Tesla stock “gets boring,” Bespoke Investment Group said after the EV maker’s update. Wall Street’s expectations for Tesla look more like those for a traditional carmaker and less like a disruptor, it said. Bespoke spotted the highest correlation between Tesla stock and other automakers since 2016. Loading Something is loading. Thanks for signing up! Access… Continue reading Tesla stock ‘gets boring’ as the market drills into the EV’s company metrics and treats it more like a traditional automaker, investment research firm says
Salesforce stock has 26% upside as Marc Benioff’s company shows resolve on ‘disciplined growth,’ Bank of America says
Bank of America adjusted its price target for Salesforce stock from $200 to $235 on Thursday. That represents about a 26% upside from the current price of $186. “Margin outlook reflects major step towards disciplined growth,” analysts said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Salesforce stock has 26% upside as Marc Benioff’s company shows resolve on ‘disciplined growth,’ Bank of America says
The stock market is about to get a signal to buy – and it’s ‘old economy’ sectors like materials that will be worth a look, Bank of America says
A buy signal is about to flash for stocks, Bank of America said Wednesday. The S&P 500 is hovering close to the firm’s year-end target of 4,000. Investors should take a look at “old economy” sectors like materials and energy. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading The stock market is about to get a signal to buy – and it’s ‘old economy’ sectors like materials that will be worth a look, Bank of America says
US stocks trade mixed after interest rates jump to the highest level since November
Matthew Fox Photo by TIMOTHY A. CLARY/AFP via Getty Images) US stocks ended mixed on Wednesday as the 10-year US Treasury yield jumped to levels not since November.Investors continue to fear the prospect of higher for longer interest rates as the Fed fights inflation.The inflation rate in Germany unexpectedly accelerated in February, raising fears that… Continue reading US stocks trade mixed after interest rates jump to the highest level since November
Billionaire investor David Einhorn says the Fed wants stock prices to go down and will hike rates higher than markets expect
Greenlight Capital’s David Einhorn said the Fed wants to knock stocks lower and will keep hiking rates. He sees today’s inflationary era as potentially caused by government spending and interest rates that have not gone high enough. Greenlight achieved a 36.6% return on 2022 investments. Loading Something is loading. Thanks for signing up! Access your… Continue reading Billionaire investor David Einhorn says the Fed wants stock prices to go down and will hike rates higher than markets expect
‘Big Short’ investor Michael Burry warns of ‘terrible consequences for America’ if student loans are forgiven
In a series of tweets, Michael Burry said there will be “terrible consequences” if student loans are forgiven. A bailout would lead to higher college tuition and only compound the debt crisis, he warned. The fund manager previously issued another grim warning around stocks by simply tweeting: “Sell.” Loading Something is loading. Thanks for signing… Continue reading ‘Big Short’ investor Michael Burry warns of ‘terrible consequences for America’ if student loans are forgiven
Key bond yields spike to their highest levels in 3 months as the strongest Chinese manufacturing report in a decade stokes new inflation fears
Bond yields soared Wednesday, extending this year’s jump in borrowing costs. The closely watched 10-year Treasury yield pushed above 4% for the first time since November. “Bond love” is at a 10-year high in recommended allocations, says Bank of America. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Key bond yields spike to their highest levels in 3 months as the strongest Chinese manufacturing report in a decade stokes new inflation fears
You can now make more money holding cash than a traditional stock-bond portfolio
Investors aren’t making as much money on the classic 60/40 strategy as holding short-term bonds. The mix of US equities and debt yields 5.07%, while yields on the six-month US Treasury hit 5.16% on Tuesday. Cash holdings haven’t paid out more than the 60/40 portfolio since 2001. Loading Something is loading. Thanks for signing up!… Continue reading You can now make more money holding cash than a traditional stock-bond portfolio
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