The market is breaking out as global economic data is taking the edge off the slowdown narrative. The marginal mover of stocks this year has been the Federal Reserve, trade, and the global economic slowdown, led by weakness in Europe and China. The global economic slowdown has even encompassed worries about a slowdown in the
Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell on August 19, 2019 in New York City. Drew Angerer | Getty Images As November unfolds, stocks should continue to make gains in one of the best months of the year for the market, and it’s
After its quarterly earnings report, Amazon.com (NASDAQ:AMZN) stock fell below $1720 on Oct. 25, only to snap back nicely the same day. Even though the cloud computing and e-retailing giant lost a Pentagon cloud contract worth as much as $10 billion to its competitor, Microsoft (NASDAQ:MSFT), investors decided that buying AMZN stock on weakness would
Kraft Heinz (NASDAQ:KHC) beat earnings estimates and the stock rose 13% on Halloween. Earnings of $899 million, or 69 cents per share, sailed by estimates of 61 cents. But sales were down nearly 5% from a year earlier, at $6.1 billion. Source: Casimiro PT / Shutterstock.com There’s more to the story. Even with its recent
This has been a good year for investors in Micron Technology (NASDAQ:MU). Year-to date, Micron stock is up more than 50%. Source: Valeriya Zankovych / Shutterstock.com On Sep. 26, the company reported earnings results for the fourth quarter as well as the full year of fiscal 2019. As we get ready to wrap up another
A better-than-expected jobs report thrust equities to new all-time highs once again, with the S&P 500 notching its fourth new high in five days. Let’s take a look at a few top stock trades as the markets continue to roll higher. Top Stock Trades for Tomorrow No. 1: Alibaba (BABA) Alibaba (NYSE:BABA) is barely in
Inventory injections will start declining over the coming weeks The market was expecting an injection of 86 bcf The price action after the EIA data continues to be bullish After the most recent release of inventory data from the Energy Information Administration, there are only two weeks left in the 2019 injection season in the
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CNBC’s Jim Cramer said Thursday he still believes Apple’s stock is undervalued, even with nearly 60% run higher in 2019, nearly triple the pace of the overall stock market this year. “This is a company that has a multiple that’s way too low given the fact that it’s consistent and China does not seem to
A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, September 22, 2017 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Shares of Pinterest plummeted 20% after the bell following the company’s third-quarter revenue miss, coming in at $279.7 million, which was
On Oct. 23, Microsoft (NASDAQ:MSFT), released its fiscal first-quarter results. They showed improvement by its cloud segment, Azure, in particular and by its entire business in general. Source: Peteri / Shutterstock.com In 2019, MSFT stock is up about 40%. I believe that the strong performance of Microsoft stock has been based on robust fundamentals, which I
Cronos (NASDAQ:CRON) is down over 64% from its peak but it is still quite overvalued. Moreover, compared to all the other major Canadian cannabis stocks, Cronos stock is the most expensive. Source: Shutterstock You can see from this table below that CRON stock is trading at high multiples of revenue compared to its peers. The
Stocks were roiled Thursday by the return of headline risk, which was compounded by the variety of that risk — it was both domestic and foreign in nature. Source: Venturelli Luca / Shutterstock.com Starting in the latter category, China appears intent on adding another chapter to the long-running trade saga with the U.S. Today, the
Innovative Industrial Properties (IIPR) – which has been one of the better performing stocks of the cannabis sector – announced yesterday a couple more acquisitions and partnerships that could bode well for this stock. The first announcement highlighted the closing of a sale-leaseback transaction with PharmaCann LLC (PharmaCann) for a property located in Dwight, Illinois.
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Exxon and Chevron report earnings on Friday before the bell as energy companies continue to struggle, pressured by falling oil prices, waning demand and squeezed margins. The Street is expecting Exxon’s earnings to plummet by more than 50% from a year ago. For Chevron, it’s a more modest 29% decline. Exxon Exxon is expected to
Traders work, as a screen shows Federal Reserve Chairman Jerome Powell’s news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange, October 30, 2019. Brendan McDermid | Reuters October is ending strong. Here’s what’s next. The market is closing out October from a position of considerable
Congressional Democrats’ effort to impeach President Donald Trump is not impacting the stock market as the president claimed in a tweet, but it could if it begins to hurt his re-election chances, strategists say. Stocks would be even harder hit if either Massachusetts Sen. Elizabeth Warren or Vermont Sen. Bernie Sanders were to take a
Salesforce (NYSE:CRM) CEO Marc Benioff recently declared that capitalism is dead, suggesting that America “[Needs] a new, more sustainable, more equitable, more fair capitalism.” Benioff’s company is one of 193 American businesses that have signed the Business Roundtable’s Statement on the Purpose of a Corporation that highlight’s the need for companies to address all the
After several years of people favoring growth names over value and dividend stocks, sentiment has switched gears. That’s because people are looking for sources of yield again. With the Federal Reserve cutting rates once more, the safe sources of fixed-income yield are drying up. 10-year treasury bond yields, for example have gotten cut nearly in