Federal Reserve interest rate hikes usually pound stocks, but then something surprising happens
Brace for minor market tremors if the Fed hikes interest rates, as many on Wall Street think will happen later today.
But if history holds up, any losses could prove short-lived.
The S&P 500 has declined by an average of 4.0% over the six weeks following the first Fed rate hike of a cycle across seven such episodes since 1988,
Read MoreTesla (TSLA) Stock Downgraded: Goldman Sachs Slashes Q3 Delivery Projections Amid Demand Concerns
Key Takeaways
- Goldman Sachs reduced Tesla’s third-quarter delivery projection to 435,000 units from a prior estimate of 490,000, pointing to softening demand across major markets including China,
One Wall Street Analyst Just Said Tesla Stock Could Be Worth $840: Time to Buy?
A Morgan Stanley analyst, Andrew Percoco, recently raised his bull-case target price for Tesla (TSLA -0.67%) from $820 to $840 while maintaining an equal-weight rating and a $400 price target in his base-case scenario. (The shares now trade for about $357.) Wall Street analysts often provide a range of price targets reflecting various outcomes,
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Read MoreIs It Too Late to Buy Nvidia Stock?
Although it briefly lost its crown to Apple (NASDAQ: AAPL) in July, chipmaker Nvidia (NASDAQ: NVDA) is once again reigning supreme as the largest company in the world by market capitalization.
It’s also the only company in the world currently worth over $5 trillion.
Missed Nvidia in 2009?
» Read more about: Is It Too Late to Buy Nvidia Stock? »
Read MoreWall Street’s Favorite Safe Haven Could Be In Trouble. How Investors Should Play Gold Here.
Is there any investment market segment more debated than gold (XAUUSD)? I’m not sure there is. We have “gold bugs,” including those who see the yellow metal as the asset to own when the world goes haywire.
The Burst
Market Commentary: When To Sell Your Stock, Precisely
Buying stocks is easy but when should you sell them? Today we’ll take a look at a specific example of precisely when to take profits, and move to the next best trading idea.
We’re going to use Upstart for our case study. In the chart below, you can see Upstart was in a a bullish trend since early May.
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Read MoreThe Ivy
1 ETF Set To Way Outperform?
A joke went viral recently when a comedian wrote a skit about two people arguing over the merits of the US Dollar and Bitcoin respectively. Had you invested $10,000 in Bitcoin in 2010, you would have almost $100 million now, according to the skit writer. If you left your $10,000 in fiat currency you would have about $8,500.
» Read more about: 1 ETF Set To Way Outperform? »
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