Connect with us
  • tg

Stock Markets

Morgan Stanley: stock market futures will show strong results in the first half of the year

letizo News

Published

on

stock market news

According to historical analysis, during the 16 quarters of each presidential term since 1950, the best for the S&P 500 index is usually the first quarter of the third year for any president, and now is the time for the market and Joe Biden, according to analysts at Morgan Stanley (NYSE:MS).

Stock market futures – what to expect?

The team of Andrew Simmons, head of Morgan Stanley IM’s Applied Capital Advisory Group, calculated that in the 12 months following the year of the U.S. midterm elections (as it was in 2022), the S&P 500 saw an average 33% gain, and increased each time thereafter. This presidential cycle has been no exception to that pattern, indicating positive potential in this quarter.

Stock market news

Indeed, the market started 2023 on the right note, although some investors may point to a number of data, such as the unexpected January jobs report or February’s inflation figure, that suggest the Federal Reserve may have to tighten the screws even more for a “soft landing.”

“Today, most investors believe that corporate earnings will decline in early 2023 and pull the stock market down with it. While pessimism prevails, I am more optimistic,” said the expert.

His optimism is supported by GDP and employment data, which show that the U.S. economy is fairly resilient, and the leadership of financial, industrial and commodities stocks in recent months also supports his view, as prices of these cyclical stocks often fall before the economy wobbles.

“As inflation continues to improve, the first quarter is likely to be strong,” he said.

But at the same time, the expert was quick to warn: stock market risk, if it occurs in 2023, will occur in the second half of the year, and corporate earnings could fall slowly before then, disappointing market bears. Also, the long-term bond rate has fallen more than short-term bonds, creating an inverted yield curve that often portends an impending slowdown in economic growth.

Earlier, we reported that U.S. stock indices were down 1.3-1.8%.

Stock Markets

US stocks struggles for direction amid thin trading volumes ahead of long weekend

letizo News

Published

on

Investing.com– U.S. stocks struggled for direction Thursday, as investors digested data that continue to suggest the economy is headed for a soft landing, though trading volumes were light ahead of key inflation headed into the long weekend.    

At 13:51 ET (17:52 GMT), rose just 24 points higher, or 0.1%, rose 0.1%, while  fell 0.2%.

Q4 GDP growth revised higher 

The U.S. economy grew faster than previously estimated in the fourth quarter, with data released earlier Thursday showing  increased at a 3.4% annualized rate in the fourth quarter, revised up from the previously reported 3.2% pace.

The revision reflected upgrades in consumer spending, nonresidential fixed investment, and state and local government spending, all underpinned by a resilient labor market.

A separate report showed initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 210,000 for the week ended March 23. 

However, investors are struggling to add to the previous session’s strong gains after Fed Governor , speaking at an Economic Club of New York gathering late Wednesday, said there was no hurry for the Fed to cut interest rates now, citing a slew of hotter-than-expected inflation readings in recent months. 

While Waller said that the central bank will eventually cut interest rates this year, he added current resilience in the U.S. economy gave the Fed substantial headroom to keep rates higher for longer.

His comments contrasted a somewhat dovish outlook from the Fed last week, where the central bank signaled that it still saw about 75 basis points of rate cuts in 2024. This had triggered a rally on Wall Street last week, with U.S. stock indexes now sitting in sight of record highs.

The main focus, however, will be on Friday’s release of the Fed’s favorite inflation gauge, the , when the market is shut for Good Friday, and is largely expected to factor into the outlook for U.S. interest rates.

Along with the PCE data, addresses from and are also due on Friday.

RH outlook trigger bullish upgrades from Wall Street “exceptional” demand; WBA delivers Q2 beat

RH (NYSE:) stock soared 16% after the home furnishing company reported “exceptional” demand for its new catalog of products, even after its fourth-quarter results missed expectations, as adverse weather and shipping delays weighed.

“RH has high performance expectations for its bevy of new, sharper-priced products rolling out in catalogs and to its stores through the year,” Wedbush said after lifting its price target on the stock to $320 from $260. 

Walgreens Boots (NASDAQ:) stock rose 3.4% after the pharmacy chain reported fiscal second-quarter sales that beat expectations, but lowered the high end of its full-year adjusted earnings outlook in part due to a “challenging” U.S. retail environment.

Take-Two, Home Depot in deal making acton

Take-Two Interactive Software (NASDAQ:) stock rose 1.4% after the video games developer agreed to buy U.S. game developer Gearbox Entertainment for $460 million,. 

Home Depot (NYSE:) stock dropped 1% after the home improvement retailer announced plans to buy building materials supplier SRS Distribution in a $18.25 billion deal, bolstering its business among professional customers.

‘Crypto King’ Sam Bankman-Fried gets 25-year jail sentence

Sam Bankman-Fried, the founder of FTX cryptocurrency exchange, was convicted of stealing $8 billion from customers and sentenced to 25 years in prison.  

