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TipRanks
Time to Bottom Fish? 3 ‘Strong Buy’ Stocks That Are Down Over 40% This Year
Everyone is hoping the market might be bottoming and by the recent actions of Bank of America clients, some evidently think the lows must be in sight. Last week, BofA customers splashed out $6.1 billion on US stocks, in what amounted to the third largest inflow since 2008. While the bank has stated it is not as confident the bottom is quite so close, it’s not hard to see why investors feel the time is right to lean into equities. The widespread losses have left scores of beaten-down stocks looki
Benzinga
3 Attractive REITs With A Dividend Yield Over 6%
When an entire sector such as real estate investment trusts (REITs) gets trounced, a lot of decent stocks are thrown into the mix along with those that are not very good quality. Higher interest rates this year have slashed prices and subsequently raised the dividends on dozens of quality stocks, with some now beginning to show signs of life. Here are three REITs with dividend yields over 6% that have been gaining momentum this week and could be signaling better times are ahead: Simon Property G
TipRanks
Inflation at 8.2%: 2 ‘Strong Buy’ Dividend Stocks to Protect Your Money
Last month, the Federal Reserve implemented its fifth straight interest rate hike this year, and its third consecutive hike at 75 basis points, bringing its key funds rate up to the 3% to 3.25% range. The move showed that the central bank is deadly serious about taking on the stubbornly high inflation that has been plaguing the economy since the middle of 2021. The Fed’s turn toward an aggressive anti-inflationary policy may not be hard enough, however, as the September data, released this morni
MarketWatch
These are the types of companies Warren Buffett says you should invest in during times of high inflation
MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. And at a 2009 shareholder meeting, Buffett noted that the first best thing you can do to protect against inflation is to invest in yourself and your skills: “If you’re the best teacher, if you’re the best surgeon, if you’re the best lawyer, you will get your share of the national economic pie regardless of the value of whatever the currency may be,” he said.
MarketWatch
Why stocks scored a historic bounce after another hot inflation report
Stock-market investors can be forgiven for feeling a little dizzy after a day that saw stocks plunge in reaction to another round of hotter-than-expected inflation data only to surge higher and extend gains into the closing bell. “While I certainly wouldn’t classify this morning’s flush capitulatory, the stock market is dealing with disappointing inflation reports a lot better than a short time ago,” said Mark Arbeter, president of Arbeter Investments LLC, in note. The Dow Jones Industrial Average (DJIA) fell just shy of 550 points, or 1.88%, but ended the day up 827.87 points, or 2.8%, at 30,038.72.
Barrons.com
Inflation Was Terrible. Here’s Why the Market Rallied.
The stock market took it literally on Thursday with a massive rally following an inflation reading that everyone agreed was way too hot. The CPI rose 0.4% in September, up from 0.1% in August, and above estimates for 0.2%. Core consumer prices, which don’t include food and energy, rose 0.6%, above forecasts for 0.4%, and unchanged from August.
Bloomberg
BofA Strategists See More Pain in Store Before Stocks Reach Low
(Bloomberg) — Stock markets and the US economy will have to experience more pain before the Federal Reserve pivots away from its aggressive policy tightening, according to Bank of America Corp. strategists.Thursday’s rally in US stocks after a hot inflation print resembled a “bear hug” amid oversold conditions, high cash levels and the lack of a credit event, strategists led by Michael Harnett wrote in a note. The development was the latest in a volatile year marked by fears of a recession with
Motley Fool
3 Once-in-a-Decade Buying Opportunities in the Dow Jones Bear Market
The technology-driven Nasdaq Composite, which was largely responsible for pushing Wall Street to new highs in 2021, has really taken it on the chin. Likewise, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI) hasn’t fared much better. What follows are three once-in-a-decade buying opportunities within the Dow Jones Industrial Average as it plunges into a bear market.
Reuters
Supply chain snarls loosen for U.S. companies, but plenty of problems remain
John Ehresmann loves that the cost of shipping an ocean container from Asia to a U.S. port or buying a load of lumber has fallen back to earth. Some parts of his supply chain have clearly improved, said the vice president of global supply for Graco Inc, the Minneapolis-based maker of fluid handling equipment such as paint sprayers. “Not having that one micro-controller can still stop you in your path,” said Ehresmann, referring to an electronic part common in many of the company’s products that remains scarce.
Variety
Alex Jones Is ‘Basically Broke for the Rest of His Life’ After Sandy Hook Verdict, Says Former U.S. Attorney
Right-wing conspiracy figure Alex Jones’ company has already filed for bankruptcy protection, and it’s not clear how much of the staggering $965 million verdict reached Tuesday he’ll actually wind up paying to the 15 plaintiffs in the defamation case about his lies about the Sandy Hook Elementary school shooting. Jones plans to appeal the massive […]
Reuters
ECB closing in on rule change to shave banking profits, sources say
European Central Bank policymakers are closing in on a deal to change rules governing trillions of euros worth of loans to banks in a move that will shave tens of billions of euros off in potential banking profits, sources close to the discussion said. Euro zone banks sit on 2.1 trillion euros ($2.04 trillion) of cash handed out by the ECB at ultra-low, sometimes even negative interest rates, in the hopes that doing so would help kick-start the economy. But after a string of unexpectedly quick and big rate hikes banks can now simply park this cash back at the ECB, earning a risk-free profit, irking policymakers who see it as gaming the system.
