Nobel Prize-winning economist Robert Shiller hasn’t been the most optimistic voice on Wall Street, but he isn’t writing off the bull market. His chief reason: President Donald Trump‘s pro-business influence. “There is a sort of optimism about the markets under Trump, and that’s continuing. I don’t see a reason for it about to change,” the […]
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Political turmoil in Italy has TradingAnalysis.com founder Todd Gordon betting on a drop for another key European market: Germany. The German stock market-tracking ETF (EWG) tumbled more than 3 percent Tuesday, and Gordon believes the ETF, which he says is “representative of [the] overall condition of European markets