Archive List for stocks

Labor market is ‘still hot,’ economist explains

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yahoo finance

The November JOLTS report (Job Openings and Labor Turnover Survey) saw job openings come in slightly below estimates, ahead of Friday’s jobs report. Mizuho Securities USA Chief Economist Steven Ricchiuto joins Yahoo Finance Live to discuss expectations for the labor market in 2024. Ricchiuto notes that current data shows the “labor market remains very, very tight.” He explains that workers getting fired and re-entering the job market are finding new jobs quickly, pointing to the tremendous amount of openings. This proves “the labor market is still hot,” Ricchiuto says. “People really, really want the Fed [Federal Reserve] to cut interest rates,” he adds. However, with an average quarterly GDP growth […]

Stifel analyst discusses why Nvidia stock is a ‘best idea’ for 2024

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yahoo finance

Nvidia (NVDA) had a momentous 2023, thanks to its AI chips and well over 200% gain in its stock price. But with potential economic headwinds, increased competition, and regulations on what it can ship to China, can that success carry into 2024? Stifel Applied Technology Analyst Ruben Roy thins it can. He joins Yahoo Finance to discuss why he believes Nvidia is a good idea for any investor’s portfolio. Roy explains why Nvidia is so dominant in the sector: “Nvidia came up with a software stack, CUDA, that is the ecosystem of AI right now. If you look at Apple (AAPL) and iOS, the way we’re thinking about it is, […]

Wells Fargo is bullish on Uber in 2024

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Wells Fargo names ride-share company Uber (UBER) a top mobility stock for 2024 after seeing massive gains in 2023. Wells Fargo Senior Analyst Ken Gawrelski comments on Uber’s growth outlook moving into 2024 and its dominant market share over competitor Lyft (LYFT). “We’re roughly [at] 70/30 market share, a couple points here or there. Uber with the leadership share, Lyft at the number two spot,” Gawrelski tells Yahoo Finance. “I would call this a pretty rational duopoly, and certainly they fiercely compete for riders and drivers. #Telsa #stockmarket #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and […]

‘Fed begins to cut rates in June,’ Deutsche Bank economist forecasts

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yahoo finance

Richmond Federal Reserve President Tom Barkin spoke in North Carolina on Wednesday morning saying “A soft landing is increasingly conceivable, but in no way inevitable.” Many on Wall Street are patiently awaiting the Fed’s next move. Matthew Luzzetti, Deutsche Bank Chief US Economist joins Yahoo Finance to discuss what he expects from the Fed in terms of its next move and how the economy may react. “Our baseline is that the Fed begins to cut rates in June, that they cut rates by 175 basis points over the course of the year. That’s a little bit delayed relative to market pricing at the moment. It was quite aggressive relative to […]

Moderna stock upgraded to outperform by Oppenheimer & Co

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Oppenheimer & Co Analyst, Hartaj Singh, recently upgraded Moderna (MRNA) shares to “Outperform,” with a price target of $142 per share. News of the upgrade has caused shares of the stock to trade over 13% higher on Tuesday. Hartaj Singh joins the Live show to discuss why he upgraded the stock and take a deeper dive into Moderna’s performance going forward. Singh explains that with he expects Covid-19 demand to be bottoming, adding that “if you believe that Covid-19 vaccine sales have… hit a bottom going forward, that essentially funds their pipeline and that pipeline is very important… there are some material catalysts that are coming.” #Moderna #stockmarket #youtube About […]

How Delta stands to capitalize on travel demands in 2024

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yahoo finance

2024 may turn out to be a strong year for travel demand, potentially breaking pre-pandemic records. Airlines stand to capitalize, making them a viable option for investor portfolios. Citi Managing Director and Equity Analyst Steve Trent joins Yahoo Finance’s Julie Hyman for the latest edition of Good Buy or Goodbye where he provides insight into the investment outlook for the travel industry for 2024. Trent states his “Good Buy” is Delta Air Lines (DAL). Its loyalty program is robust, with an already large customer pool, that makes up a sizable piece of Delta’s revenue. Trent argues that Delta has one of the strongest brands against other airlines, citing success despite […]

Market risks in 2024: What investors need to watch with AI, the Fed, credit, commercial real estate

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yahoo finance

Torsten Slok, Apollo Global Management Chief Economist spoke to Yahoo Finance anchors Julie Hyman and Josh Lipton to discuss potential risks to markets in 2024 that investors should be aware of. With many economic headwinds to weather in 2024, questions arise around the status of consumer spending going forward. Slok explains that consumers are beginning to run out of excess savings which is leading to decreased spending, plus the combination of mortgage rates and resuming of student loans which could be a significant blow to consumer spending. “At the same time, because of the Fed deciding to turn more dovish and the market interpreting that in a more dovish way, […]

Wall Street is forecasting another year of gains for the Magnificent 7

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The high-flying ‘Magnificent Seven’ mega-cap tech stocks that powered markets in 2023 seem poised to extend their leadership in 2024. According to FactSet data, six of the seven including Microsoft (MSFT) and Nvidia (NVDA) are projected to rise an average of 11% this year, with only a negative return seen for Tesla (TSLA). #tech #youtube #stockmarket Yahoo Finance’s Josh Lipton and Julie Hyman break down the details. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo […]

Emerging markets hit by concerns in China

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Emerging markets (EEM, EMXC) are trending down on the first trading day of 2024 as Chinese markets have had one of its worst starts to a year since 2019. Last month, China injected a stimulus of $50 billion into banks hoping to send some momentum into its economy. Yahoo Finance’s Jared Blikre joins the Live show to discuss what is going on with Chinese markets and how emerging markets could play out going forward. #yahoofinance #stockmarket #youtube About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the […]

Tesla reports 485,000 EV deliveries in Q4 2023

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Tesla (TSLA) topped EV delivery estimates for fourth-quarter 2023, reporting a total of 484,507 for the quarter and nearly 1.81 million for the year. Yahoo Finance Autos Reporter Pras Subramanian breaks down Tesla’s EV delivery and production figures for 2023, and how the Texas-based manufacturer competed with Chinese EV makers like BYD (BYDDY) in 2023. #Tesla #youtube #yahoofinance About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. – Get the latest news and data at finance.yahoo.com – Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) – […]