Text size Lynx Equity Strategies analyst KC Rajkumar cut his price target on Apple stock to $110 from $125. Scott Olson/Getty Images One of Wall Street’s biggest bears on Apple shares have grown even more bearish. Lynx Equity Strategies analyst KC Rajkumar, who has long been skeptical about the growth outlook for Apple (ticker: AAPL), …
Why One Apple Bear Is Now More Cautious on the Stock Than Ever Read More »
Text size Meta Platforms, the parent company of Facebook, announced a new buyback plan of $40 billion. Justin Sullivan/Getty Images Stock futures were mostly higher Thursday, adding to the previous session’s gains after the Federal Reserve boosted interest rates by a quarter of a percentage point and Fed Chairman Jerome Powell said the central bank’s …
Meta, Shell, Apple, Alphabet, Amazon, and More Stock Market Movers Read More »
Text size Honeywell makes radar systems and drones in its aerospace division. Aerospace sales are expected to grow 8% in 2023 as the effects of Covid fade. Caitlin O’Hara/Bloomberg Honeywell ‘s coming 2023 guidance should give investors an important look into several key industrial markets in 2023. They could boost Honeywell ‘s stock too. The …
Honeywell’s Earnings Will Provide a Look at Key Industrial Markets Read More »
Text size Qualcomm CEO Cristiano Amon. Patrick T. Fallon/AFP via Getty Images Qualcomm, the maker of mobile processors and 5G wireless chipsets, may report muted earnings results after Thursday’s market close. Wall Street’s consensus estimate calls for Qualcomm (ticker: QCOM ) to report $9.6 billion in revenue for the quarter ended Dec. 31, with adjusted …
Qualcomm Earnings Could Disappoint. Smartphone Demand Could Be Why. Read More »
Text size BYD sold fewer EVs in January than it did in December. Sales are still up year over year. Getty Images January electric vehicle sales in China look lousy. That could be an issue for Tesla . Tuesday evening, Chinese EV maker BYD (ticker: BYD ) reported sales numbers for the first month of …
BYD’s EV Sales Show Contracting China Market. Tesla Could Get Hit Next. Read More »
Hi MarketWatchers. Don’t miss these top stories. As the Fed raises rates by a quarter point, here’s where financial advisers are telling their clients to invest — and store — their money The Fed’s 25-basis-point move is its eighth consecutive straight interest-rate hike. Read More Colleges used pandemic-era relief funds to cancel nearly $1.5 billion …
Snap Inc.’s life as a high-growth young tech stock is over, and its rivals are about to show how much of that change is about Snapchat. “From our recent conversations with our partners, it seems like advertising demand hasn’t really improved, but it hasn’t gotten significantly worse either,” Snap co-founder and Chief Executive Evan Spiegel …
Opinion: Snap stock has lost the one thing it had going for it Read More »
Text size A scene from the floor of the New York Stock Exchange last week. Michael M. Santiago/Getty Images The stock market just closed out a positive January. Coming on the heels of last year’s bear market, and combined with other recent moves, that is a particularly positive signal. The S&P 500 finished January with …
The Stock Market Had a Great January. Now, It’s All the Fed. Read More »
Text size Commuters in front of the Bank of Japan headquarters in Tokyo, Japan. Kiyoshi Ota/Bloomberg About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was a deputy director in the International Monetary Fund’s Policy Development and Review Department and the chief emerging market economic strategist at Salomon Smith …
Text size The market already looks nervous about the Fed. Michael M. Santiago/Getty Images The stock market has rallied on hopes the Federal Reserve will soon pause its interest rate increases. That is a good reason to sell, he said Morgan Stanley ‘s chief US equity strategist Mike Wilson. The S&P 500 has started off …
Sell the Rally, Says Morgan Stanley. Markets Are Fighting the Fed. Read More »
