If better-than-expected quarterly results from three of the nation’s biggest financial firms are any indication, there might be bargains lurking among bank stocks. JPMorgan Chase (JPM (opens in new tab), $112.92), Wells Fargo (WFC (opens in new tab), $43.89) and Citigroup (C (opens in new tab), $43.55) marked the unofficial opening of the third-quarter earnings… Continue reading Citigroup, Wells Fargo and JPMorgan Climb. Is It Time To Buy Bank Stocks Now?
This Week in Cannabis Investing: Booker Shows Support for SAFE Banking Act
A flurry of dialogue materialized from the House and Senate in response to President Joe Biden’s executive action last week to pardon thousands of federal marijuana convictions. Senator Cory Booker (D-New Jersey) and Senate Majority Leader Chuck Schumer (D-New York) seem to be changing their tone on the SAFE Banking Act. Previously, the two Democratic… Continue reading This Week in Cannabis Investing: Booker Shows Support for SAFE Banking Act
Kiplinger’s Weekly Earnings Calendar (Oct. 17-21)
Below is a weekly earnings calendar of the most important upcoming quarterly reports scheduled to be released by publicly traded companies. However, we have also provided expanded earnings previews for select companies. Please check back often. This earnings calendar is updated weekly. Monday (10/17)Tuesday (10/18)Wednesday (10/19)Thursday (10/20)Friday (10/21) (Editor’s Note: Earnings dates in tables are tentative.… Continue reading Kiplinger’s Weekly Earnings Calendar (Oct. 17-21)
US stocks fall to cap off rocky week as traders weigh bank earnings and stubbornly high inflation
Carla Mozée Grocery shopping in Rosemead, California on April 21, 2022. Frederic J. Brown/AFP/Getty Images US stocks fell Friday, giving up early gains and failing to build on the sharp rally that occurred in the previous session. Inflation expectations among consumers rose for the first time since March, data showed Friday. Top Wall Street banks… Continue reading US stocks fall to cap off rocky week as traders weigh bank earnings and stubbornly high inflation
BMO’s Brian Belski becomes latest bull to cuts his S&P 500 price target after inflation comes in hotter than expected
BMO’s Brian Belski is the last bull to cut his year-end price target for the S&P 500 amid high inflation.Belski now expects the S&P 500 to end 2022 at 4,300, which sets the index up for a year-end rally of 20%.”Although we have tempered our enthusiasm, we truly believe that stocks can and should rebound… Continue reading BMO’s Brian Belski becomes latest bull to cuts his S&P 500 price target after inflation comes in hotter than expected
Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
Elon Musk fueled speculation that Tesla could soon announce its first-ever stock buyback. Responding to a tweet from a top Tesla investor who said only a buyback or a doubling in profit could break the stock’s slump, Musk said “Noted.” Leo KoGuan, who says he is the third largest individual Tesla shareholder, has previously called for… Continue reading Elon Musk raises hopes for a Tesla stock buyback with a one-word tweet to 3rd-biggest shareholder
Stocks have further to fall after the market’s ‘bear hug’ rally as the Fed isn’t ready to pivot from its aggressive rate policy, Bank of America says
The Thursday rally in US stocks was a “bear hug” and not yet the start of a sustainable upswing in equities, Bank of America said Friday. The firm said the rally was ignited in a market that’s oversold and where investors are holding high levels of cash. The “Big Low” in the market is coming… Continue reading Stocks have further to fall after the market’s ‘bear hug’ rally as the Fed isn’t ready to pivot from its aggressive rate policy, Bank of America says
Billionaire investor Mark Mobius says stocks could stay buoyant amid Fed rate hikes and a possible recession
History shows that stocks can still make gains amid the Federal Reserve’s rate hikes, Mark Mobius said. The billionaire investor noted that the key is finding companies that have enough pricing power to weather high inflation. “But there’s no question that the Fed could go much much higher, and there could be a lot more… Continue reading Billionaire investor Mark Mobius says stocks could stay buoyant amid Fed rate hikes and a possible recession
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