Investor sentiment has been improving, but the contrarians haven’t gone silent. Legendary British investor Jeremy Grantham is predicting hard times ahead, as he lays out his case for doom and gloom to cast a shadow on the markets. In Grantham’s view, the pandemic stock gains were a bubble, and thatContinue Reading
Clean tech and green energy sectors are on the cusp of a strong multiyear growth run. That’s the opinion of Morgan Stanley’s 5-star analyst Stephen Byrd who notes that political will is likely to support the practical benefits of clean and renewable energy to create a favorable environment for ‘cleanContinue Reading
American Airlines shares rose more than 4% in morning trading Thursday after the carrier hiked its revenue and profit estimates for the fourth quarter thanks to strong demand and high fares. Other airlines’ shares also rallied. American said in a securities filing it estimates revenue rose as much as 17%Continue Reading
After finishing in the black on Friday, markets started this week with additional gains – although year-to-date the S&P 500 has slipped back into the bear territory. The recent high volatility comes in the wake of the Fed’s interest rate hike last week, and the intention to keep rates highContinue Reading
Adobe shares rose as much as 4% late on Tuesday after the software maker issued guidance for the next fiscal year that fell short of expectations, but blamed some of the shortfall on a stronger dollar and unfavorable foreign exchange rates. For the 2023 fiscal year, Adobe called for $15.15Continue Reading
Everyone is hoping the market might be bottoming and by the recent actions of Bank of America clients, some evidently think the lows must be in sight. Last week, BofA customers splashed out $6.1 billion on US stocks, in what amounted to the third largest inflow since 2008. While theContinue Reading
As he gears up for his next intake of students, Yuan Ding has no doubts about the surging appetite for high-quality business education in Asia — but rather more about how far constraints beyond his control will limit his ability to provide it. Against the backdrop of the Covid pandemic,Continue Reading
If the U.S. midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleaguered investors whose stock holdings have suffered double-digit losses so far this year. A meaningful rally couldContinue Reading
Ready to go bottom fishing again? Any good angler can tell you that there’s plenty of good eating just waiting at the bottom of the creek, or the pond, or the lake. The same concept also holds for stocks – investors can always find some quality equities down at the marketContinue Reading
Investor concerns have yet to abate, with worries given some added impetus last week when Fed Chair Jerome Powell said bluntly that the central bank is not done raising interest rates – and that the next couple of years are going to hurt. In one way, this is good news,Continue Reading