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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.” »
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” »
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” »
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” »
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” »
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.” »
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” »
An unwind of the stock market’s best performing sectors had to happen eventually. And that may be just what this bear market ordered, according to Jonathan Krinsky, chief market technician at BTIG. Since June 8, energy, utilities and materials have been the S&P 500’s SPX, +0.22% worst-performing sectors, dropping 20%, 12% and 14% respectively, he … Read More “Energy and these 2 other sectors led the S&P 500. Now they’ve tanked. Here’s why that could be good for the stock market.” »
Another week of whipsaw stock trading has many investors wondering how much farther markets will fall. Investors have often blamed the Federal Reserve for market routs. It turns out the Fed has often had a hand in market turnarounds, too. Going back to 1950, the S&P 500 has sold off at least 15% on 17 … Read More “Stocks Historically Don’t Bottom Out Until the Fed Eases” »
Updated June 20, 2022 3:57 am ET International stocks were mixed Monday as investors responded to conflicting signals about the economy, while U.S. markets were closed for the public holiday. The three major indexes finished last week with sharp losses. The S&P 500 fell 5.8% for the week, its largest decline since the Covid pandemic roiled … Read More “Global Stocks Mixed; U.S. Market Shut” »
