The Investors Intelligence Bull/Bear ratio has climbed back above 4 for the first time since April 2015 — which ironically may serve as a bad sign for the market. “It does make me nervous, because we’re getting very, very frothy on these social indicators,” trader and strategist Boris Schlossberg of BK Asset Management said Monday […]
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Morgan Stanley reported third-quarter earnings Tuesday that topped expectations after its wealth management business posted strong results, while its fixed income and equities traders navigated a tough environment better than peers at firms such as JPMorgan. The bank reported: Earnings per share of 93 cents versus 81 cents projected by analysts polled by Reuters. Revenue […]
Read moreCNBC’s Jim Cramer often sees the stock market as a fashion show in which stocks fall in and out of style depending on investors’ sentiments at the time. Few stocks embody this back-and-forth better than General Motors, the automaker whose shares were effectively unloved from 2014 to this August, when the stock suddenly broke out. […]
Read moreWhile CNBC’s Jim Cramer hasn’t exactly been a bull about major legislation passing through Congress, he can’t deny that President Donald Trump’s administration has been good for stocks. “After eight years of democratic rule, businesses feel a lot more confident about an administration that wants to roll back every regulation in the book,” the “Mad […]
Read moreMounting credit concerns and lethargic profit margins will plague “weak” Citigroup earnings over the next two years, said one Wall Street research firm. Societe Generale reduced its rating on Citigroup shares to sell from hold Monday, citing deteriorating credit trends and increased loan loss provisions as detailed in the bank’s most recent earnings report. “Although […]
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Oil prices closed in on the highest level in six months as a conflict in Iraq spilled over into one of the nation’s key crude-producing hubs. Iraqi forces on Sunday launched a campaign to retake control of the area surrounding Kirkuk, an ethnically diverse area controlled by the semiautonomous Iraqi Kurdistan region. Government troops took […]
Read moreA race to dominate the rapidly growing smart bike market is on: Pioneering, unicorn-financed Chinese start-ups Ofo and Mobike are facing off in the United States with pumped-up Silicon Valley-based rival LimeBike. Freshly loaded with $50 million more in investment and geared up to launch in 10 more U.S. cities this year, LimeBike is pedaling […]
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Tech has been on a tear this year, and closely watched chart analyst Carter Worth is eyeing one name for an even bigger breakout: Facebook. Facebook along with Apple, Alphabet, Microsoft and Amazon are the top five stocks in the S&P 500 by market cap. Despite the Nasdaq 100 ETF, QQQ, hitting record highs on […]
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“Take a look at your coverage for auto, home, liability, etc. to be sure you have enough — and not too much — and that you’re not overpaying. Look at whether you could drop some deductibles to save on premiums or if you have some unnecessary ‘extra’ features in your policy that are adding up. […]
Read moreThe MSCI China Index is roaring this year, up 49 percent. Yet it has a long history of booms and busts. It soared almost 150 percent from 2006 through 2007, then fell 51 percent in the 2008 crash, then recovered 68 percent in 2009–2010, only to fall 18.2 percent in 2011. Since then, it’s bounced […]
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