16 days ago | By Business Insider
Many economists expect US consumer spending to keep the economy growing. Alexander Spatari/Getty Images The stock market still has more downside ahead as persistent inflation weighs on consumer sentiment, according to Morgan Stanley's Mike Wilson. The firm sees the S&P 500 trading another 16% lower over the next year in its bear-case scenario. "We continue to believe that the US equity market is not priced for this slowdown in growth from current levels," Wilson said. The stock market isn't out of the woods yet even when accounting for its current decline, according to Morgan Stanley's...
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16 days ago | By Business Insider
Traders work the floor of the New York Stock Exchange David Dee Delgado/Getty Images An economic recession would send the S&P 500 another 25% lower to 3,000, according to DataTrek Research. DataTrek believes the Fed is trying to drive a slowdown in job growth to contain rising inflation. Slowing job growth could cascade into a recession, but for now the S&P 500 is proving resilient. The stock market could fall another 25% if interest rate hikes from the Federal Reserve spark an economic recession, according to DataTrek Research. The Fed has a tough balancing act as it attempts to tame...
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Brokerages expect CACI International Inc to announce earnings per share of $4.53 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made... Read more ...
Wall Street analysts predict that Banner Co. will announce earnings of $1.20 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts... Read more ...
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Rapid Micro Biosystems is one of 42 publicly-traded companies in the “Analytical instruments” industry, but how does it compare to its rivals? We will compare Rapid Micro... Read more ...
The great expectations laid on companies at the outset of the pandemic have turned into pitiless correction over any weakness. Read more ...
This week's recap of everything sent to you across Jim's publications... Read more ...
HireRight Holdings Co. Director Stone Point Capital Llc acquired 130,531 shares of HireRight stock in a transaction on Wednesday, May 25th. The stock was acquired at an average... Read more ...
Real estate accounts for about 25% of China's GDP and has been a key driver of growth. Beijing needs to strike the right balance in supporting Evergrande while at the same time... Read more ...
Foresight Enterprise VCT Plc declared a dividend on Friday, May 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 16th will be paid a dividend of GBX 3.50... Read more ...
BioAffinity Technologies, Inc. plans to raise $10 million in an IPO on Tuesday, May 31st, IPO Scoop reports. The company will be issuing 1,500,000 shares at a price of $6.75... Read more ...