Morgan Stanley, BofA stock picks for how to play a U.S. recession

A growing number on Wall Street are talking up the risk of a recession, with Goldman Sachs, Deutsche Bank and more all pointing to a higher probability of a downturn. “Economic data points indicate a higher probability of recession,” Morgan Stanley analysts said in a June 29 note. “Since the beginning of the year, we … Read more

Wall Street believes these Nasdaq names will lead a comeback after its worst quarter since 2008

It was a vicious first half and quarter for stocks, but especially for members of the tech-heavy Nasdaq Composite. Rising inflationary concerns spooked investors, who increasingly turned on one-time tech darlings that are more sensitive to rising interest rates. The Nasdaq Composite dropped 29% in the first half, the most of the three major averages. … Read more

Morgan Stanley loves these 9 global stocks trading at 'significant' lows

Analysts at Morgan Stanley have identified several global stocks they say are trading at prices significantly lower than their 12-month highs.

How to tell if the bear market is bottoming, according to the pros

After the worst first-half for US stocks in decades, a major rebound last week prompted some optimism that the worst of the sell-off may be behind us – but not everyone’s convinced. It’s perhaps unsurprising that market watchers are reluctant to call the bottom on the brutal selloff, but there’s one indicator that many strategists … Read more

Nike, Boston Beer, Disney and more

Check out the companies making headlines in midday trading. Nike – Shares of Nike fell 7% even after the company topped Wall Street’s earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher revenue for its fiscal first-quarter versus the prior year, and low double-digit revenue for the full … 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

Wall Street layoffs are coming as deals boom turns to bust, insiders say

People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to a confluence of factors that have cast a pall over markets and caused most deal … 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