Since hitting records half a year ago, Wall Street has contended with trade conflicts, European instability and sell-offs in the largest tech companies in the world. Now it’s time to get back to basics, says one of Wall Street’s biggest bulls. “There’s only one thing that really drives the market,” Tony Dwyer, chief market strategist […]
Read moreDavid Stockman is intensifying his bear case. President Ronald Reagan’s Office of Management and Budget director blames a bull market that’s getting longer in the tooth — paired with headwinds ranging from President Donald Trump’s leadership to fiscal policy decisions to questionable earnings. “I call this a daredevil market. It’s all risk and very little […]
Read moreCheck out the companies making headlines before the bell: HP Inc. – The printer and computer maker is expecting to cut up to 5,000 jobs by the end of fiscal 2019 as part of its restructuring program. Signet Jewelers – The jewelry retailer earned 10 cents per share for its latest quarter, compared to a […]
Read moreBillionaire investor Cooperman says he would sell stocks on strength because market is fairly valued
Chairman and CEO of Omega Advisors Leon Cooperman said he would take some profits on his holdings if stocks gained from here because the market is right where it should be based on profits and the state of the economy. “I’m sympathetic to the idea that sometime in the next 12 to 24 months there […]
Read moreThe world’s largest hedge fund has made the astonishing claim that it’s bearish on almost all financial asset classes, according to the website ZeroHedge. The finance blog highlighted a conclusion from Bridgewater Associate’s latest “Daily Observation” note Tuesday, authored by the firm’s co-CIO Greg Jensen. “We are bearish on financial assets as the U.S. economy […]
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Gold could see a quick drop to $1,250 if it breaks below these levels, technician Louise Yamada says
Gold is holding the $1,300 level but any deterioration would likely be the beginning of an even bigger slide, says one veteran technician. “If we can’t hold here and we break the uptrend, there’s a possibility that the price could slide toward $1,250,” Louise Yamada, managing director of Louise Yamada Technical Research Advisors, told CNBC’s […]
Read moreWhat ever happened to “synchronized global growth?” Nobody is suddenly looking for economic recessions in new corners of the globe. But amid a weakening in some global economic data relative to activity in the U.S., there’s no question that a handful of stocks that has been trading within with the “synchronized global growth” theme has […]
Read moreThe economy could continue to expand for another one to three years, but the Trump administration trade policy could prove to be one of the “flies in the ointment” that ends the recovery, according to JPMorgan Chase CEO Jamie Dimon. Dimon, chairman of the Business Roundtable, made the comments on a conference call with reporters […]
Read moreBroadcom will handle all of Apple’s need for a class of chip in its new iPhones, according to J.P. Morgan, spelling revenue of $10 per phone for the chipmaker. The semiconductor company will maintain total share of non-radio frequency chips used in the upcoming generation of Apple’s phones, thereby becoming the sole provider of wireless […]
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CEO optimism about hiring, capital investment and sales growth fell slightly in the second quarter from record levels, marking the first decline in two years amid concerns that trade conflicts could drive up costs for consumers and business. According to the latest quarterly Business Roundtable CEO Economic Outlook Survey, the CEO Economic Outlook Index slipped […]
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