Private equity and hedge fund firms are lending to companies at the highest rate ever, driving up competition in the sector and forcing funds to look outside the US for more opportunities. Private credit, which has sprouted while post-crisis regulation curtailed the amount that banks were willing to lend, is growing at a rate not […]
Read moreGreg Fleming, who has made a name as one of Wall Street’s most well-known investment bankers and executives, will be leading a new firm. Fleming, the former head of Morgan Stanley Wealth and Asset Management, is teaming up with Rockefeller Financial Services to form Rockefeller Capital Management, according to an announcement from the parent company […]
Read morePuerto Rican bonds took a huge hit on Wednesday following President Donald Trump’s comments on the island’s massive debt. The island’s general obligation bonds, which yield 8 percent, dropped to just 34 cents on the dollar, according to Bloomberg data. On Tuesday night, Trump told Fox News that Puerto Rico’s debt will have to be […]
Read moreWhat we call the technology sector is really an aggregate of many smaller subsectors. For investors, it’s key to look at these subsectors, which may offer unique long-term investment opportunities. When was the last time you had an investment conversation in which no one mentioned one of the so-called FAANGs? Or FAAAMs? That’s the stocks […]
Read moreCheck out which companies are making headlines before the bell: PepsiCo – The snack and beverage giant reported adjusted quarterly profit of $1.48 per share, a penny a share above estimates. Revenue missed forecasts amid a drop in North American beverage business sales, although Pepsi did give a full-year forecast that is above Street forecasts. […]
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When stocks run higher in spite of tragedy and turmoil, CNBC’s Jim Cramer finds it helpful to check in on the CBOE Volatility Index, the market’s fear gauge commonly known as the VIX. “When investors are scared, the VIX shoots higher; when they feel confident, the VIX goes lower,” the “Mad Money” host said. “When […]
Read moreJPMorgan’s top quant said the tax plan released by President Trump and the GOP last week could further boost the stock market if it becomes law. “If we can have tax reform, [the] market’s going to look a little bit cheaper and people will probably go and pick up some value-type stocks,” said Marko Kolanovic, […]
Read moreDespite his decades on Wall Street, sometimes CNBC’s Jim Cramer is downright bewildered by how strongly the market trades regardless of the news flow. “In a stampeding bull like this one, the level of optimism can feel borderline delusional,” the “Mad Money” host said. “There’s a total suspension of skepticism, along with a widespread belief […]
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With a 64 percent year-to-date rally, Boeing is by far the best performer in the Dow Jones industrial average. And Todd Gordon of TradingAnalysis.com says the aircraft manufacturer is about to head even higher. Tuesday on CNBC’s “Trading Nation,” Gordon took a look at a chart of Boeing and pointed to two distinct gaps that […]
Read moreWall Street is betting big on the U.S. economy and it is showing in the S&P 500 today. Some of the best performers in the index were Lennar, Sherwin-Williams, Ford Motor, General Motors and Paychex, all stocks that benefit from strong economic growth. CNBC’s Carl Quintanilla flagged this phenomenon on Twitter: Tweet Sherwin-Williams rose after […]
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