Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to shift their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the … Read more

These are the cheapest stocks in the S&P 500 that could be buying opportunities

The last two months have been chaotic for Wall Street as big technology giants like Alphabet and Netflix stretch further into bear market territory and the S&P 500 verges on a bear market of its own. While short-term selling could be far from over, current market conditions may mark an opportune time for long-term investors … Read more

What may be behind Buffett’s surprising deep value bet on Citigroup

Count veteran banking analyst Mike Mayo among those on Wall Street surprised by Berkshire Hathaway’s recent $ 2.95 billion wager on Citigroup shares. The move, disclosed Monday in regulatory filings, is Berkshire’s biggest new bet on financials made in the first quarter. Berkshire also took a much smaller stake in online bank Ally Financial. Shares … Read more

Citigroup shares jump 5% after Warren Buffett reveals a near $3 billion stake in the struggling bank

Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financial sector in the past 12 months. The stock is down nearly 40% while the Financial Select Sector SPDR Fund is off by 12% over the … Read more

Warren Buffett’s Berkshire made a $3 billion bet on Citigroup. Here are his other picks

Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup, according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $ 2.95 billion as of the end of March, the filing showed. … Read more

These global stocks look cheap after falling over 20% — and analysts love them

These buy-rated stocks look to be trading at a sharp discount and could be primed for big returns going forward.

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and … Read more