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Business Recorder
12-05-2025
- Business
- Business Recorder
Wall Street Week Ahead: US stock market leadership eyed with crucial economic data on tap
NEW YORK: Investors head into a busy week for economic data watching if leadership in the US stock market could be moving away from defensive equity areas that indicates greater appetite for risk. While the benchmark S&P 500 index is down 3.7% in 2025, with stocks jolted by concerns about economic damage from President Donald Trump's tariffs, the consumer staples and utilities sectors, typically seen as more safe-haven areas of the market, are up this year 5% and 5.6%, respectively. Investors often seek shelter in those groups because their businesses are considered relatively immune to economic slowdowns while the stocks tend to offer strong dividends. 'If the market is in a risk-off mode, those sectors will continue to lead,' said Chuck Carlson, chief executive officer at Horizon Investment Services. More recently, however, as the US market has rebounded from its lows over the past month, groups like technology, industrials and consumer discretionary that are more associated with upbeat economic sentiment, or 'risk on' investor behavior, have been outperforming. Leadership moving from defensive sectors to those areas or groups tied to the economy such as financials or energy could be 'a sign perhaps that investors are regaining some animal spirits with regard to the prospects for the economy,' said Mark Luschini, chief investment strategist at Janney Montgomery Scott. 'That would be a tell of less caution being insinuated by investors,' Luschini said. While data so far this year has indicated resilience in the economy, sentiment surveys and other 'soft data' have been weak. 'What all macro investors are grappling with is, is this just a sentiment slowdown that's being reflected in a defensive tilt within equities, or is this something more fundamental?' said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments. Economic data in the coming week provides a critical view. Tuesday's April consumer price index will give a fresh read on inflation trends, while April retail sales on Thursday offers the latest window into consumer spending. While economic fallout from the tariffs remains unclear, concerns abound that the import levies are poised to drive up prices and slow growth. If CPI is hotter than expected and retail sales miss estimates, it could raise concerns about 'stagflation,' Miskin said - a mix of sluggish growth and relentless inflation that could pressure stocks. Some investors said the Federal Reserve appeared to nod to such worries at its meeting this week. The central bank held interest rates steady and said the risks of both higher inflation and unemployment had risen. Aside from data, the coming week will see more US companies posting quarterly results, including retailing giant Walmart, whose report stands to offer insight into consumer behavior and the cost of imported goods. Stocks gained on Thursday after Trump and British Prime Minister Keir Starmer announced a trade agreement, the first since Trump triggered a global trade war with a barrage of levies on trading partners. Investors will continue to be fixated on the Trump administration's negotiations with other countries in hopes of more agreements after the president last month paused many of the heftiest tariffs for 90 days. 'Talks are starting to take place globally, and there is increased optimism that deals can be made before' the pause expires, CFRA strategists said in a note on Wednesday.
Express Tribune
11-05-2025
- Business
- Express Tribune
Investors eye shift from defensive stocks
Listen to article Investors head into a busy week for economic data watching if leadership in the US stock market could be moving away from defensive equity areas that indicates greater appetite for risk. While the benchmark S&P 500 index is down 3.7% in 2025, with stocks jolted by concerns about economic damage from President Donald Trump's tariffs, the consumer staples and utilities' sectors, typically seen as more safe-haven areas of the market, are up this year 5% and 5.6%, respectively. Investors often seek shelter in those groups because their businesses are considered relatively immune to economic slowdowns while the stocks tend to offer strong dividends. "If the market is in a risk-off mode, those sectors will continue to lead," said Chuck Carlson, CEO at Horizon Investment Services. More recently, however, as the US market has rebounded from its lows over the past month, groups like technology, industrials and consumer discretionary that are more associated with upbeat economic sentiment, or "risk on" investor behaviour, have been outperforming. Leadership moving from defensive sectors to those areas or groups tied to the economy such as financials or energy could be "a sign perhaps that investors are regaining some animal spirits with regard to the prospects for the economy," said Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott. "That would be a tell of less caution being insinuated by investors," Luschini said. While data so far this year has indicated resilience in the economy, sentiment surveys and other "soft data" have been weak.
