BlackRock launches a private trust to give clients exposure to spot bitcoin

Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019. Alex Kraus | Bloomberg | Getty Images BlackRock has launched a private trust offering institutional clients in the U.S. direct exposure to bitcoin. The largest asset manager in the world revealed […]

Market outlook ‘too volatile’ to chase stock, bond rallies, asset manager says

Investors should eschew chasing recent rallies in stocks and bonds given the current economic uncertainty, according to the chief investment officer of Swiss asset manager Prime Partners. Francois Savary said it was hugely difficult to have clear economic visibility due to the particulars of the current investment cycle, such as the Covid-19 recovery and the […]

Wall Street banks name their top growth stocks

Growth stocks have been slammed this year amid a broad bear market slump, but a slew of Wall Street banks believe the tide is now turning. Investors had rotated out of growth stocks — such as tech — and into value as soaring inflation and rising interest rates sent them clamoring for safer bets in […]

Most of Warren Buffett’s equity portfolio is tied up in just 5 stocks. Here’s what they are

Warren Buffett’s Berkshire Hathaway just revealed that about 70% of its equity portfolio was concentrated up in just five names. Here’s a look at these high-conviction bets from the legendary investor. While the conglomerate enjoyed a big rebound in operating earnings, it did post a $53 billion loss on its investments during the second quarter […]

Analysts on how to invest for yields amid volatility, high inflation

There’s hardly any place for investors to hide this year, it seems. Stocks are volatile, and bonds haven’t been doing better for much of this year. U.S. investment grade bonds have plummeted in 2022. The iShares Core U.S. Aggregate Bond ETF — which tracks the Bloomberg U.S. Aggregate Bond Index — has tumbled nearly 8% […]

Stock selection on peak inflation, recession, earnings cuts: Jefferies

A slowdown could be on the horizon, and analysts are predicting more earnings downgrades. Throw in a possible peak in inflation, and that mix of factors could favor a certain category of stocks. Skyrocketing inflation has underpinned the U.S. Federal Reserve’s hawkish tilt, said Jefferies in a July 29 research report. But a recent decline […]

Bill Ackman blasts Visa, saying it has the power to pressure Pornhub to remove child pornography

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire hedge fund manager Bill Ackman is taking a vocal stance against Visa, saying the credit card giant has the power to pressure Pornhub to remove child pornography from its site. “My interest comes from the fact that I have four daughters,” […]

Market bottom or bear market rally

U.S. stocks fell on Monday, as the three major indexes came off a solid month of trading gains in July, leaving investors wondering once again if the bear market rally is fizzling out, or if this was just a slight blip in a larger rebound. July saw all three major indexes clock their best month […]

Wall Street analysts pick safe-haven consumer stocks

The state of consumer spending in the U.S. is tricky to call right now . On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported […]

Apple, Amazon, Roku, Intel, First Solar, SeaWorld

Here are the biggest calls on Wall Street on Friday: Stifel downgrades Wingstop to hold from buy Stifel said it sees a more balanced risk/reward outlook for the chicken wing restaurant company. “We are downgrading WING to Hold from Buy following the 20% appreciation in the stock following the 2Q earnings release (S & P […]

BlackRock’s Rieder says the Fed may hike three more times, then stop

BlackRock’s Rick Rieder said he expects the Federal Reserve to raise rates by three quarters of a point Wednesday and then possibly hike two more times before halting. The Fed began its two-day meeting on Tuesday and was widely expected to announce the 75 basis point hike to its fed funds rate Wednesday at 2 […]

UBS misses second-quarter earnings expectations; CEO cites ‘uncertain times’

UBS on Tuesday missed expectations for the second quarter of 2022 as its wealth management and investment banking divisions saw falling client activity on the back of the global market downturn. The Swiss bank posted a net profit attributable to shareholders of $2.108 billion, below analyst expectations aggregated by the company of $2.403 billion. It […]

Stock futures fall after Walmart cuts forecast, says inflation hit consumer spending

Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE U.S. stock futures fell on Monday night after Walmart cut its profit forecast, sending retail stocks tumbling after hours. Dow Jones Industrial Average futures fell by 133 points, or 0.4%. S&P 500 and Nasdaq 100 futures declined 0.3% and 0.4%, […]

Fund manager on tech selloff, investing in healthcare, communications stocks

Despite calls from some analysts to reconsider tech stocks, Deuterium Capital’s John Ricciardi says it’s not yet time to buy the dip. The tech sector has sold off massively this year as investors rotated into value from growth names, on the back of monetary tightening, recession and other risks. Ricciardi, lead fund manager and head […]

