Is the market bottoming in? 5 reasons US stocks could continue to suffer heading into next year.

Is the market bottoming in?  5 reasons US stocks could continue to suffer heading into next year.

With the S&P 500 holding above 4,000 and the CBOE Volatility Gauge, known as the “Vix” or Wall Street’s “fear gauge,” VIX, +0.74% having fallen to one of its lowest levels of the year, many investors across Wall Street are beginning to wonder if the lows are finally in for stocks — especially now that … Read more

Stock futures rise slightly after a rollercoaster week

Stock futures rise slightly after a rollercoaster week

Traders on the floor of the NYSE, Aug. 4, 2022. Source: NYSE Stock futures edged higher in overnight trading Sunday as investors awaited big earnings reports to roll in. Futures on the Dow Jones Industrial Average gained about 50 points. S&P 500 futures and Nasdaq 100 futures both inched 0.3% higher. The S&P 500 just … Read more

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long

S&P 500 would be in an ‘earnings recession’ if not for this one booming sector — but that may not last long

Fears of an actual recession are weighing on investors near the end of 2022, but there is another type of recession also in sight: an earnings recession. The S&P 500 index would already be in an earnings recession if it were not for one high-flying sector in 2022: energy. Higher oil prices have led to … Read more

This market signal says a bottom is not in, Bank of America claims

This market signal says a bottom is not in, Bank of America claims

Stocks still have further to fall, especially going off one key indicator, according to Savita Subramanian of Bank of America. The Rule of 20 is one of the signposts that Subramanian watches to gauge a market bottom. The rule, which is the sum of year over year consumer price inflation plus trailing price-to-earnings has been … Read more

Warren Buffett’s stock shopping spree slows down even during the market’s big pullback. Here’s why

Warren Buffett’s stock shopping spree slows down even during the market’s big pullback.  Here’s why

Warren Buffett’s stock-buying spree slowed down drastically in the second quarter even during the market’s big correction, and analysts said the “Oracle of Omaha” could be preserving capital for other uses. Berkshire Hathaway’s net stock purchase fell to $3.8 billion in the second quarter, compared with more than $41 billion in the first quarter, the … Read more

SPAC market hits a wall as issuance dries up and valuation bubble bursts

SPAC market hits a wall as issuance dries up and valuation bubble bursts

Traders on the floor of the NYSE, August 1, 2022. Source: NYSE The SPAC boom is officially a thing of the past. Not a single special purpose acquisition company was issued in July as the market slowdown turned into a screeching halt, according to CNBC calculations of SPAC Research data. Sponsors who once took advantage … Read more

JPMorgan analysts say buy Regions and PNC as markets wrestle with recession fears

JPMorgan analysts say buy Regions and PNC as markets wrestle with recession fears

Big US banks have begun to reap the rewards of higher interest rates as the Federal Reserve combats inflation with a series of hikes, as evidenced by second-quarter results earlier this month. Thanks to higher rates and good loan growth, banks posted a 9% surge in second-quarter net interest income on a quarterly basis. This … Read more

Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending

Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending

US stocks gave up early gains to finish lower on Monday, after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential economic downturn. Dow industrials posted their biggest drop in more than two weeks and, along with the S&P 500, are now … Read more

Citigroup provides upside surprise and stock rally while Wells Fargo misses

Citigroup provides upside surprise and stock rally while Wells Fargo misses

Citigroup Inc. on Friday delivered better-than-expected profit and revenue but its earnings still fell along with Wells Fargo & Co. amid more difficult market conditions than a year ago. The results helped spark a rally in bank shares a day after earnings misses from JPMorgan Chase & Co. JPM and Morgan Stanley MS pushed stocks … Read more

5 things to know before the stock market opens Friday, July 15

5 things to know before the stock market opens Friday, July 15

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day. 1. Stocks point to higher open Stock futures rose in premarket trading as investors digested the … Read more