The stock market is in turmoil, but brokerage firm Charles Schwab could be a port in the storm for investors, according to UBS. Analyst Brennan Hawken upgraded Charles Schwab to buy from neutral, saying in a note to clients Monday that the stock already reflects downside from issues like the potential end of payment for order flow and that Schwab is "well insulated from credit and market risk.
Additionally, the Federal Reserve is now hiking interest rates, which could be a boost to the bottom lines for brokerage firms. "If persistent inflation prevents the Fed from reverting to ZIRP once rate cuts start, we think both SCHW's earnings and multiple should hold up better than in prior downturns," Hawken wrote. UBS also noted that Schwab is already trading near its trough earnings multiple from the last market cycle, meaning that the stock could be due for a rebound.
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:
Sounds like market manipulation 🤔
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Wall Street analysts say these are the best stocks to beat the volatile marketTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple and Bank of America. I remember this guy from redditt
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Historically Don’t Bottom Out Until the Fed EasesInvestors ask how much farther stock markets will fall following another week of whipsaw trading I'm not doing this because of what I'm going to get in return because that's what you all think but I'm doing it to let y'all know that he's 100% safe to trade your bitcoin with AustinLeonardFX and also help boost your trade Investidores e Neuros em todo o globo terrestre existe TBM
Source: WSJ - 🏆 98. / 63 Read more »
Global Stocks Gain Ground; Crypto SteadiesInternational equities broadly rose in the absence of fresh news about inflation and interest rates, while U.S. markets were closed for a public holiday. Great, this holiday is hurting our one chance to help our market bounce back. Well, there is always 2024. I'm not doing this because of what I'm going to get in return because that's what you all think but I'm doing it to let y'all know that he's 100% safe to trade your bitcoin with AustinLeonardFX and also help boost your trade
Source: WSJ - 🏆 98. / 63 Read more »