Tag Archives: Stock

Stock futures opened slightly higher Wednesday evening, adding to gains after the major equity indexes closed out a strong second quarter and first half of the year. Contracts on the S&P 500 edged higher after the index logged yet another record closing high during the regular trading day. The blue-chip index has gained 14.4% for the year to date, and ended June with a more than 2% gain for a fifth straight monthly rise. A batch of strong economic data helped propel equities higher during… Source link

The stock market is entering the danger zone, according to one often overlooked measure of equities valuation.  At its current level of 38 times, the Shiller P/E Ratio is nearing the peak (44 times) seen at the height just before the dot-com bust in 2000, write strategists at SunDial Capital Research. Created by noted Yale professor Robert Shiller, the ratio is seen as better than the traditional P/E ratio as it adjusts for inflation. Historically, a Shiller PE ratio sustained over 25 times… Source link

Meme stock traders are once again showing their love for new bestie Bed Bath & Beyond.  Shares of Bed Bath & Beyond (BBBY) exploded more than 30% at one point in Wednesday’s session as traders digested the retailer’s first quarter earnings. To be sure, there were a lot of positives for the meme traders — which sent the stock surging 40% out of the blue in a session earlier this month — to hang their hats on from Bed Bath & Beyond’s latest results.  First, CEO Mark Tritton made mention of… Source link

Stock futures opened slightly higher Tuesday evening as traders looked ahead to more economic data out Wednesday morning. Contracts on the S&P 500 and Nasdaq were each slightly higher after the indexes set record levels yet again during the regular trading day. Dow futures also ticked up.  The major U.S. stock indexes have moved only modestly so far this week, hovering at or near record levels while traders await more catalysts to push equities higher. Many have pointed to the prospects of… Source link

Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate.  “You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live.  Kostin says the… Source link

A day after Tesla (TSLA) CEO Elon Musk turned the big 50, UBS is sending him a belated digital birthday gift.  UBS analysts led by Patrick Hummel slashed the firm’s price target on Tesla’s stock to $660 from $730. The group maintained its Neutral rating on Tesla shares. But, the analysts cut their EPS estimates for 2021 by 11% and by 10% for 2022. In an extensive dive into the EV industry’s outlook, UBS voiced several noteworthy concerns for the diehard Tesla bulls.  “While results from our… Source link

Goldman Sachs thinks it’s time to back up the dump truck on still fundamentally beat up industrial giant General Electric (GE).  The call: GE may not be so fundamentally beat up for much longer.  “We view GE as the ultimate self-help, re-opening levered story in Industrials,” said Goldman Sachs analyst Joe Ritchie in a new research note on Tuesday. The analyst slapped a $16 price target on GE’s stock, representing about a 22% upside from current levels.  Shares rose 1.3% to $13.06 in early… Source link

Stock futures opened flat to slightly lower Monday evening on the heels of another record-setting session, with both the S&P 500 and Nasdaq logging new all-time highs. Contracts on the S&P 500 and Nasdaq hugged the flat line in late trading. Facebook (FB) shares added to gains after jumping 4% during the regular trading day, which brought the social media giant’s market capitalization above the $1 trillion mark for the first time ever.  The Dow, heavy in cyclical and value shares,… Source link

As trading platforms like Robinhood create a rise in retail investor market participation and spark a renewed interest in shares of companies dubbed “meme stocks” like GameStop (GME), BlackBerry (BB), and AMC (AMC), the world of finance is seeing an intersection with the social media sphere. “What you’re seeing is a much larger trend here,” Alexis Ohanian, founder of venture capital firm Seven Seven Six and co-founder of Reddit, told Yahoo Finance Live. “It is the intersection of… Source link

Stocks traded mixed Monday, with the S&P 500 and Nasdaq ticking up to notch fresh record levels, with traders looking ahead to more key economic data later this week. The S&P 500 edged up to a record intraday high, adding to gains after the blue-chip index posted its best week since February. The Nasdaq also rose to a record intraday level, while the Dow was off slightly. Treasury yields traded lower across the long end of the curve, with the benchmark 10-year Treasury yield hovering below… Source link