It’s a Tom Jones rally but it may be overbought, say analysts

It’s a Tom Jones rally but it may be overbought, say analysts

The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Futures early on Friday are firmer again, but inevitably there are some observers still wary of the recent bounce. “Obviously, a … Read more

Will ether’s price fall after the ‘Merge’ in September?

Will ether’s price fall after the ‘Merge’ in September?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in the digital asset market. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can … Read more

Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap

Oil prices are down, but energy companies’ earnings estimates keep rising — these stocks are cheap

Oil prices have fallen from a peak earlier this year. But energy companies’ earnings estimates have kept rising on stronger demand and low capital spending. Below is a screen of large-cap oil stocks as a starting point for investors. Take a look at a 10-year chart of continuous front-month quotes for West Texas Intermediate (WTI) … Read more

These stocks soared up to 12% after inflation cooled

These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

Opinion: Here’s the big concern with chip makers scoring billions in funds from Uncle Sam

Opinion: Here’s the big concern with chip makers scoring billions in funds from Uncle Sam

On the day that Congress finally passed a long-awaited funding package for domestic US chip production, Intel Corp. slashed $4 billion from its spending plans while detailing disappointing earnings that one analyst called “the worst we have seen in our career.” On Tuesday, when President Biden signed that bill into law with Micron Technology MU, … Read more

Fuel cell-powered truck maker Hyzon’s stock suffers a record plunge after accounting questions raise delisting fears

Fuel cell-powered truck maker Hyzon’s stock suffers a record plunge after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were suffering a record plunge towards a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of issues,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, … Read more

Block stock drops after earnings, as Square’s parent company swings to a loss

Block stock drops after earnings, as Square’s parent company swings to a loss

Shares of Block Inc. fell 6% in after-hours trading Thursday after the payment-technology company swung to a loss in an earnings report that seemed to cause some controversy about whether the company actually beat or missed expectations on several key metrics. Block SQ, +1.85%, which somewhat recently changed its corporate name from Square, posted a … Read more

AMD stock slips as revenue forecast dips below Street consensus

AMD stock slips as revenue forecast dips below Street consensus

Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, topping Street expectations and reporting a huge surge in data-center sales. “Taking a step back, while there has been additional softness in the PC market in recent months, … Read more

The dollar will weaken and these stocks could outperform, says Evercore

The dollar will weaken and these stocks could outperform, says Evercore

Hopes that the Federal Reserve may be less aggressive in hiking borrowing costs than previously feared have rippled swiftly across markets in the past week. Stocks have rallied as bond yields have dropped. And it has brought the dollar’s rampage to a juddering halt. The dollar index DXY, +0.39%, which hit a 20-year high above … Read more

Will the stock-market rally turn into a selloff? This bond-market gauge could tip investors off

Will the stock-market rally turn into a selloff?  This bond-market gauge could tip investors off

Now that the Federal Reserve appears to have abandoned its forward guidance tool in favor of being “data dependent” to help inform its future path for rates, investors should keep an eye on this gauge of inflation expectations for signs of a shift in the market’s mood . Watch the five-year break-even inflation rate, one … Read more