Thursday, July 29

Analyst Note

Analyst Note, Finance, Fixed Income, interest rates, Markets, MI Exclusive, s&p 500, stock market 2021, Stock Market Analysis, Stock Market Outlook, Trading

Investors should keep buying stocks amid strong earnings as low bond yields offer little competition, Oppenheimer says

Getty Images / Bryan R. Smith Low interest rates and improving stock market fundamentals means investors should stick with stocks, Oppenheimer said in a note on Monday.Oppenheimer highlighted that stocks face little competition from other assets given that the 10-year US Treasury yield is at 1.2%.And strong earnings results only improved the outlook for stocks going forward, Oppenheimer said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Low bond yields and improving corporate earnings mean stocks face little competition from other asset classes and investors should continue to buy equities, Oppenheimer said in a note on Monday."With bond yields this low and fundamentals improving, stocks appear to have no competition," Oppenheimer's chief investment str...
Analyst Note, Finance, Katie Stockton, Markets, MI Exclusive, stock market, Stock Market Analysis, Stock Market Outlook, Stocks, Technical Analysis, Trading

The recent stock sell-off is a short-term’healthy pullback’ as the market hits extremes, according to one technical analyst

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, March 9, 2020. Bryan R Smith The ongoing sell-off in the stock market represents a "healthy pullback," technical analyst Katie Stockton said in a note on Monday.The S&P 500 is down about 3% from its record high, with losses accelerating in Monday's trading session."We think the pullback will be short-lived, maturing later this week," Stockton said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.A sell-off in US stocks accelerated on Monday, with the S&P 500 falling as much as 2% amid investor concerns about rising COVID-19 cases due to the Delta variant. But technical analyst Katie Stockton of Fairlead Strategies views the sell-off in stocks as a "healthy pullback" that wil...
Analyst Note, Finance, Markets, MI Exclusive, s&p 500, stock market, Stock Market Analysis, Stock Market Outlook, Trading

A big sell-off in the stock market is unlikely for these 2 reasons, according to Fundstrat’s Tom Lee

Cindy Ord/Getty Images A large sell-off in the stock market is unlikely for 2 key reasons, Fundstrat's Tom Lee said in a note on Monday.Recent weakness in stocks can be largely attributed to rising COVID-19 cases, according to Lee."July chop ultimately a great set-up for risk assets to rally in 2H2021," Lee said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Recent weakness in the stock market will likely be short-lived and won't extend into a large decline for two key reasons, Fundstrat's Tom Lee said in a note on Monday.The stock market saw a steep drop to start this week, but Lee is maintaining a bullish outlook on steady bond yield spreads and a stable VIX term structure, according to the note.Bond yields being stable relative to Treasuries is a posi...
Analyst Note, Apple, Apple stock, apple stock analysis, apple stock price, iPhone 13, Markets, MI Exclusive, stock market 2021, Stocks

Apple has 21% upside potential as iPhone 13 sales set to surpass investors’ low expectations, JPMorgan says

Apple CEO Tim Cook inspects the new iPhone XR during an Apple special event at the Steve Jobs Theatre on September 12, 2018 in Cupertino, California. Justin Sullivan/Getty Images Apple's upcoming iPhone 13 launch should help boost shares by 21%, according to JPMorgan.The bank raised its price target on Apple to $170 from $165 and reiterated its Overweight rating."We expect the outperformance beyond the September launch to be supported by iPhone 13 volumes outperforming relatively low investor expectations," JPMorgan said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Apple is primed to reverse its year-to-date underperformance relative to the S&P 500 in the second half of the year as the company prepares to launch its upcoming iPhone 13 in September, JPM...
Analyst Note, Bitcoin, bitcoin outlook, bitcoin price, Cryptocurrencies, Markets, MI Exclusive, Technical Analysis, Trading

Bitcoin nears risk-on mode after successfully testing $30,000 as support, a technical analyst says

Bitcoin 2021 Photo by Joe Raedle/Getty Images Bitcoin is on the verge of entering risk-on mode after repeatedly testing $30,000 support level, Fairlead Strategies said.Bitcoin is now approaching its 50-day moving average near $38,200 after it reclaimed its 20-day moving average."We would view a breakout above the 50-day MA as a positive catalyst supporting a test of secondary resistance near $44,000," Fairlead's Katie Stockton said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Bitcoin is nearing risk-on mode after it repeatedly tested the $30,000 level as support, Fairlead Strategies co-founder Katie Stockton said in a note on Monday."Risk-on is likely to come back to the cryptocurrency space if the relief rally persists, as expected," Stockton said.Bit...
Analyst Note, Markets, MI Exclusive, s&p 500, stock market, stock market 2021, Stock Market Analysis, Stock Market Outlook, stock market outlook 2021

The S&P 500 could surge 3% by Wednesday amid a trifecta of positive signals, Fundstrat’s Tom Lee says

Spencer Platt/Getty Images A trifecta of positive signals could send the S&P 500 soaring 3% by this Wednesday, Fundstrat's Tom Lee said in a note on Friday.A rally in junk bonds, a collapse in the VIX, and falling treasury yields all point to a higher stock market."I take this as a risk-on signal, raising the probabilities that the S&P 500 sees 4,400 before month-end," Lee said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The S&P 500 is primed for a 3% surge to 4,400 by this Wednesday, Fundstrat's Tom Lee said in a note on Friday. Lee sees a "trifecta" of risk-on signals driving the stock market higher, including record highs in junk bonds, a collapse in Wall Street's fear gauge, and falling treasury yields."This is a positive set-up a...