TipRanks
Jim Cramer Says It’s Time to Buy the Dip in Profitable Tech Stocks; Here Are 2 Names Analysts Like
Markets have well and truly changed direction from last year’s bullish trends. The downward shift has brought us a major selloff, and declines of 27% and more in the tech-heavy NASDAQ index. For investors, it’s a situation that requires a close watch on the markets, and clear eye for the opportunities that will pop out as conditions change. It’s also a situation in which investors can use expert advice. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, tells investors that when the
MarketWatch
When is it safe to start buying stocks again? We’re not there yet, but these are the six signs to look for
Big stock market drawdowns like the current one often end with a selling frenzy, called capitulation. “It’s a basket of things, but when they start to pile up, it gives me more confidence,” says Larry McDonald of the Bear Traps Report. While several investor sentiment opinion polls suggest extreme negativity, you don’t see the same signal when you look at what they are actually doing with their money, says Michael Hartnett, Bank of America’s chief of investment strategy.
Bloomberg
Scrutiny of Elon Musk’s Twitter Moves Intensifies in Washington
(Bloomberg) — Elon Musk’s bid to buy Twitter Inc. is facing more scrutiny in Washington following a report that the US Securities and Exchange Commission is probing whether he broke rules last month when disclosing a large stake in the social media platform.Most Read from BloombergDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayNike Escalates StockX Feud, Says Site Is Selling Fake ShoesHighest Inflation in America Is Punishing a Texas Town and Its ResidentsStocks Slide as US Cu
Bloomberg
Crypto Billionaires’ Vast Fortunes Are Destroyed in Weeks
(Bloomberg) — It’s been a long few weeks since the crypto crowd was partying in Miami.Most Read from BloombergDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayNike Escalates StockX Feud, Says Site Is Selling Fake ShoesHighest Inflation in America Is Punishing a Texas Town and Its ResidentsStocks Slide as US Curve Flattens After Hot CPI: Markets WrapTerraUSD Stablecoin Plunges as Crypto Market Awaits RescueCoinbase Global Inc. founder Brian Armstrong had a personal fortune of $13
MarketWatch
Investors haven’t begun to price in recession: Here’s how far the S&P 500 could fall
The battered S&P 500 index is not pricing in a recession, according to DataTrek Research. “At 4,000, the recession odds imbedded in S&P are close to zero,” said DataTrek co-founder Nicholas Colas in a note emailed Tuesday. The S&P 500 (SPX) a stock benchmark measuring the performance of large U.S. companies, has dropped more than 16% this year after closing Monday at 3,991.24.
TipRanks
The Bottom Is in for These 2 Stocks? Oppenheimer Says ‘Buy’
There’s really no use denying the headwinds that are pushing the markets around these days. Persistently high inflation, slowing GDP growth, and a jobs market that, while expanding in absolute terms, is still down from pre-pandemic levels are feeding fears that we’re facing a round of ‘70’s-style stagflation. And these have combined with geopolitical factors – the Russia-Ukraine war, the resumption of severe lockdown policies in China – to ratchet up worries about recession in the near term. At
American City Business Journals
Moderna fires new CFO after one day
Moderna Inc.’s new chief financial officer is gone after about a day on the job, following a disclosure by his previous employer involving an internal financial investigation.
Motley Fool
Why Paysafe Stock Is Falling Hard Today
Shares of Paysafe (NYSE: PSFE), a payments platform company, were falling this morning after the company missed Wall Street’s consensus revenue estimate for the first quarter. The financial technology stock was down by 10.7% as of 10:48 a.m. ET on Wednesday. Several things disappointed Paysafe investors this morning, including the fact that the company’s first-quarter sales of $367.7 million dropped 3% from the year-ago quarter and missed analysts’ average estimate of $371.6 million.
Bloomberg
Boeing Shares Rise as CFO Points to Signs of Turnaround
(Bloomberg) — Boeing Co. would consider selling stock to repair its balance sheet if its battered shares recover and the company hits milestones like finally restarting 787 Dreamliner deliveries, Chief Financial Officer Brian West said.Most Read from BloombergDon’t Bother Paying Off Student Loan Debt Right Now, Advisers SayNike Escalates StockX Feud, Says Site Is Selling Fake ShoesHighest Inflation in America Is Punishing a Texas Town and Its ResidentsStocks Slide as US Curve Flattens After Hot
Reuters
Tumble in Coinbase pushes Wood’s ARK fund closer to pandemic low
A collapse in cryptocurrency company Coinbase Global Inc pushed star stock picker Cathie Wood’s ARK Innovation ETF down nearly 8% on Wednesday, putting it within 10% of its low touched in March 2020 at the start of the coronavirus pandemic. Coinbase, the fund’s second-largest holding at nearly 7% of assets, fell more than 28% to record lows Wednesday after the company missed first-quarter estimates and its chief executive said the company had no risk of bankruptcy. The declines in Coinbase added to the pain for Wood’s ARK Innovation fund this year.
