Stocks could crash nearly 50% and a recession might hit this year, B. Riley’s Paul Dietrich said.Yuichiro Chino/Getty Images The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, Paul Dietrich said. The elite strategist pointed to a massively overvalued market and cracks in the economy. Dietrich predicted inflation […]
ekapol/Getty Images The S&P 500 is likely to fall at least 5% in the coming months, one strategist predicted. CFRA’s Sam Stovall said a pullback tends to follow a great first quarter for the benchmark index. On the bright side, Stovall said the S&P’s full-year gain is usually over 20% after a stellar start. Brace […]
A bicyclist drives past a sign outside of a Nvidia office building in Santa Clara, Calif., Wednesday, May 31, 2023. (AP Photo/Jeff Chiu)Jeff Chiu/AP Photo Nvidia’s first-quarter earnings results this week could move the whole stock market. Its soaring revenue and profits have driven the bulk of the S&P 500’s earnings growth over the past […]
Ark Invest CEO Cathie Wood is the portfolio manager of the Ark Innovation ETF. – Getty Images Cathie Wood’s Ark Innovation ETF is struggling even as the U.S. stock market has jumped this year, with the fund unlikely to catch a bid until the Federal Reserve begins cutting interest rates, according to DataTrek Research. The […]
(Bloomberg) — From JPMorgan Chase & Co. to Citigroup Inc., Wall Street’s most prominent trading desks are warning that investors should gear up for a potential break in the calm that’s come over the market. Most Read from Bloomberg The options market is betting that the S&P 500 Index will move 1% in either direction […]
NanoStockk/ Getty Images Markets are still just in the first phase of an AI-led upsurge, Goldman Sachs wrote in a recent research note. Nvidia is the central piece in the opening inning, but analysts still see more upside in further phases of the AI story. The firm says eventually, AI will broaden to benefit other […]
Even bullish investors have been entertaining, or even welcoming, the prospect of a “healthy” correction in stocks after a nearly 30% runup since October lows. – Getty Images The S&P 500 has marched higher by nearly 30% over the past five months, prompting even bullish market strategists to entertain, or even welcome, the prospect of […]
Warren Buffett, CEO of Berkshire Hathaway, and former vice chairman Charlie Munger.JOHANNES EISELE/AFP via Getty Images Warren Buffett hailed Charlie Munger as the “architect” of Berkshire Hathaway in his annual letter. The investor also called out stock-market gamblers who buy “hot stocks” and “lottery tickets.” Buffett dismissed forecasters, warned Berkshire’s scale is a challenge, and nodded to […]
(Bloomberg) — Meta Platforms Inc. is poised to become Wall Street’s top comeback kid. Most Read from Bloomberg It was only a couple of years back the Facebook owner suffered the single biggest market value destruction in stock-market history. But the company has come a long way since then, on Thursday it dazzled shareholders with […]
David Rosenberg.CNBC There’s a recession looming that threatens to hammer stocks, David Rosenberg says. The veteran economist said the potential sell-off makes 2022’s decline look like an “appetizer.” Labor hoarding and debt-fueled spending can’t shore up the economy for much longer, he says. The economy is barreling toward a recession — and it could trigger […]