PayPal Sees No Letup for Online Shopping Even With Reopenings
Monday, March 15, 2021 12:50 PM By Jenny Surane ‘Business will forever be changed,’ CEO Dan Schulman says Tech giant on pace to process $1 trillion a year in payments (Bloomberg) — PayPal Holdings Inc. said there’s been no slowdown in online shopping even as cities around the world begin to reopen. “Even as people get vaccines […]
Apple is a ‘best idea’ pick that can rally up to 86% as tech stocks rebound, Wedbush says
By Ben WinckMarch 10, 2021 Wedbush named Apple one of its “best ideas” stocks after recent selling set up a “great entry point.” Strong quarterly figures and demand in Asia can lift shares even as investors shift to value names, analyst Dan Ives said. The firm holds a bull-case price target of $225, implying an […]
Investors should buy the dips in growth stocks because inflation is ‘well-contained,’ according to BofA
Investors should buy the dip in growth stocks and sell the rip in value stocks, according to a Wednesday note from Bank of America. The bank believes inflation is “well-contained” and any spikes in rising prices will be temporary. “In the reopening period to come, inflation spikes and market overshoots in value stocks could present […]
Online spending soared 54% in February, signaling a permanent shift in Americans’ shopping habits, Mastercard says
Ecommerce a 54% increase in February compared last year, Mastercard said. Online apparel and jewelry sales rose 75% and 63% last month from 2020, CNBC reported. The “e-commerce muscle” built in the pandemic is “here to stay,” Mastercard executive says. Visit the Business section of Insider for more stories. Online sales jumped 54% in February from […]
Market strategist who called the pullback says you have to buy the tech ‘FANG’ stocks on the dip
The market appears to be entering a positive period after the Nasdaq shakeout, and big-cap tech has gotten cheap enough to buy, according to BTIG’s Julian Emanuel. Emanuel said big cap tech growth stocks, like “FANG” (Facebook, Alphabet, Netflix, Google-parent Alphabet), have been beaten up enough after losing ground in the tech correction, as the […]
Yellen Says Inflation Problem Unlikely to Result From Stimulus
(Bloomberg) — Treasury Secretary Janet Yellendismissed fears that President Joe Biden’s $1.9 trillion pandemic-relief bill is so big that it will cause an inflation problem. “I really don’t think that’s going to happen,” Yellen said in an interview with MSNBC Monday, when asked about concerns that consumer-price pressures could surge as a result of deploying the stimulus […]
TSMC reportedly planning on building six new manufacturing facilities in the U.S.
In a much-needed bid to address the massive global semiconductor shortage, Taiwan-based TSMC is planning to ramp up its manufacturing. The chipmaker plans to set shop in Arizona, USA, as a part of its global expansion endeavour. This move comes after Joe Biden signed an executive order that incentivizes manufacturers to shift base to the […]
Economists Ratchet Up U.S. Growth Forecasts on Spending Plan
(Bloomberg) — Growth prospects for the U.S. economy this year are brightening considerably as Americans get vaccinated from the coronavirus and Congress closes in on another massive fiscal relief package. The latest Bloomberg monthly survey of economists shows the pace of growth in the first quarter will be twice as fast as respondents expected just […]
‘Often the best part of bull markets comes at the end’
Guggenheim’s Scott Minerd told CNBC PRO on Tuesday that asset prices appeared expensive in multiple parts of the investing world, but he wasn’t ready to call it a bubble. He explained his views on asset prices and inflation in the chat with Brian Sullivan.
‘This bond market is so radically oversold,’ economist David Rosenberg says
Economist David Rosenberg says he made a career by not following the herd, and his bond forecast could be considered the latest example. According to the Rosenberg Research president, this year’s rate yield shock surrounding the benchmark 10-year Treasury Note is temporary. “This bond market is so radically oversold,” Rosenberg told CNBC’s “Trading Nation” on Friday. […]