Tag Archives: Stock

Stock futures opened slightly higher Wednesday evening as investors mulled the Federal Reserve’s latest signals on monetary policy, which suggested the central bank was warming to a near-term policy adjustment as the economy improved further. Contracts on the S&P 500 gained. Earlier, the blue-chip index rose for the first time in five sessions and shook off some of its steep losses from the start of this week. The index is still on track to post a weekly decline of nearly 1%, however, to… Source link

President Joe Biden very often cites research from Moody’s when he is trying to make a point on the U.S. economy.  He should use the latest from Moody’s Mark Zandi to emphasize any point being made to fellow politicians on both sides of the aisle on the need to get a debt ceiling deal done ASAP.  “Shutting the government down would not be an immediate hit to the economy, but a default would be a catastrophic blow to the nascent economic recovery from the COVID-19 pandemic,” said Zandi, the… Source link

If history is any guide, then investors shouldn’t sell all their stocks and move into cash and gold amid fear of another government shutdown.  “History shows that U.S. government shutdowns generally have not meaningfully impacted equity returns,” points out David Kostin, Goldman Sachs chief U.S. equity strategist, in new research. Kostin crunched the numbers, and they support his view.  The S&P 500 posted median returns of -0.1% on the dates of budget authority expiration, 0.1% during the… Source link

The real estate company said a payment due on Thursday, for an onshore renminbi-denominated bond, had ‘already been resolved through off-exchange negotiations’. Photo: Hector Retamal/AFP via Getty Images European stock markets were sharply higher on Wednesday as worries over the Evergrande crisis in China started to ease. The real estate company said a payment due on Thursday, for an onshore renminbi-denominated bond, had “already been resolved through off-exchange negotiations”. Traders… Source link

Miller Value Partners recently released its Q2 2021 Investor Letter, a copy of which you can download here. The Miller Opportunity Trust Class I gained 4.18%, underperforming its benchmark, the S&P 500 Index which returned 8.55% in the same quarter. You should check out Miller Value Partners’ top 5 stock picks for investors to buy right now, which could be the biggest winners of this year. In the Q2 2021 Investor Letter, the fund highlighted a few stocks and Alibaba Group Holding Limited… Source link

Stock futures opened lower Tuesday evening as investors anxiously awaited the arrival of the Federal Reserve’s latest monetary policy decision after a volatile start to the week.  Contracts on the S&P 500 ticked down ahead of the decision. FedEx (FDX) shares fell in late trading after the shipping giant posted weaker-than-expected quarterly earnings, with supply chain disruptions and labor scarcities weighing on results. Disney (DIS) shares extended earlier losses after CEO Bob Chapek,… Source link

Not even speculation of a partnership with fellow meme stock trader favorite AMC Entertainment has been enough to arrest the selling pressure in shares of one-time 2021 market darling GameStop (GME).  Shares of the gaming retailer turn self-described tech company have dropped 12% so far in September, far worse than the 2% respective drops in the S&P 500 and Nasdaq Composite. GameStop’s stock is also among the laggards of the popular meme stock group this month — AMC’s stock has gained 8.5%… Source link

Stock futures gained Tuesday morning after sliding a day earlier, as a bevy of concerns out of China and in Washington spurred a steep selloff across risk assets. Traders also turned their attention to the start of the Federal Reserve’s latest two-day monetary policy-setting meeting. Contracts on the S&P 500 advanced by about 0.8% after the blue-chip index logged its worst day since May by the end of Monday’s session. Dow futures added more than 300 points, or 0.9%, while Nasdaq futures… Source link

The financial crisis gripping major Chinese property developer Evergrande has triggered a sharp turn in broader stock market sentiment, as seen by the S&P 500 dropping below its key 50-day moving average.  With news of the Evergrande debacle gaining steam last Friday, the S&P 500 closed the session below the 50-day moving average for the first time since June. The tenuous situation of Evergrande — which includes potential missed debt repayments — gained steam over the weekend and caused… 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, September 20, 2021 But there are green pastures Against a noisy backdrop of mounting corporate earnings warnings and a steady drumbeat of market correction calls by Wall Street pros, I have been on a covert mission to find a few good things for investors to chew on midway through a volatile September.  I inhaled a whiff of hopium on the… Source link