Trader Todd Gordon sees more record highs ahead for stocks, and he’s got the charts to back him up on it. The TradingAnalysis.com founder says the S&P 500 will move higher and finally break through the relative quiet of the past few months. “I think the consolidation is about over, as we’re heading into earnings […]
Read moreEarnings season begins unofficially Friday. Here’s what to look for: The stock market is holding up because the global economy is improving and earnings are improving. The market turned around in the second quarter of 2016, which is when the earnings recession came to an end, after earnings declined for five straight quarters. The turnaround […]
Read moreNBC’s “The Office” may have been a big hit, but Jim Cramer sees offices today undergoing a style reformation, ditching their shabby cubicles for new-age moving walls and standing desks. That is why the “Mad Money” host decided to compare two of the biggest players in the office furniture space, Herman Miller and Steelcase, to […]
Read moreOn occasion, stock market rallies can be reaffirmed when buyers turn to downtrodden sectors for trades or investments, and Jim Cramer witnessed that on Thursday. “You can always tell you have a decent market when, after a big run, investors take a breather from buying the stocks people love and instead decide to scrutinize and […]
Read moreHealth care stocks have been on a tear lately, after underperforming the overall markets since the presidential election season got underway in the summer of 2015. The sector’s multi-year underperformance ended after a nose dive following the elections (likely on the fear of big changes coming to the Affordable Care Act). As the “Trump Trade” […]
Read more21st Century Fox has seen its shares tank after reports emerged Rupert Murdoch will not strike a new deal with Britain’s culture secretary over his company’s takeover bid of British news organization Sky News. Fox’s preferred stock dropped sharply after The Guardian reported Murdoch’s decision, which delays Fox’s chances to buy the roughly 60 percent […]
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Energy stocks might be on course for another fourth quarter rally this year, in part because investors are too focused on negative headlines, according to Tamar Essner, senior energy director at Nasdaq Corporate Solutions. “It kind of feels like deja vu of last year where energy underperformed for most of the year and then in […]
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U.S. companies in line to bring home trillions in cash stored overseas would use the windfall primarily to pay down debt, return cash to shareholders and do deals, according to a survey released this week. A central part of President Donald Trump‘s tax reform plan is to allow companies to repatriate profits earned abroad without […]
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Stocks may like government gridlock as much as they like potential tax reform. Investment research firm Ned Davis Research found that when the Philadelphia Federal Reserve’s Partisan Conflict Index — a measure of political disagreement in the United States — rises above 100, the S&P 500 has risen at a 11.7 percent annual rate. In […]
Read moreThe Trump administration’s goal to shortly achieve 3 percent GDP would be “challenging,” Federal Reserve Chair Janet Yellen warned Congress on Thursday. Yellen, speaking with the Senate Banking Committee, said that’s because productivity growth is very difficult to move. “In the last five years, productivity growth has averaged a half percent. The last decade, something […]
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