Scarier days lie ahead for the stock market, according to Mizuho Securities. While the S&P 500 SPX, -0.65% has fallen about 25% from its peak this year, there’s “more pain to come” for equity-market bulls embarking on a “misguided ‘buy the dip’ strategy,” Mizuho’s team of U.S. economists warned in a Tuesday client note. Such
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The economy has been facing severe headwinds, with only a few sectors holding firm. Earlier this year, several technology stocks were doused in red ink after their Q4 earnings calls. However, as more companies start reporting their third quarter earnings for this year, here are some of the top stocks to watch. The post-pandemic boom
Like some sort of M.C. Escher painting, strategists at Goldman Sachs say it’s time to pivot from the talk of a pivot. Last week saw Federal Reserve pivot hopes, and fears, determine the direction of trade — stocks rallied on falling job openings data, only for those gains to fade in the face of an
China was a hot topic during Monday night’s U.S. Senate debate in Cleveland, as Democrat Tim Ryan sought to link Republican J.D. Vance to thousands of manufacturing jobs leaving the state. Ryan, who has represented districts in northeast Ohio in the U.S. House since 2003, argued that his venture-capitalist opponent invested in companies that outsourced
For job jumpers, the excitement of a new position and higher salary may be a lure to change companies, but it’s important to remember the 401(k) you have built at the company you’re leaving behind. The short tenure rate—which measures the fraction of positions that end after being held for less than a year—started rising
Democrats and Republicans are divided on how abortion policy should be applied in the U.S. What’s more, those divisions exist clearly within members of both parties. More than half of Republicans prefer each state to create its own policy on abortion. This includes 55% of moderate Republicans and 69% of conservative Republicans. Far fewer (34%
Should you buy stocks now, or wait? Timing the market has been a nagging question for investors ever since stocks began their decline by roughly 25% in January of this year. The right answer likely hinges on whether or not the Federal Reserve follows through with plans to raise its benchmark interest rate to 4.5%
Dear Quentin, My mother passed away four years ago and my stepfather is now in poor health. While he has two biological children, he has been estranged from them for decades. Most of his assets have been left by naming beneficiaries or right of survivorship. His will addresses leaving a mineral trust to his two
Semiconductors — or chips — are everywhere. Even if we seldom see them, they essentially power our digital lives. In August of this year, President Joe Biden signed the Chips and Science Act into law. The legislation, which was approved with significant bipartisan support, allocates $52.7 billion in subsidies to the semiconductor — or chip
Rivian Automotive Inc. intends to recall about 13,000 vehicles due to a possible safety issue that has so far been found to have impacted several units, the company said Friday night. The maker of electric SUVs and trucks said that it was making the move to deal with an “insufficiently torqued fastener” that caused issues
[Editor’s note: “The Battery Maker Set to Soar 10X-Plus by 2030” was previously published in February 2022. It has since been updated to include the most relevant information available.] When it comes to stocks with enormous long-term upside potential, few look more compelling than QuantumScape (QS). As the leading solid-state battery maker, QS is developing
U.S. stocks fell sharply Friday, cutting into weekly gains, after September jobs data showed an unexpected fall in the unemployment rate that’s expected to reinforce the Federal Reserve’s resolve to keep tightening monetary policy. Investors were also weighing a profit warning at a leading microchip maker. What’s happening The Dow Jones Industrial Average DJIA, -1.51%
The end of the pandemic boom in personal-computer sales looks like it is going to hurt chip makers more than investors — and the companies themselves — may have expected. Advanced Micro Devices Inc. AMD, -0.13% stunned Wall Street on Thursday with news that its third-quarter revenue would come in a whopping $1 billion less
Financial market volatility is up, major stock indices are down, and investors are suffering losses in almost every asset major class. Though the situation seems dire, it may be a good time to remind ourselves that investing for the long haul has always been the best strategy. Farsighted investors are increasingly focused on climate change,
Cassava Sciences (NASDAQ:SAVA) stock took off once again during September. Rumors about the Securities and Exchange Commission (or SEC) clearing its investigation of the scandal-tarnished biotech firm resulted in a big spike for SAVA stock on Sept. 22. While partially pulling back immediately after, as Cassava’s management dispelled the rumors, news indirectly related to the
Keith McCullough, founder and CEO of Hedgeye Risk Management, isn’t one to mince words in discussing financial markets, the Federal Reserve or the economy. Right now he has a few less-than-charitable things to say about how the Fed’s rate hikes have ground up stock and bond investors. His investment-research firm’s economic models turned bearish on stocks
The Electric Last Mile (OTCMKTS:ELMSQ) bankruptcy auction on Oct. 7 is the next big event for Mullen Automotive (NASDAQ:MULN). The question is whether this event will create more positives or more negatives for MULN stock. Mullen, a fledgling electric vehicle (or EV) maker, has placed a “stalking horse” bid for Electric Last Mile’s assets, which
The numbers: The trade deficit fell in August to a 15-month low of $67.4 billion, paving the way for a resumption of growth in U.S. gross domestic product in the third quarter. The deficit narrowed 4.3% from $70.5 billion in July, the government said Wednesday. It was the fifth decline in a row. Exports slipped
First, a confession: As someone who grew up rooting for the New York Mets, I’ve never paid much attention to the New York Yankees, the storied ball club that wears its “Yankee Pride” on its sleeve to a level that I find a little obnoxious. But I’ve been following Yankee outfielder Aaron Judge’s chase to
Interestingly, much of the news surrounding global movie-theater chain AMC Entertainment (NYSE:AMC) lately has nothing to do with films. Recently, AMC stock declined after the U.S. Securities and Exchange Commission (SEC) revealed it wouldn’t ban payment for order flow (PFOF). Then, shares fell sharply after AMC Entertainment filed to sell up to 425 million AMC