Author: Fiona Craig

A softer-than-expected U.S. jobs report and declining bond yields are creating conditions for a shift from megacap growth stocks to smaller-cap equities, according to Raymond James. The firm pointed out that “10-year yields [were] down a whopping 15 bp on a very weak jobs print in August and a revision to June jobs that took…

Although the global gold industry’s market capitalization has recently surged, it remains below previous highs when compared with the broader equity market and key valuation benchmarks, according to BofA Securities analysts. Data from the S&P/TSX Global Gold Index indicate that the sector’s total market value now slightly exceeds $550 billion. This is nearly double the…

Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, said that last week’s soft payroll figures reinforce his view that the U.S. economy is transitioning from a “rolling recession” toward a “rolling recovery.” “We’re not of the view that a rapid/acute rise in the unemployment rate and/or significantly negative payroll numbers are coming unless we were…

BofA Securities believes that expected interest rate reductions by the Federal Reserve will pave the way for central banks in Latin America’s largest economies to loosen monetary policy in the coming quarters. According to BofA’s U.S. economics team, the Fed is projected to lower rates by a cumulative 125 basis points by the end of…

Despite clear evidence of cooling in the U.S. labor market and broader economy, analysts at BCA Research believe the environment could remain favorable for equities. “The economy is slowing, but not collapsing, and monetary easing is imminent — a backdrop that will benefit equities,” the team noted in a recent report to clients. On Monday,…

Analysts at Capital Economics highlighted this week that even after years of strong gains and record highs, the S&P 500 still has room to grow, with artificial intelligence, Federal Reserve policy, and broader economic trends shaping the index’s trajectory. “It can be tempting to think the risks will be skewed to the downside,” the firm…

RBC Capital analysts warned that the softer-than-expected U.S. jobs report last Friday has added fresh uncertainty to the stock market, adding to existing concerns over high valuations and seasonal patterns. “Friday’s jobs report may inject some fresh uncertainty about the labor market backdrop into a U.S. equity market that’s been priced for perfection,” the firm…

Recent revisions to U.S. employment figures released earlier this week point to weaker job creation than previously thought, according to Bank of America analysts. The Bureau of Labor Statistics now estimates that employment for the 12 months through March was overstated by about 911,000 jobs, a substantial downward adjustment that implies the labor market slowdown…

Tempus AI, Inc. (NASDAQ:TEM) saw its stock climb 16% Thursday morning after the company announced it had secured 510(k) clearance from the U.S. Food and Drug Administration for the enhanced Tempus Pixel cardiac imaging platform. The approval allows the AI-powered system to produce T1 and T2 inline maps for cardiac MRI analysis. These specialized maps…

Opendoor Technologies Inc. (NASDAQ:OPEN) announced Wednesday that Kaz Nejatian, currently Chief Operating Officer at Shopify Inc. (TSX:SHOP), will take the helm as CEO, while co-founder Keith Rabois returns to the company as chairman. Following the announcement, Opendoor shares jumped 49% to $8.72 in early trading Thursday, marking a significant rebound from the $0.50 per share…