The Federal Reserve is likely to hike rates by a quarter point

The Federal Reserve is likely to hike rates by a quarter point

Federal Reserve Board Chairman Jerome Powell holds a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, US, December 14, 2022. Evelyn Hockstein | Reuters The Federal Reserve is expected to raise interest rates by just a quarter point but … Read more

Investors dangerously ignoring bear market impact on earnings

Famed short seller Jim Chanos sees an alarming trend in the market. “I’ve been on the Street [since] 1980 [and] not one bear market has ever traded above nine times to 14 times the previous peak earnings,” the Chanos & Co. founder told CNBC’s “Fast Money” on Monday. related investing news His latest warning comes … Read more

The strong January in stocks could be a positive sign for the year

January’s stock market gains may be a good sign for the rest of the year, even though many strategists still expect continued turbulence and possibly a new low before the market recovers into the year-end. The S & P 500 was up 5.1% for January so far in Monday trading. “Since World War II, if … Read more

Morgan Stanley upgrades Colgate-Palmolive, calls sell-off a good entry point to buy its top pick

Colgate-Palmolive is a top stock compared with peers and it’s cheap to buy right now, Morgan Stanley said. Analyst Dara Mohsenian upgraded the stock to overweight from equal weight and named it her top pick in the household and personal care industry. Her price target of $82 implies 14.5% upside from Friday’s close. The stock … Read more

Cramer sees this year’s pudding rally signaling a different kind of bull market

This nascent bull market started with the peak in interest rates and the dollar back in the fall and then broadened to include bank and semiconductor stocks in 2023. Is it fragile? Is it alchemy? Is it real? We’ll know after we see the quarterly earnings this week from the likes of Club holdings Apple … Read more

Forget US stocks. Wall Street names its favorite European picks

European stocks are having a good year so far. The benchmark Stoxx 600 is up around 7% since the beginning of 2023 — its strongest start in over 26 years, according to Bernstein’s analysis. That’s better than the S & P 500, which returned 5.8% in the same period. While the underperformance has been marginal, … Read more

Goldman names tech stocks it says can outperform

One corner of tech, software, might be seeing “limited appetite” from the market, according to Goldman Sachs. But the investment bank is optimistic. It listed several reasons for its bullish call: “a more constructive setup due to near record-low valuations … conservative management guidance that better aligns with investor expectations, and an inflection towards cost … Read more

Here comes the biggest week of earnings. Plus an AI ode to the Dow

Jobs. Cool decision. Earnings galore. The week ahead has it all. First, the fourth-quarter reports. While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. It’s also the Club’s biggest week. We’ll hear … Read more

Apple earnings, Federal Reserve meeting drive stocks in the week ahead

January’s market rally faces a major test in the week ahead of multiple major events, the most important of which could be the Federal Reserve’s interest rate announcement and press conference. The Fed’s meeting Tuesday and Wednesday comes amid a flood of corporate earnings reports, with about 20% of the S & P 500 reporting … Read more

Tesla just had its best week since May 2013

Tesla CEO Elon Musk smiles as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway on August 29, 2022. Carina Johansen | AFP | Getty Images Tesla shares surged 33% this week, marking their best weekly performance since May 2013 and second best on record. The stock rose 11% on … Read more