Morgan Stanley’ research team highlighted several “high conviction” stock picks for investors ahead of the second quarter earnings season. The firm’s analysts highlighted 15 stocks in their note on Wednesday. “The team observes that recent revisions have been strong in Technology, Industrials, Health Care and Utilities, and weak in Energy, Discretionary and Materials,” the note […]
Read moreMKM Partners derivatives strategist Jim Strugger told investors Facebook is his best current earnings options trade idea. The call comes right after he won big on his Netflix earnings recommendation earlier this week. Earnings season is among the most volatile times for short-term traders and this one will be no exception with many cult stocks […]
Read moreTesla said SolarCity co-founder Peter Rive is leaving the company, eight months after the electric car maker bought the biggest U.S. residential solar panel maker. SolarCity was founded by Peter Rive and his younger brother Lyndon in 2006 with financial backing from their cousin and Tesla chief Elon Musk. Former SolarCity Chief Executive Lyndon Rive […]
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Call it the crude comeback. Oil is tracking for its second positive month of the year, and with the commodity now up 12 percent from its late June low, technician Scott Redler says we could be witnessing a major turnaround for crude and it could be a key driver for the markets this summer. “What […]
Read moreVerily — formerly Google Life Sciences — began releasing bacteria-infected male mosquitoes in Fresno, California. The release marks the launch of Debug Fresno, a field study that aims to rid the central California county of Aedes aegypti mosquitoes. Also known as yellow fever mosquitoes, they first arrived in the area in 2013 and are known […]
Read moreSenior Trump administration officials said on Wednesday they wanted to break down barriers to sales of U.S. products to China and secure more U.S. company access to the Chinese economy to rebalance what they say is an unfair trading relationship. At the start of annual summer economic talks between the world’s two largest economies, U.S. […]
Read moreOn the campaign trail, Donald Trump deemed NAFTA “the worst trade deal maybe ever signed anywhere” and pledged to redo the whole accord or scrap it altogether. It turns out, though, that Trump seems pretty content with the status quo. On Monday the White House released a 17-page summary of its objectives for renegotiating NAFTA, […]
Read moreGoldman Sachs owes its poor trading performance this year at least in some part to a slew of wrong-way forecasts about the direction of markets. The first half of 2017 saw Goldman’s strategy team put out wrong calls about dollar and commodity strength and the expectation that government bond yields would be on a strong […]
Read moreCurrency, United States Finance
Terminally ill British baby Charlie Gard granted US 'legal permanent residency'
The ongoing battle for treatment for Charlie Gard has taken a new turn, with a U.S. amendment being passed Tuesday granting the terminally ill British baby “legal permanent residency,” in the U.S. TWEET Gillian Christensen, press secretary for the United States Citizenship and Immigration Services, told CNBC via e-mail that: “We are aware of the […]
Read moreShares of Scripps Network Interactive jumped 16 percent as both Discovery Communications and Viacom have reportedly expressed interest in acquiring the lifestyle broadcast company. Interest from Discovery revives a potential deal the two companies scrapped in 2014, The Wall Street Journal reported Tuesday. And Reuters reported that Viacom also recently held talks to buy Scripps. […]
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