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Down More Than 50%: Wells Fargo Sees an Appealing Entry Point in These 2 Stocks
It's difficult to put a positive spin on the current state of the stock market. While 2022's action has seen moments of relief, for the most part, the trend has been resolutely downbeat, as reflected in the main indexes' performances. All are down by at least double-digits; the tech-heavy NASDAQ's 27% drop has been the most acute, while the S&P 500 has often flirted dangerously close to bear market territory. That said, while it's hard to watch any owned stock sink to the bottom, the upside to t
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Why the Stock Markets Are Falling So Hard
Investors had plenty to worry about from the Fed to inflation and retail sales. It's fallen 10 of the past 11 weeks and suffered its largest two-week percentage decline since the end of October 2020. The lost 5.1% last week, notching its worst two-week percentage decline since late March 2020, just after the pandemic began creating havoc in the U.S. Year to date, it's tumbled 18.6%.
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Amazon Just Split Its Stock: Here's What Comes Next
Investors without access to fractional share purchases have had the chance to buy Amazon shares at a lower price for a week now, so it's time for shareholders old and new to refocus on the company's fundamentals. While Amazon Web Services is booming, Amazon's retail business is struggling. Amid all these cross-winds, here are the main issues investors should monitor for the rest of the year.
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Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according to research from mortgage data and analytics company Black Knight. It's driven in large part by mortgage rates rising and by how much refinancing activity has fallen as those rates have spiked, says Greg McBride, chief financial analyst at Bankrate.
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EV-Truck Startup Electric Last Mile Says It Plans to Liquidate
(Bloomberg) -- Electric Last Mile Solutions Inc. said it plans to liquidate through a Chapter 7 bankruptcy process, a decision that comes almost one year after the electric-vehicle startup went public and just four months after both its chief executive officer and chairman resigned.Most Read from BloombergChina Alarms US With Private Warnings to Avoid Taiwan StraitStocks, Bonds Fall on Inflation Shock; Yen Slumps: Markets Wrap'Party Like a Russian' Turns Toxic at Putin's Flagship ForumChina Warn
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Why This Oil Analyst Says Gas Prices May Head Even Higher, And What Will Bring Them Back Down
Matt Smith is the Lead Oil Analyst at Kpler, which is a leading provider of intelligence solutions for commodity markets. Benzinga had the opportunity to interview Smith and ask some questions regarding his outlook on the booming price of oil, which is on track to revisit the 2008 highs. What are your thoughts on the CPI data that came out on Friday? Yeah, you can see just with the market reaction to that, and really just the expectation of what the Fed is going to do next week, that's really dr
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Goldman Sachs and Wells Fargo Are Now Trading Below Book Value. Time to Pounce.
The old saw is to buy Goldman Sachs when it trades below its book value—and investors once again have that opportunity. Shares of Goldman Sachs Group (ticker: GS) declined 5.5% during Friday's selloff, ending at $287.56 each. Goldman now trades below its first-quarter book value of $293 a share, marking the first time since 2020 that the investment banking leader is fetching less than book, or shareholder equity per share.
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Bearish Bets: 3 Stocks You Should Consider Shorting This Week
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Bath & Body Works Inc. recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.
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Aggressive Fed Moves Back in Play as Yields Surge on CPI Shock
(Bloomberg) -- Investors rushed to price in more aggressive Federal Reserve rate hikes Monday as the US inflation shock continued to reverberate, sending two-year Treasury yields to a 15-year high and strengthening the dollar.Most Read from BloombergChina Alarms US With Private Warnings to Avoid Taiwan StraitStocks, Bonds Fall on Inflation Shock; Yen Slumps: Markets Wrap'Party Like a Russian' Turns Toxic at Putin's Flagship ForumChina Warns of Risk of War Over Taiwan While Pledging PeaceChina Is
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These 3 High-Dividend Canadian Stocks Are Worth a Look
When searching for great dividend stocks, there is a wide variety of factors to consider. Among them are earnings durability, recession resilience, dividend safety, and competitive advantages. Canadian stocks listed in the US tend to be undervalued relative to industry peers based in the US, and that not only means the margin of safety is better for the shareholder, but dividend yields are higher as well.
Source: https://finance.yahoo.com/news/mcdonalds-usa-unveils-next-big-130000851.html
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