Here are some predictions for 2023 for the financial markets, economy and stocks. I’ve spent the past year and a half being cautious following the bull market bubble that finally ended in early 2022. After this turbulent year, perhaps now is a good time for us to see the economy turn into something healthy for …
11 predictions for money, technology, stocks and crypto for 2023 Read More »
Wall Street often gets it wrong when it comes to anticipating where stocks might trade a year from now. But in 2022, its forecasters were expected to miss the target by the biggest margin in nearly 15 years, according to data compiled by FactSet. Stock analysts on Wall Street were on course to overestimate the …
One of Wall Street’s most relentless bulls has explained why he thinks US stocks can continue to rally through the end of the year after October’s game-changing inflation data on Thursday. Tom Lee, head of research at Fundstrat, said in a note to clients dated Friday that while “inflationists” doubt October’s weaker-than-expected inflation reading could …
Last week offered a story of two markets, with gains for the Dow Jones Industrial Average putting the premier gauge on track for its best October on record while Big Tech heavyweights suffered a bombardment that reminded market veterans of the dot-com bust in the early 2000s. “You have a tussle,” Dan Suzuki, deputy chief …
Last week offered a story of two markets, with gains for the Dow Jones Industrial Average putting the premier gauge on track for its best October on record while Big Tech heavyweights suffered a bombardment that reminded market veterans of the dot-com bust in the early 2000s. “You have a tussle,” Dan Suzuki, deputy chief …
Shares of Intel Corp. rose after hours on Thursday after the chipmaker beat Wall Street’s profit estimates for the quarter and PC chip sales rose slightly than expected, while the company again cut its outlook for the full year and said it plans to cut costs. $3 billion in 2023, including layoffs. Intel INTC shares …
Intel stock rises on earnings, layoff plans, billions in planned cost cuts Read More »
An earlier version of this story misrepresented the date of the US midterm elections. They will take place on November 8 and not on November 9. Despite a series of risky events facing investors over the next few weeks, some on Wall Street believe the latest bearish rally in stocks has more room to maneuver. …
