In recent months, one of the key themes across the fixed income market, the equity market and beyond is the dreaded “I” word: inversion. More specifically, investors are watching out for a potential yield curve inversion, or when shorter-dated bond yields cross above their longer-dated counterparts. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told […]

Goldman Sachs downgraded its rating on Clorox shares to sell from neutral on Wednesday, casting doubt over the company’s ability to perform through the fourth quarter of this year. “We see unsustainably high relative valuation for Clorox … compounded by” risk to its earnings, Goldman Sachs wrote in a note to investors. Clorox stock slipped […]

Larry Kudlow, President Donald Trump‘s top economic advisor, gave an optimistic view of the economy on Wednesday in which growth will run considerably above what has been the norm for the past decade. Kudlow spoke at CNBC’s Delivering Alpha conference in New York. As part of the administration’s plan to grow the economy, Kudlow said […]

Shares of Amazon ticked higher on Wednesday as Wall Street awaited the final results from Prime Day, the e-commerce giant’s annual sales event. The stock rose 0.1 percent in the premarket after closing at a record high in the previous session. Coresight Research had forecast Prime Day sales to hit at least $3.4 billion. So […]

Investors appear to be warming up to an overlooked area of the fixed income market. Wells Fargo Securities’ George Bory sees a bullish trend in corporate bond demand. “With bond yields being somewhat more stable, we’re actually starting to see an uptick in interest in our asset class. So, there is a little bit of […]

Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported second quarter profit of $1.30 per share, beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share […]

Macquarie Research lowered its rating on shares of Twitter to “neutral” from “buy” on Wednesday, saying the best is behind the stock after moving nearly 50 percent move higher since the firm upgraded the stock in April. “After [the] recent rise in the stock, valuation will likely limit upside from current levels,” the firm said […]

Strategists are looking for stocks to recover their highs and set new records across the board, following Nasdaq’s push to an all-time high on what could have been an ugly market day. Early Tuesday, Nasdaq looked doomed to sink after Netflix‘s disappointing earnings sent it to a steep double-digit loss. But Netflix managed to shake […]

John Traynor, chief investment officer at People’s United Advisors, said investors should watch two major events in 2018: midterm elections and simmering global trade tensions. “We think the earnings growth is very strong, we think the economy is very strong, but you’re being buffeted by those two trends, and they will impact the second half […]

While no one can definitively say where the next financial bubble will occur, Nobel Prize-winning economist Richard Thaler says he’s avoiding making this particular investment: bitcoin. Thaler, known as the “father of behavioral economics,” is a vocal skeptic of bitcoin as a currency. In a new episode of the Freakonomics Radio podcast, Thaler tells host […]