With midterm elections underway, investors are waiting to see if and how the results could weigh on stocks — and which names will outperform. The market expects Republicans to at least gain control of the House, rising for a third straight day on Tuesday. RBC’s head of US equity strategy, Lori Calvasina, believes there could … Read more
Inflation weighs heavily on the holidays this year. About half of shoppers will buy fewer items because of higher prices, and more than a third said they will rely on coupons to cut costs, according to a recent survey of more than 1,000 adults by RetailMeNot. While the survey found that many consumers are also … Read more
Strange but true: The S&P 500 has been solidly higher 12 months after the midterm elections in every cycle since 1954, according to Yardeni Research, regardless of which party won or lost. The broad market index’s average one-year gain in 17 post-election windows has been around 15%. These facts are on our minds this Election … Read more
Westend61 | Westend61 | Getty Images The end of the year is one of the most important times for investors because there are so many decisions to be made that affect their overall financial planning. This time, the end of the year is marked by a lot of financial challenges, including inflation, market volatility, domestic … Read more
The market action Tuesday in Uber Technologies is another reason to be bullish on the stock, according to Riholtz Wealth Management CEO Josh Brown. While Uber shares fell more than 2% in midday trading, that’s only a fraction of the loss experienced by its ride-sharing competitor Lyft, Brown said on CNBC’s “Halftime Report.” Lyft’s stock … Read more
Take a look at some of the biggest movers in the foreclosure market: Take-Two Interactive (TTWO) – Take-Two fell 17.4% in the premarket after the video game publisher cut its booking outlook for the year. Take-Two has been affected by weaker mobile and in-game sales, although CEO Strauss Zelnick said the situation should improve in … Read more
Midterm polls: We should have some early evening signs from the exit polls.
If you manage to beat the odds against hitting the Powerball jackpot, don’t forget that you have a silent partner in victory: the taxman. The jackpot for Saturday night’s drawing is now the biggest lottery prize ever at an estimated $1.6 billion — before taxes — should you choose to take your windfall as an … Read more
Investors looking for a solid restaurant play can expect a “compelling” risk-reward from shares of Dave & Buster’s Entertainment, Deutsche Bank says. Analyst Brian Mullan upgraded shares of the restaurant and entertainment stock to a buy from a hold rating, saying in a note to clients that “the setup seems pretty decent” even in a … Read more
A slate of earnings reports in recent weeks shows that consumers are tightening their belts and prioritizing essential purchases as interest rates rise and inflation continues. But the club’s retail holdings — Costco ( COST ) and Procter & Gamble ( PG ) among them — appear well-positioned to handle these changing consumer behaviors in … Read more