No matter how you look at it, being single right now in the U.S. is expensive. From facing fewer tax advantages to not being able to split everyday costs like rent or groceries, living solo can come at a much higher price than with a partner. That said, more and more Americans are continuing to … Read more
Sometimes the stocks say it all. When I went over about 1,000 stocks this weekend, I was astonished to see that the stocks with the strongest charts were those in the most offensive categories. Whether it be levered steel companies U.S. Steel (X) and Cleveland-Cliffs (CLF); chemical company Westlake (WLK); homebuilders like PulteGroup (PHM) and … Read more
My top 10 things to watch Wednesday, Jan. 18 1. “Mild recession” are the new watchwords. We’ll talk about this concept and how to play it during our “Monthly Meeting” at noon ET on Thursday. Meanwhile, before the opening bell Wednesday, new data shows that still-elevated inflation is easing. Producer prices in December declined a … Read more
U.S. Treasury yields were lower on Wednesday as uncertainty around the outlook for monetary policy and the economy, along with some weak earnings reports from Wall Street, clouded risk sentiment. The yield on the benchmark 10-year Treasury note fell just over 5 percentage points to 3.4812% while the yield on the 30-year Treasury bond shed … Read more
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: … Read more
Being negative can be terrific. Staying negative can be lethal. For, almost all of 2022 will be remembered as a year of disappointment and discouragement. Not for the bears. They were occasionally beaten back — but for the most part, they had the run of the joint. Any time you got too excited, too bullish, … Read more
Stocks closed out the first full week of trading in 2023 on a high note, building on the strong gains from December: The tech-heavy Nasdaq posted its second consecutive week in the black, up 4%, while the S & P rose 2% and the Dow added more than 1%. The December report on consumer prices … Read more
New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase (JPM) were up about 2.5% in … Read more
My top 10 things to watch Wednesday, Jan. 11, 2023 1. Stocks up Wednesday morning. Bond yields down. Oil and natural gas up, too. But nat gas has been on a nearly two-month slide. Tom Jorden, CEO of Club holding Coterra Energy (CTRA), mounted a spirited defense of the much-maligned company in an interview with … Read more
Check out the companies making headlines in premarket trading. CarMax — Shares of the used car seller slid 4.8% after JPMorgan downgraded them to underweight, saying investors aren’t fully pricing in the risks surrounding the company and hope for a recovery looks “premature.” CarMax fell 53% in 2022 but has risen 18% since its disappointing … Read more