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Pro reveals healthcare stocks that are worth buying right now

“XLV” – the Health Care Select Sector SPDR Fund has been a disappointment for investors since the start of the year but a portfolio manager says it’ll likely be a different story moving forward. Funtleyder is particularly bullish on med tech Les Funtleyder of E Squared Capital Management is not really concerned about the recent… Continue reading Pro reveals healthcare stocks that are worth buying right now

Canoo stock news: the EV startup narrowed its revenue in Q4

Canoo Inc (NASDAQ: GOEV) is trading slightly down in extended hours even though it reported to have narrowed its loss in the fiscal fourth quarter. Canoo stock down on no revenue for the quarter The electric vehicles startup lost $80.2 million in its recently concluded quarter that translates to 25 cents per share. In comparison,… Continue reading Canoo stock news: the EV startup narrowed its revenue in Q4

Walmart shares should be worth $160: Evercore ISI

Walmart Inc (NYSE: WMT) still trading near the same price at which it started the year is an opportunity to build a position in a high-quality retail stock, says Greg Melich of Evercore ISI. Walmart shares to benefit from normalising inventory Melich upgraded the chain of hypermarkets to “outperform” this morning and said the stock… Continue reading Walmart shares should be worth $160: Evercore ISI

Will there be a recession? Forecasts shift as banking turmoil subsides but inflation rages on

Yesterday, I wrote a piece about the power of long-term investing in the stock market.  In the hypothetical case whereby somebody was the unluckiest possible person, and by that I mean they started investing right at the stock market peak on December 29th 2021, I tracked how their portfolio would have done.  If they had… Continue reading Will there be a recession? Forecasts shift as banking turmoil subsides but inflation rages on

Charles Schwab receives a rare downgrade as outflows rise

Charles Schwab (NYSE: SCHW), the well-known broker and bank, received a rare downgrade by a Morgan Stanley analyst as concerns about its outflows continued.  In a note, Michael Cyprys, warned that the company’s clients were withdrawing money from its low-interest accounts at a faster pace than expected. As a result, he slashed his rating for… Continue reading Charles Schwab receives a rare downgrade as outflows rise

UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger

UBS Group AG (NYSE: UBS) is in focus this morning after renaming Sergio Ermotti as its Chief Executive to oversee the pending acquisition of Credit Suisse (NYSE: CS). Here’s what we know so far Ermotti has previously led UBS between November 2011 and October 2020 – a nine-year tenure in which he played a central… Continue reading UBS renames Sergio Ermotti as CEO to lead Credit Suisse merger

Bear Traps’ McDonald sees a ‘sharp drawdown’ ahead in Nasdaq

Nasdaq Composite is currently up more than 12% year-to-date but Founder of the “Bear Traps Report” says a significant downside may unravel in the coming weeks. Banking crisis is not over Larry McDonald is bearish on the equities market primarily because he’s not convinced that worst of the banking crisis is over just yet. Speaking… Continue reading Bear Traps’ McDonald sees a ‘sharp drawdown’ ahead in Nasdaq

First Citizens shares jump 45% on ‘very good news’

Frist Citizens BancShares Inc (NASDAQ: FCNCA) is trading about 45% up this morning after agreeing to buy Silicon Valley Bank assets at a deep discount. Pro reacts to the stock market news On Monday, the Federal Deposit Insurance Corporation said the Nasdaq-listed firm will assume roughly $72 billion worth of SVB loans and deposits at… Continue reading First Citizens shares jump 45% on ‘very good news’