Check out the companies making headlines in the dinner trade. Lyft — Shares of Lyft plunged 22.9% after the company’s earnings report showed mixed results last quarter. The ride-hailing company reported adjusted earnings per share of 10 cents, beating analysts’ expectations of 7 cents, but revenue fell short of the Street’s forecast, coming in at … Read more
In a year where both stocks and bonds have fallen, investors may be looking for anything to set them up for future success. So far this year, the S & P 500 is down nearly 20% and has entered bear market territory. Bond prices have also fallen. Sectors that previously lifted the index, such as … Read more
The stock market appears to be finding its footing amid earnings season, and strong reports from tech giants could add more fuel to the latest rally. The tech earnings season will hit its stride after the bell on Tuesday, with Alphabet and Microsoft reporting. Meta Platforms, Apple and Amazon will follow later this week. This … Read more
Months of heavy selling has crippled the growth-focused technology sector, prompting prominent investors to come to the conclusion that a slew of stocks are now ripe for investment. To be sure, many also agree a bottom hasn’t been priced in just yet, but stocks have toppled so far off their record highs that some battered … Read more
Here are Friday’s biggest calls on Wall Street: Goldman Sachs reiterates Bank of America and Wells Fargo as top picks Goldman said Bank of America and Wells Fargo are its preferred names heading into 2023. “We believe both are best positioned to to benefit from higher interest rates, with industry-leading deposit franchises (in terms of … Read more
The classic diversified portfolio of 60% stocks and 40% bonds is having a terrible year. The 60/40 strategy, known as a balanced portfolio, has been hit by rising bond yields – which means falling interest rates as well as a declining stock market. The portfolio’s annual decline of 32% for 2022, per 18 October, according … Read more
Here’s Wednesday’s biggest call on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said it remains bullish heading into earnings next week. “While we don’t believe F3Q earnings will allay investor concerns about a hardware slowdown, we expect Apple to beat expectations for Sept. Q and guide constructively for Dec. Q.” JPMorgan upgrades … Read more
We reviewed our seven bullpen stocks during the Investment Club’s ‘Monthly Meeting’ last Thursday. Here are our latest thoughts on each.
US stocks got off to a miserable start to the week as investors weighed the prospect of higher interest rates for longer and a recession warning from JPMorgan CEO Jamie Dimon. The market has turned decidedly bearish — as seen in a lack of activity among hedge funds that have long been only hedge funds, … Read more
A recap of Thursday’s top stock picks on CNBC.