Time of India
10-05-2025
- Business
- Time of India
Wall Street Week Ahead: US market leadership faces test as economic data takes centre stage
Investors head into a busy week for economic data watching if leadership in the U.S. stock market could be moving away from defensive equity areas that indicates greater appetite for risk. While the benchmark S&P 500 index is down 3.7% in 2025, with stocks jolted by concerns about economic damage from President Donald Trump's tariffs, the consumer staples and utilities sectors, typically seen as more safe-haven areas of the market, are up this year 5% and 5.6%, respectively. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thousands Are Saving Money Using This Wall Plug elecTrick - Save upto 80% on Power Bill Click Here Undo Investors often seek shelter in those groups because their businesses are considered relatively immune to economic slowdowns while the stocks tend to offer strong dividends. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. "If the market is in a risk-off mode, those sectors will continue to lead," said Chuck Carlson, chief executive officer at Horizon Investment Services . More recently, however, as the U.S. market has rebounded from its lows over the past month, groups like technology, industrials and consumer discretionary that are more associated with upbeat economic sentiment, or "risk on" investor behavior, have been outperforming. Live Events Leadership moving from defensive sectors to those areas or groups tied to the economy such as financials or energy could be "a sign perhaps that investors are regaining some animal spirits with regard to the prospects for the economy," said Mark Luschini, chief investment strategist at Janney Montgomery Scott. "That would be a tell of less caution being insinuated by investors," Luschini said. While data so far this year has indicated resilience in the economy, sentiment surveys and other "soft data" have been weak. "What all macro investors are grappling with is, is this just a sentiment slowdown that's being reflected in a defensive tilt within equities, or is this something more fundamental?" said Matthew Miskin, co-chief investment strategist at Manulife John Hancock Investments. Economic data in the coming week provides a critical view. Tuesday's April consumer price index will give a fresh read on inflation trends, while April retail sales on Thursday offers the latest window into consumer spending. While economic fallout from the tariffs remains unclear, concerns abound that the import levies are poised to drive up prices and slow growth. If CPI is hotter than expected and retail sales miss estimates, it could raise concerns about " stagflation ," Miskin said - a mix of sluggish growth and relentless inflation that could pressure stocks. Some investors said the Federal Reserve appeared to nod to such worries at its meeting this week. The central bank held interest rates steady and said the risks of both higher inflation and unemployment had risen. Aside from data, the coming week will see more U.S. companies posting quarterly results, including retailing giant Walmart, whose report stands to offer insight into consumer behavior and the cost of imported goods. Stocks gained on Thursday after Trump and British Prime Minister Keir Starmer announced a trade agreement, the first since Trump triggered a global trade war with a barrage of levies on trading partners. Investors will continue to be fixated on the Trump administration's negotiations with other countries in hopes of more agreements after the president last month paused many of the heftiest tariffs for 90 days. "Talks are starting to take place globally, and there is increased optimism that deals can be made before" the pause expires, CFRA strategists said in a note on Wednesday.
Yahoo
09-04-2025
- Business
- Yahoo
Traders Seek Elusive Market Bottom as Tariffs Hammer S&P 500
(Bloomberg) -- Traders are looking for a US stock-market bottom after the biggest four-day rout in five years, but key technical indicators suggest more pain is ahead. Stocks are the most oversold since the depths of the pandemic, conditions that briefly lifted the S&P 500 Index by as much as 4% higher Tuesday. But the US equity benchmark erased its gains to end the session 1.6% lower at about 4,983 — teetering on the brink of a bear market — amid mounting trade tensions between the US and China. The volatility has traders scouring their charts for more guidance. There are two crucial near-term technical levels to watch. First, there is 4,910 — the roughly 20% threshold below the S&P 500's February peak, which provided key support late Tuesday. The gauge quickly reversed and trimmed about half of its drop in the final seven minutes of trading after touching that level. Then there is Monday's intraday low of 4,835, a crucial psychological threshold that — if broken — will lead to further selling, according to Mark Newton, head of technical strategy at Fundstrat Global Advisors. 'It's hard to trust any rally,' Newton said. 