Traditional money managers are racing to sell their own exchange traded funds as investors continue to pour money into a business that has been dominated by a handful of giant fund companies. “The industry is following the flows. Passive strategies and smart beta are gaining market share and no one wants to be left out […]
Read moreU.S. crude oil production hit an all-time high last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy Information Administration reported on Wednesday. That just slightly topped a […]
Read moreOne year after the U.S. presidential election, CNBC’s Jim Cramer says President Donald Trump is unlikely to hurt the stock market. “When you have a president who grades himself by how stocks do, you know he’s just not going to hurt the market,” Cramer said Wednesday on “Squawk on the Street.” “Most of the president […]
Read moreJPMorgan shared with clients its favorite department store stock picks ahead of a slew of earnings reports in the next week. While analyst Matthew Boss expects “mixed performance” across his coverage, a number of “wildcards” should keep investors on their toes through year-end. “With the heart of third-quarter earnings kicking off Thursday with the Department […]
Read moreActivision Blizzard’s “Call of Duty: WWII” game sales are coming in significantly above last year’s iteration of the blockbuster franchise. The game publisher announced Wednesday this year’s “Call of Duty” game sold more than $500 million worldwide in its first three days of sales or double the unit sales of last year’s three-day launch weekend. […]
Read moreSquare has surged 167 percent this year alone, but Fort Pitt Capital senior equity analyst Kim Forrest says it could be time to pump the brakes on the payment stock. “We don’t own it, and this looks like a very dangerous momentum stock,” she said Tuesday on CNBC’s “Power Lunch.” “Momentum people love growth, and […]
Read moreCheck out which companies are making headlines before the bell: Humana – The health insurer earned an adjusted $3.39 per share for the third quarter, 12 cents a share above estimates. Revenue was slightly below forecasts, but Humana also raised its full-year earnings forecast on the strength of its Medicare Advantage business. Regeneron Pharmaceuticals – […]
Read moreChinese internet giant Tencent has taken a roughly 10 percent stake in Snapchat parent Snap, according to documents released Wednesday. In a quarterly filing with the Securities and Exchange Commission, Snap said Tencent notified the company this month of the purchase. Tencent runs the WeChat messaging app, as well as online payment platforms and games. […]
Read morePresident Donald Trump likes to claim credit for the stock market rally, but there are other factors at work. He gets partial credit, but only partial. The Trump trade gave a dramatic boost to the market shortly after the election one year ago Wednesday. While the components of that trade are still alive, others are […]
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It’s been exactly one year since President Donald Trump was elected and investors in defense stocks have benefited greatly. The aerospace and defense industry has risen more than 40 percent since Nov. 8, 2016. The only two industries that have outperformed defense are computers and peripherals and semiconductors. Of the 11 stocks in the defense […]
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