Shares of offshore drilling and services companies surged on Monday after UBS upgraded several stocks in the space and as oil prices hit multi-month highs. Transocean‘s stock jumped 7 percent to nearly $10. Shares of Diamond Offshore were up about 6.5 percent above $14 share. Noble Corporation rose 10.8 percent to trade above $4.50. Ensco […]
Read more
Gold surged Monday after North Korea’s foreign minister accused U.S. President Donald Trump of declaring war. Foreign Minister Ri Yong Ho told reporters in New York on Monday the U.S.’ alleged declaration gives North Korea the right to strike back. Actions could include shooting down U.S. bombers, he said, even when they are not inside […]
Read moreHere’s a bright and booming sector within retail. Off-price retailers — TJ Maxx owner TJX, Ross Stores and Burlington — are expected to see incremental sales growth of $18 billion to $19 billion by 2021, according to JPMorgan. And that boost will primarily stem from the demise of department store chains, analyst Matthew Boss wrote […]
Read moreCheck out which companies are making headlines before the bell: General Motors – Deutsche Bank upgraded the automaker’s stock to “buy” from “hold,” saying GM is poised to benefit from a much-faster-than-expected commercial deployment of autonomous vehicles. The firm also said the potential valuation of GM’s mobility business is “too big to ignore.” Facebook — […]
Read moreIndex funds have eased much of the decision-making process of investing, except when it comes to selecting your strategy. When financial advisor Tim Courtney evaluated a prospective client’s portfolio last year, he found the entire savings was placed in a myriad of different index funds. A good sign — had they not all tracked the […]
Read moreThe market is chugging its way into the last week of September — noted, as we know, for being the worst month of the year historically but now shaping up as just another notch in the bull market’s belt. The Dow has managed to squeak out another 1.7 percent gain that has taken the year-do-date […]
Read moreThis year’s historic market rally may be running out of steam. TIAA Investments’ Brian Nick sees stocks ending the year below current levels. His S&P 500 Index target for the end of 2017 is 2400 — a four percent decline. “That’s been our target the entire year. When we came into the year I’d say […]
Read moreA global investor group on Friday called for an independent investigation into a cyber breach at the U.S. Securities and Exchange Commission (SEC) and urged the regulator to delay new data-gathering rules until it could assure investors that its computer systems were secure. Wall Street’s top regulator came under fire on Thursday after admitting hackers […]
Read moreClosely followed trader Art Cashin told CNBC on Friday that North Korean leader Kim Jong Un will be in “big trouble” without China’s financial backing. On Thursday, Reuters reported that China’s central bank has told banks to stop doing business with North Korea amid U.S. concerns that Beijing has not been tough enough about Pyongyang’s […]
Read moreTiffany’s sales problems are not likely to be fixed anytime soon, according to a top Wall Street firm. Goldman Sachs lowered its rating for Tiffany shares to neutral from buy, predicting difficulties in the company’s higher-end luxury goods segment even though new management is working to revive revenue growth. “We remain constructive that new leadership […]
Read more