In Friday’s “Morning Meeting,” we dug into our inbox and found an excellent question raised by a member of the Investing Club. Starbucks – like Halliburton – has had a nice run lately. The Club trimmed some Halliburton on Thursday. Why not trim Starbucks too? I have a double-digit percentage gain on shares accumulated over … Read more
Citi’s Scott Chronert expects a mild recession in the first half of this year and revealed three strategy calls that could help investors trade the downturn. The investment bank’s US equity strategist predicts that the S & P 500 could reach 3,700 by the middle of the year, and 4,000 by year-end. The index is … Read more
Here are Tuesday’s biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees “category momentum” for shares of the beverage giant. “Our preferred names remain Coca-Cola and Pepsi where we see category momentum, ongoing investment and strong execution supporting elevated growth.” Morgan Stanley upgrades Conagra to … Read more
Inflation has been a dominant theme for markets and the economy in 2022 and, despite some signs that it may have peaked, investors can’t forget about rising prices just yet, according to iShares. The ETF arm of BlackRock said in its 2023 outlook that living with inflation would be one of the key topics for … Read more
If the rest of the world would simply do what is expected of it, we would have a decent stock market and more prosperity with less inflation. That just isn’t the case right now. We are in a seasonably strong period — that’s for certain. We seem to have decent retail sales on tap, at … Read more
Profit margins are getting squeezed as inflation remains at elevated levels, with a slew of companies — including Walt Disney, PepsiCo and Spotify — all warning of margin pressures, casting a pall over earnings growth in the quarters ahead. Patrick Armstrong, chief investment officer at Plurimi Wealth, believes this is the “biggest risk” for equities … Read more
Investors may be a bit more cautious in the week ahead, with stocks seeking direction in quiet trading and the bond market’s warnings about recession getting louder. Stocks eked out modest gains on Friday, but were negative for the week. The market could be sluggish in the coming Thanksgiving holiday week, one of the quietest … Read more
Stocks rose on Friday but ended the turbulent week down.
CNBC’s Jim Cramer on Monday offered investors a list of cyclical stocks that have “caught fire” recently, making them potential great additions to portfolios. “Sell the techs into any strength … because they’re right in the middle of the Federal Reserve’s blast zone. But as for the cyclical smokestack stocks? Many of them could be … Read more
CNBC’s Jim Cramer on Tuesday offered investors a list of 10 companies that he believes are rising to the top as tech stocks collapse. “It’s the revenge of the old guard right now, right here. All sorts of boring, conventional companies are taking back the market while the digitizers and disruptors are being burned,” he … Read more