Tag Archives: Stock

The newest Yahoo Finance Company of the Year award winner Microsoft may not be done enriching shareholders, contends bull Dan Ives of Wedbush.  “I think they clearly can hit,” said the widely followed tech analyst on whether Microsoft will hit a $3 trillion market cap in early 2022. Ives rates Microsoft shares at Outperform with a $345 12-month price target.  Microsoft’s stock presently trades at $322 a share. At a market value of $2.42 trillion, Microsoft is only 23% shy of reaching the $3… 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, December 6, 2021 Most investors will enter this week confused after battling through another topsy-turvy trading week.  Bitcoin nosedived at its worst by 20% over the weekend (more on that below). Last week, the S&P 500 saw five straight losses of at least 1% at one point each day, according to Bloomberg data. Small-cap stocks as measured… Source link

Stock valuations are still looking too lofty even as the major indices continue to retrench on the one-two punch of Omicron variant fears and a hawkish shift in Federal Reserve policy. “I worry about markets because stock market valuations look relatively high,” said Torsten Slok, Apollo Global Management chief economist, on Yahoo Finance Live. (Apollo is the parent company of Yahoo Finance.)  Slok said the potential for interest rate hikes from the Fed in 2022 could be a headwind to markets,… Source link

DocuSign (DOCU) CEO Dan Springer is owning up to some execution mistakes in the third quarter that did their part to send shares down more than 40% on Friday as traders digested the company’s latest earnings report.  But, Springer told Yahoo Finance Live he will buy shares next week as the one-day plunge doesn’t make sense given DocuSign’s leadership position and growth potential.  “I am surprised, I’ll be straightforward with you. I do not see the reaction in the stock price to be… Source link

Stock futures opened higher Thursday evening to hold gains after a recovery rally, with an initial wave of concerns over the economic impacts of the Omicron variant at least temporarily easing. Contracts on the S&P 500 advanced. The blue-chip index closed higher by 1.4% during the regular session, marking its biggest jump since Oct. 14 Thursday. The Dow and Nasdaq each also advanced. Volatility from earlier this week retreated, and the CBOE Volatility index (^VIX) dipped 10% to below 28. And… Source link

Fresh weakness in Apple’s stock may offer a rare buying opportunity into the iPhone maker, says one money manager.  “We actually like Apple, and we are adding to our position,” said Victoria Fernandez, Crossmark Global Investments chief markets strategist, on Yahoo Finance Live, adding Apple’s fundamentals are “strong.” Traders are taking the other side of that call on Thursday. Apple’s stock fell more than 3% Thursday on a report from Bloomberg that the tech giant was indicating to component… Source link

The stock market has been hit with a double whammy of unsavory news, explains Charles Schwab Chief Investment Officer Liz Ann Sonders. “I think at this stage in the economic cycle and the market cycle, the move from very loose policy to tighter policy has been a factor in the volatility [we are seeing]. You add that to an environment where we started to see a tremendous amount of speculative froth and then add to that Omicron [concerns], you get the double whammy catalysts that sometimes can… Source link

Stock futures rose Wednesday evening to steady after dropping earlier, with investors assessing the latest headlines on the Omicron variant and mulling lingering concerns around inflation. Contracts on each of the S&P 500, Dow and Nasdaq traded higher as the overnight session kicked off. The three major indexes slid during the regular trading day, after the Centers for Disease Control and Protection announced that the first confirmed case of the Omicron variant had been identified in the U.S…. Source link

Bull markets, like the human investors that compose them, are mortal—and sometimes they die in a spectacular and bloody fashion. Trouble is, you never know for sure when a few days of big losses represent a mere dip (or to some, a buying opportunity) and what is the start of bigger decline. But there are at least four signs that appear when equities are approaching the abyss. Crashes hit with the scary impact of a Category 4 hurricane, ripping apart portfolios that people depend on to fund… Source link

Stock futures opened higher Tuesday evening to recover some losses after a selloff earlier, when more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with lingering uncertainty around the Omicron variant and its impacts on the economy.  Contracts on the S&P 500 rose after the index closed lower by nearly 2% Tuesday afternoon. The S&P 500 closed out November with a monthly drop of 0.8%, with volatility over the past week wiping out prior gains following the discovery of… Source link