Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

Dow clings to gain as earnings season kicks off, with investors scaling back Fed rate-hike expectations

US stocks rose, but trimmed earlier gains, as investors focused on positive elements in the quarterly results of Goldman Sachs Group Inc. and Bank of America Corp. in an attempt to build upon upside momentum ahead of the Federal Reserve’s interest rate hike next week. How stocks are trading The Dow Jones Industrial Average DJIA … Read more

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going forward will be mostly tied to second-quarter earnings as interest rate hikes and surging inflation reflect the growth slowdown more … Read more

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

Here’s what Goldman Sachs sees as the next big there-is-no-alternative-trade

The last trading day of May is being marked by weakness in stocks and surging crude prices, climbing after the EU hammered out a partial ban on Russian oil imports after that country’s invasion of Ukraine four months ago. That brings us to our call of the day from Goldman Sachs, who sees a budding … Read more

‘Bubble stocks popped’ but it’s still not safe to buy them, says Ray Dalio, founder of world’s biggest hedge fund

‘Bubble stocks popped’ but it’s still not safe to buy them, says Ray Dalio, founder of world’s biggest hedge fund

A bubble has burst for emerging tech stocks, but that doesn’t mean its safe or smart to go long those names right now, warned billionaire investor Ray Dalio. Dalio, the founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, warned in January that emerging tech companies, including set-top box maker Roku … Read more

Robinhood Reports 43% Revenue Decline

Robinhood Reports 43% Revenue Decline

Robinhood Markets Inc.’s HOOD 6.10% revenue fell to $299 million in the first quarter, a decline of 43% from the same period last year and the company’s fifth consecutive quarterly drop. The company narrowed its loss to $392 million from a $1.4 billion loss in the same period last year. Its stock fell 10% in … Read more

What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’

What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’

Investors will watch for another gauge of US inflation in the week ahead after the stock market was rattled by the Federal Reserve ramping up its hawkish tone and suggesting large interest rate hikes are coming to get an overheating economy under control. “We’re probably seeing peak hawkishness right now,” said James Solloway, chief market … Read more

ARK’s Cathie Wood: ‘Private markets get it,’ but disruptive tech is beaten-up in the stock market

ARK’s Cathie Wood: ‘Private markets get it,’ but disruptive tech is beaten-up in the stock market

When it comes to valuing disruptive innovation, private markets seem to understand the opportunity better than the stock market, according to Cathie Wood, founder and chief executive of ARK Investment Management. “Private markets get it,” Wood said Tuesday while on stage at the Exchange ETF conference in Miami, referring to company valuations seen in venture … Read more