It’s time for investors to snap up defensive dividend stocks as a recession could hit later this year, according to Wolfe Research. Wolfe analysts said in a note Monday that believe a recession could turn up as early as the fourth quarter, though they maintained that their base case is for a downturn in 2023. … Read more
The Docusign Inc. website on a laptop computer arranged in Dobbs Ferry, New York, US, on Thursday, April 1, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Campbell Soup – The food company saw shares gain 2.3% after reporting a better-than-expected quarterly report. Campbell posted an … Read more
Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer’s shares rallied 3.7% in the premarket after Campbell reported an adjusted quarterly profit of 70 cents per share, 9 cents above estimates. Sales also beat forecasts, and the company raised its full-year sales outlook. Campbell also maintained its prior … Read more
Stock futures fell marginally in overnight trading Tuesday after two consecutive days of gains on Wall Street. Futures on the Dow Jones Industrial Average dipped 55 points. S&P 500 futures and Nasdaq 100 futures both declined just 0.2%. Investors shrugged off some signs of an economic slowdown ahead of a key inflation reading. The S&P … Read more
CNBC’s Jim Cramer said Friday that any signs of consumer negativity next week will be a welcome sign for the Federal Reserve in its fight against inflation. “I know it’s a total drag to hope for negativity, but that’s what we need right now” to bring inflation down, he said. “I bet we’ll find that … Read more
The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indices were on track to finish out the four-day period with losses. That … Read more
The market rally that began in late March 2020 has ended with a thud, and investors on Wall Street and Main Street alike are shifting toward a more defensive approach. On Friday, the S&P 500 briefly traded more than 20% below its record high, before closing flat thanks to a late-day rally. For some market … Read more
With the S&P 500 close to crossing into a bear market as stocks continue their 2022 slide, investors looking for stable names in rocky times have a few opportunities. The broad market index on Thursday fought to stay green. It was down about 18% for the year and sitting 19% from last year’s high. Stocks … Read more
With the S&P 500 eyeing a bear market, certain stocks that fared well in previous market downturns could be poised to outperform again.
The world’s largest technology companies have shed over $ 1 trillion in value in just three trading sessions. Stocks at large have sold off since the Federal Reserve raised its benchmark interest rate on Wednesday, but technology has endured more pain than other sectors of the economy. Investors now have less interest in what drove … Read more