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Ohsung Kwon, chief equity strategist at Wells Fargo, explains the โpretty negative setupโ he sees for equities as he lowers his year-end target for the S&P 500 to 7,700. (Source: Bloomberg)
On this episode of Stock Movers: - McDonald's (MCD) shares are moving on news the company's earmarking roughly $8.5 billion to help franchisees implement a multiyear plan to serve better food, improve service and make restaurants easier to run. - Cracker Barrel (CBRL) shares are gaining after the restaurant chain provided an adjusted Ebitda forecast for fiscal 2027 that beat the average analyst estimate. - KBHomes (KBH) shares are dropping after the homebuilder lowered the upper end of its housing revenue forecast for the full year. The company also cut its housing gross profit margin for 2026. (Source: Bloomberg)
Fitch kept the Fitch Chile rating at A- with a stable outlook, praising spending cuts, but slashed its 2026 growth forecast from 1.6% to 0.7%. The post Fitch Chile Rating Stays at A- as Growth Forecast Is Cut to 0.7% appeared first on The Rio Times.
The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
A market veteran who predicted benchmark US Treasury yields would hit 5% this year is back with another bearish forecast.