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Jeremy Siegel Outlines 2023 Predictions for the Stock Market, Economy
Jeremy Siegel is one of the few market pundits who expects stock market gains in 2023.The Wharton professor roasted the Fed and outlined his 2023 predictions in an interview with CNBC last week.Here are the nine best quotes from Siegel's interview tackling inflation, the economy, and the stock market.…
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Tesla stock is ‘a confidence gauge’ for markets: Strategist
Tesla (TSLA) is a "barometer" of market confidence, says TD Ameritrade chief market strategist JJ Kinahan. "This is a name that really is a confidence gauge in my opinion," Kinahan told Yahoo Finance Live."If it gets down near the $950-ish level, you'll see clients coming in and buy it up until it gets to about $1,050. When it gets above $1,050,…
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1 Growth Stock Down 65% That’s a Screaming Buy Right Now
If you've been paying attention, 2022 has been a lousy year for digital advertisers. During the second quarter and again in the third, Meta Platforms, parent of Facebook and Instagram, reported declining ad revenue for the first time since its initial public offering.
The drama at Facebook's parent company was minor compared to Snap. A…
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U.S. stock futures are little changed ahead of more earnings reports
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 12, 2022.Brendan McDermid | ReutersU.S. stock futures were little changed Monday night as traders braced for the latest batch of corporate earnings reports.Futures tied to the Dow Jones Industrial Average ticked higher by 33 points, or 0.1%. S&P 500 futures…
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Stocks week ahead: Warren Buffett has the last laugh as Berkshire Hathaway beats the market
But that's not causing Berkshire Hathaway's Warren Buffett to lose any sleep. Banks, energy firms and other value stocks have rallied this year, which is great news for Buffett since the Oracle of Omaha's conglomerate invests in many of these companies. Value stocks typically have lower price-to-earnings ratios, and they're definitely not…
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Nasdaq Has Best Week Since March As Market Rally Gains Steam, But Don’t Do This
Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures.
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The stock market rally had a huge week, with the Nasdaq boasting its best weekly gain since March. The major indexes surged Thursday on a Fed-friendly inflation report. On Friday, a shift away from defensive names intensified, with many…
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Carvana Stock Sinks Even Lower as Layoff News Weighs
Shares of Carvana Co (NYSE:CVNA) are sinking this morning, last seen down 4.7% at $7.68 after a report from the Wall Street Journal quoted an analyst speculating that the used car retailer will run out of cash within a year. Carvana's collapse has been closely watched, and on Friday, the "Amazon of used cars" announced plans to lay off 1,500,…
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IPO Stock Arcellx Breaks Out On $325 Million Cancer Deal With Gilead
Recent initial public offering Arcellx (ACLX) forged a $325 million multiple myeloma deal with Gilead Sciences (GILD) on Friday, and the IPO stock broke out.
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The news comes in lockstep with promising long-term results for Arcellx's multiple myeloma treatment. Every patient with at least one month of follow-up responded to Arcellx's…
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