While retail investors head for the exits as stock prices fluctuate sharply, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession – particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really … Read more
Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks, telling CNBC it’s unlikely to metastasize into a broader market crisis. The tech-heavy Nasdaq 100 … Read more
“Segments of the health-industry should also perform better than most,” says Andrew Graham, founder and managing partner of Jackson Square Capital, pointing to Eli Lilly, in particular. Tetra Images | Tetra Images | Getty Images Today’s investment landscape appears bleak, seemingly plagued by a host of factors, including mounting inflation, rising interest rates, an economic … Read more
Traders on the floor of the NYSE, May 13, 2022. Brendan McDermid | Reuters Anxiety and trauma sufferers are sometimes asked to define a hierarchy of fears that trigger distress so they might be managed. An anxious Wall Street faces a litany of fears right now that have shadowed the broad market on its way … Read more
LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation – at the risk of quashing growth as the global economy suffers concurrent hits from … Read more
Strategists are watching the action in Apple stock for clues on how and when the stock market will reach the low that could become a tradeable bottom.
Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days meeting investors in New York and Boston,” Khosrowshahi said in the email, which was sent out late … Read more
The New York Stock Exchange on May 3, 2022. Brunello Rosa, the CEO and head of research at Rosa & Roubini, believes there is much more monetary tightening to come from central banks, and more bad news on economic activity. Brendan Mcdermid | Reuters Stock markets are set for more heavy selling this summer as … Read more
Bitcoin fell sharply after a sell-off of major US stock indices. Bitcoin has been correlated closely to the price movement of the Nasdaq index. Luke MacGregor | Bloomberg | Getty Images Bitcoin cratered on Thursday as a major stock sell-off in the US spooked the cryptocurrency market. Bitcoin was down more than 8% at $ … Read more
The indexes are generally holding Tuesday’s pop, rotating away from danger and for now keeping in place the idea that a "higher low" could be in place.