The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers …
Read More »Best and Worst Spots in the U.S. Housing Market, According to Lennar
Elias Stein Text size Jersey and Florida are hot. Austin and Seattle are not. On Tuesday, home builder Lennar ’s co-CEO Richard Beckwitt on an earnings call provided a tour of U.S. housing markets. “So far in June, new orders, traffic, sales incentives, and cancellations have worsened in many of …
Read More »The Stock Market Rally Is Real. It’s Still a Bear Market.
Text size Federal Reserve Chairman Jerome Powell. Kevin Dietsch/Getty Images) Even bear markets get bounces. The stock market had a terrific week, and for the first time in a long time, the rally feels like it can last. The Dow Jones Industrial Average rose 5.4%, the S&P 500 gained 6.4%, …
Read More »8 Home-building and Steel Stocks That Offer Substantial Value
Looking for the cheapest stocks in the market now? Two industries stand out: home builders and steel makers. Barron’s screened for the 10 stocks in the S&P 500 index, S&P Midcap 400, and S&P Smallcap 600 with the lowest price/earnings ratios based on projected 2022 earnings, using consensus estimates from …
Read More »4 Takeaways From the Barron’s Investing in Tech Conference
Text size Courtesy Intel There were no technology stocks in ancient Israel, but if there were, I can tell you this: Hosea would have been bearish on SPACs, cryptocurrencies, and high-multiple cloud stocks. A minor prophet with his own Old Testament book, Hosea was the crotchety sourpuss who once said, …
Read More »The week in review, the week ahead — June 24, 2022
The major averages bounced back this week: The S & P 500 gained 5%, while the Nasdaq rose 6% and the Dow increased 4%. Like many tech stocks, Club name Meta Platforms (META) had a great week, and not just because Jim Cramer had fun with Mark Zuckerberg in the …
Read More »Quarter-end buying may lift stocks higher before the next market storm
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window …
Read More »Currencies, oil, Wall Street, stock debut
SINGAPORE — Shares in the Asia-Pacific region were set to open lower on Friday after a choppy trading week. In Japan markets, the Nikkei futures contract in Osaka was at 26,150, pointing to a slightly lower open. The Nikkei 225’s last close was at 26,171.25 on Thursday. Australia’s SPI futures …
Read More »The market could reach an ‘investable’ bottom after analysts cut earnings estimates, Jim Cramer says
CNBC’s Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying. “Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive …
Read More »This first half ranks among the market’s worst on record. Here’s what typically happens next
The first half of this year ranks among the worst on record for stocks, with the S & P 500 losing more than a fifth of its value. But, the selling could ease a bit in the second half, if history of similar terrible starts is any guide. Mounting fears …
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