Mizuho says Sunoco is a buy as its business model will prove resilient over the long term

Mizuho says Sunoco is a buy as its business model will prove resilient over the long term

While oil stocks have been the best performers in 2022, Sunoco has struggled. The stock is down 11% this year, but Mizuho has confidence in it. On Thursday, the firm upgraded Sunoco shares to a buy from neutral, citing the company’s business model, balance sheet strength and compelling distribution yield. In the long term, the … Read more

SHRIRAM TRANSPORT FINANCE share price: Buy Shriram Transport Finance Company, target price Rs 1450: Yes Securities

SHRIRAM TRANSPORT FINANCE share price: Buy Shriram Transport Finance Company, target price Rs 1450: Yes Securities

Yes Securities has buy call on with a target price of Rs 1450. The current market price of Shriram Transport Finance Company is Rs 1198.05. Time period given by analyst is Intra Day when. price can reach defined target. Shriram Transport Finance Company Ltd., incorporated in the year 1979, is a Large Cap company (having … Read more

Stocks Shoot Higher. Powell Couldn’t Scare Markets This Time.

Text size David L. Nemec / New York Stock Exchange The stock market gained Thursday as Federal Reserve Chairman Jerome Powell tested before Congress for a second day. Nothing he has got scared the market — for now. The Dow Jones Industrial Average gained 195 points, or 0.6%, while the S&P 500 rose 1% and … Read more

Here’s what China’s Alibaba and Kuaishou say about the economy

Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING – Alibaba was once the poster child for investing in modern China. Now the e-commerce market that fueled its growth is slowing, while new players … Read more

6 things need to happen for a ‘bull market within a bear market’

CNBC’s Jim Cramer on Wednesday told investors that there are several things that need to happen for the market to have a “bull market within a bear market” situation. “We’re going to have rolling bottoms just like we had rolling tops. As long as you know how to identify the signs, you’ll be able to … Read more

Stock Market Today: The Dow Drops After Powell Speaks

Text size People walk along Wall Street, near the New York Stock Exchange in New York. Photo by ED JONES / AFP via Getty Images The stock market couldn’t hold on to gains Wednesday, even after Federal Reserve Chairman Jerome Powell told lawmakers that a slower pace of interest rate hikes is possible. Markets are … Read more

Fed Sees ‘Soft Landing’ for US Economy. This Top Economist Strongly Disagrees.

Text size A shopper walks through a grocery store in Washington. Stephanie Reynolds / AFP via Getty Images What do the Federal Reserve, Janet Yellen, and Joe Biden have in common? A persistent belief that the Fed can maneuver the US economy to a soft landing and avoid a drawn-out recession. Top economist Bill Dudley, … Read more

5 things to know before the stock market opens Wednesday, June 22

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to give back much of Tuesday’s gains Traders on the floor of the NYSE, June 16, 2022. Source: NYSE US stock futures fell Wednesday, pointing to an open that would give up now of … Read more

Stock Market Today: Dow Jumps, Tesla Gains, Kellogg Surges

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt / Getty Images The stock market bounced back partially on Tuesday after getting crushed last week as no news proved to be good news. Investors can only hope the rally will last. The Dow Jones Industrial Average rose 643 points, … Read more

The S&P 500 futures rise 1% as the market is set to rebound from a brutal week

Traders on the floor of the NYSE, June 16, 2022. Source: NYSE Stock futures rose in overnight trading Monday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. Futures on the Dow Jones Industrial Average gained more than 250 points. S&P 500 futures climbed 1.1% and … Read more