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  Bloomberg

  Summers, El-Erian Pile Criticism on Fitch Downgrade Decision

  (Bloomberg) -- Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision to downgrade the US given signs of resilience in the world’s largest economy.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeUS, Europe Growing

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  TipRanks

  ‘Load Up,’ Says Raymond James About These 2 ‘Strong Buy’ Stocks

  As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l

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  TipRanks

  ‘Opportunities Outweigh Risks’: Oppenheimer Sees at Least 60% Gains in These 2 Stocks

  It’s been clear for a while now that the stock market is on an upward trajectory, buoyed by a resilient economy and retreating high inflation. The good news, according to John Stoltzfus, Chief Investment Strategist at Oppenheimer, is that the chances of the bull market continuing are more likely than the bears grabbing hold of the narrative once again. “Our appraisal of the market landscape at this time suggests that opportunity outweighs risk as current monetary policy generates a transition fr

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  TipRanks

  Billionaire Mark Mobius Says Emerging Market Stocks Are the Place to Be Right Now; Here Are 2 Names That Analysts Like

  Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I

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  Bloomberg

  Tupperware Pops with 800% Surge as Meme Trade Burns Shorts

  (Bloomberg) -- Tupperware Brands Corp. has been warning for months that it may go bust, but that isn’t keeping retail investors away from powering an eye-popping rally reminiscent of the pandemic-era meme stock craze.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTrump Indicted on Federal Charges in 2020 Election ProbeUS, Europe Growing Ala

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  Reuters

  Apollo leads deal for trucking firm Yellow's bankruptcy loan - Bloomberg News

  Shares of Yellow were up 78% at $3.14 in afternoon trade. The U.S. asset manager, which owns most of one of Yellow's term loans, is well-positioned to provide backing and is finalizing a deal to lead a debtor-in-possession financing for the cash-trapped trucking company, the report said. Yellow declined to comment, while Apollo did not immediately respond to a Reuters request for comment.

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  Bloomberg

  Fitch’s US Credit Downgrade Sparks Criticism Along With Unease

  (Bloomberg) -- Fitch Ratings’ downgrade of US government debt sparked criticism from Washington and Wall Street even amid unease that swollen fiscal deficits risk eventual turbulence in markets, the economy and next year’s presidential election.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PolicePoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Elect

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  Zacks

  Devon Energy (DVN) Q2 Earnings Top Estimates

  Devon Energy (DVN) delivered earnings and revenue surprises of 0.85% and 9.23%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?