Reported about 1 month ago
Citi strategists warn that US stocks may experience a significant downturn, predicting a potential 10% decline based on historical patterns observed with the S&P 500 index. Analysts Seana Smith and Madison Mills provide insights on how investors should prepare for this possible market pullback.
Source: YAHOO
Reported about 1 month ago
Source: WSJ
Reported about 1 month ago
In the latest market update, shares of Lucid Motors (LCID) have risen following clarification from its CEO that a recent $1.75 billion stock sale was misinterpreted by Wall Street as an indication of financial distress, rather than a strategic move to ensure cash flow through 2026. In contrast, Honda (HMC) stock has dropped after the company announced a recall of over 700,000 vehicles in the US due to faulty fuel pumps.
Source: YAHOO
Reported about 1 month ago
In a revealing interview in 2012, Warren Buffett expressed his interest in purchasing 'a couple hundred thousand' single-family homes, advocating for the use of low-rate mortgages as a sound investment strategy during the post-financial crisis period. His optimistic view marked a strategic opportunity for long-term investors and highlighted the potential for real estate to yield better returns than stocks if acquired sensibly. As the housing market has evolved significantly since then, Buffett's advice to think long-term and hold properties remains pertinent for today's investors facing uncertain market conditions.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Billionaires Ken Griffin and Israel Englander recently purchased shares in Pfizer, a pharmaceutical company facing significant stock performance challenges. Despite a troubling history marked by the decline in demand for its COVID-19 treatments, Pfizer's recent $43 billion acquisition of an oncology business and potential ventures in weight loss medications may present growth opportunities. However, analysts caution that while these investments could be strategic, the future success of Pfizer remains uncertain.
Source: YAHOO
Reported about 1 month ago
工業巨頭3M（MMM）在周二提供了樂觀的前景，將全年度利潤指引的下限上調。該公司公佈的季度收益超出預期，營業利潤率較去年增長了23%，使股價上升。
Source: YAHOO
Reported about 1 month ago
Analysts are revising their forecasts for Apple's stock in light of the strong demand for iPhone shipments, particularly the new iPhone 16. Loop Capital has increased its iPhone revenue estimate to $49.3 billion, reflecting better-than-expected performance in a competitive market. While Apple's iPhone business remains a significant revenue driver, analysts are aware that the company's valuation may be higher than historical averages, leading to continued scrutiny as Apple prepares to announce its Q4 earnings.
Source: YAHOO
Reported about 1 month ago
Amid a significant bond market sell-off, driven by changing expectations around the Federal Reserve's rate cuts, BlackRock's Gargi Chaudhuri advises investors to focus on the three- to five-year segment of the yield curve rather than longer-term bonds. She highlights the impact of recent economic data, the potential for persistent inflation, and increasing US deficits as key factors influencing market dynamics. Emphasizing the importance of maintaining quality in investments, she suggests a shift towards value stocks as a strategic response.
Source: YAHOO
Reported about 1 month ago
As Big Tech continues to drive market gains this year, the upcoming Q3 earnings season is critical for the 'Magnificent Seven'. Yahoo Finance Markets Reporter Josh Schafer analyzes whether these tech giants can sustain their performance and momentum amidst market expectations.
Source: YAHOO
Reported about 1 month ago
The International Monetary Fund (IMF) has cautioned that a multitude of elections worldwide could introduce significant uncertainty into the global economic outlook. While global growth is projected to soften slightly in the coming years, potential changes to trade and fiscal policies by newly elected governments could disrupt markets and supply chains. The IMF hinted at risks including increased tariffs, stagnant growth in advanced economies due to high debt, and vulnerabilities in the Chinese economy, urging countries to manage fiscal deficits carefully.
Source: YAHOO
Reported about 1 month ago
If you're earning $275,000 a year, contributing directly to a Roth IRA is impossible due to income limits, but a backdoor Roth conversion offers a solution for high earners. This strategy allows you to transfer funds from a pre-tax retirement account to a Roth IRA, avoiding RMDs and enabling tax-free withdrawals during retirement. While this method can save on taxes if you expect to be in a higher tax bracket after retirement, it's essential to consider the upfront tax bill and consult with a financial advisor before proceeding.
Source: YAHOO
Reported about 1 month ago
In a recent discussion, economists highlight Jerome Powell's distinctive stance within the Federal Reserve, particularly emphasizing his adaptability to economic data. Unlike his peers, who often focus on individual data points, Powell takes a broader, data-dependent approach that considers the overall economic trends, which is essential given the current transition from demand-side to supply-side economic dynamics.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
General Motors achieved a third-quarter profit of $3 billion, aided by a 10% revenue increase to $48.8 billion, despite facing a 2.2% decline in US sales and a $137 million loss in its Chinese joint venture. Improved sales to individual buyers helped offset the decline, while pretax profits in North America rose. The company remains optimistic about future performance and continues to focus on electric vehicle profitability, having sold 32,000 EVs in the quarter.
Source: YAHOO
Reported about 1 month ago
Fiserv has raised the lower end of its annual profit forecast after posting higher-than-expected quarterly earnings, driven by robust spending patterns. Despite a 41% drop in net profit attributed to a significant non-cash impairment charge, the company reported earnings of $2.30 per share, surpassing expectations. Fiserv's outlook for 2024 earnings per share has been adjusted upward, reflecting a positive trend in consumer financial health despite potential slowdowns in non-essential purchases.
Source: YAHOO
Reported about 1 month ago
Honda is recalling over 700,000 vehicles due to faulty high-pressure fuel pumps that may crack and leak fuel, posing a fire risk. This recall follows another earlier in October affecting 1.7 million cars with steering problems. Affected models include the 2023-2024 Accord, 2025 Civic, and 2023-2025 CR-V Hybrid. Although there have been 145 warranty claims, no injuries or deaths have been reported. Free inspections and replacements will be provided, with owner notification letters set to be sent out on December 4.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
PulteGroup reported third-quarter earnings that exceeded Wall Street expectations, driven by a decrease in fixed mortgage rates which attracted hesitant buyers back into the market. With current 30-year fixed rates around 6%, down from a peak of 8%, demand for new construction remains strong amid a low supply of existing homes. Despite facing pressure from high land and material costs, the company achieved a 12% increase in home deliveries, generating $4.47 billion in revenue and earnings per share of $3.35.
Source: YAHOO
Reported about 1 month ago
RTX has upgraded its 2024 profit and revenue forecasts for the second time, driven by strong demand for aircraft repairs and defense systems. The aerospace and defense giant anticipates an adjusted profit per share between $5.50 and $5.58, while revenue is expected to range from $79.25 billion to $79.75 billion. The company's quarterly earnings surpassed expectations, fueled by increased air travel, extended aircraft service lives, and heightened defense spending amid global tensions.
Source: YAHOO
Reported about 1 month ago
Tesla's stock price continued its downward trend, falling roughly 13% in the month following a disappointing robotaxi launch event. Investors are now closely watching the upcoming Q3 earnings report, as the company attempts to stabilize after losing over $540 billion in market value since its peak in 2021. Analysts anticipate a decline in per-share earnings and are focused on delivery numbers and profit margins to gauge Tesla's future trajectory.
Source: YAHOO
Reported about 1 month ago
The global bond market is undergoing a sell-off as investors reassess the Federal Reserve's potential rate cuts, which follows a warning from Citi about the S&P 500's risks. Conversely, General Motors reported strong Q3 earnings that exceeded expectations, raising its guidance for the third time this year, which provided some relief to Wall Street amid the broader market pressures.
Source: YAHOO