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Mobile e-commerce company ContextLogic Inc. (WISH) has declined 75.8% in price year-to-date and 85.8% over the past year to close the last trading session at $0.75. The stock is trading 87.6% below the 52-week high of $6.07, which it hit on October 21, 2021. With inflation remaining persistently high and the Fed reiterating its hawkish […]

Persistently high inflation and the Federal Reserve’s way of addressing it through consecutive aggressive interest rate hikes have led to recession fears and sell-offs in the equity market. The S&P 500 is down 22.5% year-to-date and 5.2% over the past month. Despite the economic headwinds, renowned drug maker Johnson & Johnson (JNJ) managed to beat

The COVID-19 pandemic brought the healthcare sector into the spotlight. In recent years, the demand for health insurance has increased worldwide due to the importance of protection against serious diseases. The persistently high inflation could mean rising healthcare expenditures. Although many Americans have comprehensive health insurance coverage through their employers, many still remain uninsured or

The stock market is witnessing wild swings as red-hot inflation, the Fed’s rate hikes, ongoing geo-political instability, and other macroeconomic headwinds have battered the economy. JP Morgan CEO Jamie Dimon expects the economy to hit a recession next year. He also estimates the Fed’s benchmark interest rates to go higher than the 4%-4.5% level as

The OPEC+ group has recently stated that it would reduce its oil production target by two million barrels daily, with actual cuts ranging between 1 to 1.10 million bpd. The group intends to stop oil prices from dropping further with this move. Oil prices have retreated significantly from their summer highs. However, according to Morgan

Stocks have fallen back to the lowest levels in the past year. Investors are torn as to whether this is once again the lows or if stocks may indeed head lower before rebounding. The VIX is nearing recent highs reflecting this uncertainty. But rather than wait and see whether this is a buying opportunity, astute

With the Fed expected to stay committed to its hawkish stance to tame stubborn inflation, the questions regarding recession seem to have shifted from “if” to “when” and “for how long.” In such a scenario, investors are increasingly turning to defensive sectors, such as utilities, which have a reputation for weathering recession better than others

Amid escalating tension between Russia and Ukraine, OPEC+ members recently announced their decision to cut oil production by 2 million barrels /day, citing an uncertain global economic outlook. This move is expected to set oil prices soaring in the near term. “Due to the decision, volatility will likely return to the market, and despite concerns

Cisco Systems, Inc. (CSCO) manufactures and sells Internet Protocol-based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. The company serves businesses of various sizes, governments, public institutions, and service providers. CSCO had a strong end to fiscal

After the horrible 2021, Cathie Wood’s ARK Invest ETFs, including the flagship Ark Innovation Fund (ARKK) and ARK Genomic Revolution ETF (ARKG), have lost significantly this year amid the intense market out. The Federal Reserve’s persistent hawkish stance to tame the multi-decade high inflation and growing recession odds have fostered massive tech sell-off. Moreover, a