The S&P 500 has been stuck in neutral since mid-May, squeezed between a rocket-propelled U.S. economy and fears over the stability of the European Union and a Trump trade war. One chart watcher says this stock market is still a good place for bulls despite the geopolitical risk. “I think that there is a lot […]
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The spread between West Texas Intermediate and Brent crude futures prices has widened to new extremes recently, and this is a bullish development. The spread has reached more than $11, the largest since mid-2015. WTI is trading a little over $65 per barrel, while European Brent crude, the international benchmark for oil, is trading near […]
Read moreMorgan Stanley shared with its clients the firm’s best current stock picks. “The Alpha Almanac summarizes Morgan Stanley Research’s Global Economics and Strategy macro forecasts and collects a list of Sector Research’s high conviction, differentiated singlestock calls across the US,” equity strategist Michael Wilson said in a report Friday. Here are four overweight-rated companies that […]
Read moreHarley-Davidson shares dropped as much as 2.3 percent Friday after the company said a trade war with Europe would “significantly” hurt motorcycle sales. President Donald Trump imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, affecting the motorcycle company’s manufacturing costs. In response, the European Union told the […]
Read moreThe chances of a landslide victory for Mexico’s far-left presidential candidate, Andres Manuel Lopez Obrador, are growing and that is scaring investors. Mexico‘s benchmark stock index, the S&P/BMV IPC, plummeted 7.6 percent in May, marking its biggest one-month decline since February 2009. The iShares MSCI Mexico exchange-traded fund (EWW) — which tracks Mexican stocks — […]
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As the video game industry gears up for the E3 Expo in Los Angeles that begins June 12, TradingAnalysis.com founder Todd Gordon said Electronic Arts is the gaming stock to play into the event. Here’s why: • EA is up 26 percent year to date and hovering near all-time highs. Gordon observed Thursday on CNBC’s […]
Read moreA recent earnings call with CEO Elon Musk didn’t go very well, and a recent staff shake up alarmed some investors, but still, Tesla’s stock is on an upswing. Shares were up about 2 percent on the news that Consumer Reports had reversed its previous position: It would now recommend the Tesla Model 3 after […]
Read moreMay’s super strong employment report, including a slightly better gain in wages, signals the Fed is on track to raise interest rates in June and could even add another rate hike to its forecast this year. Employers created 223,000 new jobs in May, well above the 188,000 expected, and the unemployment rate fell to 3.8 […]
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Dunkin’ Brands Chairman and CEO Nigel Travis is defending the doughnut maker’s “asset-light model,” which short-seller Jim Chanos cited as a reason he’s betting against the stock. “Since he made that prediction our stock has gone up,” Travis said on CNBC on Friday. Chanos revealed on CNBC his Dunkin’ short on April 26. Since then, […]
Read moreCheck out the companies making headlines before the bell: Deutsche Bank – New CEO Christian Sewing insisted that the financial strength of Germany’s flagship lender is “beyond doubt,” despite the Federal Reserve labeling Deutsche Bank’s business in the U.S. as in “troubled condition.” Within a day of the Fed’s designation, Standard & Poor’s slashed its […]
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