Wall Street closes higher for third session on rate cut optimism
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JPMorgan Says US Forward Price-to-Earnings Ratio is 'Very Stretched'
May 7, 2024 7:05 AM EDTJPMorgan Says US Forward Price-to-earnings Ratio is 'Very Stretched'
The analyst comments "We are concerned about inflation staying too high if there is no slack created in the economy, adverse bonds demand-supply with negative term premia, consensus expectation of profit acceleration of almost 20% between Q1 and Q4 of... More
BTIG's Krinsky sees buying opportunity in China stocks despite bearish sentiment
May 7, 2024 6:19 AM EDTA BTIG analyst said in a note Tuesday that the current bearish sentiment and improving trend has created an attractive set-up for Chinese equities.
The analyst stated that after a rough start to 2024, the Hang Seng is now beating S&P 500 in the year-to-date, while sentiment is "still extremely... More
Selloff in equities pushed small cap stocks close to fair value - Jefferies
May 6, 2024 1:52 PM EDTFollowing a turbulent period of market volatility, small-cap stocks are inching closer to fair value, according to a note from Jefferies analysts on Monday.
Jefferies highlights the impact of the recent selloff on small-cap equities, positioning them in the 54th percentile of their absolute valuation model, close to... More
The re-test of 2024 high is coming: BTIG on S&P 500
May 6, 2024 1:28 PM EDTBTIG has analyzed market trends and predicted that the S&P 500 index will likely re-test its 2024 high.
The investment firm said in a research note Monday that the index, which is considered the best gauge of large-cap U.S. equities, is now firmly above its downtrend from... More
