Credit Suisse released the firm’s best current stock picks to its clients in a mid-year update. The report is Credit Suisse’s “one-stop shop” for their research team’s best stocks and summaries pertaining to each selection. Each pick is based on a six- to 12-month time month horizon and represents a “snapshot” of the analysts’ thinking. […]
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Gold prices tumbled to their lowest level in nearly five months Friday on the back of stronger-than-expected employment data. Futures for August delivery dropped 1 percent to $1,210.60 per ounce, reaching levels not seen since March 15. The precious metal was also on track for its fifth-straight weekly loss, its longest losing streak since December. […]
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Goldman Sachs warned its clients that if President Donald Trump does implement a protectionist trade policy, it could start a global trade war and lead to a market drop. The firm mentioned recent news reports that the administration may be considering tariffs on imports. In the event of a trade conflict, the bank recommends investors […]
Read moreJefferies is predicting that PepsiCo will beat its estimate for second quarter earnings per share despite indications of soft core sales and continued troubles in emerging markets. “Emerging market malaise persists and US Nielsen data was notably soft, which we expect to drive tepid ~2% org sales growth in 2Q,” Jefferies analyst Kevin Grundy wrote […]
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JPMorgan‘s stock could reach $100 a share soon and it’s thanks in part to rising yields, CNBC’s Jim Cramer said Friday. Cramer spoke as the yield on the 10-year Treasury notes rose in choppy trade Friday morning following the Labor Department’s jobs report. The report said the U.S. economy added 222,000 jobs in June, well […]
Read moreFundstrat’s Tom Lee on Friday became the first major Wall Street strategist to formally lay out his views on bitcoin. The digital currency could be worth as much as $55,000 by 2022, Lee said in a report titled “A framework for valuing bitcoin as a substitute for gold.” Bitcoin has more than doubled in value […]
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History shows that industrial stocks like United Technologies rally after large beats on the headline jobs figure. The nonfarm payrolls report Friday showed the addition of 222,000 jobs to the U.S. economy in June, topping the consensus estimate of 179,000 from economists polled by Reuters. That’s a beat of 43,000 jobs. Five trading days after […]
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Silver futures suddenly dropped Thursday evening before quickly bouncing back in another so-called “flash crash” that renewed fears that computer-driven trading has gone too far. Around 7:05 p.m., ET, the contract for September delivery plunged 11 percent lower from $16.14 per troy ounce to $14.34, according to FactSet. Silver traded near $15.89 per troy ounce […]
Read moreIf you’re among the many mutual fund investors who just received a semiannual shareholder report, be sure to take a look before you toss it in the recycling. “There’s a treasure trove of information in these reports,” said certified financial planner Avani Ramnani, director of financial planning and wealth management at Francis Financial. “Some of […]
Read moreBack in the fall of 2015 I was asked to do a segment on CNBC’s Closing Bell. I had been on the show countless times over the years and found myself fighting bearish sentiment as the market climbed higher and higher. I remember getting into ‘loud conversations’ with my good friend Rick Santelli about the […]
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