Winning Stock Plays

Matthew Fox Michael M. Santiago/Getty Images US stocks were mixed on Wednesday as the Fed minutes showed the central bank is willing to push ahead with further interest rate hikes.The Fed remains concerned that inflation is too high and needs to be tamed with more tightening.Some members of the Fed were supportive of 50-basis-point increases.… Continue reading US stocks trade mixed as Fed minutes show central bank willing to push on with rate hikes to fight inflation

Agustin Carstens, the head of the Bank for International Settlements, said crypto is not a replacement for fiat currencies. “Only the legal, historical infrastructure behind central banks can give great credibility [to money],” the economist told Bloomberg. Crypto regulation, Carstens said, will likely strengthen after FTX’s catastrophic downfall. Loading Something is loading. Thanks for signing… Continue reading Crypto lost the battle to be an alternative to fiat money after FTX collapse, top economist says

Intuitive Machines soared as much as 259% on Wednesday in a move reminiscent of 2021’s SPAC mania. The space exploration company has soared as much as 1,260% since it completed its SPAC merger last week.Intuitive Machines is developing different services for space exploration has already won contracts with NASA. Loading Something is loading. Thanks for signing… Continue reading Space exploration company Intuitive Machines soars 259% following SPAC merger as investors revive 2021 playbook

Stocks are undergoing a leadership change, and “old economy” names will be the new winners, BofA says.  Sectors like energy and commodities have seen underinvestment in recent year, and supply chain issues will push prices upward.  These sectors are also trading at near-record discounts relative to the broader S&P 500, strategists said.  Loading Something is… Continue reading ‘Old economy’ stocks will be the winners of the new cycle, and they’re trading at record discounts amid the latest market shakeup, Bank of America says

A portfolio manager in Norway is buying Chinese stocks from US buyers, who must offload them due to sanctions, Bloomberg reported.  The assets have helped Fredrik Bjelland beat nine out of 10 peers this year and 81% last year.  One of his holdings, China National Offshore Oil Corp., has 40% more upside, he told Bloomberg.… Continue reading Blacklisted Chinese stocks have helped an asset manager in Norway beat 90% of peers this year, report says