It’s the peak stretch of second-quarter earnings season, with roughly 150 S&P 500 firms scheduled to report this week. The highlights on the economic calendar will be a pair of purchasing managers...
Tag: $SPX
The Stock Market Had a Great July. Why August Could Be Tougher.
Text size Expectations for future rate hikes changed, hinging largely on two sentences from Federal Reserve Chairman Jerome Powell’s news conference. Ting Shen/Bloomberg Stocks rallied this past week ...
Small-Cap Stocks Have Been Big Winners. Why They Can Keep Outperforming.
Text size Yeti cooler sales are expected to grow, and the company has added drinkware products to its line. Sergio Flores/Bloomberg Good things are supposed to come in small packages, but that hasn’t ...
Did Buffett Buy More Apple Stock? Berkshire’s Earnings Should Make It Clear.
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Saul Loeb/AFP via Getty Images Warren Buffett went on a buying spree in the stock market during the first quarter, when Berkshire Hath...
Intel Stock Will Plunge Further, Analyst Says
Text size Intel posted June-quarter financial results that fell far short of Wall Street estimates. David Paul Morris/Bloomberg Bernstein doesn’t believe Intel ’s troubles are behind it after the chip...
Bausch Health stock plummets toward 27-year low after Bloomberg report of unfavorable court ruling
Shares of Bausch Health Companies Inc. BHC, -41.24% suffered a near-record plunge of 50.3% in volatile afternoon trading Thursday before a trading halt, after Bloomberg reported that some of the drug ...
Stock market’s post-Fed bounce is a ‘trap,’ warns Morgan Stanley’s Mike Wilson
“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t convinc...
Plug Power, Fuel Cell and solar stocks soar after Manchin changes course to back climate spending
Shares of clean energy companies soared Thursday, after Democratic Sen. Joe Manchin pulled an about-face and agreed to an economic bill that includes climate spending. “Details of the bill are n...
Surprise? How the stock market has reacted on day of each Fed rate hike in 2022
The Federal Reserve’s strategy of supersize interest rate hikes gets much of the blame for triggering a bear market in stocks in 2022, but investors might be surprised by a look back at how equites ha...
Boeing Earnings Revealed Another Big Loss. What Saved the Day for the Stock.
Text size Boeing delivered 121 commercial jets in the second quarter of 2022, up from 95 jets delivered in the first quarter. Justin Tallis/AFP via Getty Images Boeing’s quarterly earnings were messy,...
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the ...
Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’
Some customers of crypto lender Celsius Network, which filed for bankruptcy earlier this month, have written to the Bankruptcy Court for the Southern District of New York, with a hope of getting their...
Mastech to acquire IEA in cash-and-stock deal valued at about $1.1 billion
Infrastructure construction company MasTec Inc. MTZ, -12.08% said Monday it has agreed to acquire IEA in a cash-and-stock deal valued at about $1.1 billion. IEA is a services provider in renewable ene...
Newmont stock drops after profit miss, as costs jump 33% while sales slip
Shares of Newmont Corp. NEM, -1.34% dropped 2.5% toward a more than two-year low in premarket trading Monday, after the gold miner reported second-quarter profit that fell well short of expectations, ...
This Stat Shows Why Analysts Are Bullish on Energy Stocks
Text size Analysts are more bullish about energy companies than are investors. (Photo by Justin Sullivan/Getty Images) Getty Images Energy stocks make up just 4% of the S&P 500 but are expected to...
The Stock Market Rallied on Hopes That Rate Hikes Will Soon Wind Down
Text size While the markets and many consumers are worried about inflation, other people, like these skaters at Rockefeller Center in New York, are still spending. Richard Levine/Alamy Markets can sta...