Tag Archives: Stocks

An electric car is charged at a roadside EV charge point, London, October 19, 2021. REUTERS/Toby Melville Just when it looked like it was smooth sailing for stocks, fears of inflation and the new Omicron variant took hold. A handful of stocks continued to drive the major North American stock benchmarks; banks and energy in Canada and big tech in the United States. But Yahoo Finance Canada readers were less interested in the stalwarts and more interested in emerging technology. Here are the top… Source link

Not all airline stocks are created equal in the currently topsy-turvy market environment. Renewed volatility in the airline sector should be considered the short-term new normal as traders assess the risk from the new Omicron variant. But there are a few names in the troubled space to consider as longer term buys if one is able to stomach the near-term wild up-and-down swings. Long-time airline sector analyst Helane Becker of Cowen said in a note to clients on Tuesday she continues to have Buy… Source link

Investors should be closely watching for buying opportunities in reopening stocks in the travel and ride-sharing sectors that have been hit hard this past week amid Omicron variant fears, according to EvercoreISI tech analyst Mark Mahaney. “We have processes in place as societies, cultures manage this [the pandemic. If you have a sell-off on the ride-sharing stocks, the travel stocks that is probably a buying opportunity. I find it hard to believe we will have a repeat of the stocks we had… Source link

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link

Don’t back up the truck just yet on stocks even in the wake of Friday’s brutal Omicron variant fueled sell-off, warns one long-time strategist. “I just don’t think we hit the level on the S&P 500 where I am willing to say this is a screaming buying opportunity right now,” said iCapital Network chief investment strategist Anastasia Amoroso on Yahoo Finance Live. “We don’t see that from the oversold technical levels and also we have another potentially negative catalyst here which is the… Source link

Wall Street has known its share of legends, but few of them have made as big a splash as “the Man Who Broke the Bank of England.” That nickname belongs to George Soros who earned the tag after famously betting against the British Pound in 1992; following the Black Wednesday crash, the hedge fund manager pocketed a $1 billion in a single day. This is the stuff that Wall Street legends are made of. By then Soros was already incredibly successful and in the midst of steering his Quantum Fund to… Source link

Stocks jumped Monday morning to recover some losses after Friday’s slide, when uncertainty over a new coronavirus variant stoked volatility across global markets.  The Dow gained more than 300 points, or about 0.9%. On Friday, the index had seen its worst day since October 2020, dropping more than 900 points, or 2.5%.  U.S. airlines and other travel stocks were mostly higher to steady after steep losses from late last week, when initial concerns over the newly discovered Omicron variant of… Source link

(Bloomberg) — Stocks in Europe rebounded and U.S. equity futures rose along with Treasury yields as a semblance of calm returned to global markets while investors reconsidered their worst-case scenarios for the omicron coronavirus strain. Most Read from Bloomberg The Stoxx Europe 600 index jumped more than 1%, recovering some of their worst drop in more than a year, with travel and energy stocks leading the advance. S&P 500 and Nasdaq 100 contracts climbed, WTI oil rallied back above $71 a… Source link

Travel platform Expedia (EXPE) and home sharing site Airbnb (ABNB) are two of the stocks swept into the market sell-off on Friday over concerns of a COVID variant first detected in southern Africa. Expedia, the fifth-worst performer in the S&P 500, dropped as much as 11% during the shortened trading day on Friday. Shares closed 9% lower at $159.80 each. Airbnb’s stock closed the session down more than 3% at $173.86. Travel reservation platform Booking Holdings (BKNG) also declined more than 7%… Source link

Goldman Sachs: Use these 5 high growth stocks to shield yourself from rising interest rates Rising interest rates are typically a threat to the stock market, but not all stocks are created equal. According to investment banking giant Goldman Sachs, one type of stock should continue to perform well as rates rise: highly profitable growth stocks. “Growth stocks with high profit margins outperformed unprofitable growth stocks when real rates jumped in 1Q 2021,” writes the bank’s chief U.S…. Source link