(Bloomberg) — The rapid selloff in Tesla Inc. shares has left most price targets from ever-bullish Wall Street analysts seemingly obsolete. The yawning gap means Tesla shares need to rally a whopping 80% to hit the median analyst target price — the second widest on the Nasdaq 100 Index, just behind Baidu Inc. The Elon […]
Read More(Bloomberg) — On a boat under the Statue of Liberty at happy hour one August Thursday, young Morgan Stanley colleagues sipped champagne and smiled. Two Citigroup Inc. banking analysts left the company’s headquarters by 5:40 p.m. to drink across the street. A young investment-banking analyst who came close to burning out last year now has […]
Read More(Bloomberg) — A global rebound in stocks looks set to support Asian bourses as trading gets underway Monday ahead of key reports on China’s economic activity and liquidity operations by the nation’s central bank. Futures for Japan and Australia rose but Hong Kong’s were steady. S&P 500 and Nasdaq 100 contracts fluctuated after a global […]
Read More(Bloomberg) — An end to corporate America’s record stock-buying spree is giving equity bulls one more thing to worry about. JPMorgan Chase & Co., Citigroup Inc. and Best Buy Co Inc. all paused buyback plans when reporting their second-quarter results, deciding to hold on to cash instead as the Federal Reserve’s interest-rate hikes risk driving […]
Read More(Bloomberg) — George Boubouras was at his home in east Melbourne, taking in a cricket match, when his phone suddenly blew up. It was late on July 13, about 10:45 p.m., and there was an urgency to the texts and calls that came flooding in. The euro had just crashed through parity against the dollar, […]
Read More(Bloomberg) — Deere & Co. slid the most in 14 years after the world’s largest manufacturer of agricultural equipment was the latest major US company bruised by supply chain snags and rising inflation. Shares fell 14% Friday, erasing a record $15.7 billion in market capitalization after the company posted disappointing quarterly sales and said that […]
Read More(Bloomberg) — U.S. homebuilder sentiment fell to a seven-month low as rising mortgage rates and high asking prices led to declining sales and prospective buyer traffic. The National Association of Home Builders/Wells Fargo gauge decreased two points in April to 77, figures showed Monday. The measure has declined four straight months. Mortgage rates have stormed […]
Read MoreThe chase is on. The chase for gold, that is—and it’s not too late to buy some now. Gold had been relatively boring for quite a while. After surging in 2020, its price has essentially traded sideways for the past 18 months, falling just 0.5% from $2,013.10 to $1,900.80 an ounce. Now it’s on the […]
Read More(Bloomberg) — What’s safer than short-duration bonds? Even shorter duration debt. As investors brace for an increasingly aggressive Federal Reserve, money is flooding into cash-like ETFs — which are seen as relatively less vulnerable to interest-rate risk. Traders have been piling into exchange-traded funds mostly focused on ultra-short instruments like Treasury bills, while offloading ETFs […]
Read More(Bloomberg) — Soybean buyers stung by puny yields and harvest delays in Brazil are turning to the U.S. for supply, driving up prices and threatening to worsen food inflation. What was expected to be a record crop in Brazil is now looking far smaller as adverse weather events catch traders and end-users shorthanded. More than […]
Read MoreOne of the big challenges for average investors is sifting through the mountains of information that comes from the market on a daily basis. I think that may be the biggest reason that so many investors have learned over the course of decades of market activity to rely on analyst estimates for a company’s future […]
Read MoreFiguratively speaking, starting a new year generally means not only turning the page, but also closing the book on the year before. From a practical standpoint, as investors that can be a little bit difficult, because the questions that have to be answered about the past year include not only profit and loss, but also […]
Read MoreTrade Setup Buy Target $3.58 Sell Target $4.42 Vasta Platform Limited, an education company, provides educational and digital solutions to private schools operating in the K-12 educational sector in Brazil. The company operates in two segments, Content & EdTech Platform and Digital Platform. The Content & EdTech Platform segment offers core and complementary educational content […]
Read More(Bloomberg) — Almost every lump of coal that U.S. miners will dig out of the ground next year has already been sold, as surging natural gas prices prompt utilities to burn more of the dirtiest fossil fuel. Peabody Energy Corp., the top American supplier, has contracts for more than 90% of its coal from the […]
Read MoreEvery investor wants to see his stocks pay off – or he wouldn’t be in the markets. But finding the right investment, the ‘one’ that will bring profits, no matter what direction the overall markets take, can sometimes be challenging. The two simplest courses of action an investor can take to ensure solid returns are […]
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