Investor Sarat Sethi has some stock picks to play inflation and a consumer slowdown

Investors should stick to companies that can keep generating earnings as they navigate high inflation and a consumer slowdown, according to DCLA’s Sarat Sethi. “Earnings are going to drive this market going forward,” Sethi said Monday on CNBC’s “Squawk Box.” “Not multiple expansion, not liquidity, it’s going to be where do we find earnings, and […]

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% […]

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,” […]

These stocks’ momentum could go on in second half, Credit Suisse says

Credit Suisse believes the July stock market rally will continue, and has a list of names that could continue to ride the momentum from here. Stocks capped a strong month on Friday, rallying sharply off their June lows, as traders bet that markets have already priced in the likeliest recession expectations and shifted into more […]

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 […]

Enphase (ENPH) earnings Q2 2022: Huge growth in Europe

Workers install solar panels on the roofs of homes under construction south of Corona, California. The California Energy Commission in May 2018 adopted new energy building standards requiring solar panels for virtually all new homes built in the state starting in 2020. MediaNews Group/Inland Valley Daily Bulletin via Getty Images | Digital First Media | […]

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%, […]

Snap, American Express, Verizon, Seagate and more

Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American […]

Markets face crucial summer week, with Fed, earnings and economic data

A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters There’s a head-spinning amount of news for markets to navigate in the week ahead, the biggest of which will be the Federal Reserve’s midweek meeting. The two largest U.S. companies — Microsoft and Apple — […]

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% […]

Baker Hughes, Biogen, Netflix and more

Check out the companies making headlines before the bell: Baker Hughes (BKR) – The oilfield services company reported second-quarter adjusted earnings of 11 cents per share, just half of what analysts had forecast. Revenue also fell below estimates, with Baker Hughes citing various challenges including component shortages and supply chain inflation. Baker Hughes tumbled 6% […]

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 […]

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 […]

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 […]

Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Investors are likely to switch their focus to earnings season, after the market’s wild ride on rising and falling expectations for Federal Reserve rate hikes. Stocks were volatile in the past week. The three major indexes posted sharp gains Friday, after worries the […]

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 […]

JPMorgan CEO Dimon sums up U.S. economy in one paragraph — and it sounds bad

Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Christophe Morin | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one paragraph, and it’s not all good. On the one hand, Dimon said the U.S. “economy continues to grow and both the job […]

Wall Street bets on analysts cutting earnings estimates as the economy shows signs of slowing

Earnings season begins, and Wall Street is waiting for analysts to start cutting estimates. Wall Street and the analyst community have been engaged in a furious fight for two months over the refusal of most analysts to lower their 2022 and 2023 earnings estimates in the face of what seems like an obviously slowing economy. […]

Stock futures are flat with all eyes on June’s inflation report

Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed in overnight trading on Tuesday as investors awaited a key inflation report that is expected to show a fresh high. Futures on the Dow Jones Industrial Average edged up 18 points. S&P 500 futures and Nasdaq 100 futures […]

China factories are feeling some heat as U.S., Europe demand slows

Pictured here on June 24, 2022, are workers making umbrellas in a factory in Jinjiang city, Fujian province, China. Yuan He | Future Publishing | Getty Images European sales for Guangdong-based coffee machine company HiBrew have tapered off after a sterling run last year when pent-up global demand drove up purchases of Chinese consumer goods.  […]

S&P 500 futures edge lower ahead of kickoff to earnings season

Traders on the floor of the NYSE, June 24, 2022. Source: NYSE U.S. equities futures dipped Sunday evening as Wall Street looked ahead to big company earnings reports and key inflation data, on the heels of a strong employment report. Futures tied to the Dow Jones Industrial Average slipped by 51 points, or 0.1%. S&P […]

Kazakhstan’s Rybakina wins women’s Wimbledon title, first Slam

The Wimbledon logo amongst flowers The Championships at All England Lawn Tennis and Croquet Club on July 10, 2019 in London, England. Visionhaus | Getty Images Elena Rybakina beat Ons Jabeur 3-6, 6-2, 6-2 in the Wimbledon final on Saturday to become the first tennis player from Kazakhstan to win a Grand Slam singles championship. […]

Stocks could drop another 20% from here if a recession ensues, Wall Street gurus say

To stock investors who think a 20% bear-market-induced sell-off has discounted a recession, think again. Top market gurus from Morgan Stanley’s Mike Wilson to DataTrek’s Nick Colas are warning that the S & P 500 could drop another 20% from here if an economic downturn ensues like many indicators suggest. “At current prices, it seems […]

Warren Buffett beefs up his Occidental bet again, pushing his stake to 18.7%

Warren Buffett’s Berkshire Hathaway continued its buying spree in shares of Occidental Petroleum this week, pushing its stake in the oil giant to 18.7%. The conglomerate bought another 12 million shares of Occidental on Tuesday and Wednesday at a cost of about $698 million, according to a Securities and Exchange Commission filing. The “Oracle of […]

Gasoline futures are dropping, which could mean more relief at the pump

Brie Olootu pumps gas at an Exxon Mobil gas station on June 09, 2022 in Houston, Texas. Gas prices are breaching record highs as demand increases and supply fails to keep up. Brandon Bell | Getty Images Prices at the pump have retreated from June’s never-before-seen levels, but remain stubbornly high. Some relief could be […]

Buy the dip in China markets despite Covid concerns: BOFA Securities

Short-term corrections in the Chinese stock markets can be a buying opportunity for investors, says a strategist from Bank of America Securities. Winnie Wu, a China strategist at the investment bank, acknowledged that there’s still a potential volatility from China’s evolving Covid situation, and there could be more bad news ahead if Covid cases rebound […]

Beijing city to require Covid vaccinations for some public venues

Chinese cities like Beijing, pictured here on July 6, 2022, require negative virus tests from within the last 72 hours in order to enter most public spaces. Kevin Frayer | Getty Images News | Getty Images BEIJING — China’s capital city is set to require Covid vaccinations for entering gyms and some other venues, the […]

GameStop jumps over 6% after hours on 4-for-1 stock split announcement

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 6% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the […]

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