A group of companies scheduled to report quarterly results in the coming weeks tend to beat analyst estimates and see their stocks trade higher, a recent analysis showed. This earnings season, investors are watching how companies have fared given the highest inflation in roughly four decades, which may be starting to discourage consumer spending. In … Read more
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
Here are Wall Street’s biggest calls on Friday: Berenberg downgrades FedEx to hold from buy Berenberg said FedEx is “too much” of a “show me” story. “However, with near-term earnings risks now mounting and mixed prospects for the execution of the strategic review, we think the shares may pause for breath until the macroeconomic outlook … Read more
Market sentiment has gotten so bad on Wall Street that investors on Monday were selling everything. Literally. Every single stock in the S&P 500 was down on the day, with the best-performing name being Duke Realty, which teetered around the flatline. The worst-performing S&P 500 component was Signature Bank, which fell more than 14% as … Read more
The best way to invest in this market may be to go small, according to Morgan Stanley. The firm said in a note Thursday that it sees small-cap stocks outperforming their large-cap counterparts going forward. Strategist Michelle Weaver said small caps have seen their earnings multiples fall sharply when compared to large-cap stocks, adding that … Read more
Here are Thursday’s biggest calls on Wall Street: Piper Sandler downgrades Pinterest and Snap to neutral from overweight Piper downgraded Pinterest and Snap due to slowing digital ad growth. “After a strong two-year stretch, digital ad spend looks to be normalizing. Group multiples have declined and are ~ 40% off recent highs, but history suggests … Read more
JPMorgan has released its monthly list of analysts’ top picks, and there’s one addition. Auto auction platform ACV Auctions was added to the list as a growth pick. The firm did not outline any stocks that were removed from the list, which is compiled each month by analysts from its top stock picks. All of … Read more
Here are Friday’s biggest calls on Wall Street: Baird upgrades Comerica to outperform from neutral Baird said in its upgrade of the bank that it sees an attractive entry point. “Upgrading CMA to Outperform, bank sell-off starting to create opportunities. After banks and the related ‘rate trade’ benefitted from being the fashionable January / February … Read more
Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Check out the companies making headlines in midday trading Monday. Spirit, JetBlue – Shares of JetBlue Airways dipped 4.7% on news that the company’s offering $ 30 a share to … Read more
If the VIX keeps falling, some stocks could see their prices pop, according to a CNBC Pro analysis.