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Predictions, Opinions, & Comments, Stocks

Article: “Should I buy stocks now or wait?…” Plus my opinion

“…According to Investor’s Business Daily, this led the stock market to plunge to its worst one-day loss since June 2020, with total losses of over $1 trillion dollars. But does that mean you should run to your brokerage account and buy… Continue Reading…

Banking

“Wall Street layoffs likely ahead as two-year hiring boom turns to bust”

“…IPO volumes have dropped a staggering 91% in the U.S. from a year earlier, according to Dealogic data. Companies are unwilling or unable to issue stock or bonds, leading to steep declines in equity and debt capital markets revenues, especially in… Continue Reading…

Economy, Stocks

“Hedge Fund Selling Was Never More Furious Than in Last Two Days”

“Hedge funds tracked by Goldman Sachs Group Inc. offloaded US equities for a seventh straight day Monday, with the dollar amount of selling over the last two sessions exploding to levels not seen since the firm’s prime broker began tracking… Continue Reading…

Economy

“Two-thirds of Americans live paycheck to paycheck as inflation continues to climb”

“Inflation is showing no signs of slowing down, making it harder for workers to make ends meet. The Consumer Price Index increased 8.3% from a year ago, higher than the 8.1% estimate, according to the U.S. Bureau of Statistics… Food prices… Continue Reading…

Economy, Stocks

“Russian Stocks in London Wipe Out 98% of Value in Two Weeks”

“The Dow Jones Russia GDR Index, which tracks London-traded Russian companies, has plunged 98% in two weeks. The slump has wiped out $572 billion from the market value of 23 stocks, including Gazprom PJSC, Sberbank of Russia PJSC and Rosneft… Continue Reading…

Stocks

“Billionaire Steven Cohen Loads Up on These 2 Penny Stocks”

“…Enter billionaire Steven Cohen. The legendary stock picker, who began his investing career at Gruntal & Co. where he managed proprietary capital for 14 years, founded S.A.C Capital Advisors in 1992. In 2014, his investment operations were converted to Point72… Continue Reading…

Real Estate

“Mortgage applications drop to lowest level in over 2 years”

“Climbing mortgage rates are hitting both potential homebuyers and refinance candidates. Total mortgage applications decreased 13.1% last week to the lowest level since December 2019, according to the Mortgage Bankers Association. Applications to refinance dropped 15% weekly and were 56%… Continue Reading…

Economy

“Debt Up $2 Trillion in 1 Year of Biden”

“When President Joe Biden was sworn in on Jan. 20, 2021, the federal government’s debt stood at $27,751,896,236,414.77. When his first year in office ended on Jan. 20, 2022, it stood at $29,867,021,509,573.92. That means that during Biden’s first 12… Continue Reading…

Stocks

“Looking for Value Stocks? Analysts Suggest 2 Names to Buy”

“…Vontier (VNT)… In light of these comments, Raso rates Vontier an Outperform (i.e. Buy), and his $42 price target implies an upside of ~40% for the year ahead… Overall, there are 3 analyst reviews on record for this stock, and they… Continue Reading…

Business

“J&J plans to split into two companies, separating consumer products and pharmaceutical businesses”

“Health-care conglomerate Johnson & Johnson announced plans Friday to split its consumer products business from its pharmaceutical and medical device operations, creating two publicly traded companies. The news sent shares higher in premarket trading. The separation will sheer off its household products… Continue Reading…