'Stocks are getting close to bottoming after being massively oversold, but we still haven't seen the final low, and there's still room to fall even further. No one knows what's happening with tariffs.' There are signs of support for the S&P 500 around 5,000. Technical traders are eyeing the next level of resistance around 5,119.26, the S&P 500's Aug. 5 low when the unwinding of the yen carry trade rattled markets. After that, Dan Wantrobski, technical strategist at Janney Montgomery Scott, is watching a range between 5,300 and 5,500, which would be a roughly 50% retracement of this year's entire correction. If the S&P 500 breaches this year's intraday low, the benchmark could fall as low as 4,650 — near the highs in July 2023, he said. The massive daily swings continue to grip markets. On Tuesday, Wall Street's so-called fear gauge the Cboe Volatility Index, or VIX, finished above 50, more than 140% above its 50-day moving average. It soared as high as 60 on Monday. Of course, contrarian investors who snap up stocks when anxiety runs high consider an elevated VIX to bode well for stocks — especially when the VIX spikes upward as quickly as it did this week. But the problem is the VIX futures curve, which gives a glimpse into the short-term direction of the market, is signaling that volatility may persist for months. 'This is a dangerous market full of head-fakes,' Wayne Kaufman, chief market analyst at Phoenix Financial Services, said. 'Until we get some kind of positive development on tariffs, we'll be at the mercy of Trump and the news cycle.' Options trading has also not shown the kind of panic that usually is accompanied by an ultimate bottom. Take the Cboe equity put-call ratio, which measures investors' appetite to hedge against losses in stocks. The gauge dipped to 0.63 Monday after briefly topping 1 late last week. That's a sign of complacency since it remains below prior spikes that were seen most recently during the inflation-fueled market selloff in 2022 and the pandemic outbreak in 2020. Historically, sharp selloffs pop up in clusters ahead of a final market 'washout,' which occurs when the investing herd hits the point where they just throw in the towel, pushing stock prices so low that they have nowhere to go but up. That usually leads to a string of days where 90% of the stocks in the S&P 500 are down. So far this year, Friday was the only day that happened and traders are watching for more to confirm that investors are dumping stocks in droves. 'We're due for a big oversold rally soon, but that will be short-lived,' Janney's Wantrobski said. More stories like this are available on ©2025 Bloomberg L.P. Sign in to access your portfolio
Associated Press
26-03-2025
- Business
- Associated Press
Global Water Announces Pricing of Public Offering of Common Stock
PHOENIX, March 26, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, today announced the pricing of an underwritten public offering of 2,800,000 shares of its common stock at a price to the public of $10.00 per share. Certain existing stockholders, including certain directors and/or their affiliates, have agreed to purchase an aggregate of 1,439,200 shares of our common stock in the offering. All of the shares are being sold by the company. The gross proceeds to the company from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $28 million. The offering is expected to close on or about March 27, 2025, subject to customary closing conditions. In addition, the company has granted the underwriters for the offering a 30-day option to purchase up to an aggregate of 420,000 additional shares of its common stock at the public offering price, less underwriting discounts and commissions. The company anticipates using the net proceeds from the offering to fund acquisitions and for working capital and other general corporate purposes. Roth Capital Partners and Janney Montgomery Scott are acting as underwriters for the offering. The offering will be made pursuant to a registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission and declared effective on August 31, 2023. A final prospectus supplement and accompanying base prospectus relating to and describing the final terms of the offering will be filed with the SEC and will be available on the SEC's website at Copies of the final prospectus supplement and accompanying base prospectus relating to the offering may be obtained, when available, from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660; (800) 678-9147, or from Janney Montgomery Scott, 60 State Street, 13th Floor, Boston, MA 02109, [email protected], (617) 557-2986. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Global Water Resources Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company's service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson, Arizona. The company recycles over 1 billion gallons of water annually. Forward-Looking Statements Certain of the statements made in this press release are forward-looking, such as those, among others, relating to the company's expectations regarding the anticipated closing date of the offering and its anticipated use of net proceeds from the offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include risks and uncertainties related to completion of the public offering on the anticipated terms or at all, market conditions and the satisfaction of customary closing conditions related to the offering. More information about the risks and uncertainties faced by the company is contained in the preliminary prospectus supplement filed with the SEC and the documents incorporated by reference therein, which include the company's Annual Report on Form 10-K for the year ended December 31, 2024. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Company Contact: Michael J. Liebman SVP and CFO Ron Both, CMA
