Market is Price

Disney ( DIS ) shares rose more than 2% on Monday following a fresh upgrade on Wall Street. Barclays analyst Kannan Venkateshwar upgraded the stock to Overweight from Equal Weight and boosted his price target on shares to $135 from the prior $95. The move implies roughly 15% upside based on current trading levels of about $120 a share. Venkateshwar argued better-than-expected free cash flow and earnings guidance, coupled with "tactical tailwinds" such as the Hollywood strikes , Hulu's consolidation, and cost cuts , have helped buoy investor confidence. Meanwhile, "the propensity among media investors to be long Disney, has resulted in the stock outperforming broader markets meaningfully thus far this year, at a pace faster than we anticipated." The stock has been on a tear since the start of the year, up more than 30% compared to the S&P 500's 10% rise over that same time period. It's a significant turnaround for the company after its stock pr...

Progressives’ crusade to go easy on “minor” crimes has proved a bonanza for major criminal enterprises. Here in New York, a Post investigation has revealed , “mercy” for shoplifters opened to door to a multi billion -dollar black market whose kingpins now order up goods for theft by addicts and other “petty” thieves. Shoplifting and other retail theft already cost New York businesses an estimated $4.4 billion in 2022; since the Legislature refuses to crack down, the yearly toll is likely over $5 billion now. The scam is simple: Fagin-like ringleaders use minions to do the dirty work of grabbing items, even giving them a “shopping” list of desirable products, then turn around and sell the ill-gotten goods on Facebook Marketplace, eBay, on the streets, to bodegas or through their own storefronts. And they have warehouses full to the brim with stolen merchandise. The thieves at every level pad their pockets; honest businesses get screwed and customers pay the price in the form of h...

It was a pivotal week for Central Banks around the world, with several important rates decisions shaking the investing landscape for the year ahead. In what was considered a historic decision, the Bank of Japan hiked interest rates for the first time in 17 years, putting an end to the longest negative rates policy in history. However, as the market expected more hawkishness from the BOJ, the Japanese Yen tanked afterward the decision, reaching the key 150 level. Conversely, the SNB cut rates in a surprise move on Thursday, making Switzerland the first developed nation to pivot in the current cycle. In the US, the stock market surged to new highs following the Fed's indication that it will maintain its projection for three interest rate reductions this year, despite stubborn inflation readings. Investors are now giving an 80% chance to all three major central banks – the , the , and the – to implement their first 25bps cut by June. As the market continues to rally, savvy trader...

[unable to retrieve full-text content] This week may signal if the big market boom has momentum    TheStreet from "market" - Google News https://ift.tt/h4wTu2d via IFTTT

The traditional fourth-anniversary gift is fruit or flowers, according to the arbiters of etiquette. Which fits pretty well with this market moment, four years to the day since the Covid-crash low, which finds investors now savoring sweet returns and adopting a distinctly rosy outlook. Since that distressed moment of mass fear and urgent asset liquidation, the market has done what it typically does following a panic: delivered profits far above average. The four-year total return for the S & P 500 since March 23, 2020, is just about 150%, or 25.7% annualized. And that's including a 25% setback from high to low in 2022. .SPX mountain 2020-03-23 S & P 500 since the Covid low This is, of course, an idealized starting point from which to measure performance. And in truth the 34% February-March 2020 black-swan dive was so sudden and so quickly reversed that not all that many investors locked in those prices. While the S & P 500 bottomed at around a three-year low under 2,20...

Stocks look like they're in the most extreme bubble in history, investor John Hussman said.  The legendary investor thinks stocks look as overvalued as they were in 1929 and in 2021. That means the market could be at risk for a steep correction, he said in a recent note. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Advertisement Stock valuations look as extreme as they were in 1929 and 2021 before markets tanked, and investors are at risk of experiencing a steep crash, according to John Hussman. The legendary investor who called the 2000 and 2008 market crashes cast another warning for the stocks this week as investors sent the market to all-time highs on the back of the Fed's latest policy update that reiterated the outlook for rate cuts in 2024.  But that enthusiasm is putting the market in a precarious position similar to what was seen prior to the 1929 crash, or the market peak...

FORT WAYNE, Ind. (WANE) — A downtown Fort Wayne farmers market will host its first-ever fundraiser Saturday with a murder mystery twist. YLNI Farmers Market’s fundraiser will be held at The History Center in the form of a dinner and an auction. Ashley Wagner, the market manager for YLNI Farmers Market, said the market’s growth has led to organizers looking for new ways to expand the market and support vendors and customers. “The market continues to grow summer after summer, and along with that growth has always come growing pains, and so to offset some of those struggles, we decided to plan a fundraiser,” Wagner said in a press release. Travis Adkins, vice president of Community Impact for YLNI Farmers Market, said the dinner will feature a murder mystery theme akin to classic Hollywood movies. “Our caterer, which is called Out of a Jam — it’s one of our vendors — they are kind of gearing the food to that,” Adkins said. Edwin Coe will provide a cash bar during the fundraiser tha...