Wall Street titan Jeff Vinik told CNBC on Friday there’s still plenty of money to be made in the stock market despite record high levels. “Look at the economic conditions we have right now. We’ve got good economic growth, and we have low inflation,” said Vinik, once head of the largest U.S. mutual fund, Fidelity […]
Read moreCheck out which companies are making headlines before the bell: Apple – Apple reported quarterly profit of $2.07 per share, compared to consensus estimates of $1.87. Revenue also beat forecasts and Apple also gave strong current-quarter guidance. Shipments of iPhones, iPads, and Mac computers all came in above Street projections. Separately, long lines have been […]
Read moreI’m watching the Russell 2000 closely, as it’s begun diverging from the S&P 500 recently, and that could signal trouble ahead for the broader market. The small-cap Russell 2000 typically moves in tandem with the S&P 500, and has begun underperforming. While the small caps have fallen nearly 1 percent over the course of the […]
Read moreCNBC’s Jim Cramer has been following the bull market in payment processing and the rise of digital transactions for a while, pounding the table on plays like Visa and PayPal. But there are more ways to play the global cash-to-credit shift besides credit card companies and payment processors, so Cramer decided to analyze Global Payments, […]
Read moreCNBC’s Jim Cramer knows that sentiment matters when stocks are constantly being driven higher by a raging bull market. But the “Mad Money” host also knows that sentiment is extremely difficult to measure. Financial newsletters, which often lean bullish or bearish, are falling out of style. Mutual fund data offers an empirical look, but can […]
Read moreThe long-awaited tax bill has finally arrived, and it does indeed reduce the corporate tax rate to 20 percent from 35 percent. But buried in the bill (page 217 of the 429-page bill) are a few short paragraphs that appear to limit the deductibility of corporate debt. The outcome of this is not exactly clear, […]
Read moreCliff Asness believes financial markets will offer weak returns from these levels. “More expensive markets lead to lower expected returns,” Asness said at the 2nd Annual Evidence-Based Investing conference in New York on Thursday. He added “both stocks and bonds [will offer] lower expected returns than normal.” Asness predicts investors with a balanced portfolio of […]
Read moreShares of T. Rowe Price and other asset managers rose Thursday after the House Republican tax plan preserved popular retirement savings plans, including 401(k)s. Shares of the T. Rowe rose 1.8 percent Thursday after slipping roughly 4 percent over the past two weeks on fears that legislators in Washington were considering reforms to the popular […]
Read moreBond yields fell and the dollar weakened as markets greeted the House tax bill with skepticism and concern about how hefty corporate and individual tax cuts will ultimately get paid for without ballooning the federal deficit. Details of the House plan trickled out with traders watching headline by headline. The plan cuts the corporate tax […]
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U.S. crude prices retreated after coming within striking distance of their 2017 high on Wednesday, raising questions about whether a rally that started in June has reached its peak. On the one hand, the trend of future oil prices suggests that a prolonged global glut of crude is coming to an end. But at these […]
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