Morgan Stanley downgrades logistics stock XPO
Morgan Stanley Downgrades Stocks XPOs Quoting a disappointing Q4 report, we’re going to even out the weight from being overweight.
Morgan Stanley said in a note on Monday that “stocks have been on the cusp of ‘some time’ as the fourth quarter results were weaker than expected and the market seeks more evidence on execution and traction on the LT target. I think it’s possible that he might end up in the penalty box.
— Sara Min
Stocks hit record high in first quarter, according to JP Morgan
The S&P 500 is up 14.4% after closing at 3,577 on October 12, and the stock has been performing well since October.
“In the big picture, we were hoping that the rally in equities that started last October was driven by bond yield/CPI peaks, China reopening, and European gas price declines, but here are some basic confirmations: I think it’s unlikely we’ll get a leg up as the year progresses,” equity strategist Mislav Matejka wrote in a report Monday. “In our view, the first quarter is likely to mark the high point of the market.”
Matejka also said he prefers international stocks to U.S. stocks.
Inventory after October
“I don’t think the US will be a good place to hide this time as technology moves from secular to cyclical,” he said. “Despite our view that bond yields will peak in October and our advice to unwind shorts in tech stocks, the sector is unlikely to become a sustainable leader and remains “We’re not far from all-time highs,” he said.
“This is not a great starting point, and in contrast to the last decade, we do not believe technology will be immune from the potential revenue disappointment of an economic downturn.”
— Fred Imbert, Michael Bloom
Investors eye this week’s latest CPI data
Investors will look to Tuesday’s CPI data and retail sales for the latest indicators on inflation.
Economists surveyed by Dow Jones expect the headline CPI to rise 0.4% on a month-to-month basis, up 6.2% from a year earlier.
Traders monitor CPI readings for a better understanding of how the Federal Reserve will proceed with monetary policy in the fight against inflation.
— Kim Ha Kyung
position of the main mean
All major averages are losing weeks.
The S&P and Nasdaq fell 1.11% and 2.41% respectively, posting their biggest weekly losses since December. The Dow closed down 0.17% despite gaining on Friday.
The Dow rose 2.18%, marking its smallest year-to-date gain. Meanwhile, the S&P is at a record high he is at 6.54% and the Nasdaq he is at 12.82%.
— Kim Ha Kyung
Dow and S&P 500 futures open flat on Sunday
The S&P 500 futures opened at 4,097.50 after the benchmark index closed at 4,136.48 on Friday. Futures tied to the Dow Jones Industrial Average opened at 33,897 on Sunday night after the index ended Friday’s session at 33,869.27.
Nasdaq 100 futures were trading at 12,334. The Nasdaq Composite ended Friday’s session at 11,718.12.
— Kim Ha Kyung
