key stock market drivers and how he’s trading the market

It’s been a tough year for markets, as investors grapple with a strong US dollar, stubbornly high consumer prices and the prospect of higher-for-longer interest rate hikes. “The market backdrop is very much dominated by the actions of central banks and what appears to be increasingly hawkish rhetoric. It will be the path of inflation, … Read more

FedEx, McDonald’s, Lucid and more

Here are Tuesday’s biggest calls on Wall Street. Goldman Sachs downgrades Keurig Dr Pepper to neutral from buy Goldman said it sees increased risk to Keurig ‘s margins amid higher coffee prices. “We now see a more balanced risk / reward and therefore downgrade the stock to a Neutral rating from a Buy given our … Read more

5 things to know before the stock market opens Friday, September 23

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, September 9, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Is this week over yet? US stock futures fell Friday, putting markets on course for … Read more

FedEx’s warning reflects both global economy and internal shortcomings

A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Joe Raedle | Getty Images FedEx warned of weakening global shipping demand in a preliminary earnings report last week, leaving the market scrambling to determine whether the problems reflect internal company shortcomings or a broader economic diagnosis. CEO Raj Subramaniam pointed … Read more

My big worry with the Fed and why we’re in a holding pattern

There’s a broad perception that Federal Reserve Chairman Jerome Powell does not care one whit about corporate news. He’s strictly a creature of broad government economic reports – the consumer price index, the producer price index, industrial production, retail sales and, of course, the nonfarm employment numbers. He also cares about what his fellow Fed … Read more

How Powell and the Fed may react to FedEx warning

CNBC’s Jim Cramer on Friday said that FedEx’s warning of worsening economic conditions suggests the Federal Reserve is doing better in its inflation effort than expected – meaning the central bank could take a step back after its meeting next week. “If Fed chief Jay Powell watched our interview last night… he might discover that … Read more

Fed meeting ahead will decide whether stocks can stabilize or fall back to bear market lows

The Federal Reserve is expected to raise interest rates by another three-quarters of a point Wednesday, but it is what it signals about future rate hikes that will drive markets. The central bank’s two-day meeting Tuesday and Wednesday comes in a week where investors will also be on high alert for more guidance about corporate … Read more

Amazon, FedEx, Tesla, Apple, Snowflake

Here are Friday’s biggest calls on Wall Street: KeyBanc reiterates Apple as overweight KeyBanc said Apple shares remain attractive. “We recommend owning AAPL. Our KFLD (KeyBanc First Look Data) shows Indexed Spending was + 2.0% m / m in August, vs. the three-year avg. Of + 1.0%. Positively, QTD data appears to be tracking +15 … Read more

5 things to know before the stock market opens Friday

Here are the most important news items that investors need to start their trading day: Traders work on the floor of the New York Stock Exchange during afternoon trading on September 13, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images 1. Stock futures fall Wall Street was headed … Read more

Wall Street’s favorite value stocks include a media giant that could surge 55%

This year’s tumble in stocks has led many on Wall Street to look at a previously underappreciated part of the market: value. Value stocks are those names that typically trade at a low multiple relative to the broader market and have stable fundamentals. In recent years, investors had been shunning value names in favor of … Read more