It looks to be the August of Apple. With a 7.4 percent rise month-to-date, Apple is the best performer in the Dow Jones industrial average, eclipsing the 4.5 percent bump enjoyed by second banana Visa. Tuesday was a particularly sweet session for the tech giant, as Apple shares rose 1.6 percent. Comparing 2017 year-to-date performances, […]
Read more
Technical analyst Todd Gordon is bearish on the market, but there’s one stock he can’t resist. Nvidia is up about 52 percent year to date, although it has had a recent setback. The TradingAnalysis.com founder says the charts are hinting at a possible breakout for semiconductors as a group, and the chipmaker is particularly well […]
Read moreUlta Beauty shareholders should not lose hope despite a difficult year, according to one Wall Street firm. Jefferies reiterated its buy rating on the cosmetics retailer, saying the company’s business model is “defensible” against the rising threat of e-commerce. “Multi-brand online specialists like Amazon and direct-to-consumer businesses from brands are known threats to Ulta’s rate […]
Read moreCheck out which companies are making headlines before the bell: Lowe’s – The home improvement retailer missed estimates by four cents a share with adjusted quarterly profit of $1.57 per share. Revenue also fell below expectations. Comparable-store sales were slightly better than expected, increasing 4.5 percent, but Lowe’s also gave a full-year earnings forecast that […]
Read moreWarren Buffett‘s failure to clinch a $9 billion takeover of the Texas utility Oncor prompted S&P Global Ratings on Tuesday to say the billionaire’s Berkshire Hathaway is no longer at risk of a credit rating downgrade. S&P affirmed Berkshire’s “AA” rating, its third-highest grade, with a “stable” outlook after Sempra Energy struck an agreement with […]
Read moreThe S&P 500 utilities sector just hit all-time highs, and some strategists see further upside for the group of stocks that’s already gained 12 percent so far this year. Equities in the utilities space, typically seen as defensive plays and bond proxies given their high yields, have rallied this year for several reasons, but one […]
Read moreWells Fargo raised its year-end S&P 500 price target citing strong overseas growth and strong second-quarter earnings. The new forecast still calls for lower prices from here. “Earlier this year, we had concerns that investors might fret over potential for a 2018 pickup in inflation and interest rates,” wrote Paul Christopher, Wells Fargo’s head global […]
Read moreAs the Jackson Hole Economic Policy Symposium nears, two strategists are watching the Federal Reserve’s approach to balance-sheet reduction for its potential impact on the markets. The main worry for UBS chief investment strategist Mike Ryan is a disorderly shedding of assets from the Fed. “The concern has always been that they’d do it in […]
Read moreA turnaround for Chipotle shares is nowhere sight, according to one Wall Street firm. Deutsche Bank lowered its price target and reiterated its sell rating for stock of the burrito restaurant chain, saying it doesn’t deserve a premium valuation anymore because of the company’s lack of progress recovering from food safety issues that arose in […]
Read moreAs Wall Street strategists intensify warnings about a looming market pullback, corporate insiders aren’t showing any fear. The recent dip in major averages has brought insiders off the sidelines, even though the S&P 500 was down just a little more than 2 percent from its all-time high heading into Tuesday trading. Argus Research tracks the […]
Read more