Goldman Sachs offers three strategies to ride out a tough second half

Goldman Sachs sees more pain ahead for stocks in the second half of 2022 as corporate earnings weaken. For equity investors bruised on this year’s roller coaster, the Wall Street firm broke down three stable strategies to help smooth the ride. The S&P 500 just suffered its worst first half since 1970 as investors continue … Read more

After another big weekly loss, assessing whether stocks are cheap and a buying opportunity is near

Stocks are emphatically on sale, but are they cheap? Markdowns are not always the same as bargains. Much depends on the original price and quality of the goods. And even with last week’s price drops on Wall Street, it’s tough to say yet that the market is broadly cheap. But value seems to be emerging … Read more

The fight against stolen products on Amazon and Facebook Marketplace

Over the past year, large-scale robberies have swept through stores like Louis Vuitton in San Francisco’s Union Square and a nearby Nordstrom, which was robbed by 80 people. Law enforcement and retailers have warned the public that this isn’t traditional shoplifting. Rather, what they’re seeing is theft organized by criminal networks. And there’s a reason … Read more

Bank of America downgrades Best Buy, says sales could revert to pre-pandemic levels

The shift in consumer spending and slowing US economy are ominous signs for Best Buy, according to Bank of America. Analyst Elizabeth Suzuki downgraded Best Buy to neutral from buy, saying in a note to clients that electronics spending could be in for a big correction. “Although the company expects a modest YoY decline in … Read more

Continental Resources, Oracle, National Vision and more

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 … Read more

Buy stocks with ‘margin of safety’

The stock market could fall even further, and investors should look for stocks that have the support to hold steady, according to Goldman Sachs chief US equity strategist David Kostin. Stock futures pointed toward a brutal open Monday on the heels of Wall Street’s worst week since January. The pullback comes as investors have become … Read more

Apple, Tesla, Best Buy, FedEx

Here are Thursday’s biggest calls on Wall Street: UBS upgrades Tesla to buy from neutral UBS said in its upgrade of the automaker that its “operational outlook is stronger than ever before.” “We upgraded TSLA to Buy (from Neutral) with an unchanged $ 1,100 PT. TSLA is down ~ 35% ytd in line with other … Read more

6 exceptional retail winners that Jim Cramer says are a buy

CNBC’s Jim Cramer on Friday highlighted six retail winners with standout quarters that investors should be lining up to purchase. “No one ever made a dime from panicking. If you dumped any of these retail winners in response to Walmart and Target, you made a very big mistake. And you know what, as the market … Read more

Cramer’s week ahead; market needs obstacles resolved before a rally

CNBC’s Jim Cramer warned investors on Friday that a market rally has no chance of sustaining until the causes of the turmoil are resolved. “If we want the market to stage a meaningful comeback, we need China to reopen, Russia to withdraw from Ukraine, and the [Federal Reserve] to curb-stomp inflation with a 100-base point … Read more

Dick’s Sporting Goods, Nordstrom, Wendy’s and more

Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading Wednesday. Dick’s Sporting Goods – Shares of the sporting goods seller jumped 11%, despite the company cutting its outlook … Read more