‘High volatility’ means ‘sharp’ up days, says analyst: Stay invested

With the stock market flashing more red than green these days and economists warning that the chances of a recession are rising, some investors may be eyeing the exit sign. But by leaving now you risk missing the best days of the market, experts say. “High volatility doesn’t mean only downside volatility,” said Veronica Willis, […]

Apple among the names reporting next week that typically beat on earnings, boosting shares

The busiest week of the corporate earnings season is around the corner, and there are some companies that tend to outperform expectations and see their stocks pop. More than 150 S & P 500 components are slated to report next week, including Apple, Alphabet and Chipotle Mexican Grill. So far this earnings season, about 21% […]

Stock winners and losers as people pinch pennies

The second quarter has shown continued earnings growth for corporate America, but there are signs that inflation and a slowing economy are starting to weigh on the U.S. consumer. Some corporate executives are highlighting growing weakness among lower income consumers, even while many companies say demand appears strong overall. That weakness is likely to spread if […]

Wall Street analysts name top stock picks for the third quarter

Citigroup , Bank of America and Barclays have named a raft of stocks they think could do well in the third quarter, as the specter of a recession continues to loom large in the minds of investors. The S & P 500 has gained about 4.6% so far this quarter, after a first half of […]

U.S. recession, what worked in past downturns

Will the U.S enter a recession? Wall Street may be deeply divided on that, but Bank of America believes the economy is already in one. The investment bank reveals how to trade the downturn, naming several stocks with attributes that have worked in past recessions. The bank believes the U.S is in a “mild” recession […]

Stock futures extend Dow rally as Netflix earnings beat estimates

U.S. stock futures edged higher on Tuesday after a sharp rally for the three major indexes during the regular trading session. Dow Jones Industrial Average futures rose 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.16% and 0.32%, respectively. Netflix surged more than 7% in after-hours trading after saying it lost only […]

Credit card swipe fees to add $2.5 billion to back-to-school bills

Considering the impact of inflation, consumers are spending more on back-to-school supplies — and then some — as retailers pass along credit card fees in the form of higher prices. This year, total back-to-school spending is expected to match the 2021 record high of $37 billion, according to the National Retail Federation. The so-called swipe […]

Citi cuts Microsoft price target, citing foreign exchange headwinds

Microsoft faces slowing PC demand and foreign exchange headwinds that could hit profits in the near-term, Citi said Tuesday. “We lower our Q4 estimates on mostly FX, and weaker PC’s, while our FY23 embeds more macro conservatism and slower growth across key commercial businesses,” wrote analyst Tyler Radke in a note to clients as he […]

What happens to my funds if a crypto exchange goes bankrupt?

Bankruptcy filings from Celsius and Voyager have raised questions about what happens to investors’ crypto when a platform fails. Rafael Henrique | Sopa Images | Lightrocket | Getty Images Traders hoping to recoup their funds from failed cryptocurrency exchanges anytime soon are likely to end up disappointed, legal experts tell CNBC. Crypto trading and lending […]

Ivy Zelman says hold off buying battered housing stocks, more pain ahead

The plunge in homebuilder sentiment is a signal of a housing slowdown that’s just beginning, according to star housing expert Ivy Zelman. Builder sentiment dropped 12 points to 55 in July, according to a Monday report from the National Association of Home Builders. The slump brought the index to its lowest point since the beginning […]

Goldman Sachs, Coinbase and more

Take a look at some of the biggest movers in the premarket: Goldman Sachs (GS) – Goldman gained 2.6% in premarket trading, following upbeat profit and revenue. Second-quarter earnings came in at $7.73 per share, compared to a consensus estimate of $6.58 a share. Goldman’s profit dropped from a year ago, however, as the pace […]

Two FAANG stocks look incredibly cheap, Morningstar strategist says

Morningstar Chief U.S. Markets Strategist David Sekera believes the massive sell-off in Big Tech this year could now be overdone. The broader tech sector has borne the brunt of a market rotation out of growth stocks and into value names this year, as monetary tightening became more apparent. The Nasdaq Composite is down 28% year-to-date, […]

Top Wall Street analysts say buy stocks like Levi’s & Palo Alto

Levi Strauss & Co. CEO Chip Bergh rings the opening bell on New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. Lucas Jackson | Reuters More than two weeks into the third quarter, the economic environment and near-term outlook continue to be tense and murky. However, bear markets […]

These companies generally beat earnings estimates and trade higher

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 […]

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