U.S. stocks applauded the surprise resignation of Liz Truss as traders bet the exit of the shortest-serving prime minister in British history would restore a measure of calm to the U.K. currency and bond markets. Truss said on Thursday she would resign as British prime minister, brought down just six weeks into the job by… Continue reading Truss-tastrophe! Markets Rise on PM Step-Down
Are Stocks Cheap Enough to Start Buying?
The S&P 500 Index is down more than 22% for the year-to-date, putting it on track for its worst annual return since the 2008 financial crisis. This has many wondering if stocks are cheap enough to start buying? Barron’s recent Big Money poll (opens in new tab) surveyed money managers about their outlook for stocks… Continue reading Are Stocks Cheap Enough to Start Buying?
Stock Market Today: Stocks Fall as Bond Yields Climb
Stocks closed lower Wednesday as rising government bond yields offset a round of well-received corporate earnings reports. On the earnings front, Netflix (NFLX) stock rallied 13.1% after the streaming giant unveiled better-than-expected third-quarter results and gave details on its planned crackdown on password sharing. Additionally, “Netflix’s ad-supported tier, the launch of which has been moved… Continue reading Stock Market Today: Stocks Fall as Bond Yields Climb
Netflix Stock: Are Better Times Ahead?
It appears that reports of Netflix’s (NFLX (opens in new tab), $275.13) demise were greatly exaggerated. Netflix stock gapped up more than 15% in early Wednesday’s trading after the streaming leader easily topped both Wall Street’s and its own forecast for subscriber growth. The market pretty much always overreacts, both to the upside and downside,… Continue reading Netflix Stock: Are Better Times Ahead?
Is It Time for Retirees to Break Up With Bonds?
Investors who are nearing or already in retirement have long been urged to shift the bulk of their investment savings from equities to bonds. The idea is simple (and you’ve likely heard this advice many times): You buy stocks when you’re willing — or can tolerate — exposure to volatility in exchange for a potentially… Continue reading Is It Time for Retirees to Break Up With Bonds?
10 Best Stocks You’ve Never Heard Of
published 18 October 2022 An important advantage retail investors have over institutional buyers when seeking out the best stocks to buy is the ability to find undiscovered gems, which are generally too small for fund managers to hold. Institutions invest billions of dollars at a time and are thus reluctant to buy thinly traded equities… Continue reading 10 Best Stocks You’ve Never Heard Of
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