Strategists’ S&P 500 Index Estimates for Year-End 2022 (Table)
Wednesday, June 15, 2022 08:20 AM Source: Bloomberg by Lu Wang The table presents estimates from strategists for where the S&P 500 Index will finish 2022 and how much profit companies will generate. S&P 500 Index 2022 Close 2022 EPS Average 4,617 $227 Median 4,650 $226 High 5,330 $245 Low 3,900 $205 No. of […]
Wharton’s Jeremy Siegel tells investors they ‘won’t be sorry’ a year from now if they start deploying cash
PUBLISHED MON, JUN 13 20228:53 AM EDT Source: CNBC Sarah Min If you have cash, begin to deploy it, says Wharton’s Jeremy Siegel Investors who buy now “won’t be sorry” a year from now after the market sell-off, according to Wharton professor Jeremy Siegel. “We’ve had bigger shocks in the past…There may be another 5%, […]
Most factories in Shanghai resume work as Covid controls ease, ministry says
PUBLISHED TUE, JUN 14 20223:34 AM EDT Source: CNB Evelyn Cheng KEY POINTS In Shanghai, 96.3% of industrial businesses tracked by the government have resumed work, with a production rate above 70%, according to China’s Ministry of Industry and Information Technology. Tesla has achieved full production, while Shanghai’s local state-owned automaker SAIC saw production in […]
JPMorgan’s trading guru Kolanovic says the market will recover losses to finish year flat
MON, JUN 13 20223:09 PM EDT CNBC: Yun Li Top Wall Street strategist Marko Kolanovic is sticking by his guns amid the sharp market sell-off, seeing the S&P 500to rebound and finish 2022 flat. “We believe rates market repricing went too far and the Fed will surprise dovishly relative to what is now priced into […]
US INSIGHT: No, US Does Not Face a Return to 1970s Stagflation
Friday, June 10, 2022 01:40 PM By Bloomberg: David Wilcox (Economist) Inflation is running at the fastest rate in 40 years and growth is poised to slow. Understandably, many commentators are predicting that the US is doomed to suffer another bout of 1970s-style stagflation. They’re wrong. The US experience in the late 1970s is the […]
TSMC Expects 30% Sales Rise Despite Global Economic Ructions (2)
Tuesday, June 7, 2022 08:50 PM By Debby Wu It’s lost over a tenth of its value in 2022 on investor fears TSMC to spend more than $40 billion to expand capacity in 2023 (Bloomberg) — Taiwan Semiconductor Manufacturing Co. expects revenue to grow about 30% in 2022, signaling resilient demand for electronics despite global macroeconomic […]
Even if oil hits $150 a barrel, JPMorgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs
TUE, JUN 7 20228:13 PM EDT UPDATED 6 HOURS AGO Stephanie Landsman J.P. Morgan’s Marko Kolanovic: $150 oil wouldn’t cripple economy or market JPMorgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the U.S. economy […]
Peak Inflation Signs Are Flashing in Chips, Shipping, Fertilizer
Monday, June 6, 2022 02:00 PM By Michelle Jamrisko Prices for chips and shipping containers have come off peaks Central bankers are scrambling to snuff out soaring inflation (Bloomberg) — Three of the key supply-side factors driving today’s global inflation levels have already turned around, meaning relief could be on the horizon for shoppers worldwide. A […]
Five Signals That Are Giving Economists Hope About 2022
Tuesday, June 7, 2022 01:08 PM By Isabelle Lee For Dutta, it’s labor supply; Kolanovic cites China’s recovery Tinsley uses consumer spending, Markowska tracks foot traffic (Bloomberg) — As corporate leaders increase their grim pronouncements about the future, there are still market economists who see stocks heading higher in the second half of this year and who say the US […]
Oil Tankers Make Rare Mid-Atlantic Switch of Russian Crude Cargo
Monday, June 6, 2022 02:07 AM By Julian Lee Transfer took place in waters 300 miles west of Madeira in May Most cargo movements occur in sheltered near-shore waters (Bloomberg) — Shippers of Russian crude are turning to unusual methods to move cargoes displaced from Europe over much longer distances to new customers. The most […]