Even though the most recent inflation data shows signs of cooling down, the Fed will likely continue raising rates to meet its target. Moreover, the weakening profit outlook for the fourth quarter only adds to the recession worries. Hence, fundamentally strong and stable stocks PepsiCo (PEP), Cisco Systems (CSCO), and Sprouts Farmers Market (SFM) might…
Biopharmaceutical major Bristol-Myers Squibb Company (BMY) beat the consensus earnings and revenue estimates in the third quarter. Given its strong product pipeline, strategic acquisitions, discounted valuation, high profitability, strong financials, and attractive dividends, investors could buy the stock now. Read more…. shutterstock.com – StockNews This year has been challenging for the stock market due to…
Holiday sessions like this week have a naturally bullish bias for stocks (SPY). That’s because the joy of Thanksgiving typically leaks over to higher stock prices. The risk is giving this upward movement any significance when the long term trajectory is still decidedly bearish. Let’s do a roll call of recent events that continues to…
Opinions expressed by Entrepreneur contributors are their own. He’s still immensely wealthy, but the Bloomberg Billionaires Index reports Elon Musk‘s wealth dropped by almost $100 billion this year, the steepest drop ever. Nathan Stirk | Getty Images On Monday, Tesla shares hit a two-year low. By Tuesday, the dip had put Musk’s net worth at…
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Opinions expressed by Entrepreneur contributors are their own. Meta CEO Mark Zuckerberg probably isn’t going anywhere. But on Tuesday, his company’s investors thought he was, and Meta‘s stock rose by 1%, reports the New York Post. NurPhoto | Getty Images An outlet called The Leak published a story early Tuesday in which an anonymous source…
Opinions expressed by Entrepreneur contributors are their own. In an appearance on Neal Cavuto’s Fox Business show, Cavuto: Coast to Coast, Butterball CEO Jay Jandrain made it clear that his company isn’t seeing a lot of fallout from higher turkey prices. Maren Caruso | Getty Images Jandrain told Cavuto that his company expects “that everyone…
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The crypto emperor may have had no clothes, but he reportedly had fancy dinners. Bloomberg I Getty ImagesSam Bankman-Fried. Disgraced crypto exchange FTX, run by previous crypto “white knight” Sam Bankman-Fried, filed for bankruptcy earlier this month amid concerns about a bank run on the platform and billion-dollar holes in its balance sheet. He was…
Opinions expressed by Entrepreneur contributors are their own. Thanksgiving is the holiday where we are encouraged to be thankful for the good things in our lives — health, safety, adequate food, clothing and shelter, plus all the material blessings we have. For most people, Thanksgiving is usually more of a personally-focused celebration, including sharing meals…