By some measures, technology stocks are doing better now than any time since the dotcom boom. Alphabet and Facebook are no exception. Both stocks hit all-time highs this summer, and both have risen more than 30 percent over the past year. It’s no surprise, then, that 86 percent of analysts listed by FactSet have a […]
Read moreAfter the first of the “FANG” quartet surged this week on a strong quarterly earnings report, some strategists are forecasting further upside for another member of the FANG gang reporting next week: Amazon. Netflix handily beat its earnings expectations and membership forecasts when it reported earnings Monday, pushing the stock to all-time highs. Amazon is […]
Read moreMorgan Stanley’s chief U.S. equities strategist, Mike Wilson, said Friday he was feeling “very good” ahead of the upcoming earnings week, noting that strong fundamentals have been carrying the markets throughout the year. “This is what we’ve been waiting for,” Wilson said on CNBC’s “Halftime Report.” “These are the best fundamentals we’ve seen since the […]
Read moreMarket will drop 10% because a volatility spike could spark a 'feedback loop' of selling: Strategist
Fundstrat’s Sam Doctor told investors to expect a market pullback later this year, saying the current period of low volatility is “unstable.” The quantitative strategist cited how the spread between correlations of stocks to their industry versus the rest of the market is at 99 percentile historical highs, which is often a precursor to market […]
Read moreThe dollar could continue to flounder and the economy could fall into recession unless Congress moves on tax-cutting legislation, says David Woo, Bank of America Merrill Lynch’s head of global rates and foreign exchange strategy. “The single biggest driver of the dollar is the outlook for U.S. tax reform. If tax reform happens, it will […]
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With the dollar tumbling against the euro this year, many on Wall Street are predicting the U.S. currency may weaken even further from here. Investors can trade the trend, using history as a guide. The euro surged 1.8 percent this week against the dollar through Friday because European Central Bank President Mario Draghi said the […]
Read moreOnline ad fraud is a growing problem, and even huge platform companies like Google and Verizon‘s Oath are not immune. Google-run tests found fraudulent companies selling ad space on premium websites they did not have access to, or on fake versions of real websites, as first reported by Business Insider. The fraudulent ad space was […]
Read moreAthenahealth CEO Jonathan Bush sounded an upbeat tone about the company’s efforts to address activist shareholder demands for more financial discipline from the medical records and billing software company, thanking them for “constructive feedback” during the company’s second-quarter earnings conference call Friday. “Metamorphosis is hard and I have been doing a lot of thinking about […]
Read moreAmazon’s pricing practices are now reportedly being probed by the Federal Trade Commission, fresh off Google’s record-crushing $2.7 billion fine over competitive practices in Europe. But while regulators might be dubious, Amazon’s wide-reaching business is still nowhere near a monopoly, according to Ethan Kurzweil, a partner at Bessemer Venture Partners. “I don’t think they’re a […]
Read moreCustomers are buying generic brands more than ever in stores, but they’re not buying as many online. For now, at least. Last year, trips to a brick-and-mortar store that included the purchase of a private label product grew 1.1 percent, according to Nielsen. Online, that number fell 1.7 percent. However, just 12 percent of shoppers […]
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