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
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
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
“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
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
Consumers stashed money away during the pandemic, but declining spending power is testing their confidence.
Travel was one of the hardest-hit industries during the pandemic, but some companies indicated a rebound is coming.
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
"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.
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