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Bloomberg
NetEase Shares Primed For Turnaround After China Games Approval
(Bloomberg) — Options traders are indicating that one of China’s largest gaming companies is primed for a stock market turnaround after a long-awaited regulatory approval.Most Read from BloombergGermany Tightens Control Over Industry With Russian Oil GrabAdobe Near Deal for Online Design Startup Figma, Sources SayPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing TensionPatagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitRay Dalio Does the Math: Rates at 4.5% Would Sink Sto
Investor’s Business Daily
Five S&P 500 Stocks To Buy And Watch In A Down Market
Arista Networks is in a double-bottom base with a 143.67 buy point on the MarketSmith chart. The Relative Strength Line hit a new high on the weekly chart as indicated by the blue dot. The company has a 91 Relative Strength Rating, meaning it has outperformed 91% of the stocks in the IBD database.
TheStreet.com
Here Are 2 Stocks That You’d Have to ‘Pry From My Cold, Dead Hands’
Interest rates are in a pronounced uptrend, the likes of which haven’t been seen in decades. If you know rates are rising, you might choose the portfolio management decision to accept some degradation against par value in your fixed-income securities to capture the income streams. PREFS is yielding 6.63% on an annualized basis, a figure that will only increase as income payments are reinvested.
MarketWatch
U.S. Treasury recommends exploring creation of a digital dollar
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.
SmartAsset
This Is Where Billionaires Keep Their Money
Billionaires have been able to not only acquire wealth but most have gradually built it over time. This means that many have had successful investments, which makes it natural for everyone else to wonder where they are investing or keeping … Continue reading → The post Where Do Billionaires Keep Their Money? appeared first on SmartAsset Blog.
TheStreet.com
Morningstar Lists Most Undervalued of Best Stocks
With the S&P 500 having dropped 19% so far in 2022, you might see this as a buying opportunity. But, of course, you’ll want to be a bit cautious, as raging inflation, soaring interest rates and a potential economic downturn could push stocks down further.
Reuters
Analysis-Lower oil prices defy robust forecasts for global demand
Oil prices have tumbled by around a quarter in the past three months, largely due to fears of a prolonged slump in global energy demand. That’s nearly double the yearly average in the decade before the Covid-19 pandemic struck in 2020, when annual growth in global oil consumption averaged 1.2 million barrels per day (bpd). Despite economic storm clouds from Beijing to Washington, neither forecaster expects the post-pandemic rebound in oil consumption to be significantly marred by a possible recession.
Bloomberg
History Shows No Example of Hiking US Rates Too Fast, Summers Says
(Bloomberg) — Former Treasury Secretary Lawrence Summers argued against the Federal Reserve holding back from aggressive monetary tightening, saying that greater economic damage would result from any hesitation.Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniPutin Threatens New Military Strikes on Ukraine InfrastructureThere’s an Unusual Thing Happening in the Housing MarketUkraine Latest: Biden Warns Putin; Nuclear Plant Gets Grid PowerTrump Special Master Off
Bloomberg
Rampant Dollar Has Room to Run as Fed Gears Up for More Hikes
(Bloomberg) — The ascendant dollar is wreaking havoc across foreign-exchange markets as traders brace for the Federal Reserve to continue hiking interest rates aggressively.Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniPutin Threatens New Military Strikes on Ukraine InfrastructurePatagonia Billionaire Who Gave Up Company Skirts $700 Million Tax HitThere’s an Unusual Thing Happening in the Housing MarketPutin Acknowledges Xi’s ‘Concerns’ on Ukraine, Showing Te
Reuters
FOREX-Dollar heads for another strong week, yuan weakens past key level
The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China’s yuan weakened past the psychologically important threshold of 7 per dollar. The yuan is the latest currency to hit a multi-year low as the dollar rises relentlessly. “With the Fed set to hike by possibly another 175 bps before year-end, we would expect financial conditions to remain unfavourable for assets generally and it clearly points to the U.S. dollar being the primary beneficiary,” said Derek Halpenny, head of research, global markets, MUFG.
