Attention spans may well be shortening, but evidence suggests that staying engaged and focused on the long term still pays. Literally. Investors are not immune to an epidemic of short-termism. Figures from the World Bank indicate that average holding periods for stocks are four times shorter today than they were in 1980. Investors are also […]
Read moreJim Cramer hates days like Wednesday when the stock market seems to reel at ostensible milestones like the Dow Jones average crossing above 22,000. The “Mad Money” host said that action like that will likely draw more erroneous comparisons to the dotcom bubble of 2000, which he maintained is far from what we are seeing […]
Read moreThe Dow jumped across the 22,000 marker for the first time Wednesday, and a wave of earnings news Thursday could keep it going. The Dow crossed 22,000 107 trading days after it crossed 21,000, on March 1. Since then, Boeing has contributed more than 370 points of its gain; McDonald’s 180 points and UnitedHealth, 170 […]
Read moreWith everybody’s noses tucked into their smartphones, Groupon CEO Rich Williams said that even his discount-centered online marketplace is rapidly shifting to mobile. “The transition to mobile for our business has been profound, and now we’re close to two-thirds mobile in terms of transactions,” Williams told “Mad Money” host Jim Cramer on Wednesday. After delivering […]
Read moreCheck out which companies are making headlines after the bell on Wednesday: Tesla shares gained 6 percent after the company reported a narrower-than expected loss. The electric automaker also reported strong revenue amid deliveries of its Model S sedans and Model X SUVs. Shares of Fitbit gained as much as 8 percent after the company […]
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By some measures, investors are more crowded into technology stocks than ever before. Information technology is the best-performing sector this year. Shares of Apple just surged on its earnings Tuesday, sending the Dow Jones industrial average to new heights. And according to a new Bank of America Merrill Lynch report, mutual funds’ exposure to technology […]
Read moreThe Dow Jones Industrial Average reached a new milestone, hitting 22,000 during the trading session on Tuesday, but there was less money than you might think riding on the venerable stock index’s latest rise. While the Dow remains the most-watched snapshot of market bullish or bearishness, the DJIA has little to no actual role in […]
Read moreCould an August surprise be in the cards? August is typically lousy for stocks — it’s the worst month for the S&P 500 since 1987, according to the Stock Trader’s Almanac. The bulls are hoping they can confound all expectations and pull out another monthly advance. The hope is that the market will continue to […]
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The dollar dropped 0.77 percent against the euro on Wednesday, hitting its lowest level against the common currency in more than two-and-a-half years. The euro traded at $1.1876 against the greenback as of 2:06 p.m. in New York. The euro also broke above $1.19 for the first time since Jan. 6, 2015. The dollar index, […]
Read morePapa John’s tepid second-quarter earnings report on Tuesday wasn’t enough to deter shareholders on Wednesday. Shares of the company spiked 12.5 percent after the company said that it was raising its leverage over the next 12 months and would be repurchasing $500 million in shares. “The stock is likely to react favorably when Wednesday’s trading […]
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