new red-hot print on inflation during earlier trading that showed another decades-high rate of price increases, one day after Federal Reserve Chair Jerome Powell indicated in his renomination testimony that the central bank would intervene as needed to ease rising prices. A fresh read on… Source link

Tesla (TSLA) is a “barometer” of market confidence, says TD Ameritrade chief market strategist JJ Kinahan. “This is a name that really is a confidence gauge in my opinion,” Kinahan told Yahoo Finance Live. “If it gets down near the $950-ish level, you’ll see clients coming in and buy it up until it gets to about $1,050. When it gets above $1,050, it seems to make clients a little be nervous, so the amount of buying there starts to dissipate a little bit.” Shares of the electric vehicle giant… Source link

Contracts on Wall Street’s main indexes were subdued Monday evening after a choppy earlier session that saw stocks climb back from record intraday lows. The Nasdaq eked out an afternoon rally to close in the green, while the S&P 500 and Dow extended their losing streak — even after modest comebacks. Worries over sooner-than-expected interest rate hikes have tempered investors’ optimism heading into the new year, placing equity markets in a risk-off mood so far in 2022. Meanwhile,… Source link

Stocks are in a risk-off mood six trading days into the New Year for a multitude of reasons, prompting one veteran strategist to issue a blunt warning to over-enthused investors.  “We have never seen equities priced quite this high. The adjusted price to earnings ratio is pushing up against 40 times. The last time we saw that was in 1999. But if you look at price to sales ratios, that’s over three times — that’s higher than what we saw in the dot com bubble,” said Tematica Research chief… 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 10, 2022 We have learned a few important things early on in 2022.  First, this may truly be the year of the NFT (non-fungible tokens) after rising out of nowhere in 2021. The market ferociously boosted the valuation of dying retailer GameStop late last week on speculation it would make a full-throated attempt at an NFT… Source link

Stock futures opened higher Thursday evening as investors looked ahead to a key report on the U.S. labor market recovery at the end of a volatile week. Contracts on the S&P 500, Dow and Nasdaq gained as the overnight session began.   On Friday, investors are set to receive the Labor Department’s December jobs report, providing an update on the extent to which labor supply shortages were still impacting the economy at the end of last year. Economists expect to see more than 400,000 non-farm… Source link

With shares of newly minted IPO Allbirds (BIRD) down a whopping 50% from their highs on Nov. 3, Morgan Stanley says it’s time to go shopping for the stock.  “Valuation appears compelling, at ~4 times consensus 2023 estimated EV/Sales compared to its ~10 times post-IPO high and peers with comparable revenue growth at 5 times plus. Tempered valuation makes for an attractive entry point, particularly as an opportunity for BIRD [exists] to accelerate revenue growth to 28% in 2022 estimated from… Source link

Adobe (ADBE) will be a major winner from the build out of the metaverse, says one widely followed Wall Street analyst. “Adobe is the best software play for the metaverse — its creative tools will enable the next generation of the internet,” said Jefferies tech analyst Brent Thill in a new research note Thursday.  Thill reiterated a Buy rating and $680 price target on Adobe. Shares of Adobe were relatively unchanged in pre-market trading Thursday. It closed down 7% at $514.43 on… Source link

Stock futures slipped Wednesday evening heading into overnight trading after equities did an about-face in the earlier session, plummeting from record highs as investors mulled the likelihood of tighter Federal Reserve policy and interest rate hikes as soon as March. Contracts on all three major indexes were down to extend a bearish day, spurred by the release of minutes from the Federal Open Market Committee’s (FOMC) meeting December 15 that flagged concerns from policymakers about worsening… Source link

Block (SQ) shares hit 52-week lows on Wednesday, closing down more than 8%. The stock slid as part of a recent sell-off in growth names and risky assets amid concerns of Fed rate hikes.  The digital payment firm, formally known as Square, is down about 26% since announcing its corporate entity name change to Block, on Dec. 1 of last year.  The switch was seen as a nod to the company’s increasing focus on blockchain, the technology which underpins cryptocurrencies such as Bitcoin ( Source link