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Former growth stocks can become outstanding value plays, according to Bank of America. Its Research Investment Committee says 16 stocks in particular are cheap after a major “reset.” It says they can deliver strong returns because of their balance sheets and competitive positions. A lot of high-growth former stock market favorites have lost their shine… Continue reading Buy these 16 stocks that are minting profits from their investments while maintaining ultra-low valuations, Bank of America says

Oil benchmarks could pass $115 a barrel by the end of the first quarter of 2023, according to Goldman Sachs’ Jeff Currie. Tightening supply will drive crude prices higher, the bank’s head of commodities research said. Currie added that OPEC+ members have given themselves “optionality” to raise oil production if demand climbs. Loading Something is… Continue reading Tightening oil supply will drive crude oil prices to $115 a barrel by April, Goldman Sachs strategist says

Morgan Stanley’s Mike Wilson expects the Federal Reserve to end its tightening campaign soon. That could lift the S&P 500 by 6% to 4,150 points, according to Wilson. The next Fed meeting is “critical for the rally to continue, pause or even end completely,” he said. Loading Something is loading. Thanks for signing up! Access… Continue reading Morgan Stanley’s Mike Wilson says the Fed will pivot from interest rate hikes ‘sooner rather than later’ to help stocks rally by his predicted 6%

Stocks in Hong Kong fell nearly 7% to 14-year lows as investors worried about China’s economic recovery. Analysts say newly re-elected President Xi Jinping’s consolidation of power risks a policy mistake. China’s GDP growth data Monday showed a bigger rebound than expected, but failed to cheer investors. Loading Something is loading. Thanks for signing up!… Continue reading Hong Kong stocks tank to 14-year low as re-elected Xi’s reshuffle sparks worries about China’s economic recovery

Goldman Sachs downgraded its UK growth forecast, and now expects the country’s economy to shrink 1% next year. UK prime minister Liz Truss resigned Thursday after her tax cut plans rattled markets. Tighter financial conditions and tax rises will plunge the UK into a recession, strategists said. Loading Something is loading. Thanks for signing up!… Continue reading Economic U-turns will plunge the UK into an even deeper recession than previously predicted, Goldman Sachs says

Tom Brickman, 40, is a real estate investor who works with a lot of fixer-uppers.  His biggest job was cleaning out the 4-bedroom home of someone with a hoarding disorder. He profited $100,000 but will never do it again because of how exhausting and risky the work is. Value-add investors may fantasize about a deal… Continue reading A 40-year-old real estate investor who rehabbed a distressed property and raised its value by over $100,000 says it was his most financially successful project. Here’s why he’ll never do it again.

The pound hit an all-time low last week as the new UK government’s tax-cut plans spooked markets. The strong US dollar is a big factor — but Brexit’s hit to the UK economy set the stage for the rout. Brexit rattled faith in the UK as a safe bet, and the abrupt tax cuts have… Continue reading The pound just hit an all-time low — but it’s not just dollar strength. Here’s how Brexit is at the root of the market rout.

FedEx shares sank over 19% early Friday after the delivery giant scrapped its financial guidance for the year. It now calls for much lower quarterly profit due to the speed of worsening in the global economy. The economic bellwether will close 90 offices, freeze hiring and keep aircraft on the ground. Loading Something is loading.… Continue reading FedEx shares sink over 19% after the delivery giant ditches its earnings outlook and warns of a worsening global economy