The crude comeback is far from over, according to Todd Gordon of TradingAnalysis.com. WTI crude oil jumped to a seven-week high on Tuesday following bullish supply news from Saudi Arabia and OPEC. The commodity broke above $48 per barrel for the first time since early June. “The crude oil market looks to have found a […]
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With earnings season well underway, Jim Cramer wanted to remind investors of a crucial piece of advice as the results pour in: do not overthink this stock market. For example, when United Technologies issued a strong earnings report, its stock still went down. Chalking it up to earnings season confusion, the “Mad Money” host said […]
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As the U.S. dollar hit a fresh 13-month low in Tuesday trading against a basket of foreign currencies, the S&P 500 surged to an all-time high. Stocks’ strength was largely due to solid earnings reported before the opening bell, though some strategists are forecasting shares will continue rallying as the dollar’s relative value declines. “Weakness […]
Read moreShares of Interpublic dove 12 percent in trading Tuesday, after CEO Michael Roth said “political gridlock” was to blame for his company’s second-quarter earnings miss. The advertising company’s poor report for both earnings per share and revenue largely came from reduced spending by consumer goods clients, according to Roth. “Our results in the quarter reflect […]
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Artificial intelligence, machine learning and robotics are making some real money for stock investors, and beating the market. The Global X Robotics and Artificial Intelligence ETF (BOTZ) is up 30 percent this year and the ROBO Global Robotics and Automation Index (ROBO) is up 25 percent. That’s roughly three times the Dow Jones industrial average‘s […]
Read moreMining stocks led the S&P 500 higher on Tuesday on strong quarterly results and a surge in copper prices. Shares of Freeport-McMoRan and Newmont Mining popped 14.8 percent and 7.1 percent, respectively, outperforming the rest of the S&P. The two were the top performers in the benchmark during Tuesday trading. Freeport posted an adjusted profit […]
Read moreApple’s share of the Chinese smartphone market fell last quarter, according to one analysis, representing the waning dominance of the iPhone ahead of a major milestone. Local brand Xiaomi snagged the fourth-place spot that was held by Apple, leaving Apple at No. 5, according to Canalys, an independent analyst company. Samsung is also in the […]
Read moreThe rise of autonomous driving cars is one of the hottest, most anticipated technology trends for the next decade. Jefferies shared its top picks to ride the self-driving boom and other big car technology changes. “We believe Delphi Automotive and BorgWarner remain best positioned to benefit from ongoing secular auto tech shifts,” analyst David Kelley […]
Read moreTipRanks has identified the top analysts in technology coverage and found which virtual reality (VR) stocks they like the most. TipRanks uses a natural language-processing algorithm to rank analysts based on two factors: average return of buy-sell recommendations and success rate of buy-sell recommendations. TipRanks’ stock screener identified the “best analyst consensus” stocks in the […]
Read moreChipotle shares are down 8 percent in the past week after reports of a Norovirus outbreak in a Virginia restaurant and mice sightings in Dallas sent investors fleeing from the stock. According to Mike Khouw of Optimize Advisors, there has been a huge spike in unusual activity in the options market after the incidents. “We […]
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