The bull market’s future may come down to just one economic chart. According to economic forecaster Lakshman Achuthan, the trend between income and spending growth is signaling trouble is already here. “These are two of the key coincident indicators of what defines the economic cycle,” he said Monday on CNBC’s “Trading Nation.” “What we see […]
Read moreCheck out the companies making headlines before the bell: Netflix – Netflix shares are under pressure, after its membership growth numbers came in well below analysts’ forecasts. The video streaming service reported quarterly profit of 85 cents a share, beating the consensus estimate of 79 cents a share. Revenue was below Street forecasts. UnitedHealth – […]
Read moreThis earnings season is likely to be more volatile than the market is preparing for, according to Goldman Sachs, which outlined a tactical plan for clients looking to play the latest financial numbers. Analysts at the bank highlighted a number of stocks they believe investors should consider during a month typically rife with surprises. “We […]
Read moreBig banks continue to be a profitable group despite being immensely disliked on the Wall Street, CNBC’s Jim Cramer said Monday. “I think this group is hated,” Cramer said on “Squawk Box,” shortly after Bank of America reported better-than-expected second quarter earnings. “More hated than I’ve seen than any other time other than 2009 and […]
Read moreBlackRock’s Larry Fink said Monday he is concerned that the overall stock market is being driven up by just a few technology shares. The S&P 500 is up nearly 5 percent, but the lion’s share of that gain comes from a small number of technology stocks. Amazon, Netflix, Microsoft and Apple are responsible for 83 […]
Read moreStocks still have plenty of room to run, but there is some risk ahead for investors, Guggenheim Partners Executive Chairman Alan Schwartz warned on Monday, “We’re in the eighth or ninth inning of the bull market. Those innings can be strong,” said Schwartz, the former CEO of Bear Stearns, which nearly collapsed during the 2008 […]
Read moreInvestors on Monday cheered the lifting of a U.S. supplier ban on China’s ZTE, pushing its shares up 17 percent, though analysts cautioned the telecommunications equipment maker still faced many challenges as it works to revive its business. The U.S. Commerce Department on Friday lifted a crippling ban on American firms selling parts to ZTE—imposed […]
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Oil prices extended early losses on Monday, falling towards $69 a barrel, after Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran, despite U.S. sanctions on the Middle Eastern country. “We want people to reduce oil purchases to zero, but in certain cases if people can’t do […]
Read moreUBS swapped out its pick of parcel delivery services Monday, raising its near-term outlook on UPS stock to a “buy” rating while lowering its rating on shares of FedEx to “neutral.” FedEx “is exposed to risk from tariffs and potentially slower trade activity,” UBS analysts wrote in a note. About 55 percent of FedEx revenue […]
Read moreTarget-date funds are all the rage among retirement investors, making it easy to spread money among stocks and bonds and to rebalance as conditions change. Total assets in this sector topped $1.1 trillion at the end of 2017, up from $158 billion at the end of 2008, according to Morningstar. But is this too much […]
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