It was a very sleepy session in the stock market today. Monday’s trading volume was well below average, as we failed to see much action. With earnings starting to pick back up though, it’s possible we will start to see some movement in the indices later this week. Monday’s quiet session gave investors an opportunity
CNBC’s Jim Cramer on Monday told investors to beware the hyped-up IPOs these days like WeWork and Uber with overly ambitious mission statements that don’t accurately reflect their actual businesses. “How about Peloton? Do we want shares of Peloton? See, here’s what I think happens [with unicorns]. First we think Uber is a platform, then
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 27, 2018. Eduardo Munoz | Reuters Check out the companies making headlines midday Monday: Boston Beer — Shares of Boston Beer rose 2% after Guggenheim raised its price target to $462 from $449 per share, citing strong growth
[Editor’s note: This story was originally published May 2018. It has since been republished and updated due to the developments from the Farm Bill. At least one stock has been removed from this list.] Last year witnessed several catalysts for the legal cannabis industry, most notably the legalization of recreational marijuana in Canada. As a
The Federal Reserve has cut interest rates again, for the second time since late July 2019. The rate, which was slashed a quarter basis points (0.25 percentage points) following the two-day FOMC meeting that concluded on Sept. 18, now stands in the range of 1.75%-2%. Source: Shutterstock In order to maintain the U.S. economy’s decade-long
Drugstore chain Rite Aid (NYSE:RAD) is fighting for its life, if the recent and not-so-recent performance of Rite Aid stock is any indication. Source: Susan Montgomery / Shutterstock.com That’s a tough truth for shareholders to hear, but that doesn’t make it not true. Remember, this is the same company that in 2015 was willing to
U.S. stock futures are close to unchanged as traders return from the weekend. After opening strong Sunday night, they have since given back gains due to weak data from Europe fanning the flames of a global slowdown. Source: Shutterstock Against this backdrop, futures on the Dow Jones Industrial Average are down 0.10%, and S&P 500
The Fed cuts rates as expected Rates continue to fall around the world Lower rates and trade concerns are bullish for gold We recently heard from the European Central Bank in what was President Mario Draghi’s final meeting as the head of the ECB. Ms. Christine Lagarde, the former managing director of the IMF, will
Download Preston’s 1 page checklist for finding great stock picks: http://buffettsbooks.com/checklist Preston Pysh is the #1 selling Amazon author of two books on Warren Buffett. The books can be found at the following location: In this lesson, we learned the importance of buying a company that has a strong return on equity. Since the market
Support and Resistance are the building blocks needed in order to read chart patterns properly and to trade effectively. Support: -A psychological level where people believe the demand is strong enough to hold the stock price up -This is similar to a price floor, but it isn’t government controlled -A healthy support line hits multiple
Hey everybody, Dave Bartosiak here with Trending Stocks at Zacks.com giving you the four dumbest things about the Equifax hack. In case you haven’t heard, hackers breached the data of credit agency Equifax and made off with a few social security numbers and sensitive information. A few…million. Well, 143 million to be exact. So basically
Cans of Molson Coors Brewing Co. Miller Lite and Coors Light brand beer Daniel Acker | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: MKM initiated Constellation Brands as ‘buy’ MKM said in its initiation note that it likes the “strength” of Constellation’s Modelo brand. “The unrelenting strength, and
The New York Federal Reserve building in New York. Scott Eells | Bloomberg | Getty Images The Federal Reserve has calmed the overnight funding market and brought its fed funds rate back in line with its target. But the question is how long will the Fed have to remain engaged, following the third day of special
Like many notable technology firms, Nvidia (NASDAQ:NVDA) took quite a beating late last year. Heading into the final third of 2019, Nvidia stock has largely stabilized. However, while being up nearly 32% year-to-date is a positive development, it doesn’t do much to mitigate last year’s losses. That said, NVDA’s ramped up presence in gaming presents
On Sept 18, the Federal Reserve cut interest rates by 25 basis. The expected move came amid concerns about trade wars and a potential economic slow down globally. Yet Fed officials were divided about the decision — as well as over the need for any future cuts. Variables such as interest rates, economic growth, global
Aurora Cannabis stock (NYSE:ACB) holders have had a rough couple of weeks. In early September it seemed like the long-term downtrend may have finally come to a merciful end. In a matter of just a few days the ACB stock price rose by around 15% rallying from levels around $5.50 to $6.45. Source: Jarretera /
U.S. stock futures are trading higher this morning after yesterday’s failed attempt by the S&P 500 to break above its record peak. Source: Shutterstock Heading into the open, futures on the Dow Jones Industrial Average are up 0.22%, and S&P 500 futures are higher by 0.20%. Nasdaq-100 futures have added 0.32%. In the options pits,
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India traders at the Motilal Oswal Financial Services Ltd. office in Mumbai, India. Vivek Prakash | Bloomberg | Getty Images Indian stocks surged overnight Friday after the country’s government announced a big cut to India’s corporate tax rate. The India S&P BSE Sensex index jumped 5.3% to notch its biggest one-day gain since May 5,
Customers wait in line to check-out at a Costco Wholesale Corp. store in San Francisco in December 2018. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Microsoft – Shares of the technology giant rose 1.6% after the company announced a new $40 billion in share buybacks, as well as