The combined weighting of Apple and Microsoft in the S&P 500 has grown to about 13.3%. That’s the most that two stocks have dominated the index since 1978, the Wall Street Journal said. Shares of the tech giants have surged as investor seek safety amid the bank crisis. Loading Something is loading. Thanks for signing… Continue reading The S&P 500 hasn’t been this dependent on just 2 stocks since 1978 as Apple and Microsoft become havens
Nvidia stock could soar as the chipmaker’s dominant position in AI is poised to reshape the tech industry, Bank of America says
Bank of America raised its price target for Nvidia, citing the firm’s dominant position in AI. The bank said the company has an opportunity to help accelerate the adoption of AI across many markets. Analysts said their view is echoed by some of the largest players in tech as they seek to expand in AI. … Continue reading Nvidia stock could soar as the chipmaker’s dominant position in AI is poised to reshape the tech industry, Bank of America says
Expectations for the Fed’s next rate hike this month have posted the biggest swings since the start of the pandemic
Pricing in Fed fund futures was “on a wild ride” this month before the FOMC meeting. Bespoke Investment Group says the spread in Fed funds futures in March was the widest since the pandemic started. A banking crisis sparked by SVB’s failure was a major factor in moving expectations for the Fed’s next move. Loading… Continue reading Expectations for the Fed’s next rate hike this month have posted the biggest swings since the start of the pandemic
US stocks jump as investors prepare for interest rate decision from the Fed
US stocks jumped as investors await the Fed’s monetary policy decision on Wednesday. The central bank is expected to hike rates 25 basis points as inflation remains high. Bank stocks rallied as Treasury Secretary Janet Yellen said deposit insurance could expand. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading US stocks jump as investors prepare for interest rate decision from the Fed
Meta stock could surge 25% as TikTok rival Reels and engagement show improvement, Morgan Stanley says
Morgan Stanley upgraded Meta stock to overweight and raised its price target to $250 from $190. It cited the company’s efficiency, revenue and Reels engagement as contributing factors. The new price target represents 25% upside from current levels. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading Meta stock could surge 25% as TikTok rival Reels and engagement show improvement, Morgan Stanley says
Nouriel Roubini and Jeremy Grantham sound the alarm for stocks in a new documentary. Here are the bearish market pros’ best quotes.
Jeremy Grantham and Nouriel Roubini are well known for their bearish views on the market and economy.In a new PBS documentary about the Fed’s decade of cheap money, Grantham and Roubini ring the alarm for stocks.These are Grantham’s and Roubini’s top quotes from the Age of Easy Money. Loading Something is loading. Thanks for signing… Continue reading Nouriel Roubini and Jeremy Grantham sound the alarm for stocks in a new documentary. Here are the bearish market pros’ best quotes.
Billionaire investor Nelson Peltz says money flying out of banks is dangerous. Here’s his idea for the Fed that he says will stop more bank runs
Nelson Peltz sees a way to stop customers from yanking money from small banks following SVB’s implosion. Depositors who want their accounts covered beyond the FDIC’s $250,000 limit could pay a premium. For example, customers could pay a small percentage of their CD rates, he told CNBC on Monday. Loading Something is loading. Thanks for… Continue reading Billionaire investor Nelson Peltz says money flying out of banks is dangerous. Here’s his idea for the Fed that he says will stop more bank runs
US stocks jump as traders hope worst of banking crisis has passed
US stocks closed higher Monday as investors tried to navigate uncertainty in the banking system. UBS’ takeover of Credit Suisse over the weekend cooled some fears of a wider crisis. Morgan Stanley said recent bank failures mark what’s likely to be a “vicious” end to the bear market. Loading Something is loading. Thanks for signing… Continue reading US stocks jump as traders hope worst of banking crisis has passed
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