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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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%, […]

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 […]

 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 […]