Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

Tesla is not alone: 18 (and a half) other big stocks are headed for their worst year on record

In the worst year for stocks since the Great Recession, several big names are headed for their worst year on record with just one trading day left in 2022. The S&P 500 index SPX, +1.75% and Dow Jones Industrial Average DJIA, +1.05% are both headed for their worst year since 2008, with declines of 20.6% … Read more

Disney stock falls to eight-year low, all pandemic gains have been wiped away

Disney stock falls to eight-year low, all pandemic gains have been wiped away

The Walt Disney Co.’s shares closed Wednesday at their lowest price since before the House of Mouse began releasing “Star Wars” films, as a massive 2022 decline wiped away all their pandemic-era gains and a bit more. Disney DIS, -2.55% stock closed 2.6% lower Wednesday at $84.16, the second worst performance of the day for … Read more

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

This asset will crush all others in 2023, says hedge-fund manager who nailed one big call of 2022

As 2022 winds down and investors reflect on a horrendous year, they can take some comfort in the fact that the big guys had their share of misses. Among them is Harris Kupperman, the president of hedge fund Praetorian Capital, who recently blogged about his 2022 calls he nailed — a selloff of big tech … Read more

Tesla stock is the most oversold it has ever been

Tesla stock is the most oversold it has ever been

As Tesla Inc.’s stock keeps sinking toward the longest losing streak in more than four years, it has become the most oversold on a technical basis since going public 12 years ago. Keep in mind that an oversold reading doesn’t necessarily mean the selloff is over, but it does send a warning to sellers that … Read more

U.S. stock futures rise ahead of last trading week of 2022

U.S. stock futures rise ahead of last trading week of 2022

U.S. stock futures rose Monday night, ahead of the final trading week of 2022. Dow Jones Industrial Average futures YM00, +0.51% gained more than 150 points, or 0.5%, as of 11 p.m. Eastern. S&P 500 futures ES00, +0.65% and Nasdaq-100 futures NQ00, +0.80% were also logging solid gains, indicating positive market moves when regular trading … Read more

How a Santa Claus rally, or lack thereof, sets the stage for the stock market in first quarter

How a Santa Claus rally, or lack thereof, sets the stage for the stock market in first quarter

It’s the time of the year when the traditional seasonal lift for U.S. stocks known as the “Santa Claus rally” usually takes place. But unlike past holiday seasons, this one may get bogged down by the risks of a recession and continued rise in interest rates during the new year. The Santa Claus rally refers … Read more

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

Dow falls nearly 500 points after strong data, bearish comments by David Tepper

U.S. stocks traded lower on Thursday, erasing most of their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks will continue tightening … Read more

The stock market is tumbling because investors fear recession more than inflation

The stock market is tumbling because investors fear recession more than inflation

A stock-market paradox, in which bad news about the economy is seen as good news for equities, may have run its course. If so, investors should expect bad news to be bad news for stocks heading into the new year — and there may be plenty of it. But first, why would good news be … Read more

Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO

Tesla stock suffers worst week since 2020 as Elon Musk sells, large shareholder asks for new CEO

Tesla Inc. shares Friday wrapped up their worst week since 2020, as Chief Executive Elon Musk sold billions in stock and faced a call from a prominent investor to step down from the helm of the electric-vehicle maker. Tesla TSLA, -4.72% stock fell 4.7% Friday for a weekly decline of 16.1%, the fourth-worst week in … Read more

November jobs report is most important data for inflation this year- and not in a good way

November jobs report is most important data for inflation this year- and not in a good way

The November U.S. jobs report on Friday showed the U.S. economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Journal had expected an addition of 200,000 jobs. Wages jumped 0.6% in November, double the expected pace. Below are some initial reactions from economists and … Read more