JPMorgan’s Kolanovic says the globe is not headed toward recession and is very bullish energy stocks
PUBLISHED MON, MAY 9 20222:18 PM EDTUPDATED 25 MIN AGO Pippa Stevens@PIPPASTEVENS13 In this article EOG-15.10 (-11.42%) OXY-7.35 (-11.32%) Stocks tumbled Monday as global growth concerns continue to weigh on markets, but JPMorgan doesn’t see a recession on the horizon. With this in mind, the firm is doubling down on its call to buy energy stocks. “The […]
CNBC: Ron Insana says the Fed is defying logic by trying to create a recession
Below is an excellent article highlighting the alternative view of what the federal reserve should be doing today. Though the article makes good points, the Federal Reserve does have to move off of negative real rates and begin to normalize monetary policy. Federal reserve forward guidance is to normalize monetary policy, not to create a […]
JPMorgan’s Kolanovic Sees Rebound as Bearish ‘Fears Overblown’
(Bloomberg) — Monday, May 2, 2022 01:17 PM By Jessica Menton The negativity in the U.S. stock market has become so overwhelming that a rebound may not be far off, JPMorgan Chase & Co.’s strategists say. In a note to clients, analysts led by Marko Kolanovic pointed to the closely watched American Association of Individual Investors survey hitting the […]
Wharton’s Jeremy Siegel says the struggling stock market now looks attractive for long-term investors
CNBC PUBLISHED FRI, APR 29 2022 5:10 PM EDT Kevin Stankiewicz Wall Street just finished up a brutal April, and Wharton School’s Jeremy Siegel told CNBC he’s now liking where the stock market sits. In an interview on “Closing Bell: Overtime,” the longtime University of Pennsylvania finance professor stressed it’s impossible to know if the […]
Fundstrat’s Tom Lee says FAANG stocks are value buys amid tech sell-off
CNBC PUBLISHED WED, APR 27 2022 12:47 PM EDT Samantha Subin Fundstrat Global Advisors’ Tom Lee believes the latest tech sell-off is a buying opportunity for FAANG names that are on the verge of value prices. “As you know investing isn’t really about trying to make money every month, but it is about trying to […]
Top Wall Street analysts are getting bullish on these stocks for the long run
CNBC PUBLISHED SUN, MAY 1 2022 9:11 AM EDT Swati Goyal, Tipranks.com Earnings season can bring heightened volatility to the markets, and this time it’s showing no sign of slowing down. In tumultuous times like these, short-term bets can be dangerous. Instead, investors may better withstand the turbulence by taking a long-term perspective. Some of Wall […]
Analysts are mostly confident Amazon can work through inflationary pressures, JPMorgan says ‘buy the pullback’
CNBC PUBLISHED FRI, APR 29 202210:22 AM EDT Sarah Min@_SARAHMIN Wall Street analysts haven’t lost faith in Amazon even after the e-commerce giant’s mixed quarterly report. Amazon shares dropped nearly 12% on Friday after the company signaled rising inflation will hurt sales amid growing exposure to macro pressures from the Russia invasion in Ukraine. Amazon also recorded […]
Buffett bought more Apple last quarter and says he would have added more if the stock didn’t rebound
CNBC PUBLISHED MON, MAY 2 20228:33 AM EDT Yun Li@YUNLI626 Warren Buffett bought the dip in his No. 1 stock Apple during the tech giant’s sell-off in the first quarter. Berkshire Hathaway’s Chairman and CEO told CNBC’s Becky Quick that he scooped up $600 million worth of Apple shares following a three-day decline in the stock last quarter. Apple […]
Cloud computing is a bright spot for tech as the economy grapples with war and inflation
PUBLISHED FRI, APR 29 202212:05 PM EDT By Jordan Novet on cnbc.com Central banks lifted interest rates to tamp down inflation in the first quarter, and a hot war broke out in Europe. Those shifts have been weakening demand across some parts of the economy. But several of world’s largest technology companies have a business buffer against […]
U.S. consumer spending accelerates; wage inflation rising
By Lucia Mutikani Thomson Reuters Summary Consumer spending increases 1.1% in March PCE price index jumps 0.9%; up 6.6% year-on-year Core PCE gains 0.3%; increases 5.2% year-on-year Employment cost index surges 1.4% in first quarter WASHINGTON, April 29 (Reuters) – U.S. consumer spending rose more than expected in March amid strong demand for services, while monthly […]