Goldman Says Fed Has Made Progress Toward a Soft Landing
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- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
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US Firms With High Foreign Revenues More Challenged Than Domestic Peers - Jefferies
September 6, 2022 3:15 PM UTCIn a note focused on US equities, Jefferies analyst Sean Darby stated that companies with high foreign revenues are likely to be more challenged than their domestic peers.
"US financial conditions deteriorated last week led by a sell-off in credit," stated Darby. "There has been a remarkable drop in the number of companies raising prices. The risk for our sector allocation... More
Morgan Stanley Sees S&P 500 Plunging to 'Minimum' 3400 in Q4
September 6, 2022 6:12 AM UTCMorgan Stanleys top U.S. equity strategist Michael Wilson has made further cuts to the firms earnings estimates as he believes the market is yet to hit the bottom in this cycle.
The strategist notes that Morgan Stanleys leading models point to continued and increasingly significant EPS growth downside well into 2023. Along these lines, the 2022 EPS forecast is cut to $220 from $225 and 2023 to $212 from... More

