““We have a self-induced crisis of irresponsible fiscal monetary policy over the past decade.”” —Leon Cooperman, President of the Omega Family Office This was billionaire hedge fund manager Leon Cooperman commenting on the current banking crisis which has seen the closure of SVB Financial Groups SIVB, Silicon Valley Bank and crypto-friendly lenders Signature Bank and … Read more
The turmoil in financial markets, as the failure of three U.S. banks and uncertainty surrounding a major European bank continues to loom, hasn’t stopped some investors from buying into this so-called stock market bottom at a given time last week. That’s according to a weekly report released Friday by Vanda Research, which said retail investors … Read more
Friday’s fall reflected fears that the big-bank bailout deal hasn’t fully solved the problems of the First Republic, which also suspended its dividend on Thursday. The uproar has prompted analysts to ask whether the company may be under pressure to find a buyer. “It’s unclear whether it’s viable as a stand-alone entity,” said Julian Wellesley, … 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
I bought a stock when it went public last year. A major brokerage was the underwriter and had a price target of $30 on the stock. I thought it was a good idea to buy the stock at $18 because I thought it would go to $30. The stock yesterday was trading below $1. How … Read more
U.S. stocks could see increasingly wild swings in the coming days as options contracts tied to trillions of dollars worth of securities are due to expire on Friday, removing a buffer that some say helped thwart the index S&P 500 to break out of a narrow trading range. . Options contracts worth $2.8 trillion are … Read more
In this uncertain stock market, one all-weather investing tactic makes particular sense: owning stocks that pay an attractive dividend yield. “Dividends pay all the time. It doesn’t matter what’s happening in the broader market,” says Kelley Wright, editor of Investment Quality Trends, a dividend-focused action letter. Dividend stocks aren’t just defensive; they also play on … Read more
On Wednesday morning, thousands of miles from US shores, a headline began to make its way across Europe and then onto Wall Street, sparking further panic as it dawned on investors that they might face another banking crisis. His comment triggered a sell-off, spreading from European banks to US stock index futures, leaving Dow industrialists … Read more
Banking stocks plummet following the bankruptcies of SVB Bank SIVB, and Signature Bank SBNY, -22.87% ), but there are good reasons to make this investment against the grain. First, federal regulators have made it clear that they will back banks on the brink of depositor flight. The Federal Reserve will lend to banks against the … Read more
U.S. stock futures fell on Wednesday as renewed concerns over the health of Credit Suisse sparked renewed anxiety in the banking sector, as investors awaited fresh retail and index sales data. producer prices. How stock index futures are traded S&P 500 ES00 futures contracts, -1.70% fell 69.5 points, or 1.7% to 3,885 Futures contracts Dow … Read more