A successful outcome of U.S. talks with North Korea could give a boost to Chinese stocks and a U.S. exchange-traded fund that tracks them, according to a historical study looking at financial market reactions to past milestones regarding the rogue nation. A disappointing outcome could hurt European stocks, the study showed. President Donald Trump is […]
Read moreMarkets are counting on a successful summit between President Donald Trump and North Korean leader Kim Jong Un when the two hold a historic meeting in Singapore on Tuesday. But expectations are low for a detailed plan, laying out denuclearization on North Korea’s part. Strategists mostly expect a positive spin and a prelude to future […]
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A surge this week has Tesla racing back to levels not seen in three months and reversing a sell-off that had wiped out a year’s worth of gains. The charts suggest its comeback is just getting started, one technical analyst says. “Tesla likes to consolidate and then thrust higher,” TradingAnalysis.com’s Todd Gordon told CNBC’s “Trading […]
Read moreCheck out which companies are making headlines before the bell: Verizon – Verizon named chief technology officer Hans Vestberg as its new CEO effective August 1, replacing Lowell McAdam, who will remain as executive chairman through the end of the year. Vestberg is the former CEO of Sweden’s Ericsson. Facebook – Facebook said a software […]
Read moreEmerging market stocks are sinking, and one portfolio manager is urging more caution. Chad Morganlander, portfolio manager at Washington Crossing Advisors, told CNBC’s “Trading Nation” that emerging markets could fall further. Here’s why. • One large emerging markets-tracking ETF, the EEM, has fallen 1.5 percent this year amid a gradually strengthening U.S. dollar and concerns […]
Read moreThe euro is unlikely to see a massive upswing next week as central bankers meet to discuss the end of monetary stimulus in the region, analysts have told CNBC. The common currency has been recovering from political shocks over the last few days, hitting its highest level on Thursday since May 15, at $1.1838. This […]
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Apple is considered the likely winner of the $1 trillion market-cap crown. One technician has a bullish call for an Amazon breakout that could push the e-commerce giant above that level, too. “Amazon, quite frankly, is in an outstanding technical and fundamental position. It is a two-way star. It is Shohei Ohtani. It pitches and […]
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Shares of Procter & Gamble rose 2 percent Thursday after Trian Partners’ Nelson Peltz indicated his proposal for reorganizing the company was gaining traction. “It’s really under very serious consideration,” Peltz said of Trian’s white paper, which describes how P&G could improve its business with measures such as reorganizing the company into three autonomous units, […]
Read moreTrian Partners’ Nelson Peltz praised President Donald Trump on Thursday for his tough stance on trade. “The president is doing some really brave things,” Peltz said at The Deal conference in New York City, run by CNBC’s “Mad Money” host Jim Cramer. The Trump administration is pushing several countries on trade, including China, where it […]
Read moreAs we reach the midpoint of what’s been an eventful and at times uncertain year, one thing is clear: Volatility has returned. Global stock markets fell as much as 9 percent between January and March, with implied volatility rising to levels seen only three times since the global financial crisis. Investors with whom I speak […]
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