Target shares rose Tuesday after Jefferies said it sees big upside in the retailer’s stock price. The company was upgraded to a buy rating, with a price target of $185, or roughly 20% above current levels. Jefferies also rated Walmart a buy and sees both companies outperforming amid economic challenges. Loading Something is loading. Thanks… Continue reading Target shares could climb 24% as the retailer steers through economic and inventory challenges, Jefferies says
Investors likely used shady methods to move $45 billion out of China as the yuan continues its decline
China is seeing huge volumes of cash leave its financial markets as the yuan declines against the dollar. In the first six months of the year, China saw a net $101 billion in outflows from stocks, bonds and direct investment. China labeled $45.2 billion in outflows as “errors and omissions,” which likely indicates illegal or… Continue reading Investors likely used shady methods to move $45 billion out of China as the yuan continues its decline
JPMorgan’s Marko Kolanovic recommends trimming exposure to stocks as risk of a hawkish policy error by the Fed rises
One of Wall Street’s biggest bulls is getting less bullish on stocks, according to a Monday note.JPMorgan’s Marko Kolanovic trimmed his overweight exposure to equities due to the rising risk of a Fed policy error.”The increasingly hawkish rhetoric from central banks, and escalation of the war in Ukraine are likely to delay the economic and… Continue reading JPMorgan’s Marko Kolanovic recommends trimming exposure to stocks as risk of a hawkish policy error by the Fed rises
Housing Market Slump Forecast Continues Into Late 2023
High mortgage rates and elevated housing prices remain major roadblocks for home buying, pushing builder sentiment to fall again in October, the 10th consecutive month. The rapid slump in the housing market is likely to continue well into 2023 as the Federal Reserve continues tightening its monetary policy. The weakened housing market is still facing… Continue reading Housing Market Slump Forecast Continues Into Late 2023
Noah Solomon: How low can markets go? History offers some clues
Value stock outperformance is in the early stages and has plenty of room to run A specialist trader works on the floor of the New York Stock Exchange. Photo by Brendan McDermid/Reuters files Against a backdrop of sky-high inflation, rising rates and growing recession concerns, stocks have had a dismal year. Advertisement 2 This advertisement… Continue reading Noah Solomon: How low can markets go? History offers some clues
Most Canadian businesses expect recession in next 12 months, BoC survey reveals
Most businesses and consumers think a recession is likely within the next 12 months Author of the article: Bloomberg News Erik Hertzberg and Randy Thanthong-Knight Bank of Canada survey showed business sentiment has softened. Photo by Stephanie Foden/Bloomberg Sentiment among Canadian firms fell the most since the beginning of the pandemic, with inflation expectations among… Continue reading Most Canadian businesses expect recession in next 12 months, BoC survey reveals
Loblaw freezes No Name prices to combat inflation in first for Canadian grocer
The price freeze runs from Oct. 17 until the end of January Publishing date: Oct 17, 2022 • 16 hours ago • 4 minute read • 23 Comments Loblaw Companies Ltd. will freeze prices on all No Name products for more than three months. Photo by J.P. Moczulski for Postmedia News Loblaw Companies Ltd., Canada’s largest… Continue reading Loblaw freezes No Name prices to combat inflation in first for Canadian grocer
Canadian Tire’s break with Hockey Canada shows it’s no longer just a store for guys
Retailer sees itself as an embodiment of national values that must also keep up with the times, strategist says Publishing date: Oct 17, 2022 • 18 hours ago • 5 minute read • 56 Comments Canadian Tire signage at a store in Oakville, Ont. Photo by Peter J. Thompson/National Post The stampede of sponsors running away… Continue reading Canadian Tire’s break with Hockey Canada shows it’s no longer just a store for guys
Recent Post
