Strategists expect stocks to bottom in the first half of 2023 after the Federal Reserve pivots away from raising interest rates Author of the article: Bloomberg News Farah Elbahrawy Pedestrians pass in front of a Bank of America Corp. branch in New York, U.S. Photo by Eric Thayer/Bloomberg files The sentiment on stocks and global… Continue reading Bank of America survey ‘screams’ capitulation with rally set for 2023
Private equity circles fallen stars of pandemic IPO boom
Three-quarters of U.S. companies that listed in 2019-21 now trade below offering price Author of the article: Financial Times Sujeet Indap and Nicholas Megaw in New York People wait in line for T-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO on July… Continue reading Private equity circles fallen stars of pandemic IPO boom
Stock Market Today: Goldman Earnings Give Stocks a Boost
Stocks closed higher for a second straight day as the latest batch of third-quarter earnings rolled in. Goldman Sachs (GS (opens in new tab), +2.3%) continued a trend seen in big bank earnings recently, reporting higher-than-expected top- and bottom-line results for its third quarter. Defense contractor Lockheed Martin (LMT (opens in new tab)) was another… Continue reading Stock Market Today: Goldman Earnings Give Stocks a Boost
Goldman Sachs, Lockheed Martin Earnings Drive U.S. Stock Rally
U.S. stocks rallied for a second straight day on Tuesday as solid quarterly results from Goldman Sachs and Lockheed Martin dampened worries of a dismal earnings season as it begins to pick up steam. Goldman Sachs Group Inc gained 2.07% after reporting a smaller-than-expected drop in quarterly profit as a boost in net interest income… Continue reading Goldman Sachs, Lockheed Martin Earnings Drive U.S. Stock Rally
For Stocks, the Midterms May Not Matter. Here’s Why That’s A Good Thing.
Investors can find plenty to stress about as voters try to pick congressional candidates they believe will best help the nation navigate through inflation, labor shortages, a possible recession, international conflicts and divisive social issues. Here’s one bit of reassurance: If history is any guide, at least you don’t have to worry too much about… Continue reading For Stocks, the Midterms May Not Matter. Here’s Why That’s A Good Thing.
Technical Analysis Says This Stock Market Rally Has Legs
The S&P 500 is in the midst of a remarkable rally and continues to show signs of strength, leading some technical analysts to predict even more upside ahead. To be sure, no one is calling for the end of the bear market. It’s not even clear that the bottom of the current bear market is… Continue reading Technical Analysis Says This Stock Market Rally Has Legs
US stocks end higher after paring gains sharply in volatile trade as rally continues
US stocks closed higher Tuesday after paring gains in a volatile trading session. Strong earnings reports from Goldman Sachs and Johnson & Johnson helped fuel early bullishness. Earnings season will continue Wednesday, highlighted by Tesla’s quarterly report. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading US stocks end higher after paring gains sharply in volatile trade as rally continues
EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
The EU ramped up its purchases of Russian LNG this year, as Moscow slashes gas supplies via pipeline. Imports of Russian LNG totaled 15 billion cubic meters through September, up 50% from last year. Europe is scrambling to replace slashed pipeline flows through LNG purchases, which have allowed Moscow to pull in hefty amounts of… Continue reading EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
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