Updates

Starbucks hikes long-term financial forecast as it unveils reinvention plan

PUBLISHED TUE, SEP 13 202211:43 AM Source: CNBC by Amelia Lucas Outgoing Starbucks CEO Howard Schultz said the coffee giant is projecting double-digit growth for revenue and earnings per share as it implements a strategy to reinvent its business. The company’s previous long-term forecast projected adjusted earnings per share growth of 10% to 12%, revenue […]

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Morgan Stanley says the S&P 500 is set for a comeback by year-end. These are its top stock picks

Source: Reuters PUBLISHED WED, SEP 14 20228:25 PM EDT Buy fear and sell greed’: Morgan Stanley portfolio manager picks these stocks to buy U.S. markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of […]

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Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows

PUBLISHED MON, SEP 12 202211:00 AM EDT Source: CNBC by Jeff Cox Lower gas prices are raising optimism that inflation is on the decline, according to a survey Monday from the New York Federal Reserve. Respondents to the central bank’s August Survey of Consumer Expectations indicated they expect the annual inflation rate to be 5.7% […]

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Inflation ‘collapse’ will launch powerful market rally, Credit Suisse predicts

PUBLISHED MON, SEP 12 20227:46 PM EDT Source: CNBC by Stephanie Landsman Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will launch a powerful market breakout. “This is actually what’s being priced into the market […]

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S&P 500 Earnings During Recessions

Published 09/13/22 Source: Bloomberg by Gina Martin Adams and Gillian Wolff Recent recession experiences have led most to believe that S&P 500 earnings are likely to get crushed in response to higher interest rates, but an examination of longer-term history shows earnings declines vary extensively. Without clear economic excesses to be resolved, the consensus for […]

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Amazon Shares Back to Winning Ways Amid Cost Push: Tech Watch

Monday, September 12, 2022 06:23 AM Source: Bloomberg by Jeran Wittenstein Amazon.com Inc. shares are back in a familiar role of outperforming after an ugly first half of 2022, even as investors brace for a slowdown in growth at the e-commerce and cloud computing giant. Amazon is the best-performing stock among its megacap peers since the […]

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How the Ukraine Offensive Will Shift the Market Narrative

Monday, September 12, 2022 12:43 AM Source: Bloomberg by John Authers The Ukrainian armed forces appear (and I emphasize appear) to have taught the rest of the world yet another lesson in the need to be cautious about knowing what we know. If the reports of the last few days are correct, then the chances of a Ukrainian […]

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Treasuries Suggest Fed Can Tame Inflation Without Killing Growth

Saturday, September 10, 2022 04:00 PM Source: Bloomberg by Michael Mackenzie The bond market is signaling that in the matter of the Federal Reserve versus inflation, its money is on the US central bank. Demand for inflation protection — as measured by yields on inflation-protected Treasury debt — keeps falling. The five-year expected inflation rate […]

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Peak Inflation? US Corporations Seems to Think So: Taking Stock

Monday, September 12, 2022 08:36 AM Source: Bloomberg: by Jessica Menton After US stocks snapped three straight weeks of losses, investors are looking ahead to a batch of crucial inflation figures that will help determine the pace of the Federal Reserve’s interest-rate increases this year and beyond. But when it comes to corporate decision makers, […]

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Apple IPhone Pre-Order Data Points to Strong Demand: Street Wrap

Monday, September 12, 2022 09:35 AM Source: Bloomberg: by Ryan Vlastelica Apple analysts are positive on the company as pre-order data for the latest versions of its iPhone point to strong interest and demand. Shares up 1.7%, with the stock outperforming other major technology and internet stocks. The Nasdaq 100 is up 0.7%. JPMorgan (overweight, […]

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