Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday. Don’t be fooled by the bear market rally Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says […]Read More

Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday. Don’t be fooled by the bear market rally Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says […]Read More

Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday. Don’t be fooled by the bear market rally Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says […]Read More

Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday. Don’t be fooled by the bear market rally Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says […]Read More

Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday. Don’t be fooled by the bear market rally Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says […]Read More

Morgan Stanley: SPX could return to its pre-pandemic 3,400 level

The S&P 500 index could return to its pre-pandemic 3,400 level in the coming months that translates to another 15% downside from here, warned a Morgan Stanley analyst on Monday. Don’t be fooled by the bear market rally Michael Wilson dubs the recent bounce (about 4.0%) in U.S. equities a “bear market rally” and says […]Read More

Take-Two Interactive Q4 results: ‘we remain incredibly well-positioned’

Take-Two Interactive Software Inc (NASDAQ: TTWO) reported lower-than-expected sales for its fiscal Q4 on Monday. Shares are still up 3.0% after-hours despite weak guidance. Key takeaways from Take-Two Interactive Q4 results Net income printed at $111 million versus the year-ago figure of $218.8 million. Per-share earnings of 95 cents were much lower than last year’s […]Read More

Take-Two Interactive Q4 results: ‘we remain incredibly well-positioned’

Take-Two Interactive Software Inc (NASDAQ: TTWO) reported lower-than-expected sales for its fiscal Q4 on Monday. Shares are still up 3.0% after-hours despite weak guidance. Key takeaways from Take-Two Interactive Q4 results Net income printed at $111 million versus the year-ago figure of $218.8 million. Per-share earnings of 95 cents were much lower than last year’s […]Read More

Stocks mixed, Bitcoin fluctuates above $30k- Market update

Wall Street closed mixed on Monday as negative sentiment remained largely dominant in the stock market. The Dow Jones Industrial Average closed just 26.76, or +0.08% higher at 32,223.42, while the S&P 500 seesawed before closing 0.4% lower at 4,008.01. The Nasdaq Composite, weighed down by declines in several mega-cap tech stocks, fell 1.2% to […]Read More

Wix is escaping the oversold region but how far can

Wix.com Ltd. (NASDAQ:WIX) lost 8% on Monday after Q1 2022 loss widened to $227.3 million. The loss is wider compared to $62.1 million in the prior year. The company also continues to face headwinds from the Ukrainian war. The uncertainty clouds outlook for a long-term recovery of the stock. The stock is down 55% year-to-date. […]Read More