A possible risk to markets from a shutdown getting chatter on trading floors

A possible risk to markets from a shutdown getting chatter on trading floors

Markets have largely shrugged off previous government shutdowns, but this time could prove different if it shows U.S. government ineptitude has fallen to a new low. That could cause rating agencies to reexamine the high, but fragile condition of U.S. credit worthiness. On Monday the Labor Department said it’s preparing a contingency plan for what…

Read More
Bank of America downgrades Carvana. Why the stock’s recent dip isn’t a buying opportunity

Bank of America downgrades Carvana. Why the stock’s recent dip isn’t a buying opportunity

Returns for Carvana are likely to moderate following the used-car stock’s dizzying rallies in recent years, largely due to a combination of macroeconomic headwinds, according to Bank of America. The bank downgraded Carvana to neutral from buy, and lowered the stock’s price target to $360 from $400, which still implies nearly 15% upside from Thursday’s…

Read More