How the tides have turned in a few weeks: after a muted month for tech in February, investors are flocking back into the sector amid tumbling yields and turmoil in the banking sector. Market watchers are weighing the potential for a smaller interest rate hike or even a pause by the U.S Federal Reserve this … Read more
CNBC’s Jim Cramer on Tuesday said that investors are operating too much out of fear and instead need to take a long-term perspective of the market and “accentuate the positive.” Cramer acknowledged that investors’ worries are not unfounded and that on the surface, this market does look like “the sum of all our fears.” The … Read more
Traders on the floor of the NYSE, July 12, 2022. Source: NYSE Stock futures were little changed Tuesday evening as investors braced for the Federal Reserve’s next move in its inflation-fighting rate hiking plan. Futures tied to the Dow Jones Industrial Average lost 9 points, or 0.03%. S&P 500 futures added 0.01% and Nasdaq 100 … Read more
BlackRock’s Rick Rieder said it’s not clear whether there are any additional shoes to drop in the banking system, but he does see some tightening of lending and that could hurt the economy. “When you move the funds rate up as much as it has, and the banks are competing deposit-wise with Treasury bills at … Read more
When evaluating stocks for the Club, we’re guided by our long-term mantra: Own companies that make stuff and do things at a profit. We hold the stocks of companies that showcase room for future cash-flow growth, are industry leaders with durable moats, and have strong balance sheets. In a research note Tuesday, Morgan Stanley identified … Read more
Pedestrians walk past an advertisement displaying a Bitcoin cryptocurrency token on February 15, 2022 in Hong Kong, China. Anthony Kwan | Getty Images Cryptocurrency prices were slightly higher Tuesday as investors braced for the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday. Bitcoin was trading back above the $28,000 level, after slipping below … Read more
In the era of social media influencers, some investors are turning to platforms like YouTube, TikTok and Instagram for answers to their most pressing financial concerns. But advisors recommend scrutiny when seeking guidance online — especially when weighing money decisions with the possibility of harmful consequences. “Because social media is democratized and everybody has a … Read more
Investors have been scooping up energy names amid a recent drop in oil prices, according to Bank of America. Oil prices touched a low dating back to December 2021 on Monday. The energy sector of the S & P 500 is down more than 3% for the month. The Energy Select Sector SPDR Fund (XLE) … 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
Ark Invest’s Cathie Wood said rapid interest rate hikes over the past year are now starting to hit cyclical pockets of the market, extending beyond her strategy to invest in companies offering what she calls disruptive technology. “The valuation hit …has been so severe to our strategy ,…and that was all related to the Fed … Read more