Check out the companies making headlines in midday trading: Dutch Bros — The stock popped more than 32% following the coffee chain’s better-than-expected third-quarter results. Dutch Bros earned 16 cents per share on revenue of $338 million for the period, while analysts surveyed by LSEG had penciled in 12 cents in earnings per share and…
Election Day is just one week away, and the outcome is set to have wide-ranging consequences for markets regardless of the who wins or which party controls which chamber of Congress. Stocks are uncharacteristically strong heading into the U.S. presidential election on Nov. 5th, with all three major averages at or near all-time highs even…
The S & P 500 will serve up a miniscule return over the next decade that falls far short of the booming gains from the last decade, forecasts Goldman Sachs’ equity strategy team, citing today’s high concentration in just a few stocks and a lofty starting valuation. The broad market index will produce an annualized…
Both retail and professional investors have become more bullish in recent weeks. Allocations to stocks are rising; allocations to bonds are declining. You can’t blame them for getting excited. There’s good reason for exuberance: The soft landing remains the dominant investing paradigm; The Fed is cutting rates going into a soft landing (very unusual); Corporate America has…
Going looking for ghosts in October isn’t a great way to see one, as it turns out. At least so far. The prevailing sense among investors and market handicappers entering the month was to expect choppy, irresolute action full of potential scares. As with most consensus beliefs, this one was plausible. This time of year…
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus…
Bitcoin investors are grappling with a demand dearth that has pushed the cryptocurrency into bear market territory at times. But analysts are still confident the cryptocurrency can reach new records by the end of the year. A recent reawakening of demand for bitcoin ETFs is a positive sign for the price in the medium term –…
India’s recent stock market surge has investors viewing the country as an emerging market poised for long-term outperformance. The India NSE Nifty 50 Index , the country’s domestic stock market benchmark, has soared 18.7% this year, hitting record levels. The iShares MSCI India ETF (INDA) , which tracks the Indian market, is also up nearly…
Despite the S & P 500 and the Dow Jones Industrial Average posting recent record highs, the initial public offering market remains stuck in neutral. However, two large deals are likely coming to market soon. First, chip manufacturer Cerebras Systems is expected to announce its IPO imminently. The company specializes in manufacturing semiconductors that are optimized…
When the man who’s built the greatest fortune in history from investing alone – and whose preferred holding period is “forever” – becomes a resolute seller of two of the most widely held stocks in the world, the questions about what it means for the market and economy are inevitable. And so it is with…