Tag Archives: Wall

(Bloomberg) — Animal spirits are famously running wild across Wall Street, but crunch the numbers and this bull market is even crazier than it seems. Global stocks are now worth around $100 trillion. American companies have raised a record $175 billion in public listings. Some $3 trillion of corporate bonds are trading with negative yields. All the while the virus spreads, the economic cycle stays on life-support and businesses get thrashed by fresh lockdowns. Spurred by endless monetary… Source link

(Bloomberg) — For all the headline-making drama surrounding Elon Musk and his brainchild Tesla Inc., investors were rewarded handsomely for their patience this year. Now that the company is maturing into blue-chip status with its addition to the S&P 500 Index this month, what happens next may boil down to some simple questions: What type of company is Tesla exactly? And how should the stock be valued? Wall Street’s answers, however, are wildly different — Goldman Sachs has a price target… Source link

TipRanks 3 “Strong Buy” Stocks That Could Reach New Highs The markets have been on a tear of late despite the headwinds presented by the novel coronavirus pandemic. The question is how long this will last?Writing from Goldman Sachs, the firm’s chief US equity strategist David Kostin says that the markets will outperform both other investments and analyst expectations over the next two years. He sees the S&P 500 hitting 4,600 by the end of 2022, which would represent a 25% gain.Backing… Source link

TipRanks Billionaire Ray Dalio Picks Up These 3 “Strong Buy” Stocks Sometimes, the experts will tell us what we already know. Ray Dalio, the founder of Bridgewater Associates, has built a legendary reputation in financial circles, for taking his firm from a home business in his two-bedroom apartment to the international hedge fund giant, employing over 1,500 people and managing more than $138 billion in total assets. But when questioned on how he did it, or how today’s investors can… Source link

Wall Street opened higher on Friday, with stocks aiming to re-test the week’s records in thin, post-Thanksgiving trading, as hopes for a COVID-19 vaccine momentarily counterbalance soaring infection rates. The New York Stock Exchange will end the trading day at 1p.m. Eastern. Stocks are consolidated their gains after the Dow Jones Industrial Average was catapulted above 30,000 for the first time ever on Tuesday, with an increasing number of investors encouraged by expectations that a… Source link

Wall Street consolidated its gains on Wednesday, with stocks opening flat to slightly lower a day after major benchmarks scaled to new highs. Ahead of the U.S. Thanksgiving holiday, optimism over the imminent deployment of a COVID-19 vaccine propelled the Dow Jones Industrial Average above 30,000 for the first time ever on Tuesday, extending a breathtaking rally that’s carried stocks deep into a bull market. However, caution set in early Wednesday, as investors digested weekly jobless claims… Source link

Stock futures were flat to slightly weaker on Sunday evening, as investors weighed new COVID-19 infections — which are leading to rising deaths and a record number of hospitalizations across the U.S. — against the rapidly unfolding timetable for the deployment of a vaccine. Investors have been broadly encouraged by the steady flow of positive news over a coronavirus cure. Pfizer (PFE) and BioNTech (BNTX) said on Friday they plan to file for an emergency use authorization with the U.S…. Source link

If you thought the NBA’s silly season would take a holiday in an unconventional offseason, that memo did not reach John Wall. Wall apparently wants out of Washington, requesting a trade in the wake of the rumors surrounding discussions of a swap involving himself and Houston Rockets guard Russell Westbrook — who also has asked out of his current situation. That makes three All-Star guards looking for a change of address if you include Westbrook’s teammate, 2017-18 MVP James Harden. Wall… Source link

The Wall Street Journal published a short article Thursday night on Hunter Biden’s business dealings that concluded: “Corporate records reviewed by The Wall Street Journal show no role for Joe Biden.” The same night, the Journal published an opinion piece that asserted the Democratic presidential nominee had been aware of and/or involved in his son’s business endeavors, about 24 hours after Breitbart News published a statement from a former Hunter Biden business partner, Tony Bobulinksi. That… Source link

Bitcoin has come a long way in the ten years since it was created but, for some, it still feels early. The bitcoin price, climbing to year-to-date highs this week and recapturing some of the late 2017 bullishness that pushed it to around $20,000 per bitcoin, has found fresh support from Wall Street and traditional investors this year. Now, Wall Street legend and billionaire Paul Tudor Jones, who made headlines when he revealed he was buying bitcoin to hedge against inflation earlier this… Source link