The rumor that President Donald Trump‘s chief economic advisor, Gary Cohn, would leave the administration, widely circulated before being denied by the White House, is not the only reason why stocks dropped as much as they did Thursday, Wall Street veteran Art Cashin told CNBC. A cloud over the Trump administration’s image and ability to […]
Read moreAre the markets in trouble? Not yet, but there’s some cracks. We’ve seen something in the last two weeks we haven’t seen in some time: a succession of selloffs. Last week, we saw a familiar phenomenon: a brief 1 percent dip in the market that turned around within a couple days. But on Thursday we […]
Read moreCiti’s commodities research team has tempered its outlook for oil prices over the next five years, but it sees room for price shocks if oil supply disruptions increase dramatically or fall off significantly in the coming years. The bank had projected in February that U.S. crude prices would likely trade mostly in a range of […]
Read moreWith stocks hovering around record highs, investors have been on the watch for signs that enthusiasm is getting out of hand. However, the source of real market bubbles could be in some less obvious places. Two areas stand out: initial coin offerings for cryptocurrencies, which are getting plenty of attention due to their meteoric price […]
Read moreThe “Fast Money” traders shared their first moves for the market open. Tim Seymour and Dan Nathan were a buyers of Disney. Brian Kelly was a buyer of silver. Guy Adami as a buyer of Cisco. Trader disclosure: On August 16, 2017, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s […]
Read moreThe markets would crash if top White House economic adviser Gary Cohn resigns, Yale School of Management’s Jeffrey Sonnenfeld told CNBC on Thursday. “I don’t want to be an alarmist, but there is a lot of faith that he is going to help carry through the tax reform that people are looking for,” Sonnenfeld said […]
Read moreAfter a rough year so far, Target shareholders may have some hope, according to one Wall Street firm. MKM Partners raised its rating on the retailer to buy from neutral, citing the company’s successful online and new store format initiatives. Target is “looking like a better competitor to Amazon,” analyst Patrick McKeever wrote in a […]
Read moreTensions in Washington may not derail an important piece of legislation that could drive stocks further into record territory, according to the manager of $400 billion in assets. Eaton Vance’s Eddie Perkin is betting that the Trump tax cuts will become a reality, and he’s positioning his portfolio to cash in on it. “There is […]
Read moreCheck out which companies are making headlines before the bell: Wal-Mart – The retail giant reported adjusted quarterly profit of $1.08 per share, a penny a share above estimates. Revenue was also ahead of Street forecasts. Comparable-store sales in the U.S. were up 1.8 percent, in line with estimates, and Wal-Mart raised the lower end […]
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Emerging market stocks look ready to run higher, going by chart analysis and economic fundamentals, according to a long-time investor. Tim Seymour, managing partner at Triogem Asset Management, pointed out that in the last week, the relative performance of the iShares MSCI emerging markets ETF — EEM — to the S&P 500 hit its highest […]
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