It could morph into a vital part of the rally — one that affects the investments at money management firms across America. Eaton Vance portfolio manager Michael Allison says tax reform could help drive stocks up by 5 percent to 10 percent more. “There is some sense of positive movement on tax reform — certainly […]
Read moreIn a market hungry for spin-offs, CNBC’s Jim Cramer keeps an eye out for company break-ups that could prove to be lucrative for investors. That’s why the “Mad Money” host caught sight of the “corporate divorce” between commodity chemical giant Huntsman and its recently spun-off entity, Venator Materials, which came public at $20 a share […]
Read moreSince Sports Authority went bankrupt in 2016, CNBC’s Jim Cramer has watched the sports retail and athletic wear cohort endure widespread weakness. Just this year, Nike shares have inched up less than 1 percent, Columbia Sportswear’s shares are up about 4 percent and Under Armour shares have shed 43 percent of their value. At first, […]
Read moreIn many ways, CNBC’s Jim Cramer finds each trading day in the stock market to be very similar to a good fishing trip. “This is like fishing, catching a 40-inch edible fish every day, each different from the day before,” the “Mad Money” host said about the bounty of high-quality stocks. Wednesday’s catch was the […]
Read moreNearly two-thirds of U.S. oil executives see crude oil prices remaining below $60 per barrel through 2018 and not hitting $70 until at least the next decade, according to a survey published on Wednesday by consultancy Deloitte Services. The survey, based on a poll of 250 executives at companies that produce, transport and refine oil […]
Read moreAs the third-quarter earnings season gets under way, we should all expect to be surprised. There is an overwhelming consensus among Wall Street’s strategists that their brokers’ earnings forecasts, now calling for S&P 500 earnings to rise 4.6 per cent exactly year-on-year, are far too low. The consensus is overwhelming. JPMorgan expects earnings to “outperform […]
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The news for stock pickers just keeps getting better — in addition to the overall great year for the market, one of the biggest trends holding back performance has shown a sharp turnaround. Correlation, or the tendency of stocks to move up and down in lockstep, has hit a post-financial crisis low, according to DataTrek […]
Read moreCNBC’s Jim Cramer said Wednesday that General Electric‘s latest comments about its dividend are not reassuring and he feels “stupid” owning GE stock. In a new GE research note, JPMorgan analysts said they see “a dividend cut or ‘adjustment’ as it is likely termed, as increasingly likely.” A spokeswoman for GE, in response to a […]
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Shares of NBC-parent Comcast dipped slightly Wednesday after President Donald Trump tweeted about challenging the NBC network license. “With all of the Fake News coming out of NBC and the Networks, at what point is it appropriate to challenge their License? Bad for country!” Trump said in a Wednesday tweet at 9:55 am ET. Tweet […]
Read moreKroger on Wednesday reaffirmed its forecast for 2017 amid a growing grocery price war with players like Amazon-owned Whole Foods, Wal-Mart, and low-price leaders Aldi and Lidl. Kroger also announced it’s exploring strategic alternatives, with the help of Goldman Sachs, for its convenience store business, including a potential sale. Kroger operates more than 780 convenience […]
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