Looking for a Low: Capitulation Update Read Research Report: Stock-Market Checklist Shows Patient Is Flagging
Gina MartinBloombergOctober 17,2022 S&P 500 Capitulation Signals Have Emerged, Hinting at BottomContributing Analysts Gillian Wolff (Strategy)(Bloomberg Intelligence) — A short-term sentiment washout occurred with the recent rout in stocks, as breadth and momentum signals are joined by correlation and options positioning to build a body of evidence that a longer-term low may be in the […]
Oracle’s Stock Looks Cheap Again. ‘We’ve Got a Plan,’ CEO Says.
Eric J Savitz Barron’s October 14,2022 Safra Catz is feeling feisty, and for good reason. Over the past few years, the Oracle CEO has engineered an impressive turnaround at the enterprise software giant, which has bet the future of the company on cloud computing. As we outlined in a Barron’s cover story in February 2021, Oracle (ticker: ORCL) […]
After two years of shipping snarls, things are starting to turn around
Su-Lin Tan CNBC October 16,2022 After two years of port congestions and container shortages, disruptions are now easing as Chinese exports slow in light of waning demand from Western economies and softer global economic conditions, logistics data shows. “The retailers and the bigger buyers or shippers are more cautious about the outlook on demand and […]
Meta and Qualcomm strike deal to make custom virtual reality chips for metaverse applications
Arjun Kharpal CNBC October 16,2022 Meta and Qualcomm are teaming up to develop custom chipsets for virtual reality products. The two U.S. technology giants have signed a multi-year agreement “to collaborate on a new era of spatial computing,” powered by Qualcomm’s Snapdragon extended reality (XR) platforms. Since its rebrand in 2021, the Facebook parent has […]
Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City
Andrew Kelly Reuters September 16, 2022 Apple would fare better than other technology companies in the event of a economic downswing, according to Morgan Stanley.Analyst Erik Woodring said the broader market will feel the impacts of a weakening economy and companies’ earnings per share will see double-digit slides for the rest of the year as […]
The Time to Buy the Dip Is Fast Approaching — for One Country
Edward Harrison Bloomberg October 16, 2022 (Bloomberg)– Investors are looking beyond a looming global recession and they see one country – and its financial markets – emerging strongest on the other side. US stocks and bonds will lead the way out of the current wave of market turmoil, according to respondents in the latest MLIV Pulse survey. Meanwhile they reckon it’s […]
Signs emerge that the big drivers behind this hot inflation reading are starting to cool
Ron Insana CNBC October 14, 2022 Whether the financial markets have correctly priced in “peak inflation” and a potential Federal Reserve pivot is a topic for another day. But there is ample evidence that the inputs that drove inflation higher, especially in the goods sector, are heading back to Earth. A disinflation checklist may be […]
BI Focus: Microsoft’s 2024 Brighter Than Consensus
Anurag Rana and Andrew Girard Bloomberg Intelligence October 14, 2022 (Bloomberg Intelligence) — Microsoft could surpass fiscal 2024 consensus sales growth in constant currency by 300-500 bps on the back of a rebound in cloud spending after a year of slowdown. Though weak economic conditions will likely hurt the company’s 2023 sales growth from a […]
Overdone recession fears: Top economist Mark Zandi predicts inflation will moderate in next six months
Mark Zandi CNBC October 12, 2022 The U.S. will see inflation cut in half within six months, according to Mark Zandi of Moody’s Analytics.His call, which comes on the cusp of another key inflation report, hinges on oil prices staying at current levels, supply chain problems continuing to ease and vehicle prices starting to roll […]
S&P 500 LIKELY TO REPORT EARNINGS GROWTH OF 6% TO 7% FOR Q3 2022
John Butters Factset October 10, 2022 As of today, the S&P 500 is expected to report (year over-year) earnings growth of 2.4% for the third quarter, which would be the lowest earnings growth reported by the index since Q3 2020. Given that most S&P 500 companies report actual earnings above estimates, what is the likelihood […]