DoubleLine's Jeff Gundlach warns that stocks are as 'overvalued' as early 2022 – CNBC
Key Point DoubleLine CEO Jeffrey Gundlach warned Tuesday that the stock is trading at levels similar to the start of the last bear market. The historic stock bull market peaked about two years ago, with the S&P 500 hitting an all-time high on January 3, 2022. DoubleLine CEO Jeffrey Gundlach warned Tuesday that stocks are […]
The charts show the S&P 500 is at a very critical juncture. How to protect your portfolio – CNBC
The stock market is at a very important crossroads here, and following this morning’s hot CPI results, the reaction to this data could determine market trends over the next 3-5 months. While I remain bullish, I am acutely aware of the macro, fundamental, and sentiment-based risks facing this market at all-time highs. We outline our […]
Banks ask for help protecting customers from online romance scams – CNBC
The banking industry is seeking help from the federal government and the social media industry to stop an escalating crisis that costs Americans billions of dollars each year: online romance fraud. Such digital crimes have skyrocketed since the pandemic, as criminals reach out to lonely Americans on social media by posing as attractive partners. “We […]
Stocks making the biggest moves premarket: JBLUE, ANET, TRIP – CNBC
Check out the companies making headlines before the bell. JetBlue Airways — JetBlue Airways stock price plummeted after activist investor Carl Icahn deemed the company’s stock undervalued and revealed he owns 10% of the company. It soared more than 15%. Arista Networks — The computer networking stock fell more than 7% even though the company […]
Stock gains to survive a market correction if rate cuts are delayed, one economist says – CNBC
One economist said if the central bank cuts interest rates later than investors are currently pricing in, recent stock gains could be sustained through the end of the year and weather a mid-year market correction. Ludovic Soubran, chief economist at German financial services firm Allianz, said that although there are seasonal fluctuations, profits have declined […]
Stock futures slip after fresh Dow record, Wall Street looks to inflation data: Live updates – CNBC
2 hours ago Bank of America says slowdown in credit card spending in January is normal Bank of America says credit card spending may have decreased in January, but this is normal behavior. Spending activity in January was down 0.8% from the same month last year and 10.6% from December. “While there have been headlines […]
European stocks higher as sentiment remains cautious; Saab, Siemens Energy climb – CNBC
51 minutes ago BNP Paribas Wealth Management CIO says mid-cap stocks are part of the market rally Edmund Singh, Chief Investment Officer of BNP Paribas Wealth Management, discusses recent earnings reports and developments in the US and European stock markets. 3 hours ago Economists say profits are now more important than the macro environment for […]
Asia markets start holiday-shortened week mixed; India stocks edge lower – CNBC
2 hours ago India’s Paytm confirms resignation of banking director 4 hours ago Kiwi dollar falls after comments from Reserve Bank of New Zealand governor The New Zealand dollar fell 0.3% to $0.6130, slowing from the previous week’s rise of about 1.4%. Reserve Bank of New Zealand Governor Adrian Orr said the country’s current inflation […]
These global tech stocks are in Citi's 'high-conviction' list. One was given nearly 80% upside – CNBC
Tech stocks have already performed well, and investors may be wondering if there’s more to come. For example, the iShares Global Tech ETF, which is made up of tech stocks from around the world, returned more than 50% in 2023, beating the S&P 500’s 24% return. The ETF has continued its performance this year, up […]
Stock futures are little changed on Sunday night after a record week for the S&P 500: Live updates – CNBC
42 minutes ago The S&P 500 could end the year at 5,500, says InfraCap’s Jay Hatfield. The S&P 500 index hit a new all-time high this week, closing above a key milestone of 5,000 points on Friday afternoon. But Jay Hatfield of Infrastructure Capital Advisors thinks the index still has room to rise through 2024. […]