Check out which companies are making headlines before the bell: Roku – Roku priced its initial public offering at $14 per share, at the top of the expected range for the maker of streaming video devices. The pricing values the company at about $1.3 billion. Blackberry – The company formerly known best for its iconic […]
Read moreWe haven’t even started third-quarter earnings season, and already the debate focuses on what could be called peak earnings. Is this the top for the cycle of rising earnings that began last year? Not yet, and you can partly thank the renewed prospects for tax cuts. The markets took a leg up to historic highs […]
Read moreAs Lululemon Athletica outperforms its struggling rivals, CEO Laurent Potdevin told CNBC that brick-and-mortar retail won’t fade into obscurity anytime soon for one simple reason. “If you think about the evolution of how people lead their life and the evolution of athletic, mindful lifestyle[s], we know for a fact that people continue to crave human […]
Read moreKnowing when rallies are sustainable is critical to any investor’s portfolio, so CNBC’s Jim Cramer looked back on his decades of experience to pinpoint exactly what makes a rally trustworthy. “There are such things as bad rallies,” the “Mad Money” host warned. But Wednesday’s jump on President Donald Trump’s announcement on tax reform was not […]
Read moreMorgan Stanley’s Mike Wilson currently has one of the loftiest stock market targets on Wall Street, but he also sees a possible bear market on the horizon. Wilson, Morgan’s chief equity strategist, said he expects the S&P 500 to reach 2,700 in the first part of next year, if things unfold as he forecasts. He […]
Read moreIf you think a stock market correction is imminent, think again. At least that’s the message one JPMorgan strategist has for investors. Stephen Parker, head of thematic equity solutions for JPMorgan Private Bank, said that any market setback should be used as an opportunity to buy and given today’s economic environment, investors should embrace rather […]
Read moreCheck out which companies are making headlines before the bell: Nike – Nike reported quarterly profit of 57 cents per share compared to consensus estimates of 48 cents. The athletic footwear and apparel maker’s revenue was essentially in line, but it did post its slowest quarterly sales growth in almost seven years amid intensifying competition. […]
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There’s no reliable way to predict when or exactly why a bull market will finally end. But how the market will behave when a peak is closely approaching tends to follow some broad patterns that can be tracked by investors. Longtime students of the market cite a handful of conditions that typically emerge when the […]
Read moreThe stock market could come within a hair of a correction in the next three months, Wells Fargo says. Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute, sees problems for the S&P 500 as the record year comes to a close. “Our midpoint of our target range for year-end 2018 is […]
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Gold’s shining rally is coming to a close, says TradingAnalysis.com founder Todd Gordon, who is betting against the yellow metal thanks to what he sees in the charts. Tuesday on CNBC’s “Trading Nation,” Gordon explained that there were two reasons why he wanted to be short gold. First, Gordon points to the metal’s inverse relationship […]
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