Basic Materials/Resources

10 Dividend Aristocrat stocks expected by analysts to rise up to 54% in 2023

Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats. That’s followed by a list of Aristocrats with the highest dividend yields. First, let’s define this group of stocks. Holding up …

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BofA is selling US equities rally on worries that unemployment will be ‘shocking’ in 2023

Strategists at BofA Global Research said it is time to sell the US stock market rally ahead of a potential surge in the unemployment rate next year. “Bears (like us) worry unemployment in 2023 will be as shocking to Main Street’s consumer sentiment as inflation in 2022,” strategists led by Michael Hartnett, chief global equity …

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This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.

A day after the Dow DJIA climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stock futures indicate a rethink of that optimism, as inflation data looms. The Fed chief’s suggestion of a 50 basis point hike vs. 75 bp in December wasn’t new, but investors got excited anyway, says the …

This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead. Read More »

US stock futures fall as Chinese protests rattle markets, oil hits 2022 low

US stock-index futures sank Sunday night, as Asian markets fell following widespread public demonstrations in China and as oil prices hit a 2022 low. Dow Jones Industrial Average futures YM00, -0.47% fell more than 150 points, or 0.5%, as of 10 pm Eastern, while S&P 500 futures ES00, -0.63% and Nasdaq-100 futures NQ00, -0.77% dropped …

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Fed eyes slower rate hikes as recession threat grows

Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to rise higher than previously forecast, senior officials are unsure just how much further they will go. Slower rate hikes, they say, would give them more time …

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Nvidia earnings chopped in half, but tweaked servers to China offset earlier $400 million warning

Nvidia Corp. shares ticked higher in the extended session Wednesday after the chip maker said modified servers to China mostly made up for an expected $400 million shortfall due to a US ban on certain tech sales, and announced it’s making progress helping customers reduce high inventories. Nvidia NVDA, -4.54% shares rose 2% after hours, …

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US stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight

One of Wall Street’s most implacable bulls has laid out his argument for why he thinks US stocks can continue to rally into the year’s end after Thursday’s game-changing October inflation data. Tom Lee, head of research at Fundstrat, said in a note to clients dated Friday that while the “inflationistas” doubt that October’s softer-than-expected …

US stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight Read More »

US stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight

One of Wall Street’s most implacable bulls has laid out his argument for why he thinks US stocks can continue to rally into the year’s end after Thursday’s game-changing October inflation data. Tom Lee, head of research at Fundstrat, said in a note to clients dated Friday that while the “inflationistas” doubt that October’s softer-than-expected …

US stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight Read More »

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise

Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX since April 6, 2020, and the best one-day percentage rise for the Nasdaq Composite since March 24, 2020. If inflation has truly peaked, there’s really just two …

Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise Read More »

Curb your enthusiasm — Thursday’s explosive rally in stocks likely means the bear market is alive and well

Despite Thursday’s explosive rally in stocks, it’s likely we’re still mired in a bear market. In fact, the magnitude of the surge itself suggests the bear is still alive and well. Consider all trading days since the Nasdaq Composite Index COMP, +31.35% was created in 1971 in which it gained — as it did Thursday …

Curb your enthusiasm — Thursday’s explosive rally in stocks likely means the bear market is alive and well Read More »