The sentencing comes just as crypto rebounded from it recent malaise with BTC up 3.3% to $70,964 in recent trading.

 

(Ambar Warrick contributed to this article.)

Continue Reading

Stock Markets

68 Ameriprise Financial Advisors Named to the Barron’s Top 1,200 Financial Advisors List

letizo News

Published

on

MINNEAPOLIS–(BUSINESS WIRE)–Ameriprise Financial (NYSE: AMP (OTC:)) today announced that 68 of its financial advisors were named to the 2024 Barron’s Top 1,200 Financial Advisors list. Barron’s recognizes the industry’s top advisors according to several factors including professionalism, philanthropic work and success in the business. The rankings are based on data provided by more than 6,000 of the nation’s most productive advisors.

We congratulate the advisors who have earned a place on this acclaimed Barron’s list, said Bill Williams, Executive Vice President and President of the firm’s independent advisor channel. This recognition is a testament to how tirelessly these advisors work on behalf of their clients to help them achieve their biggest goals in life. Ameriprise provides best-in-class resources and leadership to fuel our advisors’ growth, allowing them to deliver this life-changing financial advice to more people.

The advisors on this list share our passion and deep commitment to serving clients exceptionally well, said Pat O’Connell, Executive Vice President and President of the firm’s branch and financial institutions channels. We applaud their success, and the way they harness the technology, practice support and development opportunities we offer at Ameriprise to consistently deliver a referable client experience.

The full list of Barron’s Top 1,200 Financial Advisors can be found at Barron’s.com.

About Ameriprise Financial (NYSE:)

At Ameriprise Financial, we have been helping people feel more confident about their financial future for 130 years1. With extensive investment advice, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors’ financial needs.

1Company founded June 29, 1894.

Source: Barron’s ®, March 8, 2024, Barron’s Top 1,200 Financial Advisors.

Barron’s generates its rankings from a formulaic analysis of surveys answered by candidates regarding assets, revenue, and quality of practice, including an advisor’s regulatory and compliance record. Certain awards include a demographic component to qualify. This award for each applicable year is based on data from the previous two calendar years and is not indicative of this advisor’s/team’s future performance. Neither Ameriprise Financial nor its advisors pay a fee to Barron’s in exchange for the ranking or its use. Barron’s is a registered trademark of Dow Jones, L.P.; all rights reserved.

Ameriprise Financial cannot guarantee future financial results.

Investment products are not insured by the FDIC, NCUA or any federal agency, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.

Securities offered by Ameriprise Financial Services, LLC. Member FINRA and SIPC.

© 2024 Ameriprise Financial, Inc. All rights reserved.

Stephanie Siegle, Media Relations
612.671.2593
Stephanie.Siegle@ampf.com

Source: Ameriprise Financial

Continue Reading

Stock Markets

Oxurion Receives Transparency Notification from Atlas Special Opportunities LLC

letizo News

Published

on

Oxurion Receives Transparency Notification from Atlas (NYSE:) Special Opportunities LLC

Leuven, BELGIUM “ March 28, 2024 “ 07:00 PM CET Oxurion NV (Euronext Brussels: OXUR), a biopharmaceutical company headquartered in Leuven, today announced that, pursuant to Belgian Transparency legislation1 it has received transparency notifications as follows:

Oxurion received a transparency notification on March 27, 2024, from Atlas Special Opportunities, LLC indicating that as of March 19, 2024, it held 0 (zero) shares of the then outstanding 5,753,951,723 shares, and therefore crossed below the threshold (3%) by virtue of the sale of voting securities. See Annex 1.

About Oxurion

Oxurion (Euronext Brussels: OXUR) is engaged in developing next-generation standard of care ophthalmic therapies for the treatment of retinal disease. Oxurion is based in Leuven, Belgium. More information is available at www.oxurion.com.

Important information about forward-looking statements

Certain statements in this press release may be considered forward-looking. Such forward-looking statements are based on current expectations, and, accordingly, entail and are influenced by various risks and uncertainties. The Company therefore cannot provide any assurance that such forward-looking statements will materialize and does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or any other reason. Additional information concerning risks and uncertainties affecting the business and other factors that could cause actual results to differ materially from any forward-looking statement is contained in the Company’s Annual Report. This press release does not constitute an offer or invitation for the sale or purchase of securities or assets of Oxurion in any jurisdiction. No securities of Oxurion may be offered or sold within the United States without registration under the U.S. Securities Act of 1933, as amended, or in compliance with an exemption therefrom, and in accordance with any applicable U.S. state securities laws.

For further information please contact:

Oxurion NVPascal GhosonChief Executive OfficerPascal.ghoson@oxurion.com Backstage CommunicationJurgen VluijmansPartnerjurgen@backstagecom.be

____

1. Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings.

ANNEX 1

 

  • EN
  • OXUR Transparency Notification (NL) 20240328

Source: Oxurion NV

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved