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What does weak stock-market breadth mean for your portfolio? Here’s what one Wall Street analyst found.
It’s an age-old Wall Street adage attributed to legendary market technician Bob Farrell: “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.” That quote has been bandied about quite a bit recently, having been cited in research notes published by Rosenberg…
Would-be home buyers are more optimistic about the housing market — for one big reason, says Fannie Mae
Consumers expect mortgage rates to drop, so they’re feeling a lot more optimistic about the housing market, according to a Fannie Mae FNMA poll published Monday. After the U.S. Federal Reserve’s rate increase last week, the Fed Chair signaled a potential pause in hikes. Rates dipped after the news, and…
Nasdaq Composite exits bear market — once again. What history says happens next.
Once more, with feeling. The Nasdaq Composite COMP eked out a gain Monday, but the advance was enough to meet widely used criteria for marking an exit from a bear market. But investors don’t need a long memory to recall that the last such exit from a bear market, on…
AMC’s ‘road to recovery getting better,’ says Macquarie
AMC Entertainment Holdings Inc. is continuing its post-pandemic recovery, according to Macquarie Research. The movie-theater chain and sometime meme-stock darling reported better-than-expected first-quarter revenue and adjusted earnings Friday, and CEO Adam Aron is confident that the company will benefit from the slate of movies coming in 2023. Over... Source
POR Stock Price | Portland General Electric Co. Stock Quote (U.S.: NYSE)
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Recession fears fuel investors’ search for havens. Is bitcoin a good choice?
Investors are increasingly worried that a recession may begin in the U.S. later this year, as the Federal Reserve on Wednesday raised its key interest rate for the 10th time in a row, while growing evidence points to a slowing U.S. economy. In search of a “safe haven”, some investors…
PayPal seems on track to ‘clear a low bar.’ Is that enough to help its stock?
E-commerce spending appears to have held up better than expected to start the year, and that could help PayPal Holdings Inc. when it posts earnings Monday afternoon. Shares of the e-commerce company have shed 60% of their value since the start of 2022, with PayPal PYPL executives making a series…
Big Tech has made earnings look better, but here come Disney and PayPal
Most of the first-quarter earnings blizzard has passed, and the results, overall, haven’t been as bad as expected — thanks in large part to the nation’s biggest tech companies: Apple Inc., Amazon.com Inc. and Microsoft. The S&P 500 index SPXhas largely moved sideways over the past few weeks, as markets…
Warren Buffett says investment opportunities come from ‘other people doing dumb things’
Billionaire Warren Buffett talked about the banking crisis, AI, Apple and a number of other hot topics Saturday at Berkshire Hathaway Inc.’s BRK.B BRK.A annual meeting, but there was one quip that may have been his best investing advice. When asked a question about how the rise of disruptive technologies…