Broadcom’s $103 billion unsolicited offer to buy Qualcomm on Monday was just the latest in a recent binge of large transactions underway or being contemplated as Wall Street reboots its deal-making engine. Also on Monday, CNBC reported that Walt Disney Co. had talked to 21 Century Fox about acquiring its film studio and television production […]
Read moreAs the dollar closes in on four-month highs and West Texas Intermediate crude takes a pause, here are some moves I’m watching for Tuesday. 1. The dollar index is poised for further gains after an aggressive downside rejection on Thursday. If the December dollar index can settle above 95.05, I expect significant upside. Remember, the […]
Read moreVanguard founder and former CEO Jack Bogle is not a believer in trading ‘FANG’ stocks. When asked about Intercontinental Exchange launching a FANG+ index futures contract for traders on Wednesday, Bogle blasted the idea. The product enables investors to trade an index that tracks the performance of Facebook, Apple, Amazon, Netflix, and Google-parent Alphabet, along […]
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President Donald Trump‘s election led to a boom in the stock market and a resulting surge of money into the investment funds. In fact, since the Republican’s victory — Wednesday will mark the one-year anniversary — assets under management for mutual and exchange-traded funds surged about 16 percent, or $2.9 trillion, to $21.1 trillion, according […]
Read moreSince last year’s election, stock market investors have been betting big that President Donald Trump will enact policies that will boost corporate profits, cut taxes, slash regulations and sustain a postelection rally not seen in decades. Now, many investors are still waiting for the White House and GOP Congress to deliver on Trump’s campaign promises. […]
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Snap is soaring ahead of its earnings Tuesday after the bell, and traders are expecting an even bigger move for the stock following its report. Since Snap’s IPO on March 2, shares have fallen more than 12 percent. As the company gears up for its third earnings report as a public company, the options market […]
Read moreThe global stock rally has even more room to run, according to Credit Suisse’s top equity analysts. Global shares should see a healthy 6 percent surge until the middle of next year as a solid macro backdrop and earnings fuel the current wave of “rational exuberance,” according to Global Equity Strategist Andrew Garthwaite. “We have […]
Read moreMorgan Stanley has raised its forecast for oil prices through 2020, saying the world is hungry for more U.S. shale crude at a time when it’s uncertain American drillers can deliver it. The bank now sees international benchmark Brent crude fetching $62 a barrel in the final quarter of the year, up from an earlier […]
Read moreAnalyst Dick Bove is beating up on Goldman Sachs again, recommending that clients sell the investment banking giant’s stock and again calling for the ouster of CEO Lloyd Blankfein. Two recent developments have soured Bove even more on Goldman: It’s decision to drop its market-making role in U.S. options exchanges, and some business dealings with […]
Read more21st Century Fox shares are surging as Wall Street loves the idea of media industry consolidation to compete with Netflix. CNBC reported Monday that 21st Century Fox has been holding talks to sell most of the company to Disney, leaving behind a media company tightly focused on news and sports, according to people familiar with […]
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