Novavax, GoodRx, Allbirds and more

Novavax, GoodRx, Allbirds and more

Take a look at some of the biggest pre-market movers: Novavax (NVAX) – The drugmaker’s stock fell 32.3% in premarket after posting an unexpected quarterly loss and halving its full-year revenue forecast. Novavax said it did not expect further U.S. sales of its Covid-19 vaccine this year amid weak demand and a glut of supply. … Read more

Attention turns to US inflation and Fed outlook

Attention turns to US inflation and Fed outlook

LONDON — European markets were slightly lower on Tuesday as attention in global markets turns to a key print of US inflation expected on Wednesday. The pan-European Stoxx 600 slid 0.3% by mid-morning, with travel and leisure stocks shedding 1.2% to lead the losses while insurance stocks gained 0.5%. Investors are trying to gauge the … Read more

High-quality stocks oversold as market headwinds fade

High-quality stocks oversold as market headwinds fade

The S&P 500’s blistering streak continues after a third straight week of gains and a 9.1% rise in July. Add to that a better-than-expected earnings season and strong economic data, and the market could be poised to move on from a dramatic first half. That’s certainly a view shared by Morningstar’s chief US market strategist, … Read more

Wage inflation, used car prices could soar: Jim Bianco

Wage inflation, used car prices could soar: Jim Bianco

Washington’s efforts to rein in inflation will particularly fail this year, according to market forecaster Jim Bianco. And, he thinks this week’s key inflation data will help prove it. “I don’t see anything that could reduce the rate of inflation. There are some things that could reduce prescription drug prices and maybe a few other … Read more

Jim Cramer Says These 7 Covid-Era Winning Stocks Have Power

Jim Cramer Says These 7 Covid-Era Winning Stocks Have Power

On Monday, CNBC’s Jim Cramer offered investors a list of stocks that made huge gains during the height of the Covid pandemic and continue to perform well. “Wall Street has written off all the Covid winners, but a handful of these companies have turned out to be true powerhouse giants. And I think it’s absolutely … Read more

5 things to know before the stock market opens on Monday August 8

5 things to know before the stock market opens on Monday August 8

A trader works on the floor of the New York Stock Exchange (NYSE), New York, August 3, 2022. andrew kelly | Reuters Here are the most important information investors need to start their trading day: 1. Stocks are looking for momentum U.S. stock markets were on track to open higher on Monday morning after three … Read more

Palantir, Signify Health, Global Blood Therapeutics and more

Palantir, Signify Health, Global Blood Therapeutics and more

Take a look at some of the biggest pre-market movers: Palantir (PLTR) – The data analytics company’s stock plunged 15.6% in premarket trading after announcing an unexpected quarterly loss and lowering its full-year forecast due to the uncertain timing of certain government contracts. Signify Health (SGFY) – CVS Health (CVS) is planning a bid for … Read more

Berkshire Hathaway BRK Q2 2022 Results

Berkshire Hathaway BRK Q2 2022 Results

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stall at Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, USA, April 30, 2022. scott morgan | Reuters Berkshire Hathaway’s operating profits jumped in the second quarter despite fears of slowing growth, but Warren Buffett’s conglomerate has … Read more

A ‘shakeup’ among mortgage lenders is coming

A ‘shakeup’ among mortgage lenders is coming

A sign hangs at a branch of Banco Santander in London, UK, Wednesday February 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been battered by falling demand for loans this year as a result of interest rate hikes by the Federal Reserve. Some companies will be forced out … Read more

European markets are open to close; US key jobs report, earnings at a glance

European markets are open to close;  US key jobs report, earnings at a glance

LONDON — European markets were slightly lower on Friday morning as investors followed corporate earnings and awaited a key US jobs report. The pan-European Stoxx 600 was down 0.3% by late morning, with media stocks shedding 1.3% to lead the losses while telecoms added 0.6%. Markets endured a cautious week as investors reacted to a … Read more