Housing stocks are on a tear this year, and it may not be too late to get in on the rally. One large-cap homebuilders ETF, the XHB, has advanced 25 percent in 2017 and has climbed to its highest level in over 11 years. Its top holdings, D.R. Horton and PulteGroup, have gained a whopping […]
Read moreEnergy stocks are about to play catch-up to the rest of the market, one strategist says. Larry McDonald, founder of the Bear Traps Report investment newsletter, has been watching closely the apparent disconnect between strong global growth and lagging oil stocks. After all, domestic and international stock markets are near all-time highs, he pointed out. […]
Read moreIt drives CNBC’s Jim Cramer crazy when people say that stocks are dangerous and overvalued “at this point in the cycle.” “I put air quotes around that phrase because whenever people say it, I feel like they’re trying real hard to put the stock market in the context of some sort of game,” the “Mad […]
Read more
The retailers that are being crushed by Amazon have rallied in the past two weeks ahead of the holiday shopping period, but if history is a guide, they could underperform again after Thanksgiving. Bespoke Investment Group’s “Death by Amazon” index includes 62 brick-and-mortar retailers whose businesses have been hurt by Amazon and internet shopping. Since […]
Read moreStocks are overpriced, but that may not be a problem, Peter Costa, president of Empire Executions, told CNBC on Tuesday. It seems that no matter what, the market continues to drive higher and higher. On Tuesday, the S&P 500, the Dow Jones industrial average, the Nasdaq composite and the Russell 2000 all closed at record […]
Read moreWhen CNBC’s Jim Cramer talks about the “era of good feelings,” he’s not referencing the U.S. history books. “No, I’m talking about this week of Thanksgiving, where the buyers pay up and the sellers walk away,” the “Mad Money” host said. “It’s almost as if there’s a selling ban.” Cramer found more than a few […]
Read moreBank of America Merrill Lynch sees a scary good news-bad news scenario unfolding in 2018: A solid push higher in the first half followed by all sorts of potential trouble after. The S&P 500 would peak out around 2,863 in the scenario, or about 11 percent higher than Monday’s close. Bond yields are expected to […]
Read moreThe stock market is in for another strong year in 2018 so long as Congress is able to pass tax reform, according to a Goldman Sachs forecast. With tax reform, the S&P 500 should close next year at 2,850, a healthy 10.4 percent gain from Monday’s close, the Wall Street investment banking giant said in […]
Read moreShares of shoe retailer DSW fell 11 percent Tuesday after the company posted earnings below Wall Street expectations. The footwear company reported earnings of 45 cents per share in the third quarter, below the 53 cents analysts surveyed by Thomson Reuters expected. DSW also reduced its fiscal 2017 earnings expectation to a range of $1.40 […]
Read more
“Robust demand” for Boeing’s commercial aircraft presents a compelling investment opportunity, according to a Jefferies analysis. A persistent pileup of commercial jet orders will lead Boeing to grow deliveries 6 percent annually through the next 10 years, Jefferies analyst Sheila Kahyaoglu said in a note toclients Tuesday. She reiterated her buy rating and bumped up […]
Read more