Despite a modest sell-off on Friday amid light trading, U.S. stocks head into December in a strong position. All three broad market indices closed at all-time highs on Wednesday. The S&P 500 has gained 25% so far this year; returns from the tech-heavy NASDAQ Composite clear 30%. Source: Shutterstock At the moment, there don’t seem
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Shares of Under Armour are trading in a bear market after falling 35% from July’s 52-week high, but Raymond James sees a big rally ahead since the company is on “the cusp of a multi-year, profitable, and sustainable growth cycle.” The firm upgraded the stock to a “strong buy” rating on Wednesday, saying the retailer
Even amid economic headwinds, Caterpillar (NYSE:CAT) stock has shown strong resilience. On one hand, the probability of recession as predicted by Treasury spreads is at 30%. On the other hand, CAT stock has moved higher by 27% in the last three months. I remain bullish on Caterpillar stock with a view that the concerns are
Today we discuss a Kitco article written by Max Keiser which detail’s the Chinese plan to issue a cryptocurrency backed by gold. The purpose of this currency is to further undermine the US Dollar. We also discuss our Members Stock Charts Requests along with the early hour open of the stock market, currency and commodity
Berkshire Hathaway’s cash hoard keeps growing, topping $128 billion according to the company’s latest SEC filing. Now, we finally have an idea of what Warren Buffett has been thinking of doing with some of that money. In a little-noticed announcement late Wednesday, Tech Data said it has agreed to be bought by private-equity firm Apollo
Russia’s President Vladimir Putin waves to the media prior to a meeting of leaders of the BRICS emerging economies at the Itamaraty palace in Brasilia, Brazil, Thursday, November 14, 2019. Pavel Golovkin | Pool via Reuters OPEC and Russia are likely to extend their oil production deal at least through midyear, but if they were
[Editor’s note: “3 Solar Stocks to Buy for a New Day in Solar Energy” was previously published in October 2019. It has since been updated to include the most relevant information available.] Solar stocks have really taken it on the chin this year, but the huge declines are totally unjustified, creating a great buying opportunity
(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990’s consumer tastes put certain brands
The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters Stocks have had a bang-up year so far, and they’re heading straight into the month that is often the best of all. The S&P 500 is up more than 25% for the year so far. Thanksgiving week was technically very
[Editor’s note: “7 5G Stocks to Buy Now for the Future” was previously published in August 2019. It has since been updated to include the most relevant information available.] Since I last wrote about the four best 5G stocks to buy as the trend heated up, the sector has touched new highs. The companies benefited from
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Omega Healthcare Investors (OHI). This healthcare REIT is a dominate player in the skilled nursing facility space. It recently delivered a solid ‘beat and raise’, prompting analysts to revise their estimates
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street analysts tend to run in packs, with most stocks finding an informal consensus
An oil tanker is anchored near the Port of Long Beach, California, U.S. Tim Rue | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Walmart, Target, TJX Companies – Shares of the retailers climbed as much as 1% each on Black Friday as U.S. shoppers hunted for deals, with online
For investors seeking out the ultimate high-risk, high-reward stocks, look no further than the biotech industry. Unlike companies that build up their businesses over time at a steadier pace, biotechs rely on just a few studies or trials of their therapies. As a result, favorable outcomes can catapult share prices upwards. An upset, however, can
As it pierces through its previous high-water mark set in April, Lowe’s Companies (NYSE:LOW) stock seems to be demonstrating the resilience of some (though certainly not all) brick-and-mortar retailers in the face of the disruptive Amazon (NASDAQ:AMZN) threat. Source: Helen89 / Shutterstock.com With this encouraging price action comes a caveat, though, as recent store closings
Optimism on the trade front and the renewal of the “Merger Monday” theme sent stocks rallying to record highs on Monday. But no members of the Dow Jones Industrial Average were involved in the leap today. Source: Provided by Finviz The S&P 500 soared 0.75% The Dow Jones Industrial Average advanced 0.68% The Nasdaq Composite added 1.32%
Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that be saying something about the
Boys run past burning tires set up by Iraqi protesters during ongoing anti-government protests in Najaf, Iraq, November 26. Alaa al-Marjani | Reuters The resignation of Iraq’s prime minister helped trigger a drop in oil prices, but analysts say that may not be the right response by investors, as Iraq’s future may have just become
I read an article recently about Slack (NYSE:WORK) losing 11% of its market value on Nov. 19 due to news Microsoft (NASDAQ:MSFT) Teams was taking a commanding lead in the enterprise messaging solutions market. Source: The Art of Pics / Shutterstock.com Although the MSFT stock price barely moved on the news, it was a gentle