Stifel raises S&P 500 forecast, recommends growth stocks because inflation to fall ‘sharply’
PUBLISHED FRI, AUG 5 2022 12:25 PM EDT Michelle Fox CNBC The market’s bounce off the July lows could have further to go as inflation pressures start easing, Stifel’s Barry Bannister said. The firm’s chief equity strategist hiked his year-end S&P 500 target to 4,400 from 4,200. The new target implies upside of 6% from […]
‘Don’t see it in my numbers’: American Express CEO doubts recession fears
Source: Yahoo Finance by Brian Sozzi A big quarter for American Express (AXP) has CEO Stephen Squeri staying optimistic into the back half of the year. “We’re acquiring spending and we see future travel bookings [strong] so I don’t see it [a recession] in my numbers at all,” Squeri told Yahoo Finance. “It’s really hard for me to get […]
‘What recession?’ Evercore ISI says after bank earnings show consumers are paying their debts
PUBLISHED TUE, JUL 19 202212:43 PM Source: CNBC By Hugh Son The odds of recession may be rising, but consumers haven’t gotten the memo yet. That’s one of the main takeaways from second-quarter reports from the six biggest U.S. banks. While signs of financial stress and the impact of rising interest rates have begun to […]
Stifel sees market comeback as economy dodges a recession, Fed slows rate hikes
PUBLISHED MON, JUL 18 20228:06 AM EDT Source: CNBC, by Jesse Pound The stock market is set up for a short-term rebound if fears about an economic downturn start to wane, according to investment firm Stifel. Stifel strategist Barry Bannister said in a note to clients on Monday that he sees the S&P 500 rising to 4,200 […]
Wall Street Chiefs Stare Down Recession Fear With Upbeat Outlook
Thursday, July 14, 2022 10:20 AM By Sridhar Natarajan and Shubham Saharan (Bloomberg) — Wall Street’s two most outspoken CEOs said the US is more than prepared to withstand an economic downturn. JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon and his Morgan Stanley counterpart, James Gorman, both said Thursday that they aren’t steering their firms toward shelter even as they see a […]