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☆ Holiday shoppers aren’t in a rush. What that means for retail stocks
▼ + stars: | 2022-11-20 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +9 min

If you're a retailer, and it's the holiday season, the thing you most want consumers to feel is a sense of urgency. Unlike last year, holiday shoppers don't need to fear empty shelves at the store. Walmart said it saw more shoppers with incomes above $100,000 ring up items in its stores, drawn in by less expensive groceries. He suggests investors position themselves in discounters like Walmart or Family Dollar or in luxury stocks like RH or Lululemon . She explained that many shoppers perceive Target as a place where "you go in for two items and come out $150 later."

☆ Watch CNBC's full interview with Jake Dollarhide and Paul Meeks on their bull-or-bear case for Meta
▼ + stars: | 2022-10-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Jake Dollarhide and Paul Meeks on their bull-or-bear case for MetaJake Dollarhide, CEO of Longbow Asset Management, and Paul Meeks, portfolio manager at Independent Solutions Wealth Management, weigh in on whether investors should buy or avoid Meta.

☆ Is Meta a stock to buy or dodge? Two tech investors face off
▼ + stars: | 2022-10-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

These are tumultuous times for Meta , with investors fleeing the stock and the metaverse having its fair share of struggles and other economic headwinds. The stock in late September plunged to trade at its lowest since January 2019 — and has since dropped even more. Users are jumping ship and advertisers are reducing their spending, leaving Meta poised to report its second straight drop in quarterly revenue. Meta also lost $2.81 billion on $452 million in revenue from its virtual reality division during the quarter ending in June — as it spent heavily to develop virtual reality and augmented reality products. Two tech investors faced off on CNBC's " Street Signs Asia " on Wednesday to make a case for and against buying the stock.

☆ Nasdaq registers lowest close since July 2020; chips stocks fall
▼ + stars: | 2022-10-10 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

People are worried about a possible recession," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. Analyst now expect year-over-year earnings for S&P 500 companies to have risen 4.1% in the quarter, compared with an increase of 11.1% expected at the beginning of July, according to IBES data from Refinitiv. S&P 500 technology (.SPLRCT) led sector declines along with energy (.SPNY). Declining issues outnumbered advancing ones on the NYSE by a 2.43-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored decliners. The S&P 500 posted 1 new 52-week highs and 73 new lows; the Nasdaq Composite recorded 58 new highs and 461 new lows.

☆ Wall Street falls with tech shares, investors assess rate outlook
▼ + stars: | 2022-10-10 | by ( Caroline Valetkevitch | ) www.reuters.com time to read: +3 min

read moreRegister now for FREE unlimited access to Reuters.com Register"People are worried about the economy. People are worried about a possible recession," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. The U.S. third-quarter earnings season is set to kick off on Friday, with results from some of the major banks. The Dow Jones Industrial Average (.DJI) fell 41.55 points, or 0.14%, to 29,255.24, the S&P 500 (.SPX) lost 23.05 points, or 0.63%, to 3,616.61 and the Nasdaq Composite (.IXIC) dropped 95.65 points, or 0.9%, to 10,556.75. Investors also awaited inflation reports through the week, including consumer prices data, which is expected to have likely risen last month.

☆ Wall Street ends lower, Dow confirms bear market
▼ + stars: | 2022-09-26 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average (.DJI) confirmed it has been in a bear market since early January. With the Fed signaling last Wednesday that high interest rates could last through 2023, the S&P 500 has relinquished the last of its gains made in a summer rally. According to a widely used definition, ending the session down 20% or more from its record high close confirms the Dow has been in a bear market since hitting its January peak. In Monday's session, the Dow Jones Industrial Average (.DJI) fell 1.11% to end at 29,260.81 points, while the S&P 500 (.SPX) lost 1.03% to 3,655.04. The S&P 500 posted no new 52-week highs and 120 new lows; the Nasdaq Composite recorded 16 new highs and 594 new lows.

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