Beaten down META stock popped on Friday after shares in Facebook (opens in new tab) parent Meta Platforms (META (opens in new tab)) caught an upgrade from a prominent Wall Street analyst. JPMorgan’s Doug Anmuth raised his rating on META stock to Overweight (the equivalent of Buy) from Neutral (Hold), and he raised his target… Continue reading META Stock Gets Another Wall Street Upgrade
Bank of America says a recession is likely in the 1st quarter of 2023 – and recommends investors buy stocks in these 3 areas
Bank of America expects a recession in the first quarter of 2023, according to a recent client note. Economists for the bank say the Fed’s recent 50-basis-point rate hike did little to change an imminent slowdown scenario. BofA also highlighted three stock-market areas to watch if a recession does strike. Loading Something is loading. Thanks… Continue reading Bank of America says a recession is likely in the 1st quarter of 2023 – and recommends investors buy stocks in these 3 areas
Here’s why a recession is essential to the bullish outlook for the stock market in 2023
A recession will be necessary to drive upside in the stock market, according to DataTrek Research.That’s because a shallow recession could drive aggressive cost cutting at companies, helping boost profits in 2024.”It is harder to make the case for S&P 4,800 if we do not see a US/global recession next year,” DataTrek said. Loading Something… Continue reading Here’s why a recession is essential to the bullish outlook for the stock market in 2023
Former SEC chair Jay Clayton says he’s optimistic about crypto in the wake of FTX’s collapse — and breaks down 3 ways regulation can deter bad behavior
Former SEC chair Jay Clayton is still optimistic about crypto’s potential despite the FTX chaos. Clayton touted “the promise of distributed ledger technology,” in an interview with Goldman Sachs. The former SEC chief also broke down three ways regulators can better police the space. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Former SEC chair Jay Clayton says he’s optimistic about crypto in the wake of FTX’s collapse — and breaks down 3 ways regulation can deter bad behavior
Binance, the world’s biggest crypto exchange, is now under intense scrutiny after the FTX debacle. Here are 5 things you need to know.
Investors are worried that cracks are starting to appear at Binance after the shocking collapse of FTX. The crypto exchange giant faces questions about its reserves, and it is under investigation by the DOJ. As the crypto market lose confidence in the exchange, its CEO warned staff of “bumpy” times ahead. Loading Something is loading.… Continue reading Binance, the world’s biggest crypto exchange, is now under intense scrutiny after the FTX debacle. Here are 5 things you need to know.
Stock Market Today: Economic Data, Hawkish Fed Drag Stocks Lower Again
It was a terrible end to a terrible week, with markets suffering another big loss on Friday. Recession fears continue to mount, with today’s services and manufacturing data only adding to concerns over a slowing economy. And hawkish talk from Federal Reserve officials only reinforced Fed Chair Jerome Powell’s message from Wednesday’s press conference that… Continue reading Stock Market Today: Economic Data, Hawkish Fed Drag Stocks Lower Again
Will the SAFE Banking Act Get Passed in 2022? This Week in Cannabis Investing
At Poseidon, we’ve long been proponents of the SAFE Banking Act, legislation that will improve cannabis companies’ access to finance. The importance of SAFE lies more in what it represents for small businesses and possible changes at the federal level. The SAFE Banking Act is an unsophisticated bill that should have passed a long time… Continue reading Will the SAFE Banking Act Get Passed in 2022? This Week in Cannabis Investing
Wall Street Upgrades Facebook: Why META Stock Is a Bargain Buy
Beaten down META stock popped on Friday after shares in Facebook (opens in new tab) parent Meta Platforms (META (opens in new tab)) caught an upgrade from a prominent Wall Street analyst. JPMorgan’s Doug Anmuth raised his rating on META stock to Overweight (the equivalent of Buy) from Neutral (Hold), and he raised his target… Continue reading Wall Street Upgrades Facebook: Why META Stock Is a Bargain Buy
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