Tag: Commodity/Financial Market News

The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’

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Business News

This month we’ve received both good and bad news from the “single greatest predictor of future stock market returns.” I’m referring to the indicator, first proposed by the Philosophical Economics blog in 2013, based on the average household’s portfolio allocation to equities. It is a contrarian indicator, with higher equity allocations associated with lower subsequent … Read More “The stock market’s return will be minus 3.3% a year over the next decade, says this ‘single greatest predictor’” »

6 Oil Stocks That Can Buck Increased Bearishness

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Business News

Text size An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas. Joe Raedle/Getty Images Oil prices have fallen 10% this month, and stocks have been sinking with them. In fact, shares of energy stocks in the S&P 500 are down 22% since their recent peak on June 8. On Friday, … Read More “6 Oil Stocks That Can Buck Increased Bearishness” »

Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.

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Business News

Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Getty Images Despite what CEO Warren Buffett has called its Fort Knox balance sheet with over $100 billion in cash, Berkshire Hathaway hasn’t … Read More “Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.” »

Rite Aid Stock Gains on Boost to Revenue Forecast, Smaller Loss Than Expected

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Business News

Text size Rite Aid stock had lost more than half of its value from the start of the year through the close on Wednesday. Justin Sullivan/Getty Images Rite Aid stock is up in Thursday premarket trading after the pharmacy retailer raised its forecast for revenue and reported a first-quarter loss that was smaller than expected. … Read More “Rite Aid Stock Gains on Boost to Revenue Forecast, Smaller Loss Than Expected” »

This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks

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Business News

By now even the most ardent tech and growth-stock enthusiasts realize the bull market is over. John Kornitzer’s approach to selecting high-quality stocks for the Buffalo Flexible Income Fund is one that has worked well during the bear market. High inflation, uncertainty in so many industries amid supply-chain issues and labor shortages, the Federal Reserve’s … Read More “This dividend fund is down 3% vs. S&P’s 20% drop. Here are its top stock picks” »

Biden Proposes Gas Tax Suspension. That’s Not Why Oil Prices Are Falling.

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Business News

Text size Crude prices fall as the Biden administration takes more steps to try to lower gasoline prices. Mario Tama/Getty Images Oil prices were falling Wednesday as President Joe Biden prepared to ask Congress to temporarily suspend the federal tax on gasoline. Biden is calling on lawmakers to lift the federal tax on gas for … Read More “Biden Proposes Gas Tax Suspension. That’s Not Why Oil Prices Are Falling.” »

Dow Futures Sink on Recession Fears, Ahead of Powell Testimony

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Business News

Text size People walk along Wall Street, near the New York Stock Exchange in New York. ED JONES/AFP via Getty Images Stock futures fell Wednesday, eating into a good chunk of the previous session’s gains, as investors went back to worrying that the Federal Reserve’s aggressive plans to tighten monetary policy could lead the U.S. … Read More “Dow Futures Sink on Recession Fears, Ahead of Powell Testimony” »

Stock market is not fully pricing in a looming recession, say Morgan Stanley and Goldman Sachs

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Business News

The price is not right. That’s the verdict from strategists at Morgan Stanley and Goldman Sachs, who each warned as a new week kicked off that the stock market wasn’t fully pricing in a recession. And that’s as U.S. equities SPX, +2.48% were off to a solid start as trading resumed after Monday’s Juneteenth holiday. … Read More “Stock market is not fully pricing in a looming recession, say Morgan Stanley and Goldman Sachs” »

Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.

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Business News

Look out above, the dip buyers are back in town. Stock futures are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read More “Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.” »

Dow Futures Surge as Wall Street Rebounds From Last Week’s Steep Selloff

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Business News

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 493 points, or 1.7%, to 30,365, S&P … Read More “Dow Futures Surge as Wall Street Rebounds From Last Week’s Steep Selloff” »

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