Bearishness among retail investors reached its highest since June after the last CPI report, Vanda Research says. Individual investors appear to be raising their allocation to money market funds and cash. The cohort is likely increase net buying of speculative assets over the next two weeks if the S&P 500 can sustain a rally. Loading… Continue reading Retail investors are the most bearish they’ve been in months after September’s inflation shock, but a rebound in the S&P 500 would spark new buying spree, research firm says
Tesla’s is at a ‘fork in the road’ as EV competition heats up. Here’s what the company’s 3rd-quarter earnings have to show to woo investors, according to Wedbush.
Tesla has reached a “fork in the road” moment as the company faces growing competition, Wedbush said.Analyst Dan Ives believes the company needs to assure investors that it can hit its long-term delivery growth target of 50%.”In the eyes of investors, patience is wearing extremely thin as the long-term vision and robot talk is not… Continue reading Tesla’s is at a ‘fork in the road’ as EV competition heats up. Here’s what the company’s 3rd-quarter earnings have to show to woo investors, according to Wedbush.
The stock market is on a ‘rollercoaster to nowhere’, and the full effect of tighter financial conditions has not yet been felt, Morgan Stanley investment chief says
Stocks are on a “rollercoaster to nowhere,” Morgan Stanley Wealth Management’s Lisa Shalett said. Investors are too impatient, Shalett said, and have no tolerance for pain. That’s preventing stocks from bottoming out, pushing estimates for 2023 and 2024 lower, she warned. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading The stock market is on a ‘rollercoaster to nowhere’, and the full effect of tighter financial conditions has not yet been felt, Morgan Stanley investment chief says
The US economy will hit ‘genuine recession territory’ in the spring, but strong consumer finances will help keep it mild, Fitch says
Fitch expects the US economy will enter a mild recession in the second quarter of 2023. The ratings agency said the upcoming recession will be to the one that occurred in 1990-1991. The aggregate household balance sheet remains resilient as real estate wealth helps offset some stock losses, Fitch said. Loading Something is loading. Thanks… Continue reading The US economy will hit ‘genuine recession territory’ in the spring, but strong consumer finances will help keep it mild, Fitch says
US stocks end higher after paring gains sharply in volatile trade as rally continues
US stocks closed higher Tuesday after paring gains in a volatile trading session. Strong earnings reports from Goldman Sachs and Johnson & Johnson helped fuel early bullishness. Earnings season will continue Wednesday, highlighted by Tesla’s quarterly report. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re… Continue reading US stocks end higher after paring gains sharply in volatile trade as rally continues
EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
The EU ramped up its purchases of Russian LNG this year, as Moscow slashes gas supplies via pipeline. Imports of Russian LNG totaled 15 billion cubic meters through September, up 50% from last year. Europe is scrambling to replace slashed pipeline flows through LNG purchases, which have allowed Moscow to pull in hefty amounts of… Continue reading EU ramps up Russian LNG purchases by 50% this year as Moscow cuts off natural gas pipeline supplies
Target shares could climb 24% as the retailer steers through economic and inventory challenges, Jefferies says
Target shares rose Tuesday after Jefferies said it sees big upside in the retailer’s stock price. The company was upgraded to a buy rating, with a price target of $185, or roughly 20% above current levels. Jefferies also rated Walmart a buy and sees both companies outperforming amid economic challenges. Loading Something is loading. Thanks… Continue reading Target shares could climb 24% as the retailer steers through economic and inventory challenges, Jefferies says
Investors likely used shady methods to move $45 billion out of China as the yuan continues its decline
China is seeing huge volumes of cash leave its financial markets as the yuan declines against the dollar. In the first six months of the year, China saw a net $101 billion in outflows from stocks, bonds and direct investment. China labeled $45.2 billion in outflows as “errors and omissions,” which likely indicates illegal or… Continue reading Investors likely used shady methods to move $45 billion out of China as the yuan continues its decline
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