What’s Going On In The Stock Market
Economists surveyed by Bloomberg expect the CPI to have been unchanged at 8.3% in May, and expect core inflation to have fallen to 5.9% from 6.2% in April. US stocks traded lower on Thursday as investors digested the European Central Bank’s plan next month to hike interest rates for the first time in a decade. UBS Global Research analyst Cody Ross downgraded Kraft Heinz (KHC, -6.1%) to Sell from Neutral , saying the consumer staples stock lacks the pricing power needed to power through higher inflation. “We believe it will be difficult for KHC to pass through additional pricing next year and by that time, KHC will likely be battling trade down pressure as consumers’ budgets are squeezed further,” Ross writes in a note to clients. While three Wall Street pros say it’s a Strong Buy, 14 have it at Hold, two say Sell and one says Strong Sell, according to S&P Global Market Intelligence.
Jul 4, 2022 Revolve Group stands out in a field of beaten-down growth stocks.
Jul 4, 2022 Kroger’s strategy of discipline and dividends makes it a fresh pick for investors. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Stockmarket.com PYPL stock price today and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. StockMarket.com and any data provider in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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If the S&P 500—currently trading at 3930—falls to 3837, it would mark a bear market, or a 20% drop from its all-time high, hit in early January. The stock market rallied late Thursday to blot out most of its losses. Investors continued to fret about the impact of inflation and the Federal Reserve’s tighter monetary policy on the economy.
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Jul 4, 2022 Downturns are healthy for the market.
Markets are trading higher today despite https://dotbig.com/markets/stocks/PYPL/ lingering inflation woes.