Animal spirits have returned to the stock market as investors again pile into high-risk names.Carvana, for example, has soared nearly 700% year-to-date even as it navigates a precarious financial position.”Meme-type stocks have been catching a bid of late, which paints a bullish picture of general market conditions,” DataTrek Research said. Loading Something is loading. Thanks… Continue reading Investors are once again chasing some of the most speculative names in the stock market
Home foreclosures jumped 13% in the first half of 2023 to the highest level since before the pandemic
Foreclosures jumped 13% year-over-year in the first half of 2023, real estate data firm ATTOM reported. Foreclosures are ticking higher after being paused for much of the pandemic. However, foreclosure activity in the second quarter was still 65% below pre-recessionary averages. Loading Something is loading. Thanks for signing up! Access your favorite topics in a… Continue reading Home foreclosures jumped 13% in the first half of 2023 to the highest level since before the pandemic
Bond Basics: Pick Your Type
Bonds can help diversify your investment plan. They tend to be less volatile and less risky than stocks, and when held to maturity, can offer more stable and consistent returns. Bonds are IOUs issued by corporations, federal, state and local governments and their agencies. When you buy a bond, you become a creditor of the… Continue reading Bond Basics: Pick Your Type
Stock Market Today: Falling Inflation Sparks Rally in Tech Stocks
The latest inflation data lit a fire under stocks Wednesday, with all three major indexes closing solidly higher. Data from the Bureau of Labor Statistics showed that consumer prices rose at their slowest pace in two years, though this did little to lower expectations of another quarter-point rate hike coming down the pike. Taking a… Continue reading Stock Market Today: Falling Inflation Sparks Rally in Tech Stocks
Best Financial Stocks to Buy
For investors on the hunt for value, financial stocks may look alluring. This is due to their current downtrodden state following the regional banking crisis from earlier this year. But tread carefully. Financial stocks are lagging in 2023, with the Financial Select Sector SPDR ETF (XLF) flat on a year-to-date basis vs a more than… Continue reading Best Financial Stocks to Buy
Stock Market Today: Markets Rise Ahead of CPI; Activision, Amazon Stocks Outperform
Stocks closed higher Tuesday as investors prepared for the latest inflation update and the start of second-quarter earnings season. But while price action across the major indexes was relatively muted, Activision Blizzard (ATVI) climbed the charts after Microsoft’s (MSFT) proposed acquisition of the video game maker cleared a major regulatory hurdle. Today’s gains for… Continue reading Stock Market Today: Markets Rise Ahead of CPI; Activision, Amazon Stocks Outperform
Paul Krugman says a soft landing now looks ‘amazingly within reach’ after inflation report
Consumer inflation data strongly indicates the US is on its way to a soft landing, Paul Krugman said. That means the economy could see normal levels of inflation without a spike in unemployment. On Wednesday, CPI data showed prices rose 3% in June from a year ago, down from 2022’s peak of 9%. Loading Something… Continue reading Paul Krugman says a soft landing now looks ‘amazingly within reach’ after inflation report
XRP soars 61% after a judge says the cryptocurrency is not a security in a big win over the SEC
XRP soared as much as 61% on Thursday after a US judge said certain aspects of the sale of the token did not break federal securities laws.The SEC had sued Ripple for the sale of its XRP token in 2020 for the failure to register XRP as a security.Crypto related stocks like Coinbase and Riot… Continue reading XRP soars 61% after a judge says the cryptocurrency is not a security in a big win over the SEC
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