Looking at future investment themes, Schwartz stressed the global economy's attempt to decarbonize and wean itself off fossil fuels, resulting in enormous amounts of capital that will pour into renewable energy producers and companies emphasizing carbon capture, advanced nuclear and hydrogen-powered technologies. Strong companies will have "a lot of M&A opportunities," while the looming challenge for those that are more stretched is, "Can borrowers refinance at higher rates?" Merger and acquisition activity will eventually accelerate on Wall Street, partly spurred by pent-up demand from companies with investment-grade balance sheets looking to buy assets from those with more leveraged capital positions, Alan Schwartz, executive chairman of Guggenheim Partners said on CNBC's "Squawk on the Street." Finance behemoths BlackRock, JPMorgan Chase, Wells Fargo and Citigroup will all report and kick off the second-quarter earnings season. Investors also have a slew of quarterly reports to consider this week. So investors are kind of Fed higher for longer little bearish in to this week, and I think core CPI could come in at 0.2 or better," Lee, the founder and head of research at Fundstrat Global Advisors, said on CNBC's "Squawk Box" on Monday. "We thought a tactical sort of opportunity was emerging because last week the market sold off because the jobs report was too strong, yields really popped. That said, Fundstrat's Tom Lee sees the inflation report coming in lighter than expected, which could spark a rally. Despite nonfarm payrolls growing less than expected in June, slightly stronger-than-expected wage growth raised concern over the potential for more Federal Reserve rate hikes. Last week, the S&P 500 pulled back 1.16%, while the Nasdaq Composite and Dow fell 0.92% and 1.96%, respectively. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower This signals “normalized supervision” for the domestic tech industry.Best Debt Consolidation Loans for Bad Credit Regulators confirmed that most outstanding issues related to platform companies’ financial businesses have been resolved. Chinese regulators imposed a 7.12 billion yuan ($985 million) fine on Ant Group, marking the conclusion of Beijing’s two-year clampdown on domestic tech companies. This indicates optimism regarding the end of scrutiny on its financial arm, Ant Group. Alibaba Jumps 5% OvernightĪlibaba’s Hong Kong-listed shares rose up to 5% on Monday morning. Negative operating leverage, where cost growth exceeds sales growth, is expected to impact earnings growth significantly. Earnings Expected to Be Shakyĭespite the recent economic challenges, there are concerns about S&P 500 earnings facing significant pressure for the remainder of the year, potentially entering an earnings recession. The upcoming earnings reports from finance giants BlackRock, JPMorgan Chase, Wells Fargo, and Citi will kick off the second-quarter earnings season. Wall Street experienced a losing week, with the S&P 500 pulling back 1.16% and the Nasdaq Composite and Dow Jones Industrial Average falling 0.92% and 1.96%, respectively. Investors will closely monitor the latest comments from Federal Reserve officials this week for hints about the central bank’s next interest rate policy moves. However, slightly stronger-than-expected wage growth in June raised concerns about the potential for more rate hikes in the future. Last month, the Federal Reserve decided to skip a rate hike at its June meeting.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |