Markets

The S&P 500 will climb 13% in 2021 — and these 3 sectors will see the biggest boost from a Democrat-controlled Congress, a global stock strategist says

Congressional Democrats will “go fast, go big” with a range of policy initiatives that could benefit materials, industrials, and financials, according to a team of Jefferies equity strategists led by Sean Darby. Meanwhile, the S&P 500 could gain 13% to 4,200 by the end of 2021 as President-elect Biden’s centrist […]
The S&P 500 will climb 13% in 2021 — and these 3 sectors will see the biggest boost from a Democrat-controlled Congress, a global stock strategist says
Markets

Investors should capitalise on the best stock-picking conditions in ‘quite some time’ and buy on any election-related weakness, says an adviser at the world’s largest wealth manager

Investors should capitalise on the best stock-picking conditions in “quite some time” and buy on any election-related weakness, according to UBS’s Frank Panayotou. The financial adviser said on Monday that stocks in healthcare, industrials, consumer discretionary, and global markets look attractive to him right now. Markets will continue to be […]
Investors should capitalise on the best stock-picking conditions in ‘quite some time’ and buy on any election-related weakness, says an adviser at the world’s largest wealth manager
Markets

Caterpillar misses big on earnings and guidance

Caterpillar reported fourth-quarter earnings Monday that missed Wall Street expectations. Shares fell nearly 6% early Monday. Watch Caterpillar trade here. Caterpillar reported fourth-quarter earnings Monday morning that missed Wall Street expectations, sending shares down nearly 6% ahead of the opening bell. The industrial giant reported adjusted earnings per share of […]
Caterpillar misses big on earnings and guidance