A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be high enough to win the fight against inflation. In a presentation made on Thursday in Louisville, Ky., St. Louis Fed … Read more
gremlin The broader market could enjoy a near-term bounce, but looking longer term there will be almost no return for stocks, according to Stifel’s equity trading desk. From “the Jan-2021 S&P 500 (SP500) (NYSEARCA:SPY) high (4,800 nominal, 5,100 real) we see the P/E ratio halved the 10 years 2021 to 2031E offset by EPS doubling … Read more
Kevork Djansezian/Getty Images News Ubisoft Entertainment (OTCPK:UBSFY) fell 6% in U.S. trading Thursday (and dropped 7% in Paris trading) alongside a downgrade at Stifel to Hold, from a previous Buy. That’s due to a combination of factors, analyst Drew Crum points out, including “what we view as overly ambitious FY2023 guidance, execution risk around the … Read more
jiefeng jiang Semiconductor equipment suppliers are likely to keep benefiting from the industry’s growth over the long-term, even if there is some bumpiness in immediate months ahead, according to investment firm Stifel. The firm, which started coverage on several semiconductor companies this week, noted that those in areas like field programmable gate array [FPGA] devices … Read more