Macro data says hike, financial (in)stability says hold; BofA says 25bps hike coming
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- Stocks and yen struggle as tech troubles weigh
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen at multi-decade lows, dollar drops before US data
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
'This may be the most widely anticipated recession in recent memory' - Citi
March 17, 2023 7:44 AM EDTScott Chronert, Citi U.S. equity strategist, is growing more positive on stocks as he believes earnings will be more resilient relative to prior recessions.
As a result, Chronert reiterated his S&P 500 targets: 3700 (mid-year) and 4000 (year-end). Citi urges investors to buy below the former and sell above the... More
Wells Fargo sees FOMC pausing hikes next week: 'we look for the Committee to pause next week'
March 17, 2023 6:46 AM EDTWells Fargo Sees FOMC Pausing Hikes Next Week: 'we look for the Committee to pause next week'.
Analyst Jay Bryson comments "We look for the FOMC to briefly pause its tightening efforts to ensure the situation is under control. In our view, the last thing the FOMC... More
