Top Wall Street strategists see the stock market recouping most of its losses into the year-end
PUBLISHED MON, JUL 4 20228:17 AM Source: CNBC by Yun Li After a brutal first half, strategists from major Wall Street firms see stocks regaining most of the ground they lost into the year-end. The S&P 500 is expected to finish the year around 4,627, more than 20% higher from Friday’s level, according to the average year-end […]
New York Fed President John Williams says a U.S. recession is not his base case
PUBLISHED TUE, JUN 28 20228:43 AM EDTUPDATED TUE, JUN 28 20221:12 PM EDT Source: CNBC Jeff Cox New York Federal Reserve President John Williams told CNBC the economy is likely to avoid recession even with higher interest rates. The Fed has been raising rates to control inflation, and Williams said that will continue as “we’re […]
Supply chain pressures have ‘eased significantly’ and inflation could be next: Morning Brief
Published Friday, July 1, 2022 Source: Contributor, Sam Ro Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. On Thursday, we learned the Fed’s preferred inflation measure — core PCE — moderated in May, rising 4.7% over the prior month and marking the third-straight month of moderating price […]
JPMorgan says investors are too worried about Apple, sees 40% rebound before year-end
PUBLISHED FRI, JUL 1 20226:44 AM EDT Source: CNBC Sarah Min Apple may be dealing with lower consumer demand and growing FX challenges, but JPMorgan is “not as worried” about the tech company as investors. Analyst Samik Chatterjee reiterated an overweight rating on Apple, saying in a Friday note that the tech company will remain […]
JPMorgan midyear outlook shocker sees S&P 500 roundtrip to new record
PUBLISHED THU, JUN 23 20229:35 AM EDT Source: CNBC by Jesse Pound The stock market will likely erase its 2022 losses in the second half as inflation declines and the U.S. economy skirts a recession, according to a top strategist at JPMorgan. Marko Kolanovic, who has remained bullish on stocks in recent months despite sharp […]
Morgan Stanley says AMD can rise more than 20% despite semiconductor industry struggles
PUBLISHED WED, JUN 22 20226:30 AM EDT Source: CNBC by Jesse Pound Advanced Micro Devices looks like a smart bet for investors despite big-picture concerns about the semiconductor sector, according to Morgan Stanley. Analyst Joseph Moore resumed coverage of the semiconductor stock with an overweight rating, saying in a note to clients that AMD appears to […]
Russian Oil Flows to Europe Have Quietly Started Creeping Up
Monday, June 20, 2022 09:55 AM Source: Bloomberg by Julian Lee and Alaric Nightingale Europe’s resolve to stop buying Russian crude may be starting to ebb. The continent’s oil refineries took 1.84 million barrels a day of crude from Russia last week, according to tanker tracking data compiled by Bloomberg. That was the the third consecutive weekly […]
Yellen Says ‘Stay Tuned’ for Word on Russian Oil Price-Cap Plan
Monday, June 20, 2022 02:11 PM Source: Bloomberg by Christopher Condon and Danielle Bochove Treasury Secretary Janet Yellen said talks are continuing on how the US and its allies might cap the price of Russian oil exports, possibly through a plan that offers exceptions to the European ban on insuring Russian oil shipments. “We are continuing to […]
JPMorgan Strategists See Equity Stress Easing in Second Half
Monday, June 20, 2022 03:23 AM Source: Bloomberg-Sagarika Jaisinghani A selloff that saw US stocks sink into a bear market last week amid red-hot inflation data and a sharp Federal Reserve rate hike will likely ease in the second half, according to JPMorgan Chase & Co. “The call of peak Fed hawkishness got delayed, but […]
Ron Baron says this is a once-in-a-generation buying opportunity as stocks tumble into bear market
PUBLISHED FRI, JUN 17 20229:52 AM EDT Source: CNBC Yun Li Longtime investor Ron Baron believes investors are being presented with a once-in-a-lifetime buying opportunity after stocks fell into a bear market on fears of a recession. “Hope you’re able to get someone or lots of someone to tell your viewers that this is HUGE […]