"Today's data shouldn't change views of the likely path for disinflation, however bumpy," said David Alcaly, lead macroeconomic strategist at Lazard Asset Management. "But a lot of observers, probably including some at the Fed, are looking for reasons to get more hawkish on the outlook give...
" said David Russell, global head of market strategy at TradeStation. "Powell's testimony this week and the CPI report remind investors that other catalysts can boost other kinds of companies. That's especially true for a sector like utilities, which emerged as an AI play...
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The stock market slide to start the second quarter may have been foreshadowed by weak demand last week. Bank of America clients were net sellers of U.S. equities last week, according to a note from strategist Jill Carey Hall. "Excluding corp. clients – where flows are always positive (bu...
An industry veteran who became COO last year, Crew had been president of Diageo North America, its largest market, and Global Supply from 2020. Her elevation comes as Diageo is trying to cement its dominance in the United States and establish several premium brands, in a post-COVID world in...
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In the mean time, the market has been rallying. But even though theS&P 500hit another all-time high on Friday, Suttmeler said the broader market is showing "pesky bearish divergences," with only 34% of NYSE stocks rising on the day. This kind of market breadth is a risk for market ...
Financials are a good sector to focus more on cyclical behavior over growth, he said. In particular, bank stocks have strong fundamentals and currently look relatively attractive in a "pretty aggressively valued" market, Chronert added. — Lisa Kailai Han ...
As the stock market is plummeting, this stock is up 12% From CNN Business' David Goldman There aren’t many ways you could have made money in the stock market today. Cabot Oil & Gas (COG) appears to be one. The natural gas exploration company’s stock is up 12% Monday. It’s ...
As the stock market is plummeting, this stock is up 12% From CNN Business' David Goldman There aren’t many ways you could have made money in the stock market today. Cabot Oil & Gas (COG) appears to be one. The natural gas exploration company’s stock is up 12% Monday. It’s ...