Shares are ready for a jump higher after the S&P 500 closes over the bear market

Text size Dreamstime The stock market was terribly close to ending Friday in a bear market, at least 20% from its peak in early January. Many investors would like to see it get there so Wall Street could put it aside and start the work of moving up. Mark Newton, head of technical strategy at … Read more

Here’s the real reason why the stock market is not sticky – and it’s not because of weak earnings

An earnings recession is not the biggest threat that the stock market is facing right now. It may seem like a strange claim to make in a week where the biggest retailers are reporting disappointing earnings and retail stocks are being hit. In fact, contracting P / E multiples is the big culprit. To show … Read more

Novavax receives a sales rating. It has a Covid vaccine problem, analysts say.

Text size A healthcare professional is preparing a dose of Nuvaxovid vaccine. Jeroen Jumelet / ANP / AFP via Getty Images Novavax the stock fell on Friday after receiving a sales equivalent rating – the first since December 2020 and the only one from Wall Street. Bank of America Securities analyst Alec Stranahan began coverage … Read more

The technician, who called the 2020 market bottom, says a ‘shocking rally’ is on the way

It has been a terrible week in a terrible year for the stock market. Walmart WMT, -2.74%, Target TGT, -5.06%, and Tencent 700, +3.53% each reported disappointing results to add fuel to concerns about rate hikes and quantitative easing. But apart from Melvin Capital, there have been no signs of capitulation. Over the past six … Read more

Ross Store’s stock plunges as retail problems hit earnings

Text size The off-price retailer said that although the quarter started strong, sales then weakened, Justin Sullivan / Getty Images Ross stores fell by double-digit after hours after the off-price retailer’s first-quarter results. Earnings, revenue and sales in the same store all fell below Wall Street’s expectations. Ross (ticker: ROST) said it earned 97 cents … Read more

Consumers are not ok. Why April retail sales are misleading.

Walmart sales rose in the first quarter from a year ago, but flat transaction figures suggest inflation was driving growth. Here, a Walmart in San Leandro, California, last year. David Paul Morris / Bloomberg Text size The latest retail sales report undermined fears of recession. It should not. When data showed April sales for U.S. … Read more

Amazon stock plunges in the wake of Target, Walmart debacles. This is why.

Text size Things can get worse at a rapid pace for Amazon. Cindy Ord / Getty Images Amazon . com shareholders have just received another reality check from Walmart and Goal . The surprising inability of two major U.S. retailers to stem inflationary pressures – along with growing evidence of weakened purchasing behavior – means … Read more

Next big shoe to fall in financial markets: Inflation not responding to Fed rate hikes

Traders, investors and strategists add another factor to the list of reasons why financial markets may be facing more volatility over at least the next three to four months: the likelihood that Fed rate hikes will not put a dent in inflation by then. . Wednesday’s price action reflected the continuing anxiety that gripped the … Read more

Target earnings were poor enough to hurt almost every other retailer. Here’s why.

Text size Target’s earnings miss showed the market several things. Joe Raedle / Getty Images To say that Target earnings were a disappointment is an understatement – they were weak enough to influence other retailers who have not even reported results yet. This is because they confirmed investors’ greatest fear of the consumer. Goal (ticker: … Read more

Anthem seems to nurture the AI ​​effort with Petabytes of synthetic data

Anthem Inc.’s information manager says he works with Alphabet Inc.’s Google Cloud to create a synthetic data platform that will allow the health insurance company to better detect fraud and offer personal care to its members. Anil Bhatt said the plan is to use algorithms and statistical models to generate approximately 1.5 to 2 petabytes … Read more