A strategist who anticipated the 2023 rally says he expects stocks to go nowhere for the rest of the year, while potentially struggling in 2024 as well, as corporate earnings growth fails to live up to Wall Street’s overly optimistic expectations. Barry Bannister, an equity strategist at Stifel, said in …
Devamını oku »Bitcoin halving events helped crypto rally before, but maybe not this time
Crypto investors hoping that bitcoin’s coming halving event could trigger a rally of the coin’s price may be disappointed, according to Kaiko Research. Bitcoin has been stuck under $30,000 for the past few weeks, but a past catalysts for its rally might not work this time, Kaiko Research said on …
Devamını oku »Amazon shares rally 10%, but Apple’s dip, and other stocks on the move
Tupperware Brands Corp.’s stock TUP, +42.90% rallied 50% after the beleaguered maker of iconic food containers announced a debt restructuring agreement. Shares of Cloudflare Inc. NET, +7.67% surged more than 8% after the cybersecurity company’s earnings and forecast topped Street estimates. DaVita Inc. shares DVA, +6.70% rallied 7% after the …
Devamını oku »Lumen posts mixed earnings and stock pulls back after Tuesday rally
Lumen Technologies Inc.’s stock pulled back in after-hours trading Tuesday after rising sharply in the regular session, as the telecommunications company posted a mixed set of results for its latest quarter. The company generated a net loss of $8.736 billion, or $8.88 a share, whereas it logged net income of …
Devamını oku »Salesforce’s AI-fueled stock rally may need to cool — and Morgan Stanley prefers another software play
Salesforce Inc.’s stock has been riding the wave of frenzied interest in artificial intelligence, but perhaps Wall Street is getting too upbeat about the company’s ability to benefit from the hot trend — at least in the near term. Morgan Stanley’s Keith Weiss downgraded the software stock to equal weight …
Devamını oku »Bitcoin ETFs’ arrival is unlikely to trigger the crypto’s further rally. Here’s why
Welcome back! This is Frances Yue, reporter at Unsur.net. Crypto investors have long been hoping that an exchange-traded fund investing directly in bitcoin could boost adoption of the cryptocurrency and lead to a price rally. But that may not happen, according to Stuart Barton, co-founder and chief investment officer at …
Devamını oku »There was a week of rally in the commodity market – Last Minute Economy News
Strong increases were seen in the commodity market last week, which has long been dominated by declines. Statements from Fed officials regarding the rate of interest rate hike had a positive impact on commodity prices. While there was no clear divergence in expectations of interest rate hikes of 50 and …
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