From a long-term standpoint, I still like the case for Micron (NASDAQ:MU) stock. Memory demand should rise over time, thanks to broader trends like IoT (Internet of Things) and 5G (fifth-generation) wireless. Falling earnings don’t make Micron stock look all that cheap right now, but estimates for mid-cycle earnings still suggest upside from a current
It has been a familiar theme for several days now, but mixed messages on the trade front weighed on stocks Thursday, as did some diverging signals from retail earnings reports. Source: Chart Courtesy of finviz.com The S&P 500 lost 0.16% The Dow Jones Industrial Average declined 0.20% The Nasdaq Composite dropped 0.24% Exxon Mobil (NYSE:XOM), the largest
The market expected a withdrawal of 50 bcf for the week ending on November 15 A feeble attempt at a rally following the EIA data The injection season ends with a peak of 3.732 tcf In a sign that the winter season has arrived, the Energy Information Administration reported the first withdrawal from storage across
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The new movie “Dark Waters” may be about an attorney’s battle against chemical company DuPont, but the film could shine a sharper spotlight on the industry in general, hurting companies like 3M, Bank of America Merrill Lynch said on Wednesday. The film, which hits theaters on Friday and stars Mark Ruffalo, Anne Hathaway and Tim
Strategists say there’s still a chance for a phase one trade deal between the U.S. and China, even as the stock market sold off on skepticism the two nations could come together. The bond market had already been reflecting sinking prospects for a deal as yields fell in recent sessions. The Dow Jones Industrial Average
Facebook’s (NASDAQ:FB) is no stranger to controversy. In fact, it often feels like it’s difficult to go more than a few weeks here and there without some type of headline risk pertaining to the social media giant. Yet, FB stock is up 52% year-to-date. Source: rvlsoft / Shutterstock.com The dichotomy of headline risk and shareholder
U.S. equities are backing away from their recent highs as investors worry about worsening U.S.-China trade tensions after the U.S. Senate passed a bill critical of Beijing’s handling of the protests in Hong Kong. China doesn’t like anyone to be critical of their security apparatus, and is threatening a worst-case scenario if Washington persists. Of
The stock market came into Wednesday near all-time highs, but that sentiment didn’t soften the blow in the stock market today. In fact, hovering so close to the highs likely hurt equities on Wednesday. Trade worries weighed on futures before the open, but those concerns subsided as investors remained unfazed. However, midday reports about the
Silver gave bulls a scare two weeks ago when it seemed to drop out. That was due to good news from the US-China trade war – any good news on that front prompts most investors to shift money back into risk equities, like stocks. Let’s see what the chart is saying now. (Source: Fidelity.com) As this
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Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City. Getty Images Target is far and away the best performing retail stock of 2019. After reporting third-quarter results on Wednesday that crushed Wall Street’s expectation, Target
Brent Lewin | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of Tiffany & Co. jumped 4% during extended trading after a Reuters report that French luxury goods maker LVMH raised its bid from $120 per share to approximately $130 per share, according to people familiar with the matter.
The PHLX Semiconductor Sector Index (SOX) is higher by 48.1% year-to-date. That sounds good on its own, and it is, but one of the benchmark’s components, AMD (NASDAQ:AMD), has returned nearly 32% over just the past month. Source: Joseph GTK / Shutterstock.com AMD stock’s recent surge extends its 2019 gain to over 121%. Let’s see here:
Aurora Cannabis (NYSE:ACB) continues its stunning fall from grace. Aurora stock has collapsed following a dreadful earnings report last week, along with a major change in corporate strategy going forward. This, along with a flood of share dilution, has caused traders to dump their ACB stock as fast as possible. Source: Jarretera / Shutterstock.com To
The slow slog of the U.S.-China trade deal hampered stocks Wednesday, sending all three of the major domestic equity benchmarks lower on the day. Source: Chart courtesy of finviz.com The S&P 500 shed slid 0.3% The Dow Jones Industrial Average retreated 0.4% The Nasdaq Composite tumbled 0.5% Johnson & Johnson was one of the lone bright spots
While Aphria (APHA) stock has taken a beating this year (along with the rest of the cannabis sector), shares of this company could be set to take off based on a few solid business fundamentals. For starters, the company recently announced that it would be doubling production capacity courtesy of the recent cultivation license it
Carl Icahn at the 6th annual CNBC Institutional Investor Delivering Alpha Conference on September 13, 2016. Heidi Gutman | CNBC Billionaire investor Carl Icahn is placing a $400 million bet against struggling malls, taking on two of the largest investment firms, according to a report in the Wall Street Journal. Icahn stands to make millions
Federal Reserve Chairman Jerome Powell holds a press conference following a two day Federal Open Market Committee policy meeting in Washington, U.S., January 30, 2019. Leah Millis | Reuters Federal Reserve Chairman Jerome Powell made it clear the Fed has no plans to move on interest rates for now, but market pros are still hoping
On Oct. 30, the Federal Reserve cut interest rates by 25 basis points. The expected move came amid concerns about trade wars and a potential economic slow down globally. Yet Fed officials were divided about the decision. Variables such as interest rates, economic growth, global political and trade worries and activity in the housing markets