Tech suppliers could soon be feeling the ripple effects of a slower-growing Apple (AAPL).
On Thursday, Bank of America analyst Wamsi Mohan cut his rating on Apple stock to Neutral from Buy, citing a potential reset of Street profit forecasts due to less than brisk uptake of pricey new iPhone 14s. The call came after reports surfaced earlier in the week that the tech giant would slow iPhone production amid softer-than-expected demand.
“We expect material negative estimate revisions driven by weaker consumer demand (Services already in slowdown and we expect products to follow),” Mohan warned.
That downgrade prompted Mohan’s colleague…
www.finance.yahoo.com
Are Finance Stocks Lagging Banco De Chile (BCH) This Year?
The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Banco De Chile (BCH) been one of those stocks this year? A quick glance at the company’s year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Banco De Chile is one of 883 companies in the Finance group. The Finance group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector…
Crypto ‘may have hit the ultimate bottom months ago,’ analyst says
2022 hasn’t been kind to crypto buyers, but the major swoon earlier this year has a silver lining that might prove to benefit other risk investors.
Following a widespread sell off in Q1, according to Coinmarketcap, crypto’s total market capitalization dropped by more than half (-56%) in the second quarter. However, since July, crypto’s total market capitalization is up 7%.
“We may have hit the ultimate bottom months ago because of cascading liquidations,” Thomas Dunleavy, senior market analyst with Messari, told Yahoo Finance. “The market is down to only the true believers at this point. Most of the sellers seemed…
Beyond inflation and high rates: Three financial threats facing young adults, homeowners and retirees
The No. 1 risk in personal finance for the next year is that high inflation and rising interest rates give way to a recession.
Things really get interesting after that. The accelerated pace of change lately suggests we will not have a period of financial calm where there is an opportunity to reflect and regroup. Other threats to your financial well-being are out there and likely to become more concerning. Let’s look at three of them:
The health care system
Our health care system too often cannot provide timely care. We will not get this fixed without it costing us…
Corrigendum (credit rating AA+) – Alvaro Lario, global finance executive, takes helm at UN’s International Fund for Agricultural Development
ROME, Oct. 1, 2022 /PRNewswire/ — Development finance leader Alvaro Lario takes the helmet of the UN’s International Fund for Agricultural Development on Saturday with an urgent mission to battle poverty and hunger among the world’s rural poor as they face existential threats of climate change and food insecurity.Alvaro Larioglobal finance executive, takes helm at UN’s International Fund for Agricultural Development
Lario, a Spanish national who has served as IFAD’s chief financial officer since 2018, has led efforts to harness private sector investment to boost the resilience of millions of small-scale farmers and rural communities who are among those…
Fed again hikes interest rates by 75 basis points in aggressive bid to fight inflation
The US Federal Reserve raised interest rates by 0.75% for the third consecutive time as the central bank continues to try to tame multi-decade highs in inflation.
Three 75-basis-point rate hikes in a row is unprecedented since the Fed explicitly started targeting the federal funds rate to conduct monetary policy in the late 1980s.
The rate hike brings the central bank’s benchmark interest rate, the federal funds rate, to a new range of 3.0% to 3.25% — its highest level since 2008 — from a current range between 2.25% and 2.5%.
Stocks turned negative following the announcement before bouncing back…
Dietitian Questions Healthfulness of the Mediterranean Diet
September 3, 2022 · 7:27 AMPhoto by Pixabay on Pexels.com
Shana Spence, RD, wrote at Self.com:The Mediterranean diet is constantly lauded in the nutrition world—in fact, US News has named it the “best diet overall” for five years straight—but as a registered dietitian, I think it’s time to think about it a little differently: It’s time to dethrone the Mediterranean diet as being the very best way to eat.Now, the Mediterranean diet—which emphasizes whole grains and plant foods such as fruits, vegetables, legumes, tree nuts, seeds, and olives, and limits red meat, sugar, and saturated fat—is not…
Management Options for Knee Osteoarthritis
May 25, 2023 · 2:22 AMPhoto credit: Steven Paul Parker II
Dr. Howard J. Luks is an orthopedist who published a reasonable and fairly comprehensive article on knee osteoarthritis management. Thankfully, knee replacement surgery is the last resort for this surgeon. He discusses exercise, tai chi, diet, yoga, knee injections, NSAIDs, ice, heat, etc.Osteoarthritis of the knee is a prevalent health issue. Despite a diagnosis of arthritis of the knee, the majority of you can live an active, happy life. But you’ve heard awful phrases used to describe your Xrays– phrases like Bone on Bone, bone spurs, degeneration,…