Markets rebounded on Monday, and one trader believes it’s a sign the bull market will rage on. “We’ve seen volatility on the heels of this escalation in tensions with North Korea, but I think it’s buyable,” said Todd Gordon of TradingAnalysis.com, referring to the dip in the markets seen last week as tensions escalated between […]
Read moreAs cruise stocks continue to roar higher this year, Jim Cramer noted that this group seemed to defy the odds of a skeptical analyst community. In particular, Royal Caribbean, Carnival and Norwegian Cruise Line have been strong performers. Yet, in the beginning of 2017, Goldman Sachs downgraded Royal Caribbean to a sell and kept Carnival […]
Read moreThe months of August and September are notorious for dramatic declines in the stock market, and Jim Cramer warned investors to be mentally and financially ready when it happens. Stocks fell last week after a combination of weak retail earnings and bank stock performance spooked some investors. “In the dog days of summer, we can […]
Read moreStanley Druckenmiller’s Duquesne Capital bought Chinese consumer and tech stocks in the second quarter, according to a filing Monday. The billionaire’s hedge fund took a stake in Chinese e-commerce giant Alibaba of 710,000 shares, according to a required 13-F filing with the Securities and Exchange Commission Monday. The hedge fund also took a 597,000-share stake […]
Read moreDanone’s U.S.-listed shares rose nearly 7 percent percent on a report that Corvex Management now owns a stake of about $400 million and rumors surfaced of a possible takeover. Bloomberg reported that Keith Meister’s activist hedge fund has grown its stake in Danone because it thinks the company is greatly undervalued. The fund also reportedly […]
Read moreInvestors should keep following trends in the stock market, one strategist says. “I recently became a kayaker, and I realized that the best strategy in kayaking is often not to paddle too much,” Doug MacKay, Broadleaf Partners president and chief investment officer, told CNBC’s “Power Lunch.” “Let the current or the trends carry you along […]
Read moreAstenbeck Capital Management founder Andy Hall is so highly regarded in the oil trading business that he earned the nickname “god.” But Hall has admitted that the value of his analysis has diminished in an age of automated trading. The rise of machine-based algorithmic trading is injecting so much volatility into oil markets, it’s now […]
Read moreThe yield on the 10-year Treasury note rebounded Monday, climbing modestly from its two-month low hit last week, but some economists and strategists see further decline for the benchmark yield as investors flock to safer assets. The 10-year note’s yield, which was sitting near 2.21 percent on Monday, will likely move lower as pressure builds […]
Read moreBMO Capital Markets sees an ‘open road’ ahead for Camping World Holdings after the outdoors equipment provider increased guidance and reported 20 percent sales growth in its second-quarter earnings report. “As the nation’s largest retailer of recreational vehicles (RV) and related products and services, Camping World Holdings benefits from robust growth in the RV industry,” […]
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Home Depot shares are up around 15 percent this year, but one top technician warns that the big-box retailer could be in trouble as it gears up to report earnings Tuesday before the bell. Fellow big retailers Target and Wal-Mart are also scheduled to report earnings this week, and the options market is implying about […]
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