The iconic motorcycle company Harley-Davidson is running out of options on how to respond to a mix of declining sales and potentially devastating tariffs, Jaime Katz, senior equity analyst at Morningstar, told CNBC. She said moving some of its operations overseas may be the logical solution. “In order to fail to alienate their consumers overseas, […]
Read moreThe S&P 500 could finish the year with a strong rally — but in the meantime, the market is not out of the woods yet, Wall Street veteran Byron Wien told CNBC on Tuesday, a day after stocks were clobbered on the latest twist in the U.S.-China trade saga. Wien, vice chairman of Blackstone Private […]
Read moreCrude oil can go even higher after it spiked above $70 per barrel Tuesday for the first time since May. The latest jump came after the State Department ordered allies to halt their imports from Iran by November. This tightens supply heading into the second half of the year and into 2019; given these conditions, […]
Read moreThey may have to start passing out neck braces on trading floors if the White House’s contradictions on trade policies continue much longer. Investors are getting whiplash from watching the back-and-forth happening among Trump administration officials who can’t seem to agree on a trade policy. Monday’s action featured a series of mixed messages about President […]
Read moreCompanies who buy Iranian crude oil must completely cut those exports by the start of November or else they will face powerful U.S. sanctions, a senior State Department official told reporters on Tuesday. Oil prices spiked following the announcement, which indicates that the Trump administration will not allow countries to gradually phase out Iranian crude […]
Read moreTechnology stocks in the U.S., with generally higher valuations compared with the broader market, are fairly priced in the current environment, Richard Turnill, global chief investment strategist at BlackRock, told CNBC on Tuesday. “When we talk about this market trapped in a range … and then you look at share prices of many tech companies […]
Read moreShares of Intel fell more than 1 percent on Tuesday after Bernstein downgraded the stock and slashed its price target, citing a narrow path for further gains and uncertainty following the abrupt departure of its CEO. Analyst Stacy Rasgon lowered his rating on Intel to underperform from market perform and slashed his price target on […]
Read moreHoly chips! The SMH semiconductor ETF tumbled nearly 4 percent on Monday in its worst daily performance since April. The ETF, which houses 25 of the largest U.S.-traded chips stocks, is on track for its first negative quarter since the third quarter of 2015, and according to one technical analyst, it’s about to get worst. […]
Read moreNo one knows with certainty where the market is headed on a daily, monthly or yearly basis. While you can always find an example of an active investment manager who beat the market for a year or two, it’s nearly impossible to find evidence of any manager doing so on a consistent basis over the […]
Read moreCheck out the companies making headlines before the bell: General Electric – GE announced plans to spin off its health-care unit, selling 20 percent and distributing the rest to shareholders, and it will also exit its stake in Baker Hughes over the next two to three years. Today is also the first time since 1907 […]
Read more