Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more
A walkway near the Bank of England (BOE) in the City of London, UK, on Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The bank of england On Thursday, it raised interest rates by 50 basis points and recalled some of its previous bleak economic forecasts. The monetary policy committee … Read more
Adani Enterprises withdraws follow-on public offering overnight Investors will be watching shares of Adani Group companies closely after Adani companies pulled out its $2.5 billion follow-on public offering overnight, although the sale was fully subscribed, which many saw as a vote of confidence from investors. The company cited “the unprecedented situation and current market volatility” … Read more
Here are Tuesday’s biggest calls on Wall Street: Barclays reiterates Apple as equal weight Barclays said it sees failure when Apple reports earnings on Thursday. “What started as production-driven cuts has turned into weak demand across all product categories. We are also concerned about slowing growth in services. With a 20% premium over at the … Read more
My top 10 things to watch Tuesday, January 31 1. Will the outperformance of speculative stocks continue? The worst market performers in 2022 – including crypto, SPAC and cloud software stocks – are among the biggest gainers in this year’s rally. Stay away. As I wrote on Sunday, I see this as a time to … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA … Read more
My top 10 things to watch Monday January 30 1. Big week ahead. Great run so far in 2023. The Dow, S&P 500 and Nasdaq, despite opening lower, have risen this year as a new, broader bull market emerges. I wrote a eulogy to FANG in my weekly column. Created 10 years ago as the … Read more
My Top 10 Things to Watch Tuesday January 24 1. Big day of earnings for Club holdings as the Dow Jones Industrial Average, S&P 500 and Nasdaq appear to open lower after back-to-back gains. Three quarterly reports before the bell and Club holding Microsoft (MSFT) after the close. 2. Club holding Johnson & Johnson (JNJ): … Read more
Next week is Groundhog Day, not to mention the 30th anniversary of the theatrical release of “Groundhog Day.” Still, investors are betting they will wake up Thursday freed from the “catastrophic loop” that has trapped them for a year – the pattern in which every market rally fades in the shadow of a Federal Reserve … Read more