(Bloomberg) -- The last time Americans were this turned off by the U.S. housing market, borrowing costs were over five times the current rate. The share of people who think now is a good time to buy a home fell in September to 29%, extending the plunge from March when the proportion was more than twice as high, data from the University of Michigan consumer sentiment survey showed Friday. It’s also the smallest chunk of respondents since 1982.Back then, the average for a 30-year fixed rate mortga
How are we going to find a way forward in today’s market environment? The general trend is upwards – the S&P 500 has gained 20% so far this year, and the NASDAQ is close behind at 19% – but market strategists at Goldman Sachs are predicting a pull back before the end of the year, and have scaled back their growth forecast for the S&P to from 6.2% to 5.7%. August’s weak jobs report and rising inflation prompted their shift. Looking at the headwinds, Goldman’s Ronnie Walker says, “The Delta varian
- Motley Fool
In twin notes covered by StreetInsider.com yesterday, space analysts at both Cowen and Jefferies Group reiterated their confidence in Virgin Galactic Holdings (NYSE: SPCE) stock as an investment. As Cowen explained in a note that included a lowering of its price target on Virgin Galactic, while "we acknowledge near-term setbacks" -- in the form of an Federal Aviation Administration investigation into a flight plan deviation in Sir Richard Branson's July 11 flight to space, and a subsequent delay of a planned Italian Air Force mission due to a manufacturing defect in one of Virgin's spaceplane parts -- "we continue to view SPCE as an important leader in the commercial space flight industry." Arguing that Virgin's setbacks are "near term" in nature, Cowen insisted the stock should still trade above its current price, and lowered its price target only to $30 a share.
Evergrande, a Chinese property giant, faces defaul next week. So far, global investors have shrugged off the event, but they should be paying attention.
Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social-media policies after accusing the company of failing to supervise an employee whose online cheerleading of GameStop's stock helped launch the frenzy that shook Wall Street earlier this year.
My mom spends thousands shopping on Facebook, but doesn’t tell my father. I pay on credit and she repays me. Will the bank alert the IRS?
‘She's not the most technology-literate person, and doesn't want to hassle my stepdad each time she wants to pay for stuff.'
I’m a 75-year-old financially secure widow. Would it be a mistake to move in with my daughter and son-in-law?
'My daughter wants to build a home with two master suites. I have more than enough money for a down payment.'
(Reuters) -Treasury Secretary Janet Yellen says failure to raise the U.S. debt limit could lead to the unthinkable: a default on government payment obligations. If the impasse in Congress over the $28.5 trillion debt limit isn't resolved before an October deadline, what would the Federal Reserve - the backstop for U.S. financial markets as the lender of last resort - be prepared to do? As it turns out, Fed Chair Jerome Powell may already have something of a game plan.
- Insider Monkey
In this article we will take a look at the some of notable stocks on the move today. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Are On the Move on Friday It’s another red day on Wall Street with all three major indexes lower. As […]
Let the Oracle of Omaha be your guide in today's tough market.
Every investor wants a sure return – that’s the way to make money in the markets, after all. With the main indexes all showing strong gains for the year (19% on the S&P 500, and 18% on the NASDAQ), those returns are clearly on the table. But there are some shorter-term downward moves, and plenty of market experts are counseling both optimism and caution. RBC chief U.S. equity strategist Lori Calvasina notes that the upward trend has been both substantial and sustained, and she is revising her mi
- Yahoo Finance
Lucid Motors (LCID) shares rose 7% after a bullish Wall Street analyst note along with confirmation from the Environmental Protection Agency that the EV maker's premium tier car has a higher mile range than Tesla's model S (TSLA).
Corvus Pharmaceuticals Inc (NASDAQ: CRVS) is surging higher Friday on abnormally high volume. The stock might be trading higher following favorable data results by AstraZeneca PLC (NASDAQ: AZN) for patients with unresectable, stage 3 non-small cell lung cancer. The average session volume over a 100-day period is about 300,000. Friday's session volume was approaching 120 million at publication time. AZN News: AstraZeneca announced that "the COAST Phase II trial showed oleclumab, an anti-CD73 mono
- Yahoo Finance Video
Ed Yardeni, Yardeni Research President and Chief Investment Strategist, talks the implications of China Evergrande's potential collapse.
- Investor's Business Daily
Dow Jones Dips As White House Raises Recession Fears; Elon Musk Praises China Rivals, Tesla Slips; Apple Falls
The Dow Jones fell as Apple stock continued to dip. The White House warned of a recession. Tesla CEO Elon Musk praised its China rivals.
- Motley Fool
What might surprise you is that some of the biggest projected gainers are dividend stocks. Based on the highest-listed price target by an analyst or investment bank on Wall Street, the following three dividend stocks could offer upside ranging between 133% and 155%. The first company, memory and storage solutions provider Micron Technology (NASDAQ: MU), might come as a bit of a surprise because the company hasn't paid a dividend in a quarter of a century.
- Motley Fool
Investors are nervous about a Food and Drug Administration advisory panel meeting and optimistic about a World Health Organization decision.
- Insider Monkey
In this article, we discuss the 10 best Robinhood stocks under $20. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Robinhood Stocks Under $20. More individual investors are investing in the stock market with the popularity of commission-free trading platforms like Robinhood Markets, Inc. (NASDAQ:HOOD). Retail investors […]
Two Wall Street analysts raised their price targets on Nvidia but the stock declined as momentum for the once red-hot shares of the graphics-chip maker continued to cool this week. Bank of America raised its price target on Nvidia (ticker: NVDA) to $275 from $260. Analyst Vivek Arya maintained his Buy rating on the stock, saying in a note, which included a larger call on the sector, that certain chip makers are benefiting from pricing power and “disciplined supply.”
BRETT ARENDS'S ROI Great Aunt Jane just died and left you the lake house in her will. But before you sell it, try to answer this brainbuster. How much did it cost? More specifically, how much did ...