September was cruel for the stock markets – living up to its historical reputation as the weakest month for the S&P 500. This time, the bond market has been one of the main culprits for Wall Street’s downturn, according to Jim Cramer. The S&P 500 fell 4.33% between September 1 and Friday’s close, even though… Read More »
It was another negative week on Wall Street, with all three major averages posting sharp losses despite recovering on Friday. The S&P 500 and the tech-heavy Nasdaq fell 2.3% and 2.9% this week, respectively, while the Dow Jones Industrial Average lost 1.5%. There are many reasons why investors are selling stocks. Jim Cramer identified six… Read More »
Fidji Simo, CEO of Instacart Inc., speaks during an interview with Bloomberg Studio 1.0 in San Francisco, California, USA, on Thursday, March 3, 2022. David Paul Morris | Bloomberg | Getty Images Instacart, the food delivery company that has seen its business boom during the pandemic, priced its long-awaited IPO at $30 per share on… Read More »
This week’s government economic data revealed pockets of durable consumer spending despite persistent inflation, signaling a favorable quarter ahead and further upside for two of our retail stocks. First, the numbers The consumer price index, a measure of retail inflation, recorded its biggest monthly increase this year – a seasonally adjusted 0.6% gain in August,… Read More »