U.S. equities are pushing to new record highs this week thanks to more indications that a Phase One trade deal between the United States and China is forthcoming. A number of big M&A deals have bolstered sentiment as well, including a $26 billion deal by Charles Schwab (NYSE:SCHW) to buy TD Ameritrade (NASDAQ:AMTD) and a
U.S. stock futures are edging higher after Monday’s robust run. Small-cap stocks awoke in a big way, blasting through a year-long resistance zone. The Russell 2000 has finally departed its trading range and is poised to participate in a year-end run. Its emergence is yet another development favoring a bullish bias. Source: Shutterstock Heading into
While the equity market bulls continue to enjoy a rout of new highs, those in the metals complex are likely feeling left out. Gold (GLD) has sunk 7% from its August highs near $1,560/oz, and silver (SLV) has fared much worse, with a 15% drawdown from those highs. This has likely been a grueling experience
Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some
Check out the companies making headlines before the bell: Tech Data (TECD) – The technology distributor agreed to be bought by private-equity firm Apollo Global (APO) in a sweetened offer worth $5.14 billion excluding debt, or $145 per share. Tech Data had struck a deal to be bought by Apollo earlier this month for $130
Despite all of its growth, PayPal (NASDAQ:PYPL) has a slight problem. It used to have the digital wallet and online payment market all to itself. But these days, PYPL is facing some pretty big competition from a variety of start-ups and even traditional banks. Getting its mojo back and fighting off that competition are its
The bull market in stocks has now transpired for more than ten years. Although stocks to sell exist in almost any market environment, such a run will naturally leave some overvalued equities. This had led to investors turning on some once-beloved companies. Also, in recent years, the market has seen many IPOs launch. While some
The trading sessions are starting to get quiet as we near Thanksgiving. Let’s look at a few top stock trades going into the last full trading session of the week. Top Stock Trades for Tomorrow No. 1: Disney (DIS) Disney (NYSE:DIS) stock has looked great ever since reporting earnings earlier this month. After hitting $150
(Photo by Alexander RyuminTASS via Getty Images) The trend is your friend is an investment adage that is usually associated with short term traders, employing technical analysis or other momentum strategies. It can also apply to thematic investors seeking to identify mega-trends that will last decades. These are trends so clearly in place, it is
The Charging Bull near Wall Street is pictured in New York. Carlo Allegri | Reuters The stock market has been hitting record high levels day after day, but that doesn’t mean corporate CEOs are bullish about next year, according to J.P. Morgan Chase regional investment banking head John Richert. Instead, CEOs are worried about delivering
John Deere combine harvesters sit on display during the Farm Progress Show in Boone, Iowa, U.S., on Tuesday, Aug. 28, 2018. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Deere — Deere‘s stock dropped 4.5% as the worst performer among the S&P 500 companies after the manufacturing
Qualcomm (NASDAQ:QCOM) shares have spent the last six months grinding back to the high they achieved in April, after the company settled its patent suit with Apple (NASDAQ:AAPL) on favorable terms. Source: Michael Vi / Shutterstock.com Shares opened Nov. 27 at $85.16. That’s a market capitalization of nearly $97 billion, on expected sales of about
Autumn has been kind to Intel (NASDAQ:INTC). Since bottoming out at $44.55 in September, INTC stock rallied to a high of nearly $59 a share. All thanks to a solid earnings beat. Source: dennizn / Shutterstock.com Earnings of $1.42 per share crushed expectations for $1.24. Revenue of $19.19 billion trounced $18.05 billion expectations. It even
Wednesday will mark the last full trading session of the holiday-shortened trading week. It’s no surprise then that Tuesday marked a rather quiet session in the stock market today. The SPDR S&P 500 ETF (NYSEARCA:SPY) spent most of the session higher by about 10 basis points, but finished higher by 0.2%. That’s about where the
Earlier this week, Canopy Growth Corp (CGC) announced it had won a license to produce cannabis-infused beverages in Canada. Health Canada — the country’s cannabis industry regulator – granted the license just in time for the rollout of Canada’s highly-anticipated Rec 2.0, when cannabis edibles and derivative will finally become available for retail sale. “This
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight, setting up for a year end Santa rally, strategists say. The tone around trade talks between the U.S. and China has been positive enough to keep the market moving higher. The Dec. 15 deadline
An interesting study by UBS and PricewaterhouseCoopers shows that billionaire-controlled companies delivered 15-year annualized total returns of 17.8%, almost twice the returns of the MSCI ACWI index over the same period. The authors of the study call this the “billionaire effect,” suggesting that billionaires have three personality traits that carry them to success: smart risk-taking,
I have maintained a “Bearish” view on most of the cannabis stocks in the last few months. My view has been backed by factors of cash burn, lack of clinical research and regulatory hurdles for industry players. There are still no compelling reasons to consider exposure to Aurora Cannabis (NYSE:ACB), even with ACB stock sliding
U.S. stock futures are inching higher on what is bound to be a low volume and likely low volatility trading session ahead of Thanksgiving. Heading into the open, futures on the Dow Jones Industrial Average are down 0.01%, and S&P 500 futures are higher by 0.06%. Nasdaq Composite futures have gained 0.16%. Source: Shutterstock In