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May 24, 2022

Wall Street

No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels

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CNBC – For more and to sign up click here While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly......

Bill Ackman says a more aggressive Fed or market collapse are the only ways to stop this inflation

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CNBC – For more and to sign up click here Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse. “There is no prospect for a material reduction in inflation unless the Fed aggressively......

Stock futures fall after Dow’s 600 point comeback

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CNBC – For more and to sign up click here Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 110 points, or 0.36%. S&P 500 futures dipped 0.76% and Nasdaq......

Stocks making the biggest moves in the premarket: Electronic Arts, VMWare, GameStop and more

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CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Electronic Arts (EA) – The video game maker’s shares rose 2.5% in the premarket after Puck News reported that the company was actively seeking a buyer or merger......

Stock futures rise after Dow falls for 8th-straight week in relentless sell-off

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CNBC – For more and to sign up click here Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained......

Stocks head for another potentially treacherous week, after S&P 500 falls into bear market territory

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CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022. Andrew Kelly | Reuters If there’s more bad news from retailers in the coming week, that could be a......

The CEO of the world’s second-largest alternatives firm is optimistic about a light recession

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CNBC – For more and to sign up click here (Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in......

Stephen Roach calls stagflation his base case, warns market is unprepared for the consequences

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CNBC – For more and to sign up click here Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and......

Stock futures rise slightly, with the S&P 500 on the brink of falling into a bear market

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022.  Brendan Mcdermid | Reuters U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500......

Rising fuel costs are a massive problem for business and consumers — Here’s why they’re so high

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CNBC – For more and to sign up click here A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top......

Stock futures dip slightly after Dow’s worst day since 2020

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images Stock futures dipped in overnight trading Wednesday after the Dow Jones Industrial Average experienced its......

Melvin Capital says it’s winding down funds and returning money to investors during market turmoil

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CNBC – For more and to sign up click here Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by......

Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Synopsys

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CNBC – For more and to sign up click here A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. Sergio Perez | Reuters Check out the companies making headlines after the bell:  Cisco Systems — Shares of the networking company sank......

Gasoline could top $5 a gallon this summer, causing more pain for consumers

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CNBC – For more and to sign up click here Current gasoline prices are shown in Garden Grove, California, March 29, 2022. Mike Blake | Reuters Gasoline prices are a wildcard for consumer wallets this summer, as tight supply and uncertainty in Ukraine could drive fuel costs sharply higher. Gasoline......

Households are now spending an estimated $5,000 a year on gasoline

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CNBC – For more and to sign up click here A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022. Mike Blake | Reuters U.S. households are now spending the equivalent of......

Stock futures dip as Wall Street looks to build on recent rebound

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CNBC – For more and to sign up click here U.S. stock futures were lower early Wednesday morning as investors looked to build on a solid Tuesday rally. Futures for the Dow Jones Industrial Average shed 88 points, or 0.27%. S&P 500 futures sat 0.42% lower while Nasdaq 100 futures......

Natural gas prices have already doubled this year. A hot summer could push them even higher

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CNBC – For more and to sign up click here Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air-conditioning......

Citigroup shares jump 5% after Warren Buffett reveals a near $3 billion stake in the struggling bank

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CNBC – For more and to sign up click here Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP The 91-year-old “Oracle of Omaha” scooped up Citi shares while they have been underperforming the rest of the financial sector in the past 12 months. The stock is down......

Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

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CNBC – For more and to sign up click here A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners......

Stock futures are flat after S&P, Nasdaq start the week in the red

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022.  Brendan Mcdermid | Reuters U.S. stock index futures were flat during overnight trading on Monday, following a volatile session that......

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