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Stock Market News
Business InsiderBillionaire quant Cliff Asness says conflicting signals around the Fed's next move could cause a 'scary' sell-off in stocks as recession strikes
Stocks are not pricing in the recession that bond markets are seeing, according to billionaire investor Cliff Asness.
Investor's Business DailyDow Jones Futures: AI Stock Goes Vertical With Earnings Due; Tesla Near Buy Point
The market rally keeps sending mixed messages. AI stock C3.ai is going vertical into earnings. Tesla neared a buy point.
TipRanksOppenheimer Sees Over 50% Gains in These 2 Stocks — Here’s Why They Could Soar
The shortened week kicked off with one big crisis averted for now. During the long weekend, an agreement was reached between President Biden and House Majority Leader McCarthy that should go toward resolving the debt ceiling. Oppenheimer’s Chief Investment Strategist John Stoltzfus expects a positive reaction to the progress being made to get the deal done. “In our view this portends well for the US and the markets even while it doesn’t eliminate the potential for angst near term as the agreemen
BloombergAsian Equities Fall as Congress Mulls Debt Accord: Markets Wrap
(Bloomberg) -- Asian stocks fell Wednesday after momentum in US equities faded and Congress considered the debt accord that’s needed to head off a catastrophic default.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatNvidia Touches $1 Trillion Mark After Beating Rivals to
BloombergKospi Climbs 20% From September Low, Heads for Bull Market
(Bloomberg) -- South Korea’s equity benchmark headed for a bull market as purchases by foreign investors helped boost shares of chipmakers and firms that are part of the electric-vehicle supply chain.Most Read from BloombergWinklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesPutin Orders Tighter Defenses After Drone Strikes on MoscowStock Rally Loses Steam After AI-Fueled Euphoria: Markets WrapMcCarthy Confident on Debt Vote Despite Hard-Line Ouster ThreatNvidia Touches $1 Trill
Business Insider4 reasons why the current rally in stocks could become the most hated bull market in history
"Most despicable is that the bull has the chutzpah to charge ahead when almost everyone agrees a recession is coming any day now," Ed Yardeni said.
Business InsiderHome prices surged in March and it could mean that price declines are over, S&P says
Home prices rose in 20 major cities the S&P tracked in March, versus just 12 that saw increases in February.
BloombergSouth Korea Is Wagering Its Stock Market Fortunes on MSCI’s ‘Developed’ Status
(Bloomberg) -- For years, South Korea has been home to more global conglomerates than Hong Kong, boasted a higher purchasing power than Japan or Spain, registered a longer life expectancy than New Zealand and three years ago even briefly overtook Italy in GDP per capita. Yet every year, indexing giant MSCI Inc. has categorized the country as an emerging market, a designation that has hurt Korea’s investment potential and damped stock valuations.Most Read from BloombergWinklevoss Twins Attempt Pi
- Reuters
RPT-COLUMN-Funds keep the bear pressure on copper as LME stocks rise: Andy Home
Investors are becoming increasingly negative on copper's short-term prospects as deteriorating market optics reinforce a gloomy macro picture. Investment funds have turned net short of the London Metal Exchange (LME) copper contract for the first time since June 2020, mirroring the bearish positioning already established on the CME's contract. Even super-bull Goldman Sachs has admitted "we were wrong on price expectations" as LME three-month copper last week sank to a year-to-date low of $7,867 per tonne amid rising LME inventories and ultra-loose time-spreads.
The Wall Street JournalUnilever’s Marketing and Digital Chief to Leave
Conny Braams will step down after 33 years with the consumer-goods company known for attaching its products to social or environmental causes. Her departure comes amid big changes in Unilever’s C-suite.
Business InsiderThe housing market is seeing a shift as landlords turn less aggressive - but 65% still plan to raise rent prices
Rent prices climbed just 0.29% in April on an annual basis, the smallest yearly increase in more than three years.
Investor's Business DailyCheap Stocks To Buy Amid The Debt Ceiling Talks: Should You Watch These 5 Growth Stocks?
Bull market or bear market? Or a trend-less market as seen for weeks ahead of Saturday's news that political leaders on both sides of the U.S. chambers of Congress have reached a deal in principle to raise the debt ceiling? Regardless of what stage of the market cycle we're in, some folks never tire of searching for cheap stocks to buy.
Investor's Business DailyDelta Stock Queuing Up For Takeoff Amid Triple-Digit Profits?
Delta Air Lines posted triple-digit profit growth every quarter for the past year. The new rating shows Delta stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Delta reported strong results last quarter, although down from earlier sizzling reports.
ZacksSnap (SNAP) Stock Moves -0.58%: What You Should Know
Snap (SNAP) closed at $10.22 in the latest trading session, marking a -0.58% move from the prior day.
ZacksAcademy Sports and Outdoors, Inc. (ASO) Stock Moves -1.63%: What You Should Know
Academy Sports and Outdoors, Inc. (ASO) closed the most recent trading day at $48.88, moving -1.63% from the previous trading session.
ZacksThe Bank of New York Mellon Corporation (BK) Stock Moves -0.22%: What You Should Know
The Bank of New York Mellon Corporation (BK) closed at $40.69 in the latest trading session, marking a -0.22% move from the prior day.
ZacksRPM International (RPM) Stock Moves -0.4%: What You Should Know
In the latest trading session, RPM International (RPM) closed at $79.76, marking a -0.4% move from the previous day.
ZacksCoca-Cola FEMSA (KOF) Stock Moves -0.98%: What You Should Know
Coca-Cola FEMSA (KOF) closed at $84.27 in the latest trading session, marking a -0.98% move from the prior day.
ReutersDespite Nvidia's rally, some say the stock is actually cheaper
NEW YORK/SAN FRANCISCO (Reuters) -Even after Nvidia Corp's blistering rally in recent days, the chip developer's valuation has actually fallen, at least by one measure widely used by analysts and investors. Nvidia now trades at around 45 times Wall Street's average earnings estimates for the next 12 months - a popular measure known as the forward price/earnings (P/E) ratio. While investors rushed to buy Nvidia's stock in recent sessions, its P/E multiple has fallen simply because Wall Street's earnings expectations for the company rose even faster than its share price.
ZacksCarnival (CCL) Stock Moves 0.89%: What You Should Know
In the latest trading session, Carnival (CCL) closed at $11.38, marking a +0.89% move from the previous day.
ZacksSimply Good Foods (SMPL) Stock Moves -0.88%: What You Should Know
In the latest trading session, Simply Good Foods (SMPL) closed at $35.95, marking a -0.88% move from the previous day.
ZacksAlly Financial (ALLY) Stock Moves 1.62%: What You Should Know
Ally Financial (ALLY) closed at $27.05 in the latest trading session, marking a +1.62% move from the prior day.
ZacksKeyCorp (KEY) Stock Moves 0.4%: What You Should Know
KeyCorp (KEY) closed the most recent trading day at $9.93, moving +0.4% from the previous trading session.
ZacksCiena (CIEN) Stock Moves -0.04%: What You Should Know
In the latest trading session, Ciena (CIEN) closed at $47.97, marking a -0.04% move from the previous day.
ZacksPrologis (PLD) Stock Moves -0.51%: What You Should Know
In the latest trading session, Prologis (PLD) closed at $124.31, marking a -0.51% move from the previous day.