“Big Short” Michael Burry Makes a Surprising Decision

"Big Short" Michael Burry Makes a Surprising Decision

The 2008 financial crisis, one of the biggest financial debacles in history, made Michael Burry a legend.  It made him one of the examples to follow in defiance of standard practices in financial circles. The 2015 film “The Big Short” describes how the investor, who had no particular expertise in finance and real estate, came … Read more

Why this cruise stock remains JPMorgan’s favorite as leisure travel keeps roaring

Why this cruise stock remains JPMorgan's favorite as leisure travel keeps roaring

The outlook for cruise stocks is still “more positive than not,” according to JPMorgan analyst Daniel Adam, but given macroeconomic and financial concerns in the sector, not all names are worth buying. He assumed coverage of cruise stocks Tuesday, keeping an overweight rating on Norwegian Cruise Line Holdings Ltd. NCLH, -3.49% and a neutral rating … Read more

Jamie Dimon warns of possible ‘mild to hard’ recession

Jamie Dimon warns of possible 'mild to hard' recession

Wall Street titan Jamie Dimon warned of a possible “mild to hard recession” as the Federal Reserve continues to hike interest rates — and meanwhile ridiculed cryptocurrencies, calling them as useless as “pet rocks.” The hard-charging chief executive of JPMorgan Chase said America’s global economic advantages could take a painful hit as the Fed continues … Read more

MRTX Stock Crashes As Amgen Rivalry Heats Up With New Lung Cancer Data

MRTX Stock Crashes As Amgen Rivalry Heats Up With New Lung Cancer Data

Mirati Therapeutics (MRTX) said almost half of patients responded to its lung cancer regimen, but MRTX stock crashed Tuesday as investors questioned whether it could take on traditional chemotherapy. X The biotech company tested its drug, adagrasib, in combination with Merck‘s (MRK) Keytruda in patients with non small-cell lung cancer. Across all patients, 49% responded. … Read more

Stocks flat after Monday’s rout

Stocks flat after Monday's rout

U.S. stocks were little changed Tuesday morning as Wall Street continued a sluggish start to the week, as investors digest new readings on October’s trade balance and await results from the Georgia Senate runoff election. The S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI) and the technology-heavy Nasdaq Composite (^IXIC) were unchanged in early … Read more

Dow Jones Falls After Stock Market Sell-Off; Tesla Continues To Skid

Dow Jones Futures Fall 175 Points Ahead Of Fed Meeting; 6 Top Stocks To Buy And Watch

The Dow Jones Industrial Average fell Tuesday morning, as the major stock indexes looked to rebound after Monday’s stock market sell-off. Dow Jones financial giant JPMorgan jumped after being double upgraded ahead of the market open. X AutoZone (AZO) and GitLab (GTLB) were key earnings reporters Tuesday morning. AZO shares declined 3% despite better-than-expected results … Read more