Newsfeeds Archive - Page 50 of 150

2 minute read

Top Bank Stock Picks For 2024: ‘Valuations Are At 50% Discount To S&P 500,’ Analysts Say

January 4, 3:11 PM

Bank of America's equity analysts led by Ebrahim H. Poonawala predict a bullish trend in banking stocks in 2024 due to changing economic landscape, policy shifts and strategic positioning of individual banks.

2 minute read

Tech Stocks Ease Further, Bond Yields Rise, Banks Outperform: What’s Driving Markets Thursday?

By Piero Cingari

January 4, 3:04 PM

The early 2024 sell-off has slowed down on Wall Street, with major indices showing flat or marginal performance at noon in New York on Thursday, except for the tech-heavy Nasdaq 100, which continued to drop.

BTC

2 minute read

Federal Reserve

Fed Minutes Suggest Interest Rates Are At Cycle’s Peak, But Put Imminent Cuts In Doubt

By Piero Cingari

January 3, 3:30 PM

The Federal Reserve's latest minutes from the December meeting showed policymakers acknowledging interest rates at or near the peak, signaling a shift in monetary policy.

QQQ

2 minute read

US Stocks Eye 3-Day Slump; Tech, Crypto Sell-Off Deepens, Oil, Dollar Rebound: What’s Driving Markets Wednesday?

By Piero Cingari

January 3, 2:23 PM

The early 2024 sell-off is intensifying on Wall Street, with all major stock averages in the red on the second trading day of 2024.

BTC

2 minute read

US Manufacturing Takes A Hit: Longest Downturn Since Early 2000s, Yet Exceeds December Predictions

By Piero Cingari

January 3, 12:18 PM

US manufacturing sector contracts for 14th month, longest slump since 2000-2001. Production stabilized, but orders, employment & inventories still contracting.

SPY

2 minute read

Soft Landing? Don’t Bet On It Just Yet: Fed’s Barkin Indicates Further Rate Hikes Possible

By Piero Cingari

January 3, 11:49 AM

Richmond Federal Reserve President Tom Barkin delivered a mixed message about the U.S. economy in his recent speech,…

IWM

2 minute read

Tech Sell-Off Triggers Market Reset: Value Stocks Reach 7-Month High Versus Growth

By Piero Cingari

January 3, 11:26 AM

U.S. stock market suffered worst start in two decades, tech sell-off led to cautious investor shift to value stocks, notably IUSV & IUSG ETFs + top gainers MRNA, VTRS, TNL, LVS & VAC.

BAC

2 minute read

Tech Titans Tumble: ‘Magnificent Seven’ Shed $250 Billion in Market Cap On 2024 Day One

By Piero Cingari

January 2, 5:34 PM

The Magnificent Seven's market cap plunged by $250 billion in the first trading session of the year, led by Apple Inc.'s 4% drop and a sell call from Barclays analyst Tim Long.

AAPL

2 minute read

Tech Drags On Wall Street As 2024 Kicks Off; Dollar and Treasury Yields Surge: What’s Driving Markets Tuesday?

By Piero Cingari

January 2, 2:29 PM

Wall Street kicked off 2024 on a weaker note, with the S&P 500 dipping by 0.5%, and the Nasdaq 100 experiencing a 1.4% decline in midday trading in New York.

AAPL

2 minute read

January S&P 500 Seasonality Poised To Weaken After December 2023 Rally: Analyst Forecasts Strong Stock Returns For 2024

By Piero Cingari

January 2, 1:45 PM

Stock market, gauged by S&P 500 index, saw a 5% increase in Dec. & January's returns historically have been 'middle-of-the-road'. Two-month window of Jan-Feb shows weaker performance. Post-holiday surge may predict Jan's gains & periods after 14% rise may precede 20%+ gains

SPY