Markets

Salesforce fell 6% on Monday after Insider reported that executive Steward Butterfield is departing the company.Butterfield’s exit from Slack marks the third high-profile executive departure in less than a week.Salesforce co-CEO Bret Taylor announced his resignation last week, which was soon followed up by the exit of Mark Nelson of Tableau. Loading Something is loading.… Continue reading Salesforce drops 6% after Slack CEO Stewart Butterfield becomes 3rd high-profile management departure in less than a week

The character of the stock market is changing as inflation starts to fall “like a rock,” according to Fundstrat’s Tom Lee.A drop in inflation would offer the market numerous rallies to keep momentum into year-ed, Lee said.These are the types of stocks that see short-term upside if inflation continues to fall, according to Lee. Loading… Continue reading Here are the kinds of stocks set to rally as the stock market changes its character amid inflation ‘falling like a rock’, according to Fundstrat’s Tom Lee

Stocks are fairly valued, and it’s no time to be a “big bear” about the stock market, according to Paul McCulley. The former PIMCO chief economist pointed to overvalued areas of the market cooling off, as well as cooling economic data. That makes a soft landing or a growth recession likely, McCulley said, contrary to… Continue reading Stocks are trading at a fair valuation, and it’s not time to be bearish as the market has deflated and the Fed is on track for a soft landing, former PIMCO chief economist says

Tesla could trim production by 20% for its Shanghai factory, Bloomberg reported on Monday. Shares for the electric vehicle-maker slipped as much as 6% intraday. Tesla China told Reuters that media reports on Shanghai production cuts were “untrue.” Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading Tesla stock slides on reports that the electric-vehicle maker’s Shanghai factory may cut back production

Stocks could perform well despite an inverted yield curve, Leuthold’s Jim Paulsen said. Paulsen noted that previous inversions saw a gain in the S&P 500 over the following years five out of nine times. The S&P 500 may also have already discounted future headwinds, making losses from here minimal. Loading Something is loading. Thanks for… Continue reading Here’s why the inverted yield curve isn’t as bad for the stock market as many fear, Leuthold Group’s Jim Paulsen says

Despite the overwhelmingly bearish stock market commentary towards 2023, there is still one factor that could drive upside.Bank of America’s bull case scenario sees the S&P 500 surging 16% to 4,600 by the end of 2023.”Wall Street is bearish, which is bullish,” BofA’s Savita Subramanian said in her 2023 outlook. Loading Something is loading. Thanks… Continue reading The stock market has one bullish factor to lean on heading into 2023, and it could help drive a 16% rally next year, Bank of America says

Brent crude could climb as high as $110 per barrel in 2023, according to Bank of America.  Analysts wrote in a note on Thursday that a price cap on Russian oil remains an upside risk.  The note outlines other key risks, including OPEC members like Iraq and Libya.  Loading Something is loading. Thanks for signing… Continue reading Oil prices may hit $110 a barrel in 2023 but Russia risk could ‘turbocharge’ them even higher, BofA says

George Glover Bill Ackman is shorting the Hong Kong dollar for his latest trade. Richard Drew/AP Billionaire investor Bill Ackman is shorting the Hong Kong dollar for his latest trade. It’s a ‘smart lottery ticket’ bet that the currency’s dollar peg will break as interest rates rise, veteran trader Boaz Weinstein said. From making $2.6… Continue reading Bill Ackman’s latest short is a ‘smart lottery ticket’ bet against the Hong Kong dollar – here are 7 of his biggest trades