On December 22, 2017, Donald Trump signed into law the Tax Cuts and Jobs Act. The major beneficiary was large corporations that saw the corporate tax rate fall from 35% to 21%. The cuts were intended to provide American corporations with additional cash to reinvest in the economy. Two years on, we know big corporations
Are stocks like Hexo (NASDAQ:HEXO) and Aurora Cannabis (NYSE:ACB) canaries in the coal mine? Is the underperformance from Hexo stock and Aurora a warning shot to the rest of the cannabis group, or are they simply laggards in the industry? Source: Shutterstock The cannabis sector bottomed in November, as a majority of the group ended
Broadly speaking, Tuesday was another sluggish day for riskier assets. The dollar rose and oil declined as many market participants wait to see what happens next in the intensifying showdown between the U.S. and Iran. Source: Provided by Finviz The S&P 500 lost 0.28% The Dow Jones Industrial Average dropped 0.42% The Nasdaq Composite gave up
Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China January 7, 2020. Aly Song | Reuters Argus Research analyst Bill Selesky raised his 12-month price target on Tesla to $556 from $396 on Tuesday. Selesky cited Tesla’s strong fourth quarter deliveries, where it topped analyst expectations,
VMware (NYSE:VMW), the jewel in the crown at Dell Technologies (NYSE:DELL), is one of the cheapest tech stocks you can buy right now, selling at under 10 times last year’s earnings. 2020 will be a pivotal one for VMW stock. It has closed on its $2.7 billion purchase of Pivotal Software. It can now offer what
It’s been the best of times and the worst of times for Johnson & Johnson (NYSE:JNJ) stock. On the one hand, considering that much of its revenue comes from low-growth consumer staples or medical devices, the company’s revenue and profits are actually rising fairly rapidly. That’s partly because its pharma unit’s drugs are selling well.
A bullish end to 2019 The Middle East is supportive of prices Rig counts and inventories help the rally At the end of last week, the price of crude oil moved to a new high, and a higher level than after the drone attack on Saudi oilfields in September 2019. On January 2, a US
As geopolitical tensions remain muted, stocks continue to hold up near the highs. Let’s look at a few top stock trades from Tuesday’s session. Top Stock Trades for Tomorrow No. 1: Micron (MU) Micron (NASDAQ:MU) had been trading in a very well-defined channel (blue lines) since summer. After better-than-expected earnings in December, shares eventually topped
A flag flies outside the Citigroup building in the Long Island City neighborhood of Queens, New York. Daniel Acker | Bloomberg | Getty Images Citigroup is making David Chubak its new head of U.S. retail banking at a critical time for the third-largest U.S. bank. Chubak, who held largely strategic roles across the New York-based
A worker with Apache Corp. is viewed at the Patterson 298 natural gas fueled drilling rig on land in the Permian Basin on February 5, 2015 in Mentone, Texas. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Apache — Shares of the oil exploration and production company surged more than
If you’re looking for stocks to buy to double your money in 2020, you might want to look beyond the S&P 500. Don’t get me wrong. The S&P 500’s total return of 28.9% in 2019 was one of the best performances the index has seen in decades. However, a quick screen shows that only a
For today’s article, I wanted a simple list of high-yield dividend stocks for 2020. But not just that — the other criteria is that the stock has to be cheap. Essentially, I was looking for a series of dividend stocks that the 2019 stock market rise bypassed. So I set out to find high-yield dividend
Many investors regard Canada-based Canopy Growth (NYSE:CGC) as one of the best cannabis companies. CGC is the largest marijuana stock by market cap. But in 2019, its large size did not help support Canopy Growth stock, as the shares fell 21% last year. Source: Shutterstock Although 2020 may turn out to be a better year for
As always, first the chart – this time for SLV, the unleveraged silver ETF that trades on US markets. What the chart of SLV says is silver probably got a little too over-extended in the short term. Silver had a nice, fairly balanced run-up the previous 3 weeks or so, then came US-Iran. Of course it
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The widely followed domestic equity benchmarks were able to cobble together modest gains Monday even though many market participants are taking a wait-and-see approach to what comes next amid heightening hostilities between the U.S. and Iran. Source: Provided by Finviz day The S&P 500 started the week higher by 0.35% The Dow Jones Industrial Average
There’s not an investor in the world that wouldn’t want to replicate the investing success of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) CEO Warren Buffett. Buffett’s value-oriented investing prowess has earned him a fortune and a position among the most wealthy people on the planet. Source: Jonathan Weiss / Shutterstock.com It seems like once a week I
How low is the bar for Canadian pot stocks that the media celebrate Aphria (NYSE:APHA) for being the first in the sector to post two profitable quarters in a row? It’s pretty low. Source: Shutterstock Aphria stock may be the best house on the block in the Canadian pot business. However, investors can’t forget that it is
Lockheed Martin F-35 Joint Strike Fighter Lightning II Robert Sullivan | FlickrCC Shares of defense companies outperform the broader market in the six months after a crisis event in the Middle East, according to an analysis by CNBC. Defense stocks have risen since a U.S. airstrike killed Gen. Qasem Soleimani, Iran’s top military commander, last
Maintenance workers cover the engine of an American Airlines Group Boeing 737 Max plane at Tulsa International Airport (TUL) in Tulsa, Oklahoma, May 14, 2019. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell. Microchip Technology — Shares of Microchip rose over 4% after releasing updated guidance