Investors should expect a surge in stocks over the next 12-to-18 months before they fall off a cliff amid a recession in 2020, according to Scott Minerd of Guggenheim Partners. “I think stocks will go up another 15-to-20 percent, but ultimately, when the recession arrives — and it will arrive — there’s going to be […]
Read moreDespite a strong earnings season, former Republican congressman Ron Paul is renewing his call for a market meltdown. He sees additional near-term corrections gripping stocks as the budget deficit exposes more vulnerabilities to the United States’ capacity to do business. “The fundamentals show that the spenders are in Washington. They’re alive and well. The deficit […]
Read moreApple shares soared after the company on Tuesday reported better-than-expected earnings and revenue for the last quarter. Apple’s iPhone sales were slightly less then expected. However, the stock has a history of selling off during the trading day following an opening gap higher on earnings. Here’s a wrap of all the major analyst opinion going […]
Read moreThe first earnings season since corporate tax cuts was meant to be the markets’ saving grace. It hasn’t exactly turned out that way. Matt Maley, equity strategist at Miller Tabak, is trying to get to the bottom of the discrepancy. “Everybody’s been saying, ‘Don’t worry, the earnings season is going to bail us out.’ Sure […]
Read moreThe Federal Reserve is expected to give the signal for more rate hikes later this year as it wraps its meeting on Wednesday. The bond market is still struggling with that concept, says Bryce Doty, senior portfolio manager of fixed income at Sit Investment Associates. “It’s going to be a bumpy ride,” Doty told CNBC’s […]
Read moreNikola Motor Co, which makes hydrogen-powered semi trucks, filed a lawsuit on Tuesday against electric automaker Tesla Inc alleging design patent infringements. Tesla’s Semi, its first electric heavy duty truck, is “substantially” similar to Nikola’s design, Nikola Motor said in a court filing. Salt Lake City, Utah-based Nikola claims it was issued six design patents […]
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Semiconductor stocks are breaking down after posting their best year since the financial crisis, and this has negative implications for the broader technology sector. The VanEck Vectors Semiconductor ETF (SMH) is barely positive since the start of 2018, just coming off two months of losses and mired in a relatively weak start to the year […]
Read moreStocks are facing a trifecta of potent issues: the argument that higher earnings are factored into the market (“peak earnings”), that global growth, while still strong, is slowing, and that inflation is picking up. Exactly how much global growth is slowing — if at all — is hotly debated, but the bears have the upper […]
Read moreCryptocurrencies will experience a “heavy correction” of 90 percent leading to a “mass market wipe out,” a technology investment bank predicted in a report seen by CNBC on Wednesday. GP Bullhound’s “Token Frenzy: The Fuel of the Blockchain” report laid out the current state of cryptocurrencies, blockchain technology, initial coin offerings (ICO) and what they […]
Read moreThe long bull run for stock markets could be due a correction, according to one prominent emerging markets investor. “There could be a substantial correction in the markets,” Mark Mobius, founding partner at Mobius Capital Partners, told CNBC’s Joumanna Bercetche Wednesday. A 30 to 40 percent adjustment is “not unreasonable,” he said, speaking on developed […]
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