Finance

Despite the market’s wild swings, Wall Street bull John Stoltzfus is encouraged by what he’s seeing in the markets  and economy. Stoltzfus is putting money on it: He’s overweight U.S. stocks. “The U.S. is outperforming most of the markets around the world — whether it’s developed markets or emerging markets,” Oppenheimer Asset Management’s chief investment strategist
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Check out the companies making headlines in the premarket Friday: Home Depot (HD), Lowe’s (LOW) — An analyst at Oppenheimer downgraded both of the home improvement companies to “perform” from “outperform.” He also lowered his price targets on the two stocks, noting that, near term, “we’re increasingly concerned that the market is becoming too lax toward chances
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Money manager Kevin Nicholson expects the stock market to stabilize and rise in early 2021. But the co-chief investment officer of global fixed income at RiverFront Investment Group warns it’ll come at a cost to the jobs market. “Companies are going to right-size their business,’ Nicholson told CNBC’s “Trading Nation” on Thursday. “This is going
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Check out the companies making headlines before the bell: Snowflake (SNOW) — Shares of Snowflake dropped more than 6% after the cloud company’s shares more than doubled at its market debut on the New York Stock Exchange. The initial public offering marked the largest software debut ever. Snowflake was worth $70.4 billion at the end of Wednesday’s trading, more
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Institutional Investor Hall of Famer Richard Bernstein predicts more momentum in stocks closely tied to the economy. He expects more enthusiasm surrounding the state of the recovery will drive more investors away from richly valued mega cap growth names, which include big tech high flyers.  “If you’re buying them today at these types of valuations,
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LONDON – Grenke, a German financial services provider, is under investigation after a report by a short-selling investor research company alleged it of market manipulation, money laundering and fraud. The 64-page report, which Grenke strongly rejects, was published by Fraser Perring of Viceroy Research. Shares of Grenke, which is listed on the Frankfurt Stock Exchange,
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BTIG’s Julian Emanuel warns another deep market pullback is coming despite Monday’s comeback. The firm’s chief equity and derivatives strategist sees evidence in trading activity that retail investors are still over-exposed to the market’s high flyers. “Rather than fear being priced in the options market, there’s fear of missing out. The price of out of
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