[ad_1] Travel companies could be in trouble with a recessionary period could likely on the horizon, according to Wolfe Research. Analyst Deepak Mathivanan downgraded the online travel sector to market underweight from market weight, citing a potential demand decline as the economy contracts. That means a worse outlook for big …
Read More »Longtime Tesla bear Toni Sacconaghi says more price cuts needed to spur demand
[ad_1] Tesla needed to lower prices amid sliding demand this year — and that may not be the end of the cuts going forward, according to Bernstein. Analyst Toni Sacconaghi, a longtime bear on the electric car maker, reiterated his underperform rating on the stock and lowered his fourth-quarter and …
Read More »5 things to know before the stock market opens Wednesday, December 7
[ad_1] Traders on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks get over the hump? U.S. equities markets entered Wednesday in a deep funk. After big losses Monday, stocks tumbled again Tuesday: The …
Read More »Morgan Stanley downgrades Airbnb on travel demand concerns, see shares falling the next 12 months
[ad_1] After a tough year, Morgan Stanley sees even more downside for Airbnb . Analyst Brian Nowak downgraded the short-term home rental stock to underweight from equal weight. He also slashed his price target to $80 per share from $110. The new target implies downside of 14% from Tuesday’s closing …
Read More »I like Advanced Micro Devices over Micron
[ad_1] Nu Holdings Ltd: “I’ve got U.S. financials, which until last Friday were just coming in with a head of steam. And I still like them and I would be a buyer of them, not that.” SGHC Limited: “It is shocking where it is. … It has come down so …
Read More »Charts suggest the market is in for a ‘bumpy ride,’ Jim Cramer says
[ad_1] CNBC’s Jim Cramer on Tuesday warned investors that the market’s volatility will likely continue as its recent run loses steam. “The charts, as interpreted by Jessica Inskip, suggest that the broader market might be in for a bumpy ride as we exit bear market rally mode,” he said. Stocks …
Read More »Jim Cramer says he expects ‘many layoffs’ at companies after Christmas
[ad_1] CNBC’s Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. “I’m sure there’ll be many layoffs after Christmas. I don’t want to finger-point at the retailers who’re most likely to be thrown into bankruptcy when the holidays are over, but I do …
Read More »Deutsche Bank validates the Club case on holding Estee Lauder
[ad_1] Deutsche Bank Tuesday upgraded Club holding Estee Lauder (EL) on the back of an expected reopening of China’s economy, in line with the Club strategy of buying up the cosmetics giant’s stock as Beijing loosens harsh Covid-19 restrictions. “The opening of China is a really big deal for people …
Read More »5 things to know before the stock market opens Tuesday, December 6
[ad_1] A trader works on the floor of the New York Stock Exchange (NYSE), December 5, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Rough start Stocks got off on the wrong foot this week with an …
Read More »Jim Cramer urges investors to exit crypto – ‘it’s never too late’
[ad_1] CNBC’s Jim Cramer on Monday told investors that they still have time to sell their cryptocurrency holdings. “You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if …
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