Kohl’s stock has gotten ahead of itself and it’s time to “step aside,” according to Citigroup, which downgraded the company to neutral from buy on lingering fears of weak traffic. “Outside of a major announcement of their partnerships expanding (which could help traffic), Kohl’s still has a challenge to drive traffic on its own,” analyst […]
Read moreJ.P. Morgan Private Bank’s Stephen Parker is highlighting three groups that could outperform as interest rates climb. His first top pick: energy. “If you go back and look historically near the end of a cycle, energy has almost always outperformed and often times by a pretty meaningful amount,” the bank’s head of thematic equity solutions […]
Read moreWASHINGTON — Stephen K. Bannon, 10 months removed from the job of chief strategist to President Trump and five months after his ouster from the arch-conservative news site Breitbart News, is betting that Bitcoin and other cryptocurrencies can disrupt banking the way Mr. Trump disrupted American politics. Mr. Bannon won’t reveal very much about his […]
Read moreWith one of this week’s major central bank decisions in the books, investors are turning their eye to the European Central Bank’s decision on monetary policy, due out Thursday before U.S. equity markets open. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, told CNBC’s “Trading Nation” on Wednesday what investors should […]
Read moreShares of drugstore CVS Health jumped on Wednesday, a day after a U.S. District Court decided to permit AT&T’s bid for Time Warner in what many on Wall Street are considering a tacit go-ahead for other so-called vertical mergers. The ruling may clear potential roadblocks ahead of the $69 billion tie-up between CVS and health […]
Read moreBond market volatility is on the verge of a comeback, according to Sit Investment Associates’ Bryce Doty. On CNBC’s “Futures Now,” Doty predicted the 10-year Treasury yield won’t stay under 3 percent much longer. “It’s going to be kind of turbulent,” the senior portfolio manager said Tuesday. “I’m still expecting some more white-knuckle moments.” Doty […]
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Twitter got the blue checkmark when it joined the S&P 500 last week, but its big gains have raised some technical flags for one chart watcher. “I like Twitter long term but it’s really extended here right now,” Frank Cappelleri, senior equity trader at Instinet, told CNBC’s “Trading Nation” on Tuesday. “Right now Twitter is […]
Read moreMillennials are going all-in when it comes to using exchange-traded funds in their investment portfolios. In fact, almost everyone — 96 percent — who responded to a recent Charles Schwab survey said they considered the passive index-tracking securities “a necessary part” of their investment strategy, and 91 percent said ETFs are their “investment vehicle of […]
Read moreRH shares skyrocketed on Tuesday after the luxury home goods retailer reported first-quarter earnings well-above estimates and raised its forecast for the year. Shares rose more than 28 percent, putting it on pace for its best day since Nov. 16, 2017. RH was formerly known as Restoration Hardware and has recently shifted its brand to […]
Read moreGlobal fund managers poured money into U.S. equities, overweighting American stocks in June for the first time in 15 months, on a robust profit outlook. Sixty-four percent of the fund mangers surveyed this month by Bank of America Merrill Lynch said the U.S. has the most favorable profit outlook, now at a 17-year high. That […]
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