Akin Oyedele
Mar. 25, 2015, 5:45 PM
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Screenshot via Bloomberg TVDavid RosenbergIt was a rough day for stocks.In a note to clients on Wednesday, Gluskin Sheff’s David Rosenberg took a step back to highlight four of the biggest obstacles facing the bull market.Here’s what Rosenberg outlined:Earnings momentum has slowed. Bottom-up consensus forecasts for S&P 500 operating earnings growth in the first quarter have […]
By Ben LevisohnBiotech stocks like Gilead Sciences (GILD) and Amgen (AMGN) have been a great place to be for investors. Now, the approval of the first biosimilar in the U.S. is raising concerns that biotech profits will decline–and causing their stocks to tumble. Citigroup’s Andrew Baum and team explain why:
Bloomberg News
Approval of Sandoz’s Zarxio, with full extrapolation across indications and lack […]
Benchmarks ended in negative territory for the fifth-straight session on Thursday following the Swiss National Bank’s surprise move to drop its long-standing exchange rate of the Swiss franc against euro. Moreover, disappointing earnings results from Bank of America and Citigroup, and dismal economic data weighed on markets. Also, another decline in oil prices dragged down energy shares on Thursday. The […]
Predictions for 2015
CNBC’s Patti Domm looks ahead to what investors should expect in the new year.
2015 by most accounts is expected to be a good, but not a great year for the stock market.The U.S. stock market however, unlike others around the world, is expected to enjoy a “just right” environment of improving growth against a backdrop of tame inflation, […]
Not panic, just repositioning: Pro
Discussing Friday’s jobs data, and potential Fed action, with Suni Harford, Citigroup, and CNBC’s Steve Liesman.
Stocks—already seeing their worst week this year—could see a continued selloff in the coming days, O’Neil Securities Director Kenny Polcari said Friday.For the S&P 500, “1,910 is going to be the 100-day moving average. That’s going to be where at least […]
Benchmarks ended mostly lower yesterday, dragged down by weak corporate earnings results. A drop in the initial claims numbers failed to lift benchmarks to the green and the S&P 500 had to retreat from an all-time high. The index returned to the red zone considering the year-to-date period. Financials were among the biggest decliners, dragged by weak results from behemoths […]
