US stocks reverse course to close higher even as 10-year Treasury hits 3% and Fed rate hike looms

The Nasdaq jumped more than 1.5% on Monday despite trending lower for most of the day as interest rates surged.The US 10-year Treasury yield hit 3.00% for the first time since 2018 as the Fed is set to raise interest rates by 50 basis points on Wednesday.First-quarter earnings results continue to roll-in, and 77% of… Continue reading US stocks reverse course to close higher even as 10-year Treasury hits 3% and Fed rate hike looms

Warren Buffett and Charlie Munger called out stock-market gamblers, dismissed bitcoin as worthless, and underlined the risks of inflation. Here are their 12 best quotes from Berkshire Hathaway’s annual meeting.

Warren Buffett and Charlie Munger spoke during Berkshire Hathaway’s annual meeting on Saturday. The billionaire investors flagged widespread “gambling” on stocks, and slammed bitcoin as worthless. Buffett and Munger also discussed inflation, Robinhood, the pandemic, and the risks of speaking up. Loading Something is loading. Warren Buffett and Charlie Munger called out the feverish speculation… Continue reading Warren Buffett and Charlie Munger called out stock-market gamblers, dismissed bitcoin as worthless, and underlined the risks of inflation. Here are their 12 best quotes from Berkshire Hathaway’s annual meeting.

An embargo on Russian oil would trigger a recession in Europe and investors are underpricing disruptions to energy supplies, Barclays says

An EU embargo on Russian energy products puts Europe at risk of recession, Barclays said this week.  A deep recession sending GDP down 5 percentage points would occur if an embargo comes with gas rationing.  A widespread disruption to Russian gas flows is a credible risk that appears under-priced in the credit market.  Loading Something… Continue reading An embargo on Russian oil would trigger a recession in Europe and investors are underpricing disruptions to energy supplies, Barclays says

Energy stocks are still underappreciated as the best equity investment right now amid soaring commodity prices and slowing supply, JPMorgan says

Energy stocks remain the best equity investment as commodity prices continue to rise, JPMorgan said.The bank sees rapid earnings growth and a multiple re-rating driving energy stocks higher.”Energy is the only sector that is seeing its quality, growth, and momentum scores improve simultaneously,” JPMorgan said. Loading Something is loading. Despite the massive gains in 2021… Continue reading Energy stocks are still underappreciated as the best equity investment right now amid soaring commodity prices and slowing supply, JPMorgan says

Recession risks are rising and investors need to play defense, according to Bank of America. Here’s how they should set their portfolios.

The US economy shrank in the first quarter, adding new weight to worries about a possible recession. Savita Subramanian of Bank of America shares how investors can take a more defensive approach. She says growth is slowing and profit margin pressures are rising, but consumer spending is strong. Fears of a recession have been simmering… Continue reading Recession risks are rising and investors need to play defense, according to Bank of America. Here’s how they should set their portfolios.

Warren Buffett discussed Apple, Activision Blizzard, bitcoin, and inflation during Berkshire Hathaway’s annual meeting. We live-blogged the event.

Warren Buffett’s Berkshire Hathaway hosted its annual shareholder meeting on Saturday. Buffett discussed inflation and the pandemic, and revealed he boosted his Apple stake last quarter. Follow along for live updates from the meeting. Loading Something is loading. Warren Buffett’s Berkshire Hathaway hosted its annual shareholder meeting in person this weekend for the first time in… Continue reading Warren Buffett discussed Apple, Activision Blizzard, bitcoin, and inflation during Berkshire Hathaway’s annual meeting. We live-blogged the event.