Text size Crocs is among the stocks that have historically been most sensitive to changes in market-wide liquidity. Jamie McCarthy/Getty Images It is possible to identify stocks with a good chance of outperforming market averages in the next bull market. These are the ones that are particularly sensitive to changes in overall stock market liquidity, … Read more
Text size US consumer and housing market data, as well as several notable earnings reports, will be the highlights this week. Barring any surprises, congressional testimony from federal financial regulators will be the main event on the banking front. On Wednesday, Fed Vice Chairman Michael Barr and Federal Deposit Insurance Corp. Chairman Martin Gruenberg are … Read more
Text size As Fed Chairman Jerome Powell acknowledged on Wednesday, the latest rate hike will certainly slow the economy. Al Drago/Bloomberg Never underestimate the ability of the stock market to prioritize hope over experience. Hope would suggest that all will be well: the bank run that began with the collapse of Silicon Valley Bank is … Read more
A normally calm corner of the financial markets – preferred stocks – was rocked by the foreclosures of Silicon Valley Bank and Signature Bank, and that created opportunities for investors. Preferred shares are a senior form of stock whose dividends come before those of common stock. However, bank-issued preferred shares account for about two-thirds of … Read more
Text size Block is led by Twitter co-founder Jack Dorsey. Drew Angerer/Getty Images A critical short seller’s report hammered stocks in Block and, while analysts are divided on the stock’s outlook, the consensus on Wall Street continues to tip bullish for the fintech company led by former Twitter CEO Jack Dorsey. The bulk stock (ticker: … Read more
Text size A rear-drive Tesla Model 3 costs around $43,000 to start. Allison Dinner/Getty Images Automakers loved it when the US government rolled out its $7,500 tax credit for people who buy electric vehicles. Now the sector may not be so sure how it feels. Thursday, EV press briefing Electrekciting people familiar with the matter, … Read more
Text size The Federal Reserve’s interest rate decision on Wednesday will be the main event of a week with several notable earnings reports and investor days, as well as the latest economic data. The Federal Open Market Committee concludes a two-day meeting Wednesday afternoon, with a decision expected at 2 p.m. ET. President Jerome Powell … Read more
Text size Apple and other big companies saw their stocks rise despite worries in the banking sector. Pau Barrena/AFP via Getty Images SVB Financial The ‘s troubles may have triggered the latest round of stock market troubles, but despite the lender’s ties to Silicon Valley, the tech sector has been remarkably resilient during the sell-off. … Read more
JPMorgan Chase and other major banks stepped in this week to shore up Bank of the First Republic to the tune of $30 billion, but their efforts have done little to restore Wall Street’s confidence in regional lenders. The First Republic bailout, involving many of America’s largest banks, including Bank of America (BAC), Citigroup (C) … Read more
Lumen Technologies Inc. is offering to conduct a debt swap in what an analyst sees as management’s attempt to ‘fight back’ amid growing doubts about the telco’s ability to turn around its business while facing heavy debt. Lumen LUMN, -3.86% said in a morning press release that Level 3 Financing, a subsidiary of the company, … Read more