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Phil Orlando, chief equity strategist for Federated Hermes, tells investors to brace for a potential 10% market pullback over the next few weeks, citing several factors that are weighing on stock prices. Orlando (pictured) came into the year as one of the biggest bulls on Wall Street, but he has now changed his outlook based…
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The coronavirus crisis may have wreaked havoc through markets, entire industries and economies but some brands that have emerged stronger than before after the lockdown. One such company is Netflix, which has seen a growing interest from investors and stock brokers in Netflix stock. Netflix stock has outperformed the Zacks Broadcast Radio and Television industry…
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JP Morgan Chase & Co advised investors to pick stock more carefully in the second half of the year, as the performance of different industries and sectors is likely to diverge. Investment strategists from the US bank said in a note to clients that there has been an increased correlation between different financial assets, following…
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Futures contracts tied to US stocks jumped on reports that the Trump administration is dusting off proposals for nearly $1trn infrastructure spending to spur the world’s largest economy back to life as it bids to put the coronavirus pandemic behind it. The plans are being drawn up by the Department of Transportation and would see…
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Looking to gain exposure to the multi-trillion-dollar oil industry? If so, you might be looking to buy Aramco stock. The Saudi Arabian multinational oil and gas firm recently initiated its much-anticipated ICO, meaning that its shares are now trading on the secondary market. In this article, we show you how you can buy Aramco stock…
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The US Federal Reserve, which ends its two-day meeting on Wednesday, meets in a very different place to where the US economy was a month ago. In just four short weeks, markets have moved from facing the steepest recession in a generation due to the coronavirus pandemic, to betting on the sharpest of V-shaped rebounds….
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Early Zoom investors made a fortune on the company’s latest performance. Samuel Chen, whose Digital Mobile Venture took part in Zoom’s early funding rounds, controls a $1.6bn stake in the video conferencing startup. Following a 170% increase in first-quarter revenue, Zoom saw shares more than quintuple since their initial public offering last year. Chen’s investment…
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Stock in UK drugmaker AstraZeneca is almost 2.5% on Monday following a weekend report of a possible $96bn merger with US rival Gilead in what would be the world’s largest healthcare deal. The larger British firm, led by chief executive Pascal Soriot (pictured), informally approached Gilead last month about a tie-up, reported Bloomberg News on…
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Colleges and universities in the United States rank among the world’s most prestigious higher education institutions. Many of them are recognized for their strong research programs and host many Nobel Prize-winning laureates. However, to maintain their teaching and research missions, these institutions have grown sizeable endowment funds over the years. The five wealthiest colleges in…
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The US stock market rally will continue, driven by low interest rates and investors looking for a home for their cash, says JP Morgan Chase. Most analysts and fund managers including the likes of Mark Cuban, David Tepper, and Jeffrey Gundlach have warned that US stock market valuations are getting expensive. The S&P 500’s forward…
