Boeing Stock Might Be Finding a Bottom. What to Watch From Here.

Text size A Boeing 747 in Louisville, Kentucky, early this year. Jon Cherry/Getty Images Boeing ’s badly beaten-up stock might be nearly as weak as it will get. “The decline in Boeing ’s stock price has prompted continued questions frominvestors,” wrote J.P. Morgan analyst Seth Seifman in a Tuesday note. The fact that investors are … Read more

AutoZone accelerates on big bottom line beat, strong same store sales growth (NYSE:AZO)

TennesseePhotographer/iStock Editorial via Getty Images AutoZone (NYSE:AZO) accelerated on Monday after reporting stronger than expected profits and sales. For its fiscal third quarter, the company reported GAAP EPS of $29.03, beating expectations by $3.16, alongside revenue of $3.87 billion that bested estimates by $160 million. Domestic same store sales increased 2.6% for the quarter, a … Read more

Goldman Strategist Says Stocks Will Bottom Once Fed Signals Shift

(Bloomberg) — The selloff in equities will reach a bottom once the Federal Reserve signals the end of tightening, which may not happen until recession is apparent, according to Goldman Sachs Group Inc. Most Read from Bloomberg “It may be necessary for the market to become more confident than it is that financial conditions tightening … Read more

Stock Market Bottom Remains Elusive Despite Deepening Decline

U.S. stocks are in the midst of their longest selloff in decades.  Whether they are close to bottoming is anyone’s guess. Market selloffs have long stumped strategists trying to predict when they were close to done. Some have concluded with bursts of panicked selling. Others, such as the one lasting from 1973 to 1974, ground … Read more

The technician who called the 2020 market bottom says a ‘shocking rally’ is in store

It’s been a terrible week in an awful year for the stock market. Walmart WMT, Target TGT, and Tencent HK:700 each reported disappointing results to add fuel to the worries about interest-rate hikes and quantitative tightening. But, Melvin Capital aside, there haven’t been signs of capitulation. Over the last six weeks, equity redemptions have totaled … Read more

stocks to buy: Don’t bottom fish right now, big correction coming in 6 to 12 months: Girish Pai

“Be very defensive and be a bit more overweight on some of the consumer staples and pharma and some of the private sector banks over the next 6 to 12 months. I would probably be underweight in IT and NBFCs. The neutral-ish areas will be cement and consumer discretionary space,” says Girish Pai, Head of … Read more

US stocks crash: Wall Street Week Ahead: Signs of market bottom elude investors after steep selloff

NEW YORK – Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the tumble in equities may not be over. The S&P 500 extended its decline to nearly 20% from January’s record peak on Thursday before an end-of-week bounce, … Read more

Wall St Week Ahead-Signs of market bottom elude investors after steep selloff

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content NEW YORK — Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the tumble in equities may not be over. The S&P 500 extended its decline … Read more

The Bottom Is in for These 2 Stocks? Oppenheimer Says ‘Buy’

There’s really no use denying the headwinds that are pushing the markets around these days. Persistently high inflation, slowing GDP growth, and a jobs market that, while expanding in absolute terms, is still down from pre-pandemic levels are feeding fears that we’re facing a round of ‘70’s-style stagflation. And these have combined with geopolitical factors … Read more