How long will stocks stay in a bear market? It likely hinges on if a recession hits, says Wells Fargo Institute

When the S&P 500 officially dropped into a bear market on June 13, closing down more than 20% from its last peak, it stirred debate about whether investors should hold tight or think about buying the dip. Battered stock prices SPX, -2.01% might look tempting for investors, but analysts at the Wells Fargo Investment Institute … Read more

U.S. stocks turn lower after weak consumer-confidence reading

US stocks gave up early gains to turn lower Tuesday after a consumer-confidence reading came in weaker than expected. What’s happening The Dow Jones Industrial Average DJIA was down 185 points, or 0.6%, to 31,253. The S&P 500 SPX fell 38 points, or 1%, to 3,862. The Nasdaq Composite COMP dropped 202 points, or 1.8%, … Read more

Analysts accuse Bed Bath & Beyond of turning off AC in stores to save money as sales plummet

A new report from Bank of America claims that the company has cut air conditioning in an effort to quickly lower expenses to make up for a slump in sales. Bed Bath & Beyond told CNN that any changes in store temperature guidelines did not come from corporate. “We’ve been contacted about this report, and … Read more

Premarket: Price cap on Russian oil could shake up the market

Russia’s government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political pressure on heads of state such as US President Joe Biden, British Prime Minister Boris Johnson and French President Emmanuel Macron. “The goal here is to starve Russia, starve Putin … Read more

A slumping stock market may be due for a ‘seasonal pick-me-up,’ history shows

The slumping stock market may soon get a seasonal boost, at least that is what history shows, according to Bespoke Investment Group. “There’s not much for investors to get excited about when it comes to the equity market these days, but in our search for silver linings, the calendar is one trend that is starting … Read more

U.S. stocks struggle for direction as opening gains fizzle despite strong durables data

US stocks struggled for direction Monday afternoon, trading near unchanged, investors weighed stronger-than-expected data on durable-goods against expectations for a slowing economy that could limit the magnitude of the Federal Reserve rate increases. What’s happening The Dow Jones Industrial Average DJIA was almost unchanged at 31,503. The S&P 500 SPX was down 4 points, or … Read more

This ‘underappreciated’ black swan could bring fresh chaos to the global economy

New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped … Read more

Investors Bullish as Growth/Tech Stocks Rally

Have you ever noticed that folks tend to be more bullish on the overall market when growth/tech rallies? The best evidence I have is that tech rallied late last week and my weekend Twitter Poll showed the highest percentage (63%) looking for the next 100 points in the S&P 500 to be up since just … Read more

Bearish Bets: 3 Stocks You Should Think About Shorting This Week

Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we … Read more

Stocks week ahead: Electronic Arts still the odd one out in gaming

Xbox owner Microsoft (MSFT) is in the process of buying Activision Blizzard (ATVI). Grand Theft Auto maker Take-Two Interactive (TTWO) has already scooped up mobile game developer Zynga. Will EA be able to remain independent as its peers continue to grow? There’s also growing competition from the likes of metaverse mobile gaming company Roblox and … Read more