These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

5 things we’ve learned from earnings season so far: How big an impact is inflation having?

More than 80% of the S&P 500 index’s companies have reported second-quarter results so far, and at least five key takeaways have emerged — including that Wall Street was far more worried about the coming earnings season than it needed to be. That doesn’t mean investors were wrong; the numbers and management commentary have confirmed … Read more

In a busy morning 3M announces healthcare spin off, mixed earnings and subsidiary’s voluntary bankruptcy

3M Co. was busy before market open Tuesday, announcing the planned spinoff of its healthcare business, second-quarter results, and the voluntary bankruptcy of the company’s Aearo Technologies subsidiary. Buoyed by the flurry of announcements, shares of 3M Co. mmm, +6.77% shot up as much as 8.6% to an intraday high of $145.70 moments after the … Read more

Here’s a trade to outperform the market during periods of high inflation

It isn’t just Wall Street that is concerned about stagflation, the dreaded combination of sharply rising prices alongside a slowing economy. The chart below shows worldwide searches on Google for “inflation” (the line in blue) and “recession” (red). Given that worries about both inflation and economic contraction can become self-fulfilling, the surge in interest over … Read more