Thursday, August 25, 2022

Auto sector earnings upgraded as headwinds recede; what should you buy?

Auto sector earnings upgraded as headwinds recede; what should you buy? Semiconductor supplies have returned to normal and prices of key raw materials like metals are off 30-40 percent from their recent highs, relieving margin pressure on auto companies.

from Moneycontrol Market Outlook https://ift.tt/zM8Thtd

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...