Tag Archives: Stock

The biggest companies in the world are using their significant cash piles to pump up their stock prices into year-end.  About 53.8% of third quarter stock buyback activity was fueled by the top 20 companies, according to new data from S&P Dow Jones Indices senior index analyst Howard Silverblatt. The top 20 list (see below) was headlined by a who’s who of the rich and powerful in corporate America: Apple, Alphabet, Meta, Oracle and Microsoft. These five companies alone repurchased a startling… Source link

The clock has officially begun on a potential year-end Santa Claus Rally for the stock market.  A Santa Claus Rally is one where stocks climb higher in the final seven trading sessions of a year plus the first two trading days of the New Year. Its precise cause has never been greatly explained — theories range from year-end tax considerations to people spending their fat bonuses to buy stocks to general seasonal effects. Wednesday is the first day in this nine session trek for the markets…. Source link

Oppenheimer chief investment strategist John Stoltzfus is in rarified air on Wall Street entering the New Year.  The long-term market forecaster now sports the most bullish price target on the S&P 500 amongst his peers, eclipsing the always optimistic Brian Belski at BMO Capital Markets. Stoltzfus — who has spent 38 plus years on the Street — sees the S&P 500 climbing 14% to 5,330 by the end of 2022. Belski forecasts S&P 500 5,300. Through Wednesday, the S&P 500 is up 24%… Source link

Stock futures opened flat Tuesday evening after a recovery rally during the regular trading day, with the major equity indexes recouping some losses after three consecutive sessions of declines.  Contracts on the S&P 500 ticked up. Futures on the Nasdaq were little changed, after the tech-heavy index outperformed to jump 2.4% during Tuesday’s session.  With trading volume relatively light during the holiday-shortened week, investors have continued to assess a multitude of developments on the… Source link

Amazon’s often teflon stock (AMZN) is proving to be anything but as the peak holiday shopping season nears its conclusion.  With Monday’s 1.7% decline, shares of the tech giant dropped below its 200-day moving average (a key measure of market sentiment) on a closing basis for the first time since Nov. 1 on Monday. Amazon founder Jeff Bezos lost $3 billion in net worth in Monday’s sell-off. Amazon has closed down seven out of the past nine sessions, per Bloomberg data. Shares are up slightly… Source link

U.S. stock futures ticked up on Monday after a brutal day for markets in earlier trading, ignited by renewed investor fears that swelling Omicron case numbers could derail economic recovery and worsen inflationary pressures. Contracts on the Dow, S&P and Nasdaq turned green, creeping up declines in the daytime session. Futures for the Dow Industrial Average were up 102 points headed into overnight training, while the S&P and Nasdaq also changed course following drops of nearly 2% each for all… Source link

The fast-spreading Omicron variant isn’t shaking the confidence (yet) on Goldman Sachs’ call for double-digit percentage returns for the S&P 500 next year.  Goldman’s chief U.S. equity strategist David Kostin reiterated Monday an S&P 500 target by the end of 2022 of 5,100. The figure marks a potential 12% increase in stock prices as measured from the S&P 500’s current level.  “We expect that these gains will be driven primarily by earnings per share growth of 8% combined with a stable P/E… Source link

Even with Apple’s stock (APPL) cooling down a touch this week as the company flirted with a $3 trillion market cap for the first time, pros say several positives remain in the cards that are likely to push shares higher soon. “It is entirely possible that we are seeing the perfect storm for Apple bulls into year-end. The obvious consideration is that institutional investors are plowing into Apple in a FOMO [fear of missing out] driven frenzy. What institutional fund manager would want to… Source link

Stock futures opened slightly higher Thursday evening after a rout in technology stocks earlier during the regular trading day, as investors turned away from growth stocks in anticipation of tighter monetary policy next year. Contracts on the S&P 500 ticked up. Earlier, the index closed lower, with the tech-heavy information technology and consumer discretionary sectors leading the way lower. The Nasdaq underperformed to drop 2.5% to give back all gain after a rally on Wednesday. The Dow… Source link

Stock futures advanced on Wednesday after the market staged a U-turn in earlier trading, welcoming a Federal Reserve decision to ramp up the pace of its taper and leave interest rates unchanged — for now. All three major U.S. indexes opened higher ahead of the overnight trading session, driven mostly by tech stocks after clarity from the Fed about their timeline for rate hikes. Contracts on the Dow were up 10 points to 35,936.00, and S&P 500 futures edged higher by 3 points to 4,712.50…. Source link