Market pros are feeling so happy about stocks right now, you have to wonder if they’re too bullish

There’s an old saw about how if you lay all the world’s economists end to end, they still won’t point in any one direction or reach a conclusion. There’s no such adage about market technicians, but in the past six weeks it appears that the diehard group of technical analysts have all reached the same … Read more

Risk-tolerance surveys often miss what financial advisers really need to know about you

In the early days of financial planning, advisers would assess a client’s attitude about risk. It was largely a subjective judgment. Nevertheless, their conclusion (or hunch) would guide their portfolio management decisions on behalf of that client. In addition to probing to determine a client’s tolerance for risk, advisers might consider one’s age, gender and … Read more

Stocks are at Wall Street’s year-end target. It’s only early February.

Just like last year, Wall Street strategists look pretty wrong about their expectations for stock-market performance in 2023. But this time around, they’re in the unusual position of having been too pessimistic. Back in December, MarketWatch collected year-end price targets for the S&P 500 from 18 investment banks and brokerage houses. Instead of following the … Read more

A record number of U.S. renters spent more than 30% of their income on rent in 2021 and mortgage rates fall to lowest level since mid-September. Freddie Mac says 3 million more people now qualify for a home loan.

Hi, MarketWatchers. Don’t miss these top stories. Death and deceit in Malibu: How yogi couple befriended and stole millions from vulnerable rich doctor Anton David and Anna Moore are accused of pretending to be caretakers for Dr. Mark Sawusch while really having an eye on his $60 million fortune. Read More ‘We are not visible, … Read more

Amazon stock falls as least profitable holiday quarter since 2014 leads to its worst annual loss on record

Amazon.com Inc. reported its least profitable holiday quarter since 2014 on Thursday, leading to the biggest annual loss on record for the e-commerce giant, which also disappointed Wall Street with its forecast amid concerns about cloud growth. Amazon AMZN, +7.38% reported a holiday profit of $278 million, or 3 cents a share, down from $1.39 … Read more

Google suffered ‘pullback’ in ad spending over holidays, Alphabet stock falls after earnings

Alphabet Inc.’s stock slipped nearly 5% in extended trading Thursday after the tech giant missed slightly on revenue and earnings in ho-hum quarterly results. Google’s parent company reported fiscal fourth-quarter total revenue of $76.05 billion, up from $75.3 billion a year ago. Earnings were $13.62 billion, or $1.05 per share, compared with $20.64 billion, or … Read more

Starbucks stock falls as results — weighed down by China sales — miss estimates

Starbucks Corp.’s first-quarter results failed to meet Wall Street estimates because of weakness in China, and the company’s stock fell sharply in extended trading Thursday. Starbucks SBUX, -0.76% shares dropped more than 3.5% after hours, after falling less than 1% in the regular session to close at $109.15.  The company said that while global same-store … Read more

‘Crypto is not dead’: Industry insiders react to report that states 72% of institutional traders have no plans to trade crypto in 2023

JPMorgan Chase & Co. on Wednesday published a survey stating 72% of institutional traders, out of the 835 surveyed, “have no plans to trade crypto” in 2023. But some industry experts say that this doesn’t mean crypto is dead. The survey was conducted between Jan. 3 and Jan. 23, and included responses from 60 global … Read more

Apple earnings fall short on underwhelming sales of iPhones and Macs

Production issues in China seemed to impact Apple far more than expected in the holiday quarter, as the consumer-electronics giant delivered a miss for its iPhone category after the close of Thursday trading. Apple’s iPhone revenue fell to $65.8 billion in the fiscal first quarter from $71.6 billion a year before, whereas analysts tracked by … Read more

Ahead of Apple earnings, did wireless companies send a troubling signal?

Apple Inc. is due to report results after Thursday’s closing bell, but a pair of analysts saw something that was “not a good data point” in other earnings out so far. LightShed Partners analysts Walter Piecyk and Joe Galone highlighted that wireless operators showed off low upgrade rates in their fourth-quarter reports, and they “do … Read more