History Says Bear Market Ends in October with S&P 500 at 3020 - BofA's Hartnett
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- S&P 500 falls as AI worries hit software makers
- Brent crude hits six-week high near $97 as Houthi strike targets Saudi Aramco
- Qualcomm stock surges 9.5% on Amazon AI deal & 25M share warrant
- Energy stocks rise premarket as oil prices climb on Middle East supply fears
- Novartis shares plunge 10% as failed drug trial clouds growth outlook
- Citi initiates UiPath coverage with Buy rating and $23 target
- Harry and Meghan surprised by King Charles' letter on their status
- S&P 500 falls as AI worries hit software makers
- WestPark Capital Starts Akebia Therapeutics (AKBA) at Buy
- After an 18% summer selloff in chip stocks, Citi asks what comes next
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
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Deutsche Bank on FedEx (FDX): 'the weakest set of results we've seen relative to expectations in our ~20 years of analyzing companies'
September 16, 2022 11:45 AM EDTDeutsche Bank on FedEx (NYSE: FDX): 'the weakest set of results we've seen relative to expectations in our ~20 years of analyzing companies'/
Analyst Amit Mehrotra comments "FedEx preannounced the weakest set of results we've seen relative to expectations in our ~20 years of analyzing... More
Stocks are Cheaper, But Still Not Cheap as Multiples Remain 'Far Too High' - BofA
September 16, 2022 8:32 AM EDTThe Fed has more work to do, Bank of America strategist Savita Subramanian tells clients in todays note.
History tells us that if the Fed starts to ease prematurely, we may witness a fresh wave of inflation. In this case, market volatility in the short-run may be a smaller price to pay.
On the valuation front, Subramanian notes... More
We Continue to See Rate Cuts Beginning in 2024 - Morgan Stanley
September 16, 2022 5:29 AM EDTMorgan Stanley Chief U.S. Economist Ellen Zentner: "We expect the FOMC to raise rates by 75bp at its September meeting and upwardly revise the projected peak rate to 4.1% at end-2023, and we continue to see rate cuts beginning in 2024. Our strategists maintain 1s10s flatteners and paying the
June FOMC."
