Hurricanes Harvey and Irma did a number on the September job report. That the storms hit job growth hard during the month is no surprise, and while there was much uncertainty over how bad the hit would be, it was worse than most economists, including me, anticipated. The biggest economic casualties of the storms were […]
Read moreChipotle’s September launch of the queso will not be enough to turn around the burrito restaurant chain’s sales, according to one Wall Street firm. Cowen reiterated its underperform rating for Chipotle shares, predicting the company’s third-quarter sales will come in below expectations. “With proprietary survey data indicating Chipotle’s quality perceptions are near trough levels, we […]
Read moreWhy in the world would Major League Baseball home run statistics track the U.S. stock market? It’s tempting to dismiss such a finding as a wild coincidence or a fluke, but as you can see in the chart, the relationship between the two has persisted for nearly 150 years. What’s more, it gets even stronger […]
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The bonds market is closed Monday due to the Columbus Day holiday. Please see below for Friday’s story. U.S. government debt yields jumped Friday after metrics in the latest Labor Department jobs report showed budding signs of inflation. The closely watched average hourly wages figure rose by an annualized 2.9 percent, a faster pace than […]
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Investors in U.S. stocks are surely pleased with their gentle climb this year. But do they truly appreciate just how extraordinarily generous the market has been? The amount of upside gain with hardly any downside pain so far makes 2017 one of the best buy-and-hold environments of recent decades. The S&P 500 is up 14 […]
Read moreThe stock market surging to record highs has nothing to do with the GOP promise of tax reform, CNBC’s Jim Cramer said Friday. “I disagree with the analysis that it’s the tax code,” the “Mad Money” host said. “It’s about worldwide expansion. It’s not about what is happening in this country.” Some analysts on Wall […]
Read moreCNBC’s Jim Cramer actually gets worried when Wall Street analysts “throw in the towel” on given stocks for one reason or another. “Why do these towel-throwers scare me? You might think it’s always a good thing when the bears surrender or the bulls lose patience, but if the stock market does take a downturn — […]
Read moreAs oil exports from the United States reach record highs, Mark Siegel, the executive chairman of Patterson-UTI Energy, told CNBC that the trend shouldn’t worry commodity-watchers. “I think everybody starts to think that there’s an abundance whenever somebody’s starting to do well,” Siegel told “Mad Money” host Jim Cramer in an exclusive interview on Thursday. […]
Read moreCheck out the companies making headlines after the bell: Costco shares tumbled nearly 2 percent after hours, despite the company posting higher-than-expected fourth-quarter earnings. Yum China‘s stock increased 1 percent in extended trading after the company reported better-than-expected third quarter earning and CEO Micky Pant announced that he will step down on March 1. Meanwhile, […]
Read moreHow much more can we pack on to the markets? That’s the question the trading community is asking Thursday as we hit new highs in the S&P 500 for the sixth straight day … the longest streak of record closes since 1997. Here’s the witch’s brew that has been powering stocks forward: Tax cuts: Tax […]
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