Treasury yields tick higher amid market volatility as yield curve remains inverted

US Treasury yields were higher early on Wednesday after a volatile day on Wall Street, but the closely watched 2-year / 10-year yield curve remained inverted, a key recession warning. At around 2:45 am ET, the yield on the benchmark 10-year Treasury note climbed one base point to 2,824%, while the yield on the 30-year … Read more

Wall Street global stock picks

It has been an unforgettable first half for investors – and not in a good way, as a brutal sell-off swept across global equity markets and brought major indices to new lows. The S&P 500 suffered its worst first half since 1970, while the Nasdaq Composite’s 28.9% decline for the first six months condemned the … Read more

Three plays for the third quarter

The health care sector is often a sleepy performer but in this market turmoil it may prove to be one of the areas of not only safety in the third quarter – but growth. The third quarter could be a turbulent time, after the worst first half for stocks since 1970. As investors fear rampant … Read more

Apple, FedEx, Coinbase, Honeywell, Micron

Here are Wall Street’s biggest calls on Friday: Berenberg downgrades FedEx to hold from buy Berenberg said FedEx is “too much” of a “show me” story. “However, with near-term earnings risks now mounting and mixed prospects for the execution of the strategic review, we think the shares may pause for breath until the macroeconomic outlook … Read more

Nike, Spirit Airlines and more

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) … Read more

Stock index futures inch higher following a losing day Monday

Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures edged up 0.2% and Nasdaq 100 futures rose 0.3%. The overnight action followed modest losses … Read more

JPMorgan keeps dividend unchanged as Bank of America, Morgan Stanley raise payouts

A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters Big banks that aced the Federal Reserve’s annual stress tests last week began to announce bumps to their dividend programs. Bank of America said Monday that it was raising its quarterly dividend by 5% to 22 … Read more

RBC top analyst sees comeback

Investors who are “apathetic” or negative toward banks will change their stance in the second half of the year, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts bullishness will make a comeback due to strong revenue growth and optimism surrounding credit. “You can really see people coming back to [bank] the stocks. … Read more

JPMorgan, Bank of America and Citi may need to cut buybacks after stress test

The biggest American banks may have to hit the brakes on capital return to shareholders because of regulators’ annual stress test, according to Morgan Stanley analysts led by Betsy Graseck. Analyst reaction to the Federal Reserve stress test results released late Thursday focused on an unexpected increase in the stress capital buffers of banks including … Read more

Forget big cap stocks. Bank of America’s top small-and-mid cap stocks

From multi-week losing streaks to bear market rallies, it’s been a roller coaster ride for markets this year as investors weigh the risks of a more aggressive monetary policy and a growing chorus of recession warnings. Major US indices saw big bounces in Tuesday trading, reversing last week’s declines, but remained deep in the red … Read more