JPMorgan is advising investors to bet against shares of electric car-maker Tesla because the company is likely raise more capital, diluting its stock. Also, competition from other automakers will increase, with some established auto giants looking to reap benefits from government subsidies, wrote analyst Ryan Brinkman. “Tesla will face several milestones in 2018 relative to […]
Read moreNational Association of Home Builders CEO Jerry Howard told CNBC on Friday he’s much more optimistic about the Republican’s tax overhaul after a meeting with key lawmakers. Howard said last month his members were “irate” about a proposed plan in the House bill to slice the mortgage interest deduction in half, to a maximum of […]
Read moreThe financial sector’s version of the NASDAQ finally climbing over its dot-com bubble high looks like it’s about to happen. That’s a big deal not just for bank stocks but for the market as a whole. Breakouts are great for investors who are looking for a powerful trend. And the longer it takes for a […]
Read moreInternet stocks have crushed the market this year and one top Wall Street firm believes the sector can go even higher next year. JPMorgan analyst Doug Anmuth shared his top internet stock ideas in a note to clients Friday. “Heading into 2018, we expect fundamentals to remain strong in online advertising & eCommerce, with both […]
Read more
Apple shares have fallen more than 2 percent from its recent high, but one would be wise to buy the dip, says Todd Gordon of TradingAnalysis.com According to Gordon, Apple has actually fallen into a “corrective support,” where the stock is sitting in the middle of an uptrend parallel channel, suggesting it is neither overbought […]
Read moreCME announced Friday its new bitcoin futures contract will be available for trading on Dec.18. The CME announcement came as the Commodity Futures Trading Commission said it will allow the world’s largest futures exchange and its competitor, the Cboe Futures Exchange, to launch bitcoin contracts. A Cantor Exchange also self-certified a new contract for bitcoin […]
Read moreCurrency, United States Finance
Nobel winner Joseph Stiglitz says UK trade talks with Trump ‘a waste of time’
The Nobel Prize-winning economist Joseph Stiglitz has said it would be a “waste of time” for the U.K. to negotiate a trade deal with U.S. President Donald Trump. Stiglitz said in an interview with the BBC that the U.K. could not put faith in a deal with Trump. “No, I think it would be a […]
Read moreNow that we’re in December, one portfolio manager says the best way to position oneself in the new year is with a combination of passive and active investment. Plus, said Chad Morganlander, portfolio manager at Washington Crossing Advisors, getting into “boring, quality names” with rising dividends will benefit investors most. Here’s why. With tactical asset […]
Read moreThis is a big day. With the Senate nearing a vote on its tax bill, corporate tax cuts are getting much more real. Aside from the global economic expansion and the record earnings this expansion is producing, the biggest marginal mover for the stock market has been tax reform. If you doubt this, note that […]
Read moreToshiba and Western Digital are close to settling a legal dispute that has threatened to become a major stumbling block in the embattled Japanese conglomerate’s plans to sell its $18 billion semiconductor unit, media reported. Toshiba agreed in September to sell the unit, the world’s second biggest producer of NAND chips, to a consortium led […]
Read more