Emerging markets are feeling the heat. China is in a bear market, Brazil is closing in on one, and the EEM emerging markets ETF could close out its worst quarter in nearly three years on Friday. Brace for more pain, says one technical analyst. “There’s really a time to own EEM and it’s time not […]
Read moreGeneral Electric‘s dividend will be cut “precipitously” by the end of 2019, one leading analyst predicted to CNBC on Friday. Stephen Tusa, an industrials analyst at J.P. Morgan whose reports have moved the stock before, expects GE’s dividend cut will be in the “30 percent plus range.” “It’s going to get cut, like let’s be […]
Read moreBitcoin might be winning back favor in the public eye. Mohamed El-Erian, the chief economic advisor at Allianz, called bitcoin a buy if its price falls below $5,000. The highly volatile cryptocurrency made waves recently after falling 70 percent from its peak, when the price was near $20,000. But today it’s reaching a point where […]
Read moreThe Dow Jones Industrial Average rallied triple digits in Friday trading, on track to close out the quarter on a high note. Still, the blue-chip index is negative for the year to date, and some of its components have undergone meaningful technical damage in recent months. A select group of underperformers is precisely what Piper […]
Read moreConstellation Brands shares dropped on Friday after the company’s quarterly earnings missed expectations amid lower margins and rising marketing costs. The stock fell 4 percent after the spirits company reported an adjusted quarterly profit of $2.20 per share for its first fiscal quarter, below a Thomson Reuters consensus estimate of $2.43. The Corona beer producer […]
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Investors bailed out of U.S. stocks at a near-record pace in the last week, as money flowing into Treasury bills surged to a 10-year high. Outflows from U.S. stock funds and ETFs totaled $24.2 billion, the third-highest ever, and the $30 billion that came out of global stock funds in total in the past week […]
Read moreWhen technological innovation threatens to upend the status quo, the status quo fights back. Every time. I try to keep that in mind when observing oil industry-backed efforts to discredit electric vehicles (EVs) and dismantle progress on transportation electrification by peddling misinformation through industry-funded studies. To give you a sense of the absurdity of these […]
Read moreWealthy millennial investors have the lowest allocation to stocks compared to other generations. High net worth and ultra-high net worth members of the millennial generation — those who were born between 1981 and 1997 — also have the highest exposure to alternative investments, according to a new survey from U.S. Trust. But wealthy millennials have […]
Read moreCall it the incredible flattening yield curve. The narrowing between the 10- and 2-year Treasury bond yields has intensified this year, leading investors to fear a yield-curve inversion — a development that’s traditionally presaged economic recessions. That’s precisely why the yield curve — and what it implies for the stock market — will be a […]
Read moreAfter tumbling some 70 percent from its peak, bitcoin is reaching a point where even an authority like Mohamed El-Erian thinks it could be a buy. The chief economic advisor at Allianz, considered one of the most influential financial market thinkers in the world, said Friday that the cryptocurrency would be worth considering if it […]
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