1. Stock futures higher as Wall Street looks to break losing streaks Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images US stock futures were higher Thursday, the morning after the release of a key earnings report from semiconductor … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures slide, a day after tech-heavy index sank more than 2% Traders on the floor of the NYSE, May 23, 2022. Source: NYSE US stock futures fell Wednesday, one day after the Nasdaq dropped 2.4% as … Read more
The global economy is occupied with rising inflation and slowing growth. Here, CNBC Pro sifts through recent research notes to identify strategists’ top stocks in this tricky environment. The US Federal Reserve hiked rates in March for the first time in more than three years, and announced a further 50-basis-point hike earlier this month. It’s … Read more
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
Wharton School finance professor Jeremy Siegel said Tuesday that the market is within 5% of the bottom, as company earnings reports have replaced inflation as the primary driver of market weakness. “The first three-and-a-half, four months of this year, the [market] decline was because of the rise in interest rates. The recent weakness is what … Read more
While market losses were racking up, this group of stocks was breaking out to all-time highs and looks set for even more gains. The group is Big Pharma. It’s been long viewed as stodgy by investors looking for quicker price gains. Recently, however, as other stocks slid, these companies have become more attractive because of … Read more
mdphoto16 | E + | Getty Images It’s a scary time for new retirees. Stocks have plunged this year. Bonds, which traditionally serve as a ballast when stocks fall, have also been pummeled. Both trends are worrisome for seniors who rely on investments for their retirement income. High inflation also means retirees need to draw … Read more
Do not expect the market sell-off to let up yet, according to MKM Partners’ JC O’Hara. The S&P 500 has fallen more than 17% in 2022 and is riding a seven-week losing streak – its longest since 2001. The Dow Jones Industrial Average, meanwhile, posted its longest weekly losing streak since 1923 – falling for … Read more
Three analysts share their outlook for tech, with one saying it’s ready for a hard rally, and another naming some “very interesting” stocks in the sector. Chris Watling, chief executive of Longview Economics, said the stock market as a whole is “ready to rally.” “We just need a whiff of good news from somewhere to … Read more
With the recent carnage on Wall Street, CNBC Pro asks strategists and investors what’s next for stocks and where they see pockets of opportunity in the weeks ahead. US stocks briefly fell into bear market on Friday, as the broad-based S&P 500 fell as much as 20.9% from its all-time high in January at one … Read more