Bank of America Strategist Michael Hartnett (BAC) warns of trouble ahead with the S&P 500 (^GSPC), claiming it’s at risk of dropping another 5% after falling below 4200, just shy of a technical correction. Stocks across the board have seen a decline in recent months due to seasonal trends as well as a myriad of economic headwinds from geopolitical conflicts to higher interest rates, and more. Many investors were looking forward for a strong performance from the Magnificent Seven, but so far, those stocks have not been able to turn the market around. Yahoo Finance Anchors Seana Smith and Diane King Hall break down Hartnett’s comments, the tech sector’s quarterly […]
Small cap stocks, as represented by the Russell 2000 index (IWM), have reached their lowest levels since President Biden’s election, breaking below the 23-month low and 80-month low. This contrast from the larger-cap S&P 500 (SPY) is a “recession indicator” according to Michele Schneider, Chief Strategist at Marketgauge.com. Yahoo Finance’s Jared Blikre is joined by Michele Schneider to analyze the technical charts of the S&P 500, Nvidia (NVDA), and Russell 2000 indexes, examining the corrections and interpreting the market signals. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo […]
Early Friday morning, U.S. fighter jets targeted Iran-backed facilities in Syria. Yahoo Finance Senior Columnist Rick Newman explains how this may further tension in the Middle East region as the Israel-Hamas conflict also escalates, while also commenting on how newly elected Speaker of the House Mike Johnson (R-La.) could vote on President Biden’s proposed aid to Israel and Ukraine. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #Iran #Syria About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage […]
The Personal Consumption Expenditures (PCE) price index — the Fed’s preferred inflation measuring tool — rose 0.4% in September and 3.4% year-over-year. Core PCE came in line with economic forecasts, cooling to 3.7%. DoubleLine Deputy Chief Investment Officer Jeffrey Sherman sits down with Yahoo Finance Live to talk about what the new inflation print could mean for the Fed’s interest rate strategy ahead of its November FOMC meeting. “When I look at the report, too, on PCE, there’s a little disconcerting behavior in here,” Sherman says, adding: “When you continue to look at this all year, we’ve seen an increase in spending that outstrips the increase in earnings on the […]
JPMorgan Chase CEO Jamie Dimon (JPM) will be selling one million shares of his stake in the bank, according to a regulatory filing. The sales will be scheduled starting in 2024. The filing says Dimon is selling the shares for “financial diversification and tax-planning purposes.” The filing also states that “Dimon continues to believe the company’s prospects are very strong and his stake in the company will remain very significant.” Dimon’s currently owns about 8.6 million JPMorgan shares. It is his first stock sale since becoming the bank’s CEO. Yahoo Finance Live discusses the move and what it means for the bank. For more expert insight and the latest market […]
The AI buzz has turned a new leaf—with companies moving from the phase of expressing interest in incorporation to investors expecting evidence of adoption. John Chambers, Former Cisco Executive Chairman & CEO joins Yahoo Finance’s Brian Sozzi to break down what investors should consider and how tech companies —both big and small— have to get ahead of the game. Chambers insists that AI is essential, stating “those companies that get AI right are going to see explosive growth”. Investors are making “careful selection” and in order to stand out, there has to be a strong incorporation strategy, notes. Chambers. Chambers further harps on his point of the need for AI […]
Disney (DIS) stock has plummeted by over 50% over the past two years. Yahoo Finance Entertainment Reporter Alexandra Canal outlines the uncertainty surrounding various factors, including CEO Bob Iger’s renewed tenure after former CEO Bob Chapek’s departure and the media company’s restructuring of streaming and linear TV assets.For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb #youtube #Disney #stockmarket About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With […]
Amazon’s (AMZN) third quarter earnings topped Wall Street estimates. Earnings of $0.94 per share topped expectations of $0.58. Net sales of $143.08 billion beat estimates of $141.56 billion. JMP Securities, a Citizens Company, Equity Research Analyst Nick Jones tells Yahoo Finance Live anchors Julie Hyman and Josh Lipton that the numbers were “solid.” Referencing the stock’s initial pop in after-hours trading, Jones suspects it’s because of operating income margins that “look really good.” Jones says that he thinks the company is “pulling all the various levers they have across their businesses units to kind of give investors what they’re looking for, which is better operating income margin.” For more expert […]
The United Auto Workers (UAW) union has reached a tentative deal with Ford — a four-year contract that includes most of the union’s demands, including wage hikes. Now the next question for the automaker is looking to be: How soon will Ford resume production? Autoblog Editor-in-Chief Greg Migliore says the automaker is already on it. “They [Big Three automakers] know what they’re doing”, Migliore tells Yahoo Finance anchor Rachelle Akuffo. Migilore expects “clear, structured labor costs” over the next four years to meet the demands of the union. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to […]
U.S. GDP grew by 4.9% at an annual rate in the third quarter of the fiscal year, defying a multitude of expectations of a slowdown. Some believe that a recession is on the way, as economic headwinds continue to spook investors and Treasury bond yields spike. Canaccord Genuity Chief Market Strategist Tony Dwyer is one such person, claiming investors need to brace for that eventuality. He joins Yahoo Finance anchors Julie Hyman and Josh Lipton to give insight into what he believes to be an inevitability. Dwyer postulates that a recession will be necessary to finally get the Fed to make major changes: “Earlier this week, we made [a] new […]
