Investment strategy Archives

2024-12-19

Investors so confident in stocks, they have record low cash allocation

The Wall Street bull statue is pictured in Manhattan, New York. Carlo Allegri | Reuters A closely watched survey of global fund managers registered its lowest cash allocation on record this month, underscoring a bullishness on stocks as the equity market nears the end of a strong year. The average cash allocation level of participants in Bank of America’s…

2024-12-17

Ripple’s new stablecoin for payments will be available to trade Tuesday

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Investors will be able to trade Ripple’s new stablecoin beginning Tuesday, the company has said, after the New York State Department of Financial Services gave its approval earlier this month. The U.S. dollar-backed stablecoin, called ripple USD, or RLUSD, will be issued on the ethereum blockchain and XRP ledger and first available on some global exchanges, with plans to…

2024-12-12

Fed Chair Jerome Powell can serve remainder of term, Scott Bessent says

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Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his first term leading the U.S. central bank, said Scott Bessent, a hedge fund magnate and President-elect Donald Trump’s pick for Treasury Secretary, despite…

2024-12-11

Bank of America downgrades AMD due to potential market share losses

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Increasing competitive pressures will begin weighing down shares of Advanced Micro Devices , according to Bank of America. Analyst Vivek Arya downgraded the semiconductor stock to neutral from buy and cut his price target to $155 from $180. The new forecast is still 11% above where shares closed on Friday. AMD YTD mountain AMD YTD chart Arya pointed to…

2024-12-06

Bitcoin falls below $100,000 after reaching the milestone level for the first time

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The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. By Thursday afternoon, the flagship cryptocurrency pulled back from the milestone. It was recently higher by 0.28% at $99,140.00, according to Coin Metrics, trading at the lows of Thursday’s trading following some profit taking by investors. On Wednesday night, it rose…

2024-12-03

Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

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Art Cashin, UBS’ director of floor operations at the New York Stock Exchange and a man The Washington Post called “Wall Street’s version of Walter Cronkite,” has died. He was 83 and had been a regular on CNBC for more than 25 years. In the intensely competitive and often vicious world of stock market commentary, Cashin was that rarest…

2024-11-20

Goldman’s 2025 stock market forecast calls for the S&P 500 to gain 11%

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Goldman Sachs is out with its much anticipated 2025 equity outlook to clients and it calls for stocks to gain 11% from here (12% total return with dividends) as a growing economy and improving profit margins fuel sizable earnings growth. “Our view is predicated on continued US economic expansion, earnings growth of 11% in 2025 and 7% in 2026,…

2024-11-19

Morgan Stanley upgrades fintech stock, sees almost 30% upside from here

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Accelerating earnings growth should drive shares of Futu Holdings higher, according to Morgan Stanley. The investment bank upgraded the fintech stock to overweight from equal weight and raised its price target by $45 to $115. That reflects around 29% upside from Friday’s close. “It’s still early-stage, but the accelerating franchise expansion in Singapore this year gives us more confidence…

2024-10-23

Market reckoning on spending is coming after election

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Billionaire hedge fund manager Paul Tudor Jones is raising alarms about the U.S. government’s current fiscal deficit and the increased spending promised by both presidential candidates, saying the bond market may force the government’s hand after the election in addressing it. “We are going to be broke really quickly unless we get serious about dealing with our spending issues,”…

2024-10-22

Goldman forecasts just a 3% S&P 500 annual return the next 10 years

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The S & P 500 will serve up a minuscule 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 nominal total return of…

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Tag: Investment strategy

Investors so confident in stocks, they have record low cash allocation

Ripple’s new stablecoin for payments will be available to trade Tuesday

Fed Chair Jerome Powell can serve remainder of term, Scott Bessent says

Bitcoin falls below $100,000 after reaching the milestone level for the first time

Art Cashin, New York Stock Exchange fixture for decades, dies at age 83

Morgan Stanley upgrades fintech stock, sees almost 30% upside from here

Market reckoning on spending is coming after election

Goldman forecasts just a 3% S&P 500 annual return the next 10 years

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