It’s a comparison no one wants to hear — that this stock market bears striking similarities to that of 1929. The observation is coming from Nobel Prize-winning economist Robert Shiller, who’s been arguing valuations are extremely expensive. But instead of predicting an epic stock market crash, he’s finding reasons to be optimistic. “The market is […]
Read moreThough hedge funds often signal a freewheeling, shoot-from-the-hip investment style, for the most part these investment vehicles aim to dampen volatility. They do it by using various strategies that are supposed to provide protection from market volatility and sometimes even positive returns during market declines. “Someone who is concerned about the downside may want to […]
Read moreCheck out which companies are making headlines before the bell: FedEx: FedEx has lowered its 2018 earnings guidance to account for the impact of a cyberattack. The shipping company also said on Tuesday that Hurricane Harvey impacted its fiscal first-quarter results. FedEx now expects earnings of between $11.05 and $11.85 per share, below its previous […]
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Todd Gordon thinks the market rally is about to cool off, but he’s got a way to play the S&P 500 in case that happens. “Markets don’t always go up or down,” the TradingAnalysis.com founder said Tuesday on CNBC’s “Trading Nation.” Sometimes “they go sideways, and you can actually use that sideways consolidation to your […]
Read moreGlobetrotters, rejoice! While the S&P 500 has performed well this year, with the index of U.S. large-cap stocks rising nearly 12 percent to hit a series of record highs, international equities have performed even better. The popular iShares ETF tied to the MSCI EAFE index and known by its EFA ticker has surged almost 19 […]
Read moreAll major indexes are sitting at record highs, but for those looking for what could cause the next downdraft, one strategist says they are missing the big picture. “I think if you talk to investors and you listen to the narrative, it’s all about one macro risk point to another,” Joe Zidle said Tuesday on […]
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Global asset prices are “possibly the most elevated” in history, Deutsche Bank strategists said in a sweeping new report about the frequency of financial crises and shocks throughout history. This kind of “gross overvaluation in both equities and bonds” is of particular concern right now to Boris Schlossberg, managing director of foreign exchange strategy at […]
Read moreNike sneakers are piling up on retailers’ shelves due to poor demand, according to one Wall Street firm. Susquehanna lowered its rating for Nike shares to neutral from positive on Tuesday, citing increasing promotional activity for its shoes. “The performance of key marquee basketball product has slowed, as Nike continues to barrage the market with […]
Read moreAmid devastating hurricanes, North Korean missile launches and political upheaval in Washington, equities in the U.S. simply keep jitterbugging their way toward fresh peaks. For 8½ years now, every dip has been followed by a push past the previous high. Yet at some point, even as investors continue reaping the benefits of a market climb […]
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Shares of two big-name retailers on the comeback trail just got upgraded by Wall Street analysts. Oppenheimer research raised its rating on Michael Kors to outperform. The firm also hiked its price target on the stock to $55, which is 23 percent higher than Monday’s $44.65 closing price. Credit Suisse upgraded upgrade Gap Inc. to […]
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