NASDAQ Composite

Apple is a safe haven amid the stock market rout, says tech investor Gene Munster

Tech stocks have been pummeled this year, but Apple is acting like a safe haven amid the turbulence, according to tech investor Gene Munster. While the tech-heavy Nasdaq is down 28% for the year and big names like Meta and Netflix dropped about 60%, Apple is down just 15% year to date. “They are fundamentally …

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Morgan Stanley’s Slimmon on S&P 500 by year-end, picks stocks to buy

US markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of Morgan Stanley Investment Management, who says the S & P 500 could enjoy upside by year-end. US inflation data out Tuesday showed consumer …

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Tech, crypto, emerging markets ETFs hit historic lows during this latest stock market downturn

It is getting ugly out in tech land. The Nasdaq Composite is down for 7 straight sessions (down 8.6%), its longest losing streak since a 9-day losing streak in Nov. 2016. A number of formerly high flying thematic tech ETFs are scraping along the bottom, at or within 1% of a 52-week low. A few …

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JPMorgan’s Kolanovic says a ‘mild recession’ is already priced in and so the worst is behind us

The stock market has already discounted a modest recession, and that means investors can bet on a rebound, according to a top strategist at JPMorgan. Fears of a recession have steadily grown since the beginning of summer, and many economists expect a second-consecutive negative GDP reading later this week. However, JPMorgan’s Marko Kolanovic said in …

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Morgan Stanley’s Mike Wilson on bear market and the S&P 500

There has been much debate among market watchers about when this bear market will bottom, after a turbulent first half of the year for stocks. But Morgan Stanley’s chief investment officer believes that the end of this bear market will come “pretty quickly.” Mike Wilson, also the investment bank’s chief US equity strategist, told CNBC …

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