May 6, 2022
“…The Dow dropped 260 points, or 0.8%. The S&P 500 lost 0.8%, while the Nasdaq Composite slid 0.8%. The tech-heavy index is now down roughly 25% from its record high last November. The moves came after stocks sold off sharply… Continue Reading…
May 6, 2022
“A sharp sell-off left the Dow Jones Industrial Average more than 1,000 points lower Thursday, wiping out the gains from Wall Street’s biggest rally in two years, as worries grow that the higher interest rates the Federal Reserve is using… Continue Reading…
May 3, 2022
“…Despite Monday’s tech comeback, money manager Dan Suzuki of Richard Bernstein Advisors warns the group is in a “bubble.” “Go back and look at the history of bubbles. They don’t softly correct and then are off to the races six… Continue Reading…
April 29, 2022
“Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates. Here’s how the company did: Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv Revenue: $116.44 billion vs. $116.3 billion expected,… Continue Reading…
April 29, 2022
“…The tech stocks in the S&P 500 are down 19.8% for the year through Tuesday, while communications services stocks in the index tumbled even more, 24.1%. The rest of the S&P 500 fell only 6.9%. Tech-oriented stocks have struggled in… Continue Reading…
April 28, 2022
“…The S&P 500 was up 0.8%, paring some gains after a jump of more than 1% at open, while the Dow Jones Industrial Average was up 0.6%. The tech-heavy Nasdaq Composite also pulled back to 0.8% above breakeven after climbing… Continue Reading…
April 28, 2022
“Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday. The negative growth rate missed even the… Continue Reading…
April 26, 2022
“OneMain Holdings (OMF)… In line with this comments, Kaye rates OMF stock an Overweight (i.e. Buy), with a $70 price target that indicates room for ~41% upside in the coming year… While upbeat, Kaye’s take on OneMain in certainly not… Continue Reading…
April 26, 2022
“…Supermarket News reported that: “U.S. organic product sales climbed 12.4% in 2020, breaking the $60 billion mark for the first time and more than doubling the previous year’s growth, according to the Organic Trade Association (OTA).” 1 And according to a survey… Continue Reading…
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