Secure Your Books
The way to scare away a bear, according to experts, is to make a lot of noise while rising up to make yourself appear bigger. Sure enough, a loud equity rally to start the year — amplified by ferocious gains in some of the riskiest and most-hated stocks — has indeed sent bears running and … Read more
Tech stocks on display at the Nasdaq. Peter Kramer | CNBC The Nasdaq just wrapped up its fifth straight week of gains, jumping 3.3% over the last five days. It’s the longest weekly winning streak for the tech-laden index since a stretch that ended in November 2021. Coming off its worst year since 2008, the … Read more
The Nasdaq MarketSite in New York, U.S., on Thursday, Feb. 3, 2022. Big technology earnings have prompted some extreme share price moves this season, with Wall Street’s expectations seemingly misaligned with company realities. Photographer: Michael Nagle/Bloomberg
Derivatives shops, used to clearing hundreds of billions of dollars in trades every day, found themselves in a dramatically different era this week: the old days of manually processing deals.
“Chinese companies are getting pretty competitive for iPhone assemblers. China is doing quite well in pretty much everything, except semiconductors,” Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC’s “Squawk Box Asia” Friday. CFOTO | Future Publishing | Getty Images Here are the notable stocks making moves after hours on Thursday, Feb. 2. Apple … Read more
Estee Lauder (EL) reported a stronger-than-expected second quarter for its fiscal 2023 on Thursday. But shares are down on a weaker view of the next quarter, as sellers focus too much on the near term and not enough on the nascent post-lockdown recovery in China. Revenue fell about 16.5% year-over-year, to $4.621 billion, beating analysts’ expectations … Read more
(Bloomberg) — The European Central Bank lifted interest rates by a half-point and pledged another such move before officials then take stock of where borrowing costs must go to tame inflation. Policymakers, as expected, raised the deposit rate to 2.5%, the highest since 2008. They warned that the most aggressive bout of monetary tightening in … Read more
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Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market perform from outperform JMP downgraded the stock mainly on valuation. “We are downgrading our rating on shares of Peloton from Market Outperform to Market Perform as Peloton reached our prior $16 price target while we leave our FY2024 estimates largely unchanged following … Read more
The investor who famously bet against the housing market ahead of the 2008 crash is known for his dire predictions.