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As investors turn the page on a rough August, CNBC Pro found stocks that are set for comeback if the market regains its footing. Investors are in the last week of what has been a difficult month for stocks. CNBC Pro surfaced some stocks that could be due for a comeback. A slew of travel and entertainment names surfaced on the list. Expedia Group , MGM Resorts International and Wynn Resorts were other travel stocks that surfaced on the list.
Persons: David Sneddon, It's, Vivek Arya, Ralph Lauren, Jay Sole, — CNBC's Michael Bloom Organizations: CNBC Pro, Nasdaq, Investors, Wall Street, American Airlines Group, Caesars Entertainment, Cruise Line Holdings, Cruise, Expedia, MGM Resorts International, Wynn Resorts, Technology, Bank of America, UBS Locations: Beta
The so-called January Barometer starts 2023 positive with the S & P 500 up 4.6% to start the final trading day of the month. As for the S & P 500 , bulls want to keep the momentum going. To maintain that, the S & P has to stay well above the 4,000 range. Several companies (UPS, Exxon Mobil, Whirlpool) reported revenues that were lower than expectations. 2023 S & P earnings estimates: (year over year) Q1: down 1.7% Q2: down 2.2% Q3: up 3.8% Q4: up 10.1% Source: Refinitiv Want a good example?
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrent crude oil will probably drop to $77.50 a barrel, Credit Suisse analyst saysDavid Sneddon of Credit Suisse says "the overall path of oil is lower."
The stock market's rally looks like it is running out of gas, according to Credit Suisse. "The S & P 500 has extended its recovery back above its 200-week average and we look for strength to our corrective target zone 3900/4000. The S & P 500 closed at 3,856.10 on Tuesday. Wall Street is coming off a strong October, in which the S & P 500 gained 7.99%. Credit Suisse has a three-month forecast for the S & P 500 of 3,500, and a 12-month forecast of 3,650.
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