China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. AFP Contributor | AFP | Getty Images The Trump administration’s Dec. 15 deadline for new tariffs on China looms large, and while most strategists expect them to be
Month: December 2019
The stock market is hitting new all-time highs. With it, many of investors’ favorite stocks are becoming rather expensive. There are certainly fewer cheap value stocks today than there were last December, that’s for sure. But don’t despair. The rise in the S&P 500 and other stock market indexes hasn’t caused all stocks to rise
Wall Street is in Santa Claus rally mode at the end of the week. But will it be another and more bearish December to remember? One thing is for certain, blue-chip stocks 3M (NYSE:MMM), ExxonMobil (NYSE:XOM) and Home Depot (NYSE:HD) are showing technical signs that admired income streams will be trumped by capital gains for
The November jobs report delivered today before the opening bell brought some holiday cheer and that was enough to send stocks soaring to close the week as the major equity benchmarks closed higher for a third consecutive day. Source: Provided by Finviz The S&P 500 surged 0.91% The Dow Jones Industrial Average rallied 1.22% The Nasdaq Composite
Today we saw silver (SLV) drop more than 2% and I believe it is still difficult to have high conviction that the lows are in at $16.50/oz. This is divergent from the action we see in gold (GLD), where sentiment is near May levels, and we’ve seen small speculators shed a significant amount of long contracts
Here’s a question for you: How long does it take for you to purchase a vehicle? Let’s say I am buying your favorite ice cream – something that doesn’t cost more than $5. Chances are, you take more time deciding to purchase a vehicle (compared to the ice cream), because it costs so much more.
Whirlpool’s Scan-to-Cook technology Ethan Miller | Getty Images Here are the biggest calls on Wall Street on Friday: Morgan Stanley increased its bull case price target on Tesla to $500 from $450 Morgan Stanley raised its bull case on the stock and said that scenario could play out if the Cybertruck is a success and
Check out the companies making headlines before the bell: Tapestry (TPR) – The parent of the Coach and Kate Spade brands was downgraded to “in line” from “outperform” at Evercore, based on a shift by consumers to a more casual lifestyle with an emphasis on sneakers and athletic wear. Big Lots (BIG) – The discount
After having learned from both good and bad experiences, veteran investors usually are pretty good at picking stocks. In most cases, they’re just maintaining an existing portfolio, picking one stock at a time to replace another that’s no longer a worthy holding. It’s a slow-moving journey. Brand new investors, however, face a tougher task. Building
Intel (NASDAQ:INTC) is likely to rise significantly from two shareholder-friendly moves: an expected dividend hike in Q1 2020 and the company’s new $20 billion share repurchase program. This after Intel stock survived a pretty choppy 2019 to come out looking good. Source: Kate Krav-Rude / Shutterstock.com Typically Intel increases its dividend per share no longer
I’d like to start this article on Costco (NASDAQ:COST) stock by saying two really important things. First, Costco is as good as it gets in the retail world. Source: Helen89 / Shutterstock.com Costco has been dominant because it has utilized two successful retail models: the warehouse retail model, which is successful because it optimizes convenience
U.S. stocks seem to have returned to normal. A two-and-a-half session sell-off has been followed by a rally of equal length. While broad market indices remain modestly off their highs, it does seem like stability, at least, has returned heading into 2020. Source: Shutterstock In that context, the question at the moment is whether there’s
Earlier this week Aphria Inc. (APHA) announced that its Aphria Diamond growing subsidiary obtained an $80-million credit facility on November 29, 2019 with a Canadian chartered bank. The bank will serve as sole arranger, sole book runner and administrative agent on behalf of lenders. APHA says that since securing its Health Canada license on November
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Workers walk outside the Tesla Inc. Gigafactory in Shanghai, China, on Friday, Nov. 1, 2019. Qilai Shen | Bloomberg | Getty Images Morgan Stanley increased its “bull case” for Tesla to $500 a share on Thursday, in the firm’s calculation of a best case scenario for the company’s value if Cybertruck is successful and the
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Ulta spiked more than 9% during extended trading after the beauty retailer posted mixed third-quarter earnings and matched same store-sales estimates. The company earned $2.25
With 2019 coming to a close, it’s both a time to reflect and to ponder the future of hot stocks for 2020. If I had to summarize the markets this year in one word, it’d be China. Through much back-and-forth rhetoric, the U.S.-China trade war dominated the investment and political narrative. Unfortunately, based on recent
The time to buy a “dividend aristocrat” stock is when it’s out of fashion. Then ignore it. You should plan on holding such a stock for at least three years, but preferably a lifetime. That has been a good strategy with Starbucks (NASDAQ:SBUX), the Seattle-based coffee chain that is getting back to the basics for
Although tech stocks generally comprise a hot space, not all companies within the space are hype-worthy. The technology sector is one of the biggest gainers of the year. With an almost 40% year-to-date gain, 2019 will go down in the history books as a banner year for tech stocks. Its ranks are full of out-sized
Stocks moved modestly on a day in which Democratic leadership in the House confirmed articles of impeachment will be filed against President Trump, indicating the trade relationship with China is a bigger priority for markets than party politics. The S&P 500 rose 0.15% The Dow Jones Industrial Average climbed 0.10% today The Nasdaq Composite advanced 0.05% Supported