Goldman Sachs is worried about rising commodity prices and higher wages, but the firm believes there is still an investment strategy that can outperform. The firm recommended companies with high profit margins and return on assets. That’s because despite the one-time boost to profit from the corporate tax cut, companies face a number of challenges […]
Read moreThis earnings season is likely to be more volatile than the market is preparing for, according to Goldman Sachs, which outlined a tactical plan for clients looking to play the latest financial numbers. Analysts at the bank highlighted a number of stocks they believe investors should consider during a month typically rife with surprises. “We […]
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Netflix is scheduled to report earnings after the bell on Monday, but as much as the stock has surged this year, technician Craig Johnson of Piper Jaffray is warning investors against the streaming giant ahead of the event. “There’s a 9 percent implied volatility move coming into the quarter here,” he said Friday on the […]
Read moreA trend in the bond market that has a long history of foreboding accuracy has kindled talk of a recession, but it could be a long conversation. Current conditions suggest little danger of a significant economic downturn. Consumers and business owners are confident, corporate profits are soaring and the unemployment rate is headed toward the […]
Read moreBig banks continue to be a profitable group despite being immensely disliked on the Wall Street, CNBC’s Jim Cramer said Monday. “I think this group is hated,” Cramer said on “Squawk Box,” shortly after Bank of America reported better-than-expected second quarter earnings. “More hated than I’ve seen than any other time other than 2009 and […]
Read moreHELSINKI — Russian President Vladimir Putin told President Donald Trump Monday that he never meddled in the 2016 U.S. election, the Russian leader said Monday at a joint press briefing. “Once again, President Trump mentioned the issue of the so-called interference of Russia with the American elections, and I had to reiterate things I said […]
Read moreMetals manufacturer Arconic shares spiked on Monday after a report released from the Wall Street Journal said the company was drawing interest from private equity firms. Shares were up as much as 11 percent Monday, making it the biggest gainer in the Standard & Poor’s 500 index. According to a report from the Wall Street […]
Read moreThe 12 Russian operatives indicted by the Justice Department waged a campaign of well-executed espionage and novel technical engineering, coupled with rudimentary computer attacks. That last part is key. Their tools may have been top-notch and their manipulation may have been slick, but the mode of entry was old-school and beatable, according to experts. According […]
Read moreAMD’s new chips will boost the company’s profit margin in its third quarter, according to Stifel. The firm raised its price target for AMD’s stock to $21 from $17 and reiterated its buy rating for the company’s shares. The new price target is 29 percent higher than Friday’s closing price. On Thursday IDC said preliminary […]
Read moreBlackRock’s Larry Fink said Monday he is concerned that the overall stock market is being driven up by just a few technology shares. The S&P 500 is up nearly 5 percent, but the lion’s share of that gain comes from a small number of technology stocks. Amazon, Netflix, Microsoft and Apple are responsible for 83 […]
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