Treasury yields tick higher amid market volatility as yield curve remains inverted

US Treasury yields were higher early on Wednesday after a volatile day on Wall Street, but the closely watched 2-year / 10-year yield curve remained inverted, a key recession warning. At around 2:45 am ET, the yield on the benchmark 10-year Treasury note climbed one base point to 2,824%, while the yield on the 30-year … Read more

Rocket Companies amid a ‘tough mortgage backdrop,’ Wells Fargo says

Shares of Rocket Companies have plummeted more than 42% this year, but the stock is due for a comeback despite a “tough mortgage backdrop,” according to Wells Fargo. Analyst Donald Fandetti upgraded shares of the company to overweight from equal weight, saying in a note to clients Wednesday that the company will continue to take … Read more

Three plays for the third quarter

The health care sector is often a sleepy performer but in this market turmoil it may prove to be one of the areas of not only safety in the third quarter – but growth. The third quarter could be a turbulent time, after the worst first half for stocks since 1970. As investors fear rampant … Read more

5 things to know before the stock market opens Thursday, June 30

Here are the most important news items that investors need to start their trading day: 1. S&P on track to finish its worst first half in 52 years Traders on the floor of the NYSE, June 29, 2022. Source: NYSE Stock futures fell Thursday morning, as investors continued to weigh the ongoing impact of inflation, … Read more

Wells Fargo CEO says economy still not ready for big rate hikes ahead

Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflation, and that the economy is not as prepared as it should be. “I would not bet on a number, but I would … Read more

5 things to know before the stock market opens Tuesday, June 28

Here are the most important news items that investors need to start their trading day: 1. Stocks attempt to rebound Traders work on the floor of the New York Stock Exchange. SNEEZE Futures rose Tuesday morning after stocks’ attempt to keep a rally going fizzled Monday. Investors are still weighing the risks of supercharged inflation … 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

Oversold global stocks that analysts think are ripe for a rebound

Market watchers have been reluctant to call the bottom on the sell-off in global stocks this year, but some assets are now looking oversold – and could be ripe for a bounce. The stock market has tumbled into a bear market in the first half of this year amid fears that an overly aggressive rate … Read more

Carnival, FedEx, Zendesk and more

The Carnival Paradise cruise ship arrives in port June 30, 2017 in Havana, Cuba. Alexander Creutzmann | Mambo photo | Getty Images Here are the stocks making headlines in midday trading: Carnival Cruise Lines – Shares of Carnival Cruise Lines jumped 11% after the travel company said it had its best booking volumes since the … Read more

Boeing, Dollar General, FedEx, Apple, Amazon, Uber & more

Here are Thursday’s biggest calls on Wall Street: Citi upgrades Boeing to buy from neutral Citi said it sees several positive catalysts ahead for Boeing. “We believe 787 deliveries will resume shortly. Similarly, last year, the Chinese authorities agreed what modifications and training are required to return the 737MAX to commercial service.” Read more about … Read more