The chatter in my office and on CNBC has been focused on one essential question: What sector is cheap? Not just cheap because the stocks have dramatically underperformed for several years, but attractive because these equities have the potential to outperform the S & P 500 over the next two to three years. My nominee […]
Check out the companies making headlines in premarket trading. CrowdStrike — Shares slipped 5% after CNBC reported that stated Delta Airlines has retained legal counsel to pursue damages from both CrowdStrike and Microsoft following after a software update led to mass flight interruptions in July. Woodward — The aerospace and industrial equipment company slipped more […]
The exterior view of the entrance to Merck headquarters in Rahway, New Jersey, on Feb. 5, 2024. Spencer Platt | Getty Images Merck on Tuesday reported second-quarter revenue and adjusted earnings that topped Wall Street’s expectations as it saw strong sales from its blockbuster cancer drug Keytruda as well as other treatments in its oncology […]
JPMorgan is eyeing a few drug manufacturers ahead of their earnings reports as investors continue to sell out of major technology firms. Major market trends in the first half of 2024 have shifted and sparked a rotation out of large technology stocks into less-loved areas of the market, including value stocks and small caps. The […]
Next week could give investors clarity on whether the “Magnificent Seven” stocks can still power the market higher, or if they should instead be wary of the pitfalls of a top-heavy market now that some megacaps have faltered. Wall Street could be in for a volatile bout of trading if this past week was any […]
Morgan Stanley says it’s time for stock-picking in Europe as earnings season and rate cuts are imminent. The investment bank says stock-level dispersion and equities market breadth should rise from here. Stock-level dispersion refers to the range of returns for stocks, while market breadth tracks the number of stocks going up relative to those declining. […]
The iShares U.S. Pharmaceuticals ETF (IHE) is up 9% since July 2015, when it hit a fresh all-time high. That’s a 9% gain in nine years. The S & P 500 is up more than 155% over the same time period. Few people talk about IHE, especially with so many other popular growth ETFs doing so […]
Medical personnel use a mammogram to look at a girl’s breast for breast most cancers. Hannibal Hanschke | dpa | Image Alliance | Getty Photographs SAN FRANCISCO — A longtime however promising group of most cancers medicine was a red-hot market in 2023, and extra corporations might look to the remedies to gas development within […]
