My Top 10 Things to Watch Thursday, December 8, 2022 1. U.S. stock futures point to a higher open after the S&P 500 fell five straight sessions, including strong back-to-back declines on Monday and Tuesday. Fear that interest rate hikes by the Federal Reserve could tip the economy into recession has dogged Wall Street lately. …
Seasonal trends are an often-discussed topic on Wall Street, especially at this time of year as the market approaches the so-called “Santa Gathering” window in late December. This year’s bear market certainly has investors hoping for a bit of holiday cheer. So we thought we’d take a look at what the Santa’s Rally phenomenon is …
The market is so obsessed with technology that it cannot see the forest through the industrialists. If the talk isn’t about the cloud slowdown, it’s about who is stepping down from the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor has left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) might sneeze …
All major stock averages closed higher for the week thanks to a Friday afternoon rally that pushed the Dow back into positive territory. Several key economic reports drove the action, including the ADP November Nonfarm Payrolls and Employment Reports and the October Personal Spending Report. Most important, perhaps, was Federal Reserve Chairman Jerome Powell’s comment …
Expect more turmoil after a week of mixed market signals Read More »
After years of seemingly limitless expansion, America’s tech industry has hit a wall. Companies are in cash-preservation mode, resulting in thousands of job cuts per month and a wave of layoffs in November. While the sudden loss of a paycheck can be devastating for anyone, especially during the holiday season, the recent wave of cuts …
Tech layoffs send visa holders on frantic job search to avoid deportation Read More »
A shopper loads a car with bottled water at a Costco wholesaler in Chingford, Britain on March 15, 2020. John Sibley | Reuters Find out which companies are making headlines in the midday business. Selling power – Shares of the cloud-based software company fell more than 9% after the company announced the sudden departure of …
The stocks that move the most at noon: Salesforce, Five Below, Okta, Costco and more Read More »
My top 10 things to watch Thursday, December 1, 2022 1. The new seasonal bull month starts higher after Wall Street closed a strong November with a powerful rally led by the Federal Reserve on Wednesday. Fed Chairman Jerome Powell said smaller future interest rate hikes are likely after four straight increases of 75 basis …
Bret Taylor, co-CEO of Salesforce.com Inc., right, and Marc Benioff, co-CEO of Salesforce.com Inc., wear bunny ears while speaking at the Dreamforce 2022 conference in San Francisco , Calif. on Tuesday, September 20, 2022. Marlena Sloss | Bloomberg | Getty Images Selling power said Wednesday that Bret Taylor will step down as co-CEO on Jan. …
Bret Taylor steps down as co-CEO of Salesforce, leaving Marc Benioff alone at the helm Read More »
The November jobs report is the big event for markets in the coming week, and it could provide important information on the trajectory of Federal Reserve interest rate hikes. Stocks were higher in the shortened holiday week, with the S&P 500 rising as Treasury yields slipped and the dollar weakened. The post-Thanksgiving week will be …
November jobs report and the Fed matter most to markets in the week ahead Read More »
Following a historic stock market rally on Thursday, the best single-session gain in more than two years, we wanted to provide members with a quick update on our current thoughts on the 32 stocks held in Jim Cramer’s Charitable Trust. , which we use as our club’s portfolio. Apple (AAPL): Own it, don’t trade it; …
