Merck shares dove after multiple firms downgraded the company, citing delays in lung cancer trial results and a withdrawal of the company’s application to market oncology drug Keytruda for lung cancer in the European Union. The company announced Friday after the closing bell that it was pulling its application, a decision analysts at SunTrust Robinson […]
Read moreJapan, the world’s third-largest economy, may finally have put its deflationary past behind. Mired in malaise for more than three decades, the Japanese economy is showing signs that stimulus and reform policies under Prime Minister Shinzo Abe — known as Abenomics — are kicking in. Gross domestic product expanded for six straight quarters through June, […]
Read moreCheck out which companies are making headlines before the bell: Lennar – The home builder bought rival CalAtlantic Group in a stock swap deal valued at $5.7 billion, excluding assumed debt. The combination creates the largest home builder in the U.S. as measured by both revenue and market capitalization. Apple – Apple is on watch […]
Read moreGeneral Motors shares dropped in premarket trading Monday after Goldman Sachs downgraded the automaker to a sell rating and predicted a big pullback in the stock ahead. “Looking ahead into 2018 and given the current valuation level, we see a downward inflection in GM earnings and consequently downgrade shares to sell,” wrote analyst David Tamberrino […]
Read moreApple’s success over the next year will depend heavily on how the iPhone X fares. Ultimately, we think it’s a make or break story for Apple. The iPhone mix and average selling price (ASP) will be the biggest driver of Apple shares in the next year, which we expect to be favorable to the overall […]
Read moreAs the world’s population starts to live longer, there’s one industry set to capitalize on retirement plans. The asset and wealth management sector is set to reach $145.4 trillion in assets under management by 2025 as governments step back from helping people saving for retirement, a report by PricewaterhouseCoopers (PwC) showed Monday. Global assets under […]
Read moreWith investors more interested in cyclical stocks that do well when the global economy is growing, CNBC’s Jim Cramer revisited Coca-Cola to check on the beverage maker’s prospects. Shares of Coca-Cola are hovering around their 52-week high, but as money flows out of consumer stocks and into industrial and technology names, the “Mad Money” host […]
Read moreCheck out which companies are making headlines before the bell: Merck – The drugmaker earned an adjusted $1.11 per share for the third quarter, beating estimates by eight cents a share. Revenue did fall short of forecast, however. Merck reported a nearly tripling of sales for its cancer drug Keytruda, but also said a cyberattack […]
Read moreA crisis that climaxed 20 years ago Friday rattled the NYSE floor and changed global investing. For the first — and only — time, systemwide circuit breakers shut the market before the official 4 p.m. close. It was 2:40 p.m. on Monday, Oct. 27, 1997, and the NYSE trading floor had shut down. The Dow […]
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Todd Gordon is seeing something in the markets that he says is about to drive JPMorgan to new record highs. The financials sector is trading at 10-year highs. The TradingAnalysis.com founder says the recent rally in bond yields is reinforcing the surge in big banks, and there are hints of even more upside to come. […]
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