Looking to invest in stocks with long-term value? Veteran investor Mohnish Pabrai has two books to recommend. Speaking to CNBC Pro Talks, Pabrai — a value investor and disciple of billionaire Warren Buffett — said that “100 to 1 in the Stock Market” is an “extremely well-written” book. Authored by Thomas Phelps and originally published 50 … Read more
Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window of positive momentum for an … Read more
A shopper inside a women’s clothing store in the East Village neighborhood of Des Moines, Iowa, on Saturday, Feb. 5, 2022. Kathryn Gamble | Bloomberg | Getty Images A widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly. The University of Michigan’s Surveys of Consumers said consumers expect inflation to rise … Read more
Credit Suisse on Friday reduced its Tesla target price, pointing to a potential shortfall in second-quarter deliveries as the company’s suppliers recover from Covid shutdowns in Shanghai. The firm lowered its target to $1,000 from $1,025, citing increased competition, poor execution on growth plans, disruptions from Covid-19 restrictions and input cost inflation. “We expect Tesla … Read more
Consumers in China’s smaller cities are more willing to spend than those in large, well-known Chinese cities like Shanghai that have had to battle Covid this year, JPMorgan analysts said, citing an American consumer branding expert in China. “There is an untold story about the stronger economic growth outside [Tier] 1/2 cities, and in the … Read more
