Times News Network
Text size RBC now sees the S&P 500 rise to 4,700 by the end of the year. SNEEZE The S&P 500 has just got a new lower price target. But that does not mean that investors need to panic – at least not right away. Strategists at RBC Capital Markets are now watching S&P 500 … Read More “S&P 500 gets a new price target. What it means for the market.” »
Text size Analyst Pamela Kaufman lowered her price target to $ 50 from $ 54. Illustration by Joel Arbaje Altria Group the stock fell on Wednesday after Morgan Stanley warned of rising headwinds for the cigarette industry. Analyst Pamela Kaufman downgraded her rating of the cigarette company to Underweight from Equal Weight and lowered her … Read More “Altria Stock is downgraded by Morgan Stanley. Gas prices are partly to blame.” »
Text size Intel Dreamstime Shares of Intel fell on Wednesday when Citi said its bear case scenario “takes shape even earlier” than expected. Analyst Christopher Danely reiterated a neutral rating on the stock and now expects Intel (ticker: INTC ) to negatively pre-announce or miss second-quarter guidance, given management’s comments at a Bank of America … Read More “Intel Bear Case comes ‘Even earlier’ than expected. Analyst remains neutral.” »
When Hao Jia received an email from Coinbase that his job offer had been withdrawn, he was on his way to see “Top Gun: Maverick,” the big movie starring Tom Cruise. Jia’s girlfriend had asked him to see it for her because she was in China, where the film has not been released, and could … Read More “‘I thought it was a sick joke’: They gave up other job offers to work for Coinbase and are now unemployed” »
Text size Alibaba and other Chinese technology stocks have been put down under regulatory pressure. Greg Baker / AFP via Getty Images Alibaba and other Chinese technology stocks roared louder Wednesday as a wave of video game approvals from regulators in China boosted sentiment in the sector. China’s gaming regulator on Tuesday turned green on … Read More “Alibaba stock jumps to 2-month high. Thanks for the video game.” »
The double whimsy of rising mortgage rates and soaring house prices has led to “collapsed” affordability in America, according to Chris Flanagan’s team at Bank of America Global Research. The situation has become so dire that it can now be compared to the “historically low readings” of the fourth quarter of 1987 and the first … Read More “Affordability in housing has ‘collapsed’ in 2022 and that is the next thing one can expect, according to Bank of America” »
Investors are once again working up to bet against GameStop and AMC about 18 months after last January’s infamous “meme stock” short squeeze sent GameStop shares up more than 1,000%. That move was so sharp that it eventually got Robinhood HOOD, -4.28% and other retail brokerage firms to restrict trading – a decision that led … Read More “Short sellers raise bets against GameStop and AMC to the highest level in a year as Wall Street sees more pain ahead” »
Everyone wants to know when the stock market, after its recent downturn, will be a good value again. The thought-provoking news is that even at its lowest point in mid-May, the S&P 500 index was not even close to being undervalued according to any of the eight valuation models that my research shows have the … Read More “Are stocks still undervalued? – WSJ” »
Text size Delta Air Lines told investors that revenue would finally return to 2019 levels, amid strong travel demand. Brandon Bell / Getty Images The trend is your friend, or so they say. But right now, there is no trend you can trust. Consider the stock market over the past holiday shortened week. Through the … Read More “The stock market is setting a new price. It will not be comfortable.” »
Text size The price of oil has been steadily rising, while it has made higher highs and higher lows. Xiaomin Wang / Dreamstime.com Oil could be heading for $ 150 per barrel. That may not be good for the economy, but it would be good news for energy stocks. Crude oil prices had been under … Read More “If the oil continues to rise, these 5 stocks could benefit” »
