Wall Street

By Lance Roberts It’s that time of the year where Wall Street polishes up their crystal balls and pin targets on the S&P index for the upcoming year. As is often the case, while Wall Street is always optimistic, the forecasts prove pretty wrong. For example, on December 7th, 2021, we...

Two of the most optimistic investment firms, BMO Capital Markets and Deutsche Bank (NYSE: DB), are forecasting a recession in the U.S. economy despite the consensus of continued growth and solid stock gains. What Happened: The firms predict a downturn in economic growth by the end of 2024...

As holiday shoppers flock to Main Street for Black Friday deals, Wall Street is mirroring this frenzy with its own version of discounts. Several S&P 500 stocks are currently trading at significant discounts compared to their average year-ahead price targets set by analysts. The phenomenon of S...

A renowned Wall Street strategist, Michael Kantrowitz of Piper Sandler, has voiced concerns over the possibility of an imminent recession. This speculation is based on his analysis of various sectors within the U.S. economy. What Happened: Kantrowitz employs a four-part framework...

Jim Cramer on Friday reiterated his bullish stance on Apple Inc (NASDAQ:AAPL), stating that Wall Street analysts are overly pessimistic about the company. What Happened: Cramer highlighted Apple’s enduring customer base as a key reason for the stock’s stability. He voiced...

Jim Grant, editor of “Grant’s Interest Rate Observer,” has issued a stern warning about the financial instability of the U.S. market due to the decade-long “everything bubble” in asset prices. Grant delivered these remarks on a recent Rosenberg...

The U.S. Securities and Exchange Commission, or SEC, has reportedly collected thousands of messages from a broad range of high-profile investment firms. This is part of an escalating investigation into Wall Street’s usage of private messaging applications. What Happened: The SEC has been...

A small group of stocks has seized the limelight on Wall Street, challenging the widely held belief that gains in the U.S. stock market are a dime a dozen. Seven tech giants, to be precise, have surged by a jaw-dropping 100% or more year-to-date, leaving the rest of the crew in the dust. If you...

Jim Cramer has warned about Wall Street’s enthusiasm for artificial intelligence (AI), suggesting it may be reaching unsustainable levels, CNBC reported. Cramer compared the current AI trend to the action camera craze led by GoPro years ago. He noted that many companies are incorporating AI...

El Salvador president Nayib Bukele's embracing of Bitcoin (CRYPTO: BTC) was initially met with skepticism on Wall Street. However, the subsequent bond rally, boasting 70% returns, is now drawing investors who had previously been wary or had avoided the country's securities. These returns...

Fundstrat’s Tom Lee, a notable Wall Street bull, warns of a potential stock market sell-off in the coming weeks, Business Insider reports. Despite his bullish stance on stocks for the second half of the year, Lee sees worrying signals that prompted him to issue a tactical warning. “...

Founder of Apple Inc.’s (NASDAQ:AAPL) lead supplier Foxconn Technology Group (OTC:HNHPF), Terry Gou, warns of a potential crash in the U.S. stocks if a war involving Taiwan occurs, Bloomberg reports. The Taiwanese billionaire expressed his concerns in a Facebook post, stating that it could...

Wall Street’s financial giants, including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), Wells Fargo & Co. (NYSE WFC), Morgan Stanley (NYSE:MS) and others are gearing up for impending regulatory shifts...

This week in artificial intelligence was marked by the potential of AI replacing Wall Street traders, the use of AI in cancer treatment, President Joe Biden‘s playful comment about AI, Mark Zuckerberg‘s decision to open up Meta’s LLaMA 2 to developers, and Apple’s work on AI...

The weekend was filled with a mix of tech, politics, and finance news. From the much-anticipated Tesla (NASDAQ:TSLA) Cybertruck rolling off the production line to Elon Musk‘s skepticism about Vice President Kamala Harris as the AI czar, the news cycle was anything but dull. In politics,...