Opinion: The stock market’s rally was a head fake and the smart money now is with the bears
The stock market, as measured by the S&P 500 Index SPX, +0.53%, has fallen below the 4100 level. That is significant because there previously was triple resistance at that level, and when SPX broke out above that level in late January, it seemed as if the next leg of the “new” bull market was underway. […]
Opinion: No ‘soft landing’ is in the cards from Fed rate hikes. Look for recession and a buying opportunity once stock prices decline.
Is the bear market of 2022 over? Are we already in the early innings of the next great bull market? The S&P 500 SPX, -0.16% finished 2022 with a 19% decline (its biggest pullback since 2008). Meanwhile, the Dow Jones Industrial Average DJIA, -0.26% lost 8.8% and the Nasdaq COMP, +0.13% tumbled 33%. It’s been […]
Steepest Home-Price Declines in Fourth Quarter Were in the West: WSJ
U.S. home prices rose in the fourth quarter from a year earlier, but once-booming West Coast markets were among a growing number of metro areas to post price declines. Source link
Credit Suisse Bank Losses Deepen, Threatening Overhaul: WSJ
Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the beleaguered lender has yet to turn the corner. The Swiss bank is trying to recover from scandals and financial losses with a sweeping overhaul. It wants to focus on wealth […]
Trading Starbucks Post Q1 Earnings
Starbucks recently reported its first-quarter earnings report for 2023. The multinational American coffee chain has 33,833 stores in 80 countries and is often seen as a barometer of the health of the consumer. Learn more details of Starbucks’ latest quarterly earnings report, what the analysts are forecasting for the stock and how to trade […]
US stocks close higher in volatile trading day. Chipotle earnings disappoint after close
The major US stock indices are closing with gains in what was a volatile up-and-down session especially during and after Fed Powell Q&A session at the Economic Club in Washington. Looking at the closing levels: Dow industrial average rose 265.67 points or +0.78% at 34156.68 S&P rose 52.97 points or 1.29% at 4164.04 Nasdaq index […]
‘ChatGPT is today’s hand calculator,’ this CEO says
Will you be able to build the next blockbuster videogame at home using ChatGPT? Not so fast, says Take-Two Interactive Software Inc. TTWO, -3.40% Chief Executive Strauss Zelnick. But that doesn’t mean the technology lacks promise. Read: Take-Two stock slips as company plans cost cuts, outlook falls below Street view Zelnick said on his company’s […]
Stocks moving big after hours: PINS, CHGG, TTWO
Andrew Harrer | Bloomberg | Getty ImagesCheck out the companies making headlines after the bell: Pinterest — The social media stock shed more than 7% after revenue for the recent quarter fell short of analysts’ expectations. Pinterest also shared guidance for the first quarter that was lighter than expected and said it expects sales to increase […]
Walt Disney: Q1 2023 Earnings Preview
The Walt Disney Co., a diversified international family entertainment and media enterprise founded in 1923, shall release its earnings result ending December 2022 on 8th February (Wednesday), after market close. The company operates via two main segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The former covers the company’s […]
Amazon cut 67,000 jobs in 2022, the first yearly decline in 20 years
Amazon.com Inc. had a pretty bad year in 2022, with the e-commerce and cloud giant recording its biggest loss ever, and with its stock suffering a yearly record loss. Its employees had a bad year, too: For the first time in 20 years, the company shrank its workforce. According to Amazon’s 2022 annual report, released […]