The benchmark S&P 500 index SPX is now in a bull market, which is a far cry from what we were looking at a year ago. But what is a bull market? William Watts digs into the history of bull and bear markets and what drives them, while providing modern definitions for the terms.
The Ratings Game The Ratings Game column tracks analysts’ evolving opinions of high-profile stocks. This week one analyst said investors were looking at a once-in-a-lifetime opportunity to buy shares of Netflix NFLX , as the streaming pioneer’s crackdown on password sharing had been bearing fruit. Another set a $535 price target for Netflix, which would make for a 20% gain over the stock’s closing price of $445.27 Thursday.A related topic: Bank of America execs blew $93.6 billion.
IPO Report Even during a period of reduced investment-banking activity, there are companies planning on going public to raise money from investors. These are tracked in the IPO Report. Shares of Cava Group CAVA soared during their trading debut Thursday. Right before the IPO, Ciara Linnane interviewed the Mediterranean-themed fast-casual restaurant chain’s chief financial officer Tricia Tolivar, who steered clear of predicting when Cava might turn a profit.