With midterm elections underway, investors are waiting to see if, and how, the results may weigh on stocks — and which names will outperform. The market is expecting Republicans to at least gain control of the House and is rising for a third straight day on Tuesday. RBC's head of U.S. equity strategy, Lori Calvasina, believes there may be a rally if Republicans get a majority in one or both chambers of Congress. How much of one depends on what happens.
Some 84% of analysts who cover the stock rate it a buy. Alaska Air recently reported third-quarter earnings that beat analyst expectations, thanks to a busy travel season. While tech has been slammed this year, Alphabet and Match Group are analysts' favorites within the communication services group. Google-parent Alphabet is down about 38% year to date but has nearly 45% upside to the average analyst price target. Some 75% of analysts covering the stock rate it a buy.
Of course it is. Gridlock is ALWAYS good for the economy, the markets, and all Americans!!
GOP House - Unilever
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks resilient as Wall Street slips, China trade disappointsU.S. stock futures and commodities slipped in Asia on Monday after Beijing denied it was considering easing its zero COVID-19 policy, though resilience in Asian equities took some of the sting out of the selling.
Source: Reuters - 🏆 2. / 97 Read more »
Wall Street Journal: Meta is planning significant layoffs | CNN BusinessFacebook-parent Meta is planning the first significant layoffs in its history as the company grapples with a shrinking business and fears of a looming recession, according to the Wall Street Journal. Well that's what they get for censoring conservative voices. In 2021 I was 'fact checked' for posting a joke about the election. Seriously another one Happy for employer
Source: cnni - 🏆 326. / 59 Read more »
Asian stocks rise on China reopening hopes, track Wall StreetAsian shares rose on Tuesday as U.S. stocks increased overnight before midterm elections and investors clung on to hopes that China would eventually relax its strict pandemic curbs even after the government reaffirmed its commitment to the zero-COVID policy. 😅😅😅Guang Zhou shutdown too. China locks down again after someone smelt a fart in Shanghai and it's Biden's fault. As a result Chinese real estate developers couldn't possibly be responsible for their Ponzi scheme. On an unrelated note Reuters begs everyone to buy Chinese bonds as they seek a short position.
Source: Reuters - 🏆 2. / 97 Read more »