It was mostly a listless-to-negative day for U.S. stocks as the technology sector faltered, weighing on the major benchmarks. Another delay in the Brexit vote, seemingly a regular occurrence, and data indicating that sales of previously owned U.S. homes fell 2.2% last month were among the headlines hampering equities today. Source: Venturelli Luca / Shutterstock.com
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Last year’s price action was ugly $50 keeps holding I am bullish on oil with a stop below $49 per barrel The price of crude oil continues to bounce off the $50 per barrel level on the active month NYMEX futures contract. Bullish and bearish factors have been pulling the energy commodity in opposite directions
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United Technologies Brendan McDermid | Reuters United Technologies shares rose in trading Tuesday after the top industrials analyst on Wall Street said on CNBC’s “Halftime Report” that he likes the conglomerate’s upside from here. “This is in my view one of the best-of-both-world stocks,” J.P. Morgan analyst Stephen Tusa. Shares of United Technologies were higher
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McDonald’s (NYSE:MCD) has been one of the most consistent stocks in the market. Shares continue to chug higher, as growth is steady and business is consistent. Gone are the worries about McDonald’s impending doom amid a generational shift in eaters’ preferences. MCD stock is not only surviving in the current environment but thriving. Source: 8th.creator
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Bullish sentiment on silver is down significantly from its highs at 97% bulls. While this is a step in the right direction, sentiment readings are high considering a 14% correction in the metal. It’s possible we saw the lows at $16.95/oz, but the possibility remains for an undercut of these lows. It’s been a busy
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A pedestrian passes in front of a TD Ameritrade Holding Corp. location in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of TD Ameritrade climbed more than 4% during extended trade after the company reported better-than-expected earnings for its fourth quarter. The
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I still remember the first time I saw my neighbor removing a red envelope from his mailbox. Source: Shutterstock It was 2005, and I was living in Chicago. I noticed that every few days he’d go out to his mailbox and pull out a bright red square envelope. Back then, I rented my movies from
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On Oct. 16, International Business Machines (NYSE:IBM) stock reported disappointing Q3 revenue that missed estimates. It was the fifth consecutive quarter of decreasing sales figures from IBM stock. Source: JHVEPhoto / Shutterstock.com Despite the fall in IBM share price following the release of earnings, year-to-date, IBM is still up about 18%. Although there is likely to
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If misery loves company, then Aurora Cannabis (NYSE:ACB) shareholders are far from alone. While marijuana stocks like ACB were soaring earlier in the year, several marijuana-related headwinds and dulling hype have since sent many of these stocks downward. But if new investors want to brave the risk and allow ACB stock to grow in their
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But as the morning coffee kicks in it’s more than that. The real bullishness seems to be coming from the growing realization that the US has entered a new phase of Quantitative Easing (QE), whether the Fed admits that’s what it is or not. Let’s face it – saying they see a need to buy $60
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