A daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are down after Friday’s record closing highs. We get consumer credit data this afternoon. -President Trump will focus on the economy as he speaks to the American Farm Bureau convention in Nashville today. TRUMP TRADE -President […]
Read moreCheck out which companies are making headlines before the bell: Snap — Analysts at Jefferies downgraded the social media company’s stock to “hold” from “buy,” with analysts noting that “fundamental execution needs to be shown before we can be more positive on the name.” Pandora — Morgan Stanley downgraded the music streaming service to “equal […]
Read moreThe year 2017 was a good year to be an investor. The Dow Jones Industrial Average just passed through the 24,000 level for the first time ever. The S&P 500, a broader measure of the market, finished higher in November, making it 13 months in a row of gains, also a record. Both indices are […]
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Shares of Pandora fell more than 4 percent in the premarket Monday after Morgan Stanley downgraded the stock and raised concern about the company’s revenue growth for 2018. “Growing ad revenue in ’18 is no longer a given as Pandora faces engagement and monetization challenges,” said analyst Benjamin Swinburne, who lowered his rating on the […]
Read moreShares of Caterpillar rose in premarket trading Monday after J.P. Morgan upgraded the stock, citing expectations for another strong year ahead in light of the Republican tax reform. “Although we missed out on Caterpillar’s outperformance in 2017, we believe that there is still significant upside to the stock,” analyst Ann Duignan wrote in a note […]
Read moreAnother Wall Street firm is getting less bullish on Snap. Jefferies on Sunday lowered its rating for Snap shares to hold from buy, citing the company’s full valuation. “We continue to have optimism around Snap’s platform, but fundamental execution needs to be shown before we can be more positive on the name,” analyst Brent Thill […]
Read moreUnited Technologies shares are ready to outperform the Dow Jones industrial average mightily this year after the aerospace leader trailed the benchmark the previous 12 months, Goldman Sachs believes. Goldman upgraded United Technologies to buy from neutral to start the week. The firm’s new 12-month price target of $173 represents a gain of 31.5 percent […]
Read moreRepublicans scored a major legislative victory by passing their sweeping overhaul of the tax code in record time. Now, they face a task that could be just as daunting: selling the law to the American people. After spending millions of dollars last year to advance the legislation, GOP advocacy groups are unleashing millions more to […]
Read moreThe Dow and S&P 500 aren’t the only ones to post a record week to start the year. Global markets like Japan’s Nikkei and the German DAX also had strong starts to 2018. Some market watchers see opportunities abroad as equity valuations in the U.S. appear historically stretched. The emerging markets ETF, the EEM, just […]
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To be aggressively optimistic on this stock market now is to bet that it can challenge the greatest bull market of all-time — the one that ended in early 2000. In terms of its cumulative gains, persistence, valuation and the public’s exposure to stocks, only the final years of the 1990s advance sit at higher […]
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