Elon Musk says that Tesla could someday be worth more than Apple and Saudi Aramco, combined. First, it needs to get through the next few months. Before Tesla (ticker: TSLA) reported third-quarter earnings this past week, investors had been hoping they would allay concerns that had been growing since theContinue Reading
Metals are looking to regain their luster after a punishing pullback. Time to take a bullish stance on metal mining giant BHP Group using a fusion approach with edge. shutterstock.com – StockNews Metal mania has turned into a metal meltdown. The red-hot rally that took prices to extremes has nowContinue Reading
Now that we’re into the second half of 2022, with the Independence Day holiday behind us, we can take stock of the changes that the last six months have brought. And those changes have been dramatic. As this year got started, the S&P 500 was coming off of a 27%Continue Reading
Don’t be duped by doomsayers, JPMorgan says — the S&P 500 will rebound to 4,900. Here are 3 stocks it’s using to bet on a bounce Looking at the S&P 500 right now, you might be convinced the stock market is destined for doom in 2022. The benchmark index roseContinue Reading
(Bloomberg) — Most Read from Bloomberg Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand. The increase for July shipments resumes a streak of hikes that started in February and was only brokenContinue Reading
(Bloomberg) — Tech shares drove a rebound in Chinese stocks as Beijing’s renewed pledge to step up growth lured back some buyers after weeks of intense selling. Most Read from Bloomberg The Hang Seng Tech Index jumped as much as 5.8% on Tuesday, while all key equity gauges across ChinaContinue Reading
Alibaba (BABA) made a stunning reversal on Wednesday after days of sell-offs, closing 37% higher, its biggest one-day gain since 2014. The move added almost $80 billion to the Chinese e-commerce giant’s market cap in one day. The comeback followed vows from Beijing to keep markets stable, hinting at anContinue Reading
A “Sold” sign is displayed outside a home under construction at a Lennar Corp. development in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images As the broader markets rallied to start the new year Monday, the homebuilding sector sold off. The iShares US Home Construction ETF lost 2.69% onContinue Reading
Chinese stocks currently look “very, very attractive,” but are unlikely to see a quick turnaround in the next few months, according to UBS Global Wealth Management’s Kelvin Tay. “I think China is cheap. If you look at the performance of China this year, on a relative basis, it has actuallyContinue Reading
(Bloomberg) — Dip purchasers returned to worldwide markets, sending stocks bigger and Treasury yields lower, as they guess Tuesday’s selloff had long gone far too considerably. Most Browse from Bloomberg Technologies shares, which had been at the heart of the rout, paced gains in Europe, although futures on the digital-heavyContinue Reading