Ferrari on Monday replaced Tesla as Morgan Stanley’s top stock pick among automakers. Ferrari investors are underestimating the luxury carmaker’s EV opportunity. Morgan Stanley sees 14% upside in the Ferrari stock, lifting its price target to $310 a share. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Morgan Stanley’s long-time Tesla bull just named Ferrari as the new top auto stock, saying its ‘unmatched brand’ makes it best positioned to handle macro uncertainty
Investors should brace for a sell-off in tech stocks with Fed chair Powell set to deliver a hawkish message to lawmakers, Gene Munster says
Tech stocks are vulnerable to a sell-off this week as Jerome Powell testifies to Congress, Gene Munster said. Powell will deliver semi-annual testimony to Senate and House lawmakers on Tuesday and Wednesday. The first half of 2023 will likely be rough for tech stocks but further strength lies ahead later this year, Munster said. Loading… Continue reading Investors should brace for a sell-off in tech stocks with Fed chair Powell set to deliver a hawkish message to lawmakers, Gene Munster says
US natural gas prices plummet 13% as streak of mild winter weather set to continue
Natural gas prices have fallen 13% amid forecasts of more mild weather as winter winds down. Prices have fallen 34% this year as warmer winter temperatures hurt demand. Falling prices are a sign that the US needs to scale back gas production, some commentators say. Loading Something is loading. Thanks for signing up! Access your… Continue reading US natural gas prices plummet 13% as streak of mild winter weather set to continue
JPMorgan CEO Jamie Dimon says that the US can still avoid a recession and that the Russia-Ukraine war is the biggest geopolitical threat since World War II
JPMorgan CEO Jamie Dimon said the Russia-Ukraine war is the top risk to the global economy. In his view, the conflict in Ukraine represents the biggest geopolitical threat since World War II. He also told Bloomberg that it’s possible the US economy avoids a recession. Loading Something is loading. Thanks for signing up! Access your… Continue reading JPMorgan CEO Jamie Dimon says that the US can still avoid a recession and that the Russia-Ukraine war is the biggest geopolitical threat since World War II
Elon Musk Fears Economic Disaster if This Is Not Done Immediately
The economy’s health remains the main subject of concern for consumers and investors, who just about every week see another wave of corporate job cuts. On Nov. 30, DoorDash was the umpteenth company to announce drastic cost reductions, including the elimination of 1,250 corporate workers. The company employed 8,600 corporate staff at year-end 2021. “Our… Continue reading Elon Musk Fears Economic Disaster if This Is Not Done Immediately
Women are taking more control of their family’s finances and that’s a good thing
It’s a myth that women are more conservative when it comes to investments More women prefer to take a long-term view toward investing and financial planning. Photo by Getty Images/iStockphoto One of my girlfriends recently called me while frantically trying to figure out her Canada Pension Plan (CPP) and Old Age Security (OAS) entitlements. We… Continue reading Women are taking more control of their family’s finances and that’s a good thing
Legendary investor Bill Ackman made billions as COVID struck by dusting off a 2008-crisis-era playbook
Bill Ackman netted billions wagering on something the market thought was a long shot. Ackman used a tool that helped fund managers during the 2008 crisis make billions betting against the housing market. Excerpts from a new book published in Vanity Fair detail how Ackman hit it big betting on an economic cataclysm. Loading Something… Continue reading Legendary investor Bill Ackman made billions as COVID struck by dusting off a 2008-crisis-era playbook
Short-term cash is back in style with yields sizzling around 5%, but watch out for a Fed policy U-turn, says investment strategist
“Boring” money markets funds are in style with short-term bond yields up, said SoFi’s Liz Young. Yields are in the 5% range as investors see the Fed potentially driving up its key rate higher. Young said if the Fed were to swing back to rate cuts, watch out for falling yields. Loading Something is loading.… Continue reading Short-term cash is back in style with yields sizzling around 5%, but watch out for a Fed policy U-turn, says investment strategist
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