Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley downgrades Adobe to equal weight from overweight Morgan Stanley said it sees slowing earnings per share growth for Adobe. “Beyond Seasonality – Expecting Structurally Slower EPS Growth Ahead; Downgrade to Equal-weight.” UBS downgrades Boston Beer, Keurig Dr. Pepper and Molson Coors to neutral from buy … Read more
Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Markets are tense, and May’s hot inflation report has only worsened the situation. Last month’s consumer price index rose 8.6% from a year ago, making it the highest increase since December 1981. The reading spurred further worries about a recession and bond yields jumped on … Read more
Ever-growing fears of an economic recession have left investors scrambling to figure out how to protect their portfolios. In the first quarter, US GDP contracted by more than 1% as the country dealt with the spread of the omicron Covid-19 variant. The economy is also seen as struggling in the second quarter, with the Atlanta … Read more
Citi has named a raft of stocks it thinks will do well if a recession comes to town.
With the Fed’s latest rate-hike cycle on the horizon, these stocks could perform well based on recent history, and Wall Street agrees.
Jefferies screened for non-financial companies that have a strong positive correlation with the US 10-year bond yield and real yield since 2010.