Ford is unlikely to surprise to the upside in the next year because new CEO Jim Hackett’s proposals may not have a measureable impact until 2020, according to one Wall Street firm. RBC Capital Markets on Monday reduced its rating on Ford to sector perform from outperform, saying the automaker is still “very early in […]
Read moreYou may have heard about the concept of “alpha” — that extra bit of performance a manager can generate, through skill, on top of ordinary market returns. Tax alpha, on the other hand, is the outperformance that an investor can achieve by taking advantage of all the available tax-saving strategies. Obviously, the bigger the tax […]
Read moreClosely followed strategist Jim Paulsen told CNBC on Monday he’s worried that economic data could stop supporting the stock market’s bull run. “The economy has been doing so good for so long now that even if it continues to do well, it won’t any longer be a surprise,” said Paulsen, chief investment strategist at Leuthold […]
Read moreCheck out which companies are making headlines before the bell: Aramark – The food services company struck two weekend acquisition deals for privately held companies. Aramark is buying food and supplies company Avendra and uniform provider AmeriPride Services for a total of $2.35 billion. Avendra is 55 percent owned by hotel operator Marriott International. Apple […]
Read moreShares of hospital operators and health insurers took a plunge in trading Friday after the White House killed key Obamacare payments to health insurers. Tenet Healthcare was a big loser among hospital stocks, dropping nearly 5 percent, while insurance provider Molina Healthcare fell more than 4 percent. President Donald Trump announced late on Thursday the […]
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Shares of electric utility company PG&E plunged 7.7 percent Friday on concerns its power lines may have started the massive wildfires that have ravaged California recently. The stock was also on track for its worst day since September 2010. The California Public Utilities Commission sent a letter on Thursday to PG&E — California’s largest electrical […]
Read moreFischer’s resignation takes effect Friday, a move he announced in September that he attributed to “personal reasons.” His departure comes two days before his 74th birthday. Former President Barack Obama nominated Fischer to the Fed in October 2014. During his tenure, the central bank began its first steps toward policy normalization after the extreme accommodation […]
Read moreWith stock market indices setting new records weekly, some nervous investors are wondering how much longer prices will head higher. There are multiple forces that could derail the current rally, from rising interest rates to the next global crisis. But if history is any guide, an ongoing rebound in the global economy is likely to […]
Read moreFrom July to mid-September, North Korea launched five missile tests, including two intercontinental ballistic missiles. More recently, the North Korean threat has taken a backseat to hurricanes and tax reform as stock market triggers, and major indexes are touching new record highs. But “Little Rocket Man” will be back, as will headlines attributing short-term volatility […]
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General Motors is poised to recoup ground it lost to Tesla and prove to investors that it’s not a “dying dinosaur” in the age of high-tech automobiles, according to a top Wall Street firm. Barclays raised its rating on GM’s shares to overweight from neutral on Friday, predicting that the company will recast itself in […]
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