
Barclays Reaffirms Their Hold Rating on SKF AB (0NWX)
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According to TipRanks, Lee, CFA is a 2-star analyst with an average return of 0.5% and a 44.74% success rate. Lee, CFA covers the Industrials sector, focusing on stocks such as Jungheinrich, KION GROUP AG, and SKF AB.
Currently, the analyst consensus on SKF AB is a Moderate Buy with an average price target of SEK220.00.
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Fundstrat's Tom Lee: Owning Bitcoin Is Like Owning Land Under A McDonald's
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Stock Market Today: Algorithms Are Not Efficient
I began my career not in journalism but on the New York Stock Exchange. Technically, I wasn't on the floor, but I worked 16 stories above it, trading through a network of brokers who were on the floor. I was there in trading activity, if not in body. It probably shows in my writing. Back in those days some 1,300 traders plus support staff made up the crowds where stocks were traded and prices were discovered. It was a loud and active place, where price efficiency ruled. Today, the NYSE floor is an empty place. Market makers still work there, but price discovery happens largely through computers. This is what the floor looks like today: Jason Meshnick In today's Market Recon piece over on TheStreet Pro, Stephen "Sarge" Guilfoyle discusses the trading action from Friday and Monday, and tells us that both Friday and Monday were overshoots from where the market should have traded. He says: "On Monday, U.S. equity markets absolutely roared back from a harsh selloff on Friday. On Friday, the algorithms that run price discovery in 2025 sold stocks en masse because of a recessionary looking labor report that was really three consecutive recessionary-looking labor reports at once. On Monday, those same algorithms bought the market hand over fist because now the Fed will likely have to cut short-term interest rates in six weeks." He goes on to say that this game of "Chutes and Ladders" is occurring because we've removed humans from the art of price discovery and replaced them with algorithms. While the market is much cheaper to run (spreads are down), markets are less efficient. In other words, day-to-day volatility might be lower, but reaction to news is much harsher. I couldn't agree more. Sarge also tells us that Wall Street strategists have turned bearish. They see a lethal combination of softening economic data and sky-high valuations. Perhaps "lethal" is a strong word. More accurately, they see a dip on the horizon that they feel will be worth buying. But the reason why I'm quoting Sarge so much today is that he more succinctly than anybody has listed the four reasons that valuations are high and deserve to be. Lower taxesLess regulationExpected lower interest ratesIncreased productivity (on a per-employee basis) driven by artificial intelligence. It all comes down to potential corporate growth and reduced expenses. Demand for workers probably will drop, however, which could be a net negative for economic growth. How is the stock market looking this morning? Slightly up. S&P 500 futures are higher by 0.12%, while Nasdaq futures are up 0.27%. ThinkOrSwim It's still earnings season and several major companies have reported this morning. TipRanks After market close, we await reports from AMD, Super Micro Computer, and others, including EV makers Rivian and Lucid. TipRanks Check back throughout the day! The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
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