Dow Jones, Nasdaq, S&P 500 weekly preview: Stocks rally could extend - analysts
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Final lows for tech sector still to come claims Morgan Stanley
March 6, 2023 1:52 PM ESTMorgan Stanley's Andrew Pauker told investors in a note on Monday that the final lows for the tech sector are still ahead, and for now, the firm prefers quality and defensive exposure.
"History suggests that Tech bottoms coincidently with the overall equity universe in bear markets, modestly... More
CrowdStrike (CRWD) gains on DELL partnership
March 6, 2023 10:03 AM ESTShares of CrowdStrike Holdings (NASDAQ: CRWD) jumped 2.15% in early trading on Monday after the tech company announced that they have entered into a new strategic alliance with Dell Technologies (NYSE: DELL). The alliance was formed to help organizations prevent, detect and respond to cyber threats with frictionless and cost-effective offerings, and entails targeted offerings for businesses of all... More
Fed 'unlikely' to hike by 50 basis points in March - Citi
March 6, 2023 8:59 AM ESTHannah Sheetz, a Global Macro Quant Strategy Associate at Citi, told the brokers clients that the Federal Reserves are unlikely to hike by 50 basis points later this month. Instead, the Fed is likely to increase its benchmark interest rate by 25 bps.
If core CPI accelerates further to +0.5%MoM and... More
U.S. stocks to peak in Q1, reduce exposure before weakness settles in - JPMorgan
March 6, 2023 7:12 AM ESTMislav Matejka, the equity strategist at JPMorgan, warned investors that divergences continue to increase as equity prices are rising while earnings are falling.
The strategist warns that positioning has largely normalized, hence it will no longer act as a tailwind. Similarly, sentiment is far from negative now, actually Matejka describes it as hopeful given that a recession is not a base case anymore for most.
The light positioning and the overly bearish sentiment that we were... More
S&P 500 could rally to 4150 if dollar and rates continue to fall - MS Wilson
March 6, 2023 6:37 AM ESTS&P 500 and other major U.S. indices rallied strongly late last week in response to the failed attempts by bears to break below the key near-term support. This zone around 3930-3940 is marked by the 100 and 200 and daily moving average lines, which facilitate a strong rebound when tested on Thursday.
More... More
