Opportunities abound in this turbulent market

There are plenty of opportunities in this turbulent market, says Mary Callahan Erdoes of JPMorgan. Stocks are trading in a bear market this year as investors navigate inflation, Federal Reserve rate hikes and talk about a potential recession. On Wednesday, the S&P 500 recovered after hitting a new low for the year in the previous … Read more

JPMorgan (JPM) fintech deal to acquire Renovite to fight Stripe and Block

The main entrance to JPMorgan’s New York City headquarters. Erik McGregor | Light Rocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms, including Stripe and Block, CNBC has learned. The bank, a major player in global payments, said the acquisition of Fremont, … Read more

Visa, Mastercard and AmEx to categorize gun store sales

NEW YORK (AP) – Payment Processor Visa Inc. said Saturday it plans to categorize sales at gun stores separately, a big win for gun control advocates who say it will help better track suspected increases in gun sales, which could be a prelude to a mass shooting. But the decision by Visa, the world’s largest … Read more

Company stocks in bleak sectors that analysts love

This year has been marked by major sell-offs in certain sectors as economic uncertainty and rising interest rates have led to sharp declines. However, there are still some stocks that are outperforming even as their competitors slump, and Wall Street analysts think it’s not too late to jump into those names. The chart below, which … Read more

This Fidelity growth fund is one of the best. This is what it bought

The Fidelity Growth Company fund has had an excellent decade. The independent rating company Morningstar, which gives it a five-star rating, says it is one of the best-performing funds of the past 10 years. The fund has $45.4 billion in assets under management and invests in domestic and foreign companies that the advisor believes have … Read more

Stock selection on peak inflation, recession, earnings cuts: Jefferies

A slowdown could be on the horizon and analysts are forecasting more earnings cuts. Taking into account a possible spike in inflation, and that mix of factors could favor a particular class of stock. Sky-high inflation has supported the US Federal Reserve’s aggressive tendency, Jefferies said in a July 29 investigative report. But a recent … Read more

McDonald’s, Netflix, Amazon, Nvidia, Visa

Here are Friday’s biggest calls on Wall Street: Edward Jones upgrades Qualcomm to buy off hold Edward Jones said it sees an “attractive” buying opportunity in Qualcomm. “We are upgrading Qualcomm to Buy from a Hold because we believe the stock does not fully reflect our growth prospects.” Read more about this call here. Wells … Read more

Wall Street Analysts Are Upbeat on Alphabet and Microsoft

A man walks past the Google brand logo of Alphabet Inc outside his office in Beijing, China, 8 August 2018. Thomas Peter | Reuters The earnings season could lead to increased volatility in the markets, and this time it shows no signs of slowing down. In tumultuous times like these, short-term betting can be dangerous. … Read more