Only 45 percent of American citizens have a passport, which implies that 55 percent of Americans only travel domestically. Slowly, however, Americans are warming up to the virtues of international travel, as 2016 was a record year for Americans traveling overseas. Similarly, many U.S. investors are disinclined to look outside of the United States for […]

Check out which companies are making headlines before the bell: Chevron – The energy giant’s stock was downgraded to “market perform” from “outperform” at BMO Capital Markets after the stock reached the firm’s $120 per share price target. BMO said Chevron does have promising growth prospects but not enough to justify a widening valuation premium. […]

Another day, another Dow milestone. It took a little more than 2 months to go from Dow 22,000 to Dow 23,000, even if we closed a few points shy. In the last 18 months, the Dow has gone from 18,000 to 23,000, which means the Dow has moved 1,000 points every 3.6 months on average. […]

With the Dow Jones industrial average surging through the 23,000 level for the first time ever, CNBC’s Jim Cramer offered investors a piece of contrarian food for thought. “Here’s something you never hear from anyone: Maybe stocks are cheaper than we think,” the “Mad Money” host said. “When we see gigantic Dow Jones components jumping […]

As investors get more confident about the latest leg of the stock market rally, one Wall Street strategist is growing more concerned. “This is kind of how bull markets end,” Savita Subramanian, equity and quant strategist at Bank of America Merrill Lynch, told CNBC during an interview Tuesday. “What we’re in right now is this […]

Global fund managers are making big bets on higher interest rates, but they are not expecting U.S. tax reform to bring significant gains to the stock market or other risk assets. According to the monthly Bank of America Merrill Lynch survey, global fund managers are rotating into banks and Japan and out of utilities, bonds […]

Performing well over the course of a couple months, or in a particular market environment, is one thing. But the true test of a stock market star is whether a consistent track record of exceptional returns can be maintained over the course of several years. Within the S&P 500, five stocks pass that test with […]

General Electric may likely cut its dividend soon as it looks to simplify its businesses and streamline its accounting under a new CEO after years of “financial engineering,” according to Goldman Sachs on Tuesday. “Our fresh look at GE’s fundamentals leaves us incrementally bearish, as we see a significant EPS/FCF reset and a potential dividend […]

The flow of U.S. investment to Greece is taking on a new urgency as the Trump administration looks to shore up economic and defense cooperation with a key NATO ally. On Tuesday, Oct. 17, President Donald Trump will meet with Greek Prime Minister Alexis Tsipras to discuss these issues. Foreign Minister Nikos Kotzias, Defense Minister […]

Check out which companies are making headlines before the bell: UnitedHealth Group – The nation’s largest health insurer reported adjusted quarterly profit of $2.66 per share, ten cents a share above estimates. Revenue was slightly short of forecast, but the company is also predicting full-year profit of $10 per share, 13 cents a share better […]