Plunging euro to cause earnings trouble for host of U.S. stocks

As if there was not enough to worry about, now US stocks with the most sales exposure to Europe face an additional headwind – the dollar is at a 20-year high against the euro. The slumping common currency, together with stagnant economic growth on the continent, means US companies doing the most business overseas are … Read more

Travel industry calls on White House to end Covid-19 testing requirement for overseas visitors

A man checks in at a Covid-19 testing site in the international arrivals area of ​​Los Angeles International Airport in Los Angeles, California on December 22, 2021. Frederic J. Brown | AFP | Getty Images Travel and hospitality CEOs are stepping up pressure on the Biden administration to scrap a requirement that anyone flying into … Read more

These tech stocks could be ‘ports in the storm’ during bear market, Deutsche Bank says

This year’s tech wreck has sent the Nasdaq Composite spiraling down into a bear market, with the benchmark down more than 25% from its November record. However, there are some internet companies that could do over the next year thanks to their share repurchases, according to Deutsche Bank. The firm looked at 28 companies in … Read more

Michael Burry of ‘The Big Short’ reveals a bet against Apple

“The Big Short” investor Michael Burry had a bet against tech giant Apple in the first quarter, a regulatory filing showed. Burry, one of the first investors to call and profit from the subprime mortgage crisis, owned 2,060 put contracts of Apple at the end of the first quarter, according to filings. Each options contract … Read more

Big travel company CEOs hope market turmoil won’t derail summer rebound

As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer. “We think this summer is going to be gangbusters for travel,” Marriott CEO Tony Capuano told last week. Marriott saw an 81% rise in … Read more

The great American consumer is navigating inflation and just may save the economy from a recession

Consumers stashed money away during the pandemic, but declining spending power is testing their confidence.

Here’s why this earnings season is signaling a summer travel boom

Travel was one of the hardest-hit industries during the pandemic, but some companies indicated a rebound is coming.

Shopify, Etsy, Twitter and more

Elon Musk twitter account is seen through Twitter logo in this illustration taken, April 25, 2022. Dado Ruvic | Reuters Check out the companies making headlines in midday trading Thursday: EPAM Systems – Shares jumped 10% after the computer software company posted better-than-expected results for the previous quarter. EPAM reported $ 2.49 earnings per share … Read more

Dan Niles says he’s betting big on travel and leisure stocks, still sees upside ahead

"Yesterday we bought more in the reopening category … because we feel like there is a lot more to come," Satori Fund’s Dan Niles told CNBC on Tuesday.

Top Wall Street analysts say buy Alphabet and Carvana

Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and inflation has been continuing to compound pressure across all industries. The near-term uncertainty remains blurred, although long-term investing can often cut through the daily noise. Let’s take a look at five stocks that analysts see … Read more