Author: Mary Waters | Lending Agent
Ariel Investments’ John Rogers said he views this year’s sell-off as a perfect opportunity to find good bargains, even as recent tariff and recessionary fears have clouded the outlook on U.S. markets for many investors. Rogers, Ariel’s chairman, co-CEO and chief investment officer, told CNBC’s “Squawk Box” on Friday that the firm has been picking up shares of companies he likes that became cheap during the pullback. Major indexes remain in the red for the year, but are on pace for their second winning week in a row as enthusiasm picks up on potentially easing global trade tensions. “I don’t…
Morgan Stanley highlighted Taiwan Semiconductor Manufacturing as its top stock pick once again after strong artificial intelligence capital expenditures from Meta and Microsoft helped dispel concerns. The bank currently has an overweight rating on shares of the Taiwan-dominated Taiwan Semiconductor Manufacturing. Analyst Charlie Chan’s price target of NT$1,288.00 implies a potential upside of 42% from the stock’s April 30 close of NT$908.00. Shares of the Taiwan-traded Taiwan Semiconductor Manufacturing have shed 12% this year. The stock’s American Depositary Receipt, trading under the ticker TSM on the New York Stock Exchange, has slipped nearly 13% over the same period. TSM YTD…
After Amazon’s latest results came in above expectations , Wall Street remained largely bullish on the path ahead for the e-commerce behemoth. Shares of Amazon shed 1.5% in Friday’s premarket trading hours after the company gave soft guidance for its current quarter, noting lingering uncertainty from President Donald Trump’s tariffs. Amazon expects its second-quarter operating income to come in between $13 billion and $17.5 billion. However, first-quarter results exceeded analyst estimates, according to LSEG. The company reported earnings of $1.59 per share on revenue of $155.67 billion, which beat the $1.36 per share on revenue of $155.04 billion analysts polled…
Apple posted quarterly results that exceeded analyst expectations, but said that its forward outlook remains murky due to existing tariff headwinds. Nonetheless, most analysts remain bullish on the iPhone maker. On Thursday, Apple reported fiscal second-quarter earnings of $1.65 per share on revenue of $95.4 billion. This beat prior analyst estimates of $1.63 per share on $94.66 billion in revenue, per LSEG. But investors were left feeling somewhat unsatisfied after Apple’s services revenue of $26.65 billion for the quarter came in below the expected $26.70 billion, according to StreetAccount. This number still represented an annual increase of 11.65%. Apple’s Services…
Elon Musk suggested Wednesday that the Department of Government Efficiency (DOGE) may investigate spending at the Federal Reserve. The billionaire CEO of Tesla and SpaceX, who was tapped by President Donald Trump to head the organization tasked with cutting federal spending, told multiple news outlets during a wide-ranging interview at the White House that the Fed’s $2.5 billion renovation of three of its Washington, D.C., office buildings was an “eyebrow raiser.” “Since at the end of the day, this is all taxpayer money, I think we certainly — we should definitely — look to see if indeed the Federal Reserve…
The U.S. Department of Veterans Affairs discontinued a mortgage assistance program on Thursday that has helped about 20,000 veterans avoid foreclosure after falling behind on their mortgages. The Veterans Affairs Servicing Purchase (VASP) program was started on May 31, 2024, and was a last-resort mortgage assistance option that helped veteran borrowers obtain an affordable payment program when they became delinquent on their mortgages. The program helped eligible veterans, active-duty service members and surviving spouses with VA-guaranteed home loans who were experiencing severe financial hardship by purchasing defaulted home loans from mortgage servicers. The loans were then modified and placed in…
In this volatile environment, there could be big opportunities in two health-care names, according to Chris Grisanti, MAI Capital Management’s chief market strategist. Stocks have been rocky amid fears about President Donald Trump’ s high tariff policy and the economy. On Thursday, equities moved up again after investors reacted to strong earnings from two tech titans, Meta Platforms and Microsoft , out after the bell Wednesday. Grisanti said his health-care plays will work best “when the market gets more difficult again.” He gave his two buys, and one name he’s avoiding, during the ” Three-Stock Lunch ” segment on CNBC’s…
After enjoying a calm, steady winning streak so far this week, mortgage rates finally experienced a bump back toward slightly higher levels on Thursday. The move followed the release of a closely watched report on the manufacturing sector. The economic data wasn’t strong in outright terms. In fact, it suggested contraction in the sector. But what matters is that it was stronger than the market expected. In general, stronger data causes weakness in the bond market which, in turn, results in mortgage lenders offering higher rates. Today’s change was just as small as any other day this week. Specifically, The…
April was stormy for equity investors, but even retail investors holding onto Treasurys went on a wild ride – complete with sharp price swings. President Donald Trump’s “reciprocal” tariff rollout on April 2 and subsequent suspension of higher rates spurred volatile trading in stocks. At one point, the S & P 500 briefly slid into a bear market , dropping more than 20% from its February record, before dialing back its losses as retail investors bought the dip. The broad market index ended Wednesday – the final trading day in April – about 9% off its record close. .SPX 1M…
The U.S. manufacturing sector contracted in April for the second month in a row, according to the latest manufacturing survey of supply executives from the Institute for Supply Management (ISM). The two-month contraction had interrupted a rare expansion for the sector, which had grown during the first two months of 2025. But before that, U.S. manufacturing had contracted for 26 consecutive months. Manufacturing is one of the linchpins of President Donald Trump’s plan to expand the U.S. economy. The commercial real estate sector is also a major consumer of warehouse and industrial properties. Trump has promised to grow the sector…