October 2, 2024
“Stocks could see a 10% drop by the end of the year, Stifel’s Barry Bannister says. The bank’s stock-strategy chief pointed to the slowing job market and the potential for sticky inflation. He added that interest rates likely aren’t dipping… Continue Reading…
September 5, 2024
“The nearly 30% drop in shares of Chinese online retailer PDD Holdings is “too much of a correction,” according to Shaun Rein, founder and managing director of the China Market Research Group. Speaking to CNBC’s “Street Signs Asia,” Rein said… Continue Reading…
August 5, 2024
“Stocks fell sharply on Friday as a much weaker-than-anticipated jobs report for July ignited worries that the economy could be falling into a recession. The broad market index dropped 1.84% to end at 5,346.56. The Nasdaq Composite lost 2.43% to close at 16,776.16, bringing… Continue Reading…
July 24, 2024
“…But no stock goes straight up forever, and valuation still matters. A correction in the stock was inevitable and finally occurred over the last month. Nvidia shares recently traded as much as 13% below the closing record high set on June 18.… Continue Reading…
September 13, 2021
“…An equity market correction of 5%-10% by the end of the year was the overwhelming consensus in a September market sentiment survey published by Deutsche Bank on Monday. According to the report, conducted from September 7-9 and covering over 550… Continue Reading…
June 28, 2021
“Our call of the day, from strategists Barry B. Bannister and Thomas R. Carroll at the equity trading desk of investment bank Stifel, is that the S&P 500 is heading for an 11% pullback while bitcoin could fall to $12,000… A… Continue Reading…
March 9, 2021
“London (CNN Business)Apple (AAPL) shares are down more than 18% from their January high. Amazon’s stock is off 12% from a recent peak in early February. And chipmaker Nvidia (NVDA) has seen its shares plunge 24% since the middle of last month. What’s happening: Tech… Continue Reading…
February 10, 2021
“Even some bullish investors have called for a retrenchment in stocks as a sort of catharsis for the next leg higher and an unwind of some of the frenzied, retail-inspired betting that has repeatedly sent stocks to fresh records… In… Continue Reading…
January 19, 2021
“Prices already reflect a wallop of government spending and central-bank aid that can’t get much larger from here, Bank of America warns. Other market watchers are downbeat as well… At the same time, investors are now holding far less cash than they were just… Continue Reading…
June 15, 2020
“The three major benchmark indexes suffered their biggest weekly losses since March 20 last week, as the Federal Reserve’s downbeat economic outlook and rising coronavirus cases unsettled investors. Fears of a second wave grew over the weekend and U.S. stock futures pointed lower early… Continue Reading…
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