Wednesday, July 28

Stock Market Outlook

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...
Cryptocurrencies, cryptocurrency, cryptocurrency analysis, Investing, Investing Insider, Investing Outlook, Investing Recommendations, Investing Strategy, Markets, Stock Market Analysis, Stock Market Outlook, Stock Market Strategy, Stock Picks, Stock Recommendations, Stocks to Buy, stocks to buy in 2021

13 must-see charts, plus an $875 mini bitcoin-mining rig

Hello everyone! Welcome to this weekly roundup of Investing stories from deputy editor Joe Ciolli. Please subscribe here to get this newsletter in your inbox every week. Getty Images / Xinhua News Agency Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you thro...
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Jeremy Grantham’s GMO says stocks are overvalued by every metric, but there are 3 strategies investors can use to weather a crash

Jeremy Grantham cofounded the asset management firm GMO. Boston Globe/Getty Images Stocks worldwide are expensive and US stock valuations are at concerning levels, Jeremy Grantham's firm. GMO defended its view from bears on social media who are frustrated by the firm's negative outook. GMO sees negative returns for 10 of 11 asset classes over the next seven years. See more stories on Insider's business page. Billionaire Jeremy Grantham's investment firm says stocks are too pricey, outlining their view as US equities sit at record highs, with the team offering their advice on how to navigate through what they call a global growth bubble. "Global equity markets rallied impressively in the quarter, pushing some year-to-date numbers into double-digit territory only halfway through...
corporate buybacks, Finance, Markets, MI Exclusive, share buybacks, stock market, stock market 2021, Stock Market Analysis, Stock Market Outlook, Trading

Company stock buybacks are on track to hit a record $1 trillion amid ongoing economic recovery

Drew Angerer/Getty Images US companies are set to spend a record $1 trillion on stock buybacks amid the ongoing economic recovery, according to a JPMorgan note.The surge in stock buybacks comes after the COVID-19 pandemic hampered the practice amid heightened economic uncertainty.Leading the charge is Apple's $90 billion stock buyback announced earlier this year.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Corporate share repurchases are returning with a vengeance this year after the COVID-19 pandemic sidelined the popular shareholder return practice.According to a Tuesday note from JPMorgan, corporate stock buybacks are on track to hit a record $1 trillion amid the ongoing economic recovery.Amid the heightened economic uncertainty during the pandemic,...
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...
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Billionaire’Bond King’ Jeff Gundlach said bitcoin could tumble 27% from current levels and warned the dollar may be’doomed’ in a recent interview. Here are his 10 best quotes.

Jeffrey Gundlach AP Photo/Richard Drew Billionaire investor and "Bond King" Jeff Gundlach said inflation of today reminds him of the 1970's, warned that the dollar may be doomed in the long term, and said that bitcoin's chart looks "scary" in a Thursday CNBC interview. Here are the DoubleLine Capital founder's 10 best quotes.1. "The chart on bitcoin looks pretty scary....I have a feeling you're going to be able to buy it below 23,000 again. Bitcoin has really lost its steam."2. "I think it's only a trading vehicle. I've never been long bitcoin personally. I've never been short Bitcoin. It's just not for me. I don't have that kind of risk tolerance in my DNA where I have to get worried to pull up the quote every day to see if it's down 20%. But I would not own Bitcoin presently. I...
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Wall Street analysts expect the S&P 500 to rise 10% over the next year as the reflation trade picks up pace

The S&P 500 has rebounded sharply from its pandemic-induced plunge in 2020. Spencer Platt/Getty Images The S&P 500 has rallied sharply over the last year to hit repeated record highs-but Wall Street analysts are backing the benchmark US stock index to continue its ascent.Industry analysts on average expect the S&P 500 to rise 9.6% from Monday's closing price of 4,384.6 over the next 12 months to hit 4,803.6, according to data compiled by FactSet.A 9.6% rise would be considerably slower than the 37% increase the S&P 500 has experienced over the last 12 months. But it would nonetheless represent a solid gain at a time when some investors are questioning whether US stocks can continue their stellar rally.FactSet, a data company which aggregates industry forecasts, said analysts expe...
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Stocks are in a’rolling correction’ despite hitting new highs as the market cycle hits its midpoint, Morgan Stanley says

Angela Weiss/AFP via Getty Images Major US stock indexes are in a "rolling correction" despite notching a series of new highs, as the market cycle transitions to its midpoint, Morgan Stanley analysts said. As investors rotate away from higher risk names and as market breadth declines, major indexes will remain vulnerable, analysts led by equity strategist Michael Wilson said in the note. "Under the surface, financial markets have taken on a much more defensive posture," the note said.So far, Morgan Stanley has taken a less optimistic view of the markets compared to other banks. The analysts said that they fully expect the transition and subsequent corrections to be complete by the end of this year. "It's common for the market to rotate away from early cycle winners toward...
crypto, crypto analysis, Cryptocurrencies, cryptocurrency, cryptocurrency analysis, Investing, Investing Insider, Investing Outlook, Investing Recommendations, Markets, stock market, Stock Market Analysis, Stock Market Outlook, stock market outlook 2021, Stock Picks, Stock Recommendations, Stocks, Stocks to Buy

How to mine doge, plus a playbook for trading meme stocks

Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'm here to guide you through the current market and investing landscape. Here's what's on the docket:We spoke to Dason Thomas, who started mining altcoins after seeing videos on TikTok. He broke down for us how he got started mining himself with a $700 rig, and laid out his current mining setup.Morgan Stanley strategist Boris Lerner sees huge value in tracking retail-trading trends. He laid out which ones should be monitored by savvy investors, as well as the six most popular bets for day traders right now.Ahead of a hotly anticipated earnings season, the founder of TradeZero America listed the 10 most-shorted stocks above $10-each of which is in a position to either continue facing pressure, or be squeezed higher by retail tr...