Google-parent Alphabet and online shopping titan Amazon probably will never be members of the Dow Jones industrial average, even though the two companies represent what has become the most dominant sector of the U.S. economy. Questions arose Wednesday about the Dow’s composition, a day after the index’s managers said they were pulling General Electric and […]
Read more
Chinese acquisitions and investments in the U.S. fell 92 percent to just $1.8 billion in the first five months of this year, consulting and research firm Rhodium Group said Tuesday. Counting divestitures, net Chinese deal flow to the U.S. during that time was a negative $7.8 billion, the report said. The decline follows a sharp […]
Read more
After more than a hundred years as a component in the Dow Jones industrial average, General Electric will be replaced by drugstore chain Walgreens Boots Alliance next week. But GE investors may take solace in the recent history of stock price out performance from the companies booted from the Dow. On Tuesday David Blitzer, managing […]
Read moreThe U.S. trade dispute with China, in a round about way, could determine how successful the U.S. will be in sanctioning Iran’s oil this time around — and that uncertainty is also playing out at OPEC. In the tit-for-tat tariff war with the U.S., China said last week it would put tariffs on U.S. oil […]
Read more
Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment. Citi shares are down 17 percent from their 52-week high hit in late January, underperforming Bank of America and J.P. Morgan Chase by 9 percent over […]
Read moreThe Dow is on its longest losing streak in more than a year as the U.S. and China try to top each other’s tariff threats in an escalating trade conflict. But David Spika, president of GuideStone Capital Management, says a far larger risk looming over markets could trigger a “day of reckoning.” “Fears of a […]
Read moreStarbucks’ growth trends will not turnaround anytime soon after the company’s sales guidance reduction, according to Morgan Stanley. The firm lowered its rating to equal-weight from overweight for Starbucks shares, citing the deteriorating sales growth in China and the U.S. On Tuesday Starbucks lowered its global third-quarter same store sales growth forecast to 1 percent […]
Read moreIs someone advising President Trump that this may be a good time to push for tariffs and the threat of a trade war? On the surface, it doesn’t seem to make much sense for the stock market. The two quarters we are in now (second and third) leading to the November midterm elections are the […]
Read moreThe stock market may be on the verge of an even deeper decline. Federated Investors’ Phil Orlando is out with a note suggesting a cruel summer for stocks has arrived. “We’re expecting an air pocket here that will take the market down to let’s say the 200-day moving average over the summer months,” the firm’s […]
Read moreCheck out the companies making headlines before the bell: Winnebago – The recreational vehicle maker earned $1.02 per share for its latest quarter, beating estimates by 11 cents, with revenue well above estimates as well. The company said new products are performing well and that it is also successfully managing its costs. General Electric – […]
Read more