Times of economic difficulty tend to bring up talk of “safety stocks,” but in times of economic prosperity, CNBC’s Jim Cramer sees that narrative flip. “What if the definition of safety is changing right before our eyes? What happens when what’s prudent suddenly becomes what’s reckless and what used to be reckless becomes responsible?” the […]
Read moreBridgewater Associates founder Ray Dalio said Thursday that his firm is invested in the stock market but cautious on bonds. In an interview on Bloomberg Radio, the hedge fund manager was asked if he is predicting a bear market. “No. We’ve been long equity markets,” Dalio said. The investor did note risks are rising as […]
Read moreThe U.S. dollar has limped through most of 2017, but suddenly the greenback is surging. That could mean a day of reckoning is at hand for investors who piled into what’s been among the hottest market trades of the year: international stocks. The greenback has climbed by about 1 percent against the euro and near-3 […]
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Thursday marks the busiest day for earnings as a number of tech titans report. Alphabet, Amazon, Intel and Microsoft release earnings after the bell Thursday. The four companies combined represent 25 percent of the Nasdaq 100, and have a combined market cap of nearly $2 trillion — and there are two names in particular that […]
Read moreActivist investor Nelson Peltz said Wednesday the fierceness of a company’s fight against an outsider likely indicates how poorly the business is doing. “I believe that there is a direct correlation between how poorly a company is doing and how big of a fight they put up,” Peltz, CEO and founding partner of Trian Partners, […]
Read moreInvestors are panicking over Celgene’s new long term sales guidance. The shares of the biotech company opened down 17 percent Thursday after it reduced 2020 sales guidance to range of $19 billion to $20 billion from its previous forecast of more than $21 billion. Celgene also lowered its 2020 earnings-per-share guidance to more than $12.50 […]
Read moreA raging stock market has investors more satisfied with their finances than they have been in decades. Financial satisfaction hit a 24-year high in the third quarter, thanks to a booming stock market and a big pool of open job opportunities, according to an index compiled by the American Institute of CPAs. The index tracks […]
Read morePeople are “underestimating” bitcoin and it has “great potential left,” billionaire investor Peter Thiel said on Thursday. Speaking at the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel compared the cryptocurrency bitcoin to gold. “I’m skeptical of most of them (cryptocurrencies), I do think people are a little bit … underestimating bitcoin especially because … […]
Read moreCheck out which companies are making headlines before the bell: Comcast – The NBCUniversal and CNBC parent reported adjusted quarterly profit of 52 cents per share, two cents a share above estimates. Revenue was slightly short of forecasts. The company said it lost 125,000 video customers during the quarter, although it gained 214,000 new high-speed […]
Read moreThe flashing sell signal that isn't, Wall Street bull Tony Dwyer says ignore surging market optimism
It’s often regarded as an ominous trend in the market, but it’s not discouraging one of Wall Street’s biggest bulls. In a new note, Canaccord Genuity’s Tony Dwyer highlights the latest Investors Intelligence Newsletter survey, which finds 62 percent of market newsletter writers are bullish — a historically high number. Even though a high number […]
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