Market Movers rounds up the best trade ideas from investors and analysts throughout the day. The major indexes closed in positive territory for a second straight day Tuesday. Several regional banks rebounded as well after Treasury Secretary Janet Yellen said the government could backstop more deposits if the banking crisis worsens. The pros discussed several … Read more
Some traders are using the recent pullback in financial stocks to scoop up shares of what they call quality names at bargain prices. That includes Charles Schwab , down 23% this month, as turmoil rocks the broader financial sector, especially hitting regional banks. But Hightower Advisors’ chief investment strategist and portfolio manager Stephanie Link is … Read more
A sign is posted on the exterior of a First Republic Bank office on March 16, 2023 in San Francisco, California. Justin Sullivan | Getty Images Major bank chief executives are gathering in Washington for a two-day scheduled meeting starting on Tuesday, with the future of First Republic Bank to be discussed, sources familiar with … Read more
Image taken with a drone) A Tesla collision center is seen in this aerial view in Orlando. Paul Hennessy | Lightrocket | Getty Images Check out the companies making headlines in midday trading Tuesday. Tesla — Shares popped 5% after Moody’s upgraded Tesla to Baa3 rating from its junk-rated credit. Moody’s called the electric-vehicle maker the … Read more
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023. Kevin Lamarque | Reuters The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but … Read more
My top 10 things to watch Tuesday, March 21 1. Systemic risk or First Republic (FRC) risk? FRC shares, which lost most of their value, jump nearly 30% after Treasury Secretary Yellen says the government could backstop more deposits if necessary to stop contagion. The Dow , the S & P 500 and the Nasdaq … Read more
A vehicle charges a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla — The electric vehicle maker rose 2% after Moody’s assigned it a Baa3 rating and removed its junk-rated … Read more
People make their way near a First Republic Bank branch on March 16, 2023 in New York City. View Press | Corbis News | Getty Images First Republic led a comeback rally in regional bank shares Tuesday, as investors hoped for some sort of strategic action by the troubled bank — or another big regulatory … Read more
A recap of Monday’s best stock picks on CNBC. Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The market has been treacherous to navigate due to extreme volatility in the financial sector. Investors are looking for cover as fears of further bank collapses mount. T. Rowe Price’s David Giroux is a two-time winner of Morningstar’s Outstanding Portfolio Manager of … Read more