Check out which companies are making headlines before the bell: Harley-Davidson – Bernstein downgraded the motorcycle maker to “market perform” from “outperform,” saying demographic studies point to a “long, uphill ride” to sustainable unit growth. ABM Industries – ABM struck a deal to buy privately held janitorial services rival GCA Services for $1.25 billion in […]
Read moreU.S. stock markets aren’t offering the best opportunity and investors should taking bets against them, a chief information officer at a London-based investment manager has told CNBC. Patrick Armstrong, the CIO at Plurimi Investment Managers, believes that very high valuations, an expected tightening in monetary policy and too much optimism over tax cuts and new […]
Read moreGold could be the next asset to break out. Michael Dudas, a Wall Street analyst who has followed precious metals and miners for decades, predicts gold is on the cusp of recovering its losses. “I think this is a good time to get back into the mill,” the Vertical Research analyst said Tuesday on CNBC’s […]
Read moreFar from being a hot tech stock, the best-performing stock in the Dow Jones industrial average this year is a stalwart that action-seeking traders may not think about too much: Boeing. Year to date, Boeing shares have surged 32.5 percent. Over the past year, the aircraft manufacturer has enjoyed a 56 percent rally, making it […]
Read more
Amazon stock was lower on Prime Day and some of the retailers it has been crushing were moving higher Tuesday, but the longer term trend shows its competitors hitting rock bottom. Amazon’s own stock was down about 0.7 percent Tuesday, as the company offered shoppers hundreds of deals on the shopping holiday it concocted to […]
Read more
Active managers, rejoice. Analysts at Citi put together a chart that illustrates how the correlation among stock returns in markets like the United States is at its lowest level since 2000. Here’s the chart: “This should bode well for active management performance and indeed year-to-date, global active management performance for the median manager is positive,” […]
Read moreThe outsized yet fleeting move lower in the stock market after the release of Donald Trump Jr.’s emails that set up a meeting with a Russian lawyer was not confirmed in a flight to safer investments such as bonds and gold, Wall Street veteran Art Cashin told CNBC on Tuesday. The thin summer volume in […]
Read moreAs stocks continue to scale new heights in an 8-year-old bull market, BlackRock strategists say investors still aren’t taking enough risk. The world’s biggest asset manager, handling some $5.4 trillion for clients, dismissed fears that the equity rally is at risk of derailing due to old age and complacency. Instead, its experts believe that many […]
Read moreJefferies has a bullish view on the biotechnology sector, releasing a list of stocks it says are poised to climb entering 2018. “We are fundamentally positive on the Biotechnology sector,” wrote Jefferies analyst Michael Yee in a note on Tuesday, noting it has lagged other sectors, has been underweighted by institutions, and is not expensive […]
Read more
The U.S. dollar looks ready to turn from loser to leader. Strategists say the beaten-up dollar could be in the process of making a turn higher, thanks to Federal Reserve policy. The currency was at a four-month high against the yen Tuesday and was rising against a basket of currencies. The dollar index was up […]
Read more