Stock Market

Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021. Kevin Lamarque | Reuters Wall Street and the Federal Reserve appeared to enter a new

Remember TINA? She’s the one everyone was talking about for the past few years, when it came to buying stocks. ‘There is no alternative,’ they said – pointing out that the near-zero interest rate policy has pushed bond yields down to nothing, and that the housing crisis of 2008 had left investors wary of the

In this article SGEN UTZ 9618-HK The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Seagen — Shares of the biotech company surged more than 16.1% following a Wall Street Journal report that pharmaceutical company Merck is considering buying Seagen.

Sharing is Caring! by confoundedinterest17 I couldn’t sleep at all last night … after The Fed cranked up their target rate 75 basis points. The odds of a recession grew to 71.7% as The Fed hikes rates. Over the next 24 months, the probability of a US recession is 98.5%. The NASDAQ index tanked -4% today on

Coupang, Inc. (NYSE: CPNG), a South Korean e-commerce company, offers a variety of goods, including food, clothes, furniture, electronics, footwear, and nutrition products. Founded in 2010 and known as the “Amazon of South Korea,” the company also provides a video streaming service, delivery of prepared foods, and same-day delivery of general merchandise and grocery. The

GameStop (GME) stock has fallen 2.6% this week but still outperformed the S&P 500 (SPX), which shed around 5.9% so far this week due to recession and inflation fears. Moreover, GameStop is relishing a modest revenue growth as it decides to transition away from its traditional brick-and-mortar business. In addition, the company’s plan to grab

Oil companies Occidental Petroleum (OXY) and BP (BP) are both suffering today. BP stock is down about 4%, while OXY is down over 5%. One common thread seems to link these two to their mutual losses, and it’s a point that may be entirely overblown. I’m bullish on both right now. Explosively high gas prices

In this article KLAC WBD CMC TSLA TWTR JBL Check out the companies making headlines before the bell: Jabil (JBL) – The contract electronics manufacturer saw its stock rise 1.2% in premarket trading after beating top and bottom-line estimates for its latest quarter. Jabil earned an adjusted $1.72 per share, 10 cents above estimates, and

Air travel demand spiked after the reopening of the economy. However, higher airfares resulting from strong demand, elevated fuel prices, and increased labor costs due to staffing challenges, are now impacting customers’ travel plans. According to Adobe Insights, U.S. domestic flight online bookings declined 2.3% in May on a monthly basis due to increased airfares,

Sharing is Caring! by Charles Hugh-Smith There would be some deliciously karmic justice in the “dumb money” driving a rally that forced the “smart money” to cover their shorts and chase the rally that shouldn’t even be happening. Being cursed with contrarianism, as soon as a trade gets crowded and the consensus is one way,

With the macroeconomic turmoil rattling investors, many have been trying to find comfort in securities offering reduced risk, lower volatility, and more predictable total return prospects ahead. Among a couple of other sectors, consumer staples come very close to this criteria. With most companies in the sector selling everyday necessities, they enjoy much more predictable

In this article SG HOOD MRNA The Moderna Covid-19 vaccine awaits administration at a vaccination clinic in Los Angeles, California on December 15, 2021. Frederic J. Brown | AFP | Getty Images Here are the company’s making headlines in midday trading: Moderna — The biotech stock jumped 5.7% after a Food and Drug Administration committee

Just a little over a week ago, Tesla (TSLA) CEO Elon Musk issued a stark warning to the company’s investors — and to investors in general. Musk said he had a “super bad feeling” about the state of the global economy, and where it’s heading. His feeling was bad enough, in fact, that according to

In this article BIDU MSTR MRNA STLA-IT ZEN HOOD Check out the companies making headlines before the bell: Baidu (BIDU) – Baidu shares jumped 4.1% in premarket trading after Reuters reported the China-based internet search giant is in talks to sell its controlling stake in the video streaming company iQIYI (IQ). iQIYI fell 3.4%. MicroStrategy

Sharing is Caring! by SilverBoatSurfer California is f*kt. And honestly it’s not gonna be good for anyone. Ag there is a huge chunk of fresh fruits and vegetables in the us. Them and Florida primarily are why we have fresh stuff year round (and South America to be fair). Already many farmers pulled up acres

Tesla (TSLA) is the world’s biggest automaker by market cap, but where does it stand today? Tesla’s shares shed around 9% on Friday after Musk shared his concerns regarding the economic meltdown with employees. TSLA stock took another hit on Monday and dropped by 4.8%. These shocks, though, will have little impact on Tesla’s long-term

Sharing is Caring! by Michael It is often said that those that refuse to learn from history are doomed to repeat it.  More than a decade ago, the Federal Reserve created the most epic housing bubble in American history and everyone was happy until 2008 came along.  The economy slowed down, home prices crashed and

As we approach mid-year, it’s time to take stock of the oil markets. Prices are up, near $119 per barrel of crude oil right now, and indications are that they’ll keep going up. Industry experts are predicting a rise to $150 per barrel, but in quiet tones and small print they’re indicating chances for $175

Check out the companies making headlines in midday trading. Continental Resources — Shares soared 14% after the shale company announced an all-cash buyout proposal from the family trust of billionaire founder Harold Hamm. Continental Resources said it’s yet to review the offer that would take the company private in a $25.4 billion deal. FedEx —

It would not be an overstatement to say crypto investors are enduring more pain compared to their equity market brethren in the current broader market turmoil. On one hand, the S&P 500 index (SPX) has dropped 21.8% so far in 2022, while the crypto market capitalization has declined from near $3 trillion levels to under

Take a look at some of the biggest movers in the premarket: Continental Resources (CLR) – The oil and natural gas producer’s stock rallied 7.4% in the premarket after receiving a $70 per share “take private” bid from Chairman Harold Hamm and his family. The company’s board will establish an independent committee to evaluate the

Sharing is Caring! by Jim Quinn It doesn’t get funnier than this. As our stock market implodes, gas soars past $5.00 a gallon, inflation rages at a true rate north of 17%, someone told Dementia Joe we can’t grow crops without Russian fertilizer. Biden’s sanctions have destroyed America, not Russia. Their oil revenues are at

Austin-based Oracle (ORCL) provides software with a primary focus on the cloud. I am bullish on the stock. Worries about persistently high inflation, a hawkish Federal Reserve, and supply-chain issues have made it difficult to hold technology stocks in 2022. When the prevailing sentiment is overwhelmingly negative, it’s awfully hard to stay positive. However, something

In this article REV ASTR COIN Amazon is “definitely a stock to own,” according to Sid Choraria, a senior portfolio manager who previously attracted the attention of Warren Buffett. Klaus-Dietmar Gabbert | Picture Alliance | Getty Images Check out the companies making headlines in midday trading Monday. Coinbase, Microstrategy — Shares of cryptocurrency-related companies sold off

Sharing is Caring! by Michael Times sure have changed.  When we talk about immigration, we tend to envision vast hordes of impoverished immigrants that are desperate to find a way to cross our southern border.  But did you know that large numbers of Americans are actually going the opposite direction?  Because the cost of living

Stocks are down, that’s a given in almost any corner of the market, with – broadly speaking – only the energy sector and some outliers providing investors with any cheer in 2022. When will the tide turn? That’s anyone’s guess, but until it does, investors will need to hang tight and hope the cloudy macro

U.S. stock futures rose on Monday night after the S&P 500 dropped back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week. Dow Jones Industrial Average futures rose by 67 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.3% and about 0.5%, respectively. Those moves came after intense

Contamination, acute supply shortages, and the recent baby formula controversy at Abbott Laboratories (ABT) have possibly opened a door of opportunities for competitors like Reckitt Benckiser (GB:RKT), Nestlé SA (NSRGY) and many other small players. Baby Formula Market: A duopoly The baby formula market has essentially been a duopoly for decades, with Abbott Laboratories’ Similac

Check out the companies making headlines before the bell: Coinbase (COIN) — Shares of the cryptocurrency exchange sank more than 14% amid the sharp pullback in the prices of bitcoin and other digital assets over the weekend. DocuSign (DOCU) — The software stock extended its losses from Friday in premarket trading, falling more than 5%.

Investors have really soured on shares of athletic apparel firm Lululemon (LULU) despite reporting better-than-expected results for its first quarter of the fiscal year 2023. With a remarkable 32% in revenue growth and a slight per-share earnings beat, it seems Lululemon didn’t get the memo that we’re on the cusp of a recession. Though demand