As much as U.S. technology stocks have climbed this year, their Chinese counterparts have surged far more as investors are drawn to the world’s second-largest economy. Among the big Chinese tech stocks traded in the U.S., messaging app Momo, e-commerce site JD.com and its bigger rival Alibaba have each gained nearly 80 percent or more […]
Read moreBack in the late 1960s and the early 1970s, investors went gaga over 50 large-cap blue chip stocks called the Nifty Fifty. These equities were often described as “one decision” trades that you bought and kept for life. At their peak, the NIfty Fifty were trading at 42 times earnings — more than twice the […]
Read moreWith a nearly 30-percent gain in 2017, shares of industrial products maker Handy & Harman are outpacing hot stocks like Google-parent Alphabet and Visa. Yet few on Wall Street have ever heard of the $412-million market-cap company, in large part because no sell-side research analysts publish any estimates of its earnings. That lack of information […]
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Financials stocks are set to surge higher in the coming year due to rising dividends and bigger share buybacks, according to Goldman Sachs. “We believe 2017 will mark an inflection point in the amount of capital the Fed allows financials firms to return to shareholders … This is the first year that certain money center […]
Read moreWidely followed hedge fund titan Leon Cooperman said Monday his biggest position is a familiar name. The head of Omega Advisors told CNBC that his favorite stock now is Google parent Alphabet, which has been a market leader during a huge year for stock stocks. “The only negative is it’s owned by everybody,” Cooperman said […]
Read morePaul Singer and some of his fellow hedge fund hotshots may not like it, but ETFs are continuing to rake in investor cash and are on their way to another record-setting year. In fact, the $3 trillion industry ended July with $273 billion of inflows this year, within just $13 billion of setting a new […]
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Goldman Sachs economists say the outlook for jobs is even better than they thought, and unemployment could go as low as 3.8 percent next year. The firm’s economists, in a note over the weekend, talked about a labor market “overshoot,” with the trend in job growth remaining in the 150,000 to 200,000 range, twice its […]
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Carl Icahn‘s bet on an obscure biofuel credit is going south and threatens to leave an energy company he controls with a big unpaid bill. The wager is remarkable because Icahn’s role as a special advisor to President Donald Trump has directly influenced the price of the credits he is betting on. The fact that […]
Read moreCheck out which companies are making headlines before the bell: Tyson Foods – The food producer earned an adjusted $1.28 per share for its latest quarter, 10 cents A share above estimates. Revenue also exceeded forecasts as the company’s beef and pork segments performed well. Marriott – The hotel chain has struck a joint venture […]
Read moreSeveral signs are pointing to soft earnings and economic growth, according to Gina Sanchez, CEO of Chantico Global. “I’m specifically looking at the divergence between the soft data, like consumer confidence, and the hard data, like retail sales. Consumer confidence was pacing well above retail sales for many months now, and we are starting to […]
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