• Stocks are nowhere near dot-com bubble levels and earnings justify current valuations, Deutsche Bank's US stock chief says

    7 days ago - By Business Insider

    Traders work on the main trading floor of the New York Stock Exchange March 21, 2007.
    Brendan McDermid/Reuters
    Stock valuations are not near dot-com bubble era levels, said Deutsche Bank's chief US equity strategist.
    In a Tuesday webinar Binky Chadha said valuations are supported by strong earnings.
    He also reiterated his view that the S&P 500 is due for a 10% pullback as economic growth peaks.
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    Stock valuations today are nowhere near levels seen in the late 1990s dot-com era, said Deutsche Bank's Binky Chadha.
    In a...
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  • US stocks drop as the economic reopening trade takes a hit

    7 days ago - By Business Insider

    Ramin Talaie/Corbis/Getty Images
    US stocks dropped at the open Tuesday as the economic re-opening trade lost steam. Airline stocks fell.
    Pfizer beat earnings expectations and upped its forecast for how many billions in sales the vaccine will bring in 2021.
    Ether continued to rally to new highs.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    US stocks dropped Tuesday as investors grew wary over the reopening trade that has continued to support the market's upward moves. Shares of re-opening darlings Delta Airlines , American Airlines , Royal Caribbean , and...
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