Stocks

Wall Street stocks lag behind record-setting European bourses

Wall Street stocks trailed behind European bourses, which hit fresh records as commodity prices rallied on hopes that the global economic recovery would continue gathering pace.

The blue-chip S&P 500 and the tech-heavy Nasdaq Composite indices were essentially flat by the time the closing bell rang in New York, following a US long weekend for Memorial Day.

A handful of “meme stocks” favoured by amateur investors, meanwhile, continued their rally from last week, with the video game retailer GameStop up 12.2 per cent and the cinema operator AMC jumping 22.6 per cent. BlackBerry closed the day up 14.8 per cent.

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Cathie Wood stocks that Wall Street believes can roar back

Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018.

Alex Flynn | Bloomberg | Getty Images

Popular fund manger Cathie Wood’s ETFs have been on shaky ground this year, but Wall Street analysts see the prospects improving for a bunch of her funds’ holdings.

Shares of Wood’s flagship ARK Innovation are down more than 12% this year amid a rotation from growth stocks into value. The fear of rising interest rates in the first quarter

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Premarket stocks: Wall Street is facing a $9 trillion problem

What’s happening: The latest reading of the Back-to-Normal Index from CNN Business shows that the US economy’s comeback is 90% complete. But investors are increasingly worried that the Federal Reserve, observing such promising data and rising inflation, will make a damaging mistake, such as moving too soon to roll back unprecedented levels of support — or ignoring growing problems until they’re too late.

In a Deutsche Bank survey of 620 market professionals published this week, 39% of respondents listed a “central bank policy error” as one of the top three risks to market stability, up from 21% the previous month.… Read More

HK stocks end higher as techs track Wall Street bounce

* HK->Shanghai Connect daily quota used 6.3%, Shanghai->HK daily quota used 8.1%

* HSI +0.6%, HSCE +1.0%, CSI300 +1.5%

* FTSE China A50 +1.5%

SHANGHAI, May 17 (Reuters) – Hong Kong stocks closed firmer on Monday, as tech and materials firms tracked Wall Street strength, while investors appeared to show scant reaction to China’s lacklustre economic data.

** The Hang Seng index rose 0.6%, to 28,194.09, while the China Enterprises Index gained 1.0%, to 10,503.84 points.

** Wall Street closed higher in a broad rally on Friday, an upbeat conclusion to whipsaw week of buying and selling as signs of

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3 Popular Stocks Expected to Lose 53% to 79%, According to Wall Street

For more than a year, the stock market has been on a historic run. Even though all stock market crashes and corrections are eventually erased by a bull-market rally, gains of as much as 88% in the benchmark S&P 500 since hitting a bear-market bottom on March 23, 2020 have far exceeded even the most optimistic expectations.

But there’s another reality investors must face: Not every stock can be a winner.

While analysts are known for their optimism, there are three exceptionally popular stocks that are expected to lose anywhere from 53% to as much as 79%, based on Wall

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Wall Street analysts say buy stocks like GoDaddy & Carvana

Spencer Platt | Getty Images

With fears of inflation on the rise, investors are searching for strategies to pinpoint compelling opportunities.

One such strategy is to look for stocks that appear underappreciated by the Street and have plenty of room to run. The following names meet the requirements and have the support of analysts with an impressive track record of success. TipRanks’ analyst forecasting service attempts to identify the best-performing analysts on Wall Street. These are the analysts with the highest success rate and average return per rating, taking into account the number of ratings each analyst has published.

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Stocks week ahead: Has Wall Street missed the boat on cryptocurrencies?

One reason banks are hesitant: Cryptocurrencies are still in regulation purgatory.

The US government, for example, can’t decide what they are. As currencies they face very little regulation. But as securities, such as stocks and other investments, they would face a different level of scrutiny.

In December 2020, the US Securities and Exchange Commission filed a lawsuit against crypto platform Ripple and its leadership for the alleged illegal selling of unregistered securities — in form of its cryptocurrency XRP — worth $1.3 billion.

The case, which is ongoing, suggests XRP is a security and not a currency, because otherwise securities

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US STOCKS-Wall Street rises as megacap stocks bounce; Dow hits record high

* Boeing falls after 737 MAX electrical grounding issue

* U.S. private payrolls increase solidly in April – ADP

* Energy, materials lead sectoral gains on S&P 500

* Indexes up: Dow 0.46%, S&P 0.54%, Nasdaq 0.63% (Adds comments, updates prices to early afternoon)

By Shreyashi Sanyal and Sruthi Shankar

May 5 (Reuters) – Wall Street’s main indexes and the Dow hit a record high on Wednesday, as growth stocks bounced from a steep selloff in the previous session and a survey showed private jobs rose in April.

Technology-related companies including Apple Inc, Microsoft Corp, Amazon.com Inc, Facebook Inc and

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Home Depot and Lowe’s Stocks Get More Wall Street Love Ahead of Earnings

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Home Depot reports earnings later this month.


Robyn Beck / AFP via Getty Images

Home improvement retailers

Home Depot

and

Lowe’s

will report first-quarter earnings later this month, and analysts are scrambling to raise their price targets on the stocks ahead of the results.

Wells Fargo’s Zachary Fadem is the latest to get more bullish on the shares. On Tuesday, he reiterated Overweight ratings on both stocks, while raising his price target on Home Depot (ticker: HD) to $360 from $330, and his target on Lowe’s (LOW) to $225 from $210.

Home Depot is up 0.6% to $334.91

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Apple Earnings Couldn’t Lift the Market. What That Means for Stocks.

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Apple fell 0.1% after telling investors sales grew by 54%.


David Paul Morris/Bloomberg

What do you have to do to get a reaction around here?

For the second week in a row, the

S&P 500

finished just a hair’s length away from the unchanged mark. After dropping 0.13% one week earlier, the index closed up one point, or 0.02%, at 4181.17, as traders and investors shifted their pieces around but didn’t have an impact on the overall game. The

Nasdaq Composite

fell 0.4%, to 13,962.68, while the

Dow Jones Industrial Average

dropped 0.5%, to close at 33,874.85.

It

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