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On Thursday’s “Ask Halftime”, our traders answered questions from CNBC Pro subscribers about stocks and ETFs during this market downturn, including whether to buy, sell or hold PayPal and Amazon. They are looking at quality stocks to buy on sale, as well as names that are doing well during economic turbulence. Other investments mentioned by … Read more
DETROIT – This is the beginning of the end for Tesla’s dominance of the US electric vehicle industry, according to the Bank of America Securities. When start-ups and older car manufacturers introduce a significant number of new electric vehicles, Tesla’s domestic share of the electric car market is expected to decline from 70% or more … Read more
FTX is popping up to buy the crypto lender BlockFi for pennies on the dollar, sources told CNBC. The forward sheet is almost over the finish line and is expected to be signed at the end of the week, according to a source, who asked not to be named because the deal was confidential. FTX … Read more
Interior area of the Restoration Hardware Store in the Meatpacking District of New York. Source: RH Check out the companies that make headlines during dinner shopping on Thursday. RH – The shares in RH fell by 10.6% after the exclusive furniture chain lowered its full-year outlook and said that consumer demand for its products could … Read more
The S&P 500 ends its worst first half in generations, but Wall Street believes some stocks may still make a comeback in the latter part of 2022. Equities have had a volatile start to the year, as a combination of rising inflation and a hawkish Federal Reserve spurred investors to release shares. The broad market … Read more
Traders on the floor on the NYSE, June 29, 2022. Source: NYSE (Click here to subscribe to the new Delivering Alpha newsletter.) A majority of Wall Street investors believe the market is pretty dead in the water for the rest of 2022 and, as a result, think it’s time to buy dividend-paying stocks, according to … Read more
Simon Property Group would suffer a downturn as consumers cut spending, according to Jefferies. Analyst Jonathan Petersen downgraded the shares in Simon Property Group to keep from buying, and said in a Thursday announcement that the mall’s real estate investments would struggle during a slowdown. “Malls are most exposed to discretionary consumer spending, and face … Read more
Here’s Thursday’s biggest conversation on Wall Street: Morgan Stanley repeats Disney when overweight Morgan Stanley lowered its price target on Disney to $ 125 per share from $ 170, but said the stock is “attractive” at current levels. “Down 40% YTD and below its share price before the Disney Plus launch, we see an attractive … Read more
Investors should stock up on Figs shares, as the name of healthcare clothing has already priced much of the bad news around inflation, according to Raymond James. Analyst Rick B. Patel began monitoring Figs with a strong buy rating and said on Wednesday that the company is better positioned to outperform in the second half. … Read more
Shares in Warner Bros. Discovery can almost double from here, as the best media company finds its way in the second half of the year, according to Benchmark. Analyst Matthew Harrigan began monitoring Warner Bros. Discovery with a buy rating, and said in a statement on Wednesday that the company is “imminent positioned” to overcome … Read more