It’s been a tough year for Chevron shareholders, and one trader is betting on even more pain ahead. Energy is the worst-performing sector in 2017, with more than 90 percent of its constituents trading in a correction or worse, including Chevron. The stock was feeling even more pressure this week after CEO John Watson announced […]
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Pipeline and energy infrastructure companies face operational challenges in the coming years even as U.S. crude oil drilling recovers and a natural gas export boom gets underway, consulting firm Bain & Company says in a new report. While there is demand for new infrastructure, three trends in the industry could trip up pipeline companies, Bain […]
Read moreBanks are making what could turn out to be an expensive bet that interest rates will stay low for several more years. The level of loans and securities with a duration of longer than three years is at 35.4 percent of total assets, according to data the FDIC released this week. That’s near the highs […]
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Aerospace defense company United Technologies may be targeted by an activist hedge fund, according to a vague report on Wednesday. “An unidentified hedge fund — possibly the New York billionaire’s investment firm Third Point — has been quietly buying up shares of the defense contractor, pressuring it to spin off non-core businesses,” NYPost reported citing […]
Read moreCopper has soared about 19 percent this year, and Vertical Research Partners’ Mike Dudas says the metal has more room to run. “It has had a really strong move over the last 6 to 7 weeks, so I wouldn’t be surprised to see if there’s a little bit of a bad data point in China, […]
Read moreAfter more than a decade as an asset manager for large multinational banks, a Brazilian, Márcio Appel, wanted to make it on his own. The political and economic upheaval in his country was not going to deter him. Even on the heels of a new scandal erupting in May that rocked the markets, the hedge […]
Read moreMKM Partners raised its return expectations for Alibaba over the next year, declaring that the Chinese e-commerce company has the “best fundamentals of the mega-caps.” “We continue to rank Alibaba our top pick among Internet mega-caps and think the company has the best fundamentals of the group,” wrote MKM managing director Rob Sanderson. “We think […]
Read moreInvestors aren’t taking President Donald Trump‘s threat to pull out of a trade agreement with Canada and Mexico “fully to heart,” closely followed trader Art Cashin said Wednesday. Speaking Tuesday evening at a rally in Arizona, the president said he doubts the United States can reach a deal to renegotiate the North American Free Trade […]
Read moreCitron Research’s Andrew Left, who gained attention for successful bets against companies including Valeant Pharmaceuticals, reiterated his negative call and $45 price target for Motorola Solutions. Left confirmed he is currently short shares of the communications equipment maker in an email to CNBC. Tweet Link A Motorola Solutions decline to $45, would represent a fall […]
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The retail stock carnage among Amazon’s victims is one of the biggest market stories during the past year. But the Wall Street firm that was early in calling out the risk for some retailers with its prescient “Death by Amazon” index in 2014 is now saying there are companies that can survive the e-commerce giant’s […]
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