Wall Street has issued downbeat forecasts for the stocks in this article.
These predictions are rare - financial institutions typically hesitate to say bad things about a company because it can jeopardize their other revenue-generating business lines like M&A advisory.
According to the Journal, about 11 candidates are being considered for the highly influential post, including Fed Governors Christopher Waller and Michelle Bowman.
The stocks in this article are all trading near their 52-week highs.
This strength often reflects positive developments such as new product launches, favorable industry trends, or improved financial performance.
Among the economic catalysts for Wednesday’s session will be the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey results for July and the Federal Reserve’s Beige Book report.
Wall Street is buzzing with a familiar, yet unsettling, narrative: the increasing concentration of market value in a handful of mega-cap technology companies, leading to valuations that harken back to the infamous dot-com bubble. This top-heavy market structure is raising red flags among experts, who warn of potential fragility and
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
Potential members of a new group include Morocco, Rwanda, Malaysia, Uruguay, Costa Rica, Panama, Paraguay and Norway, although the final member list of the group hasn’t been confirmed yet.
Alibaba shares surged over 10% in Friday’s midday trade after the company was reported to be developing a new AI chip to fill the void left by Nvidia due to regulatory hurdles.
Federal Reserve Governor Christopher Waller said late Thursday that the central bank should cut the Fed funds rate now, but suggested that he would rely on incoming data to decide the pace and magnitude of future rate reductions.
With Cook resisting the move, the immediate onus is on Fed Chair Jerome Powell, as he has the obligation and right to ask the Trump administration, “Show me the legal basis for this action,” Krugman said.
As Trump moves to block new permits for wind and solar projects, renewables—which were enjoying a strong year—will likely pull back. But opportunities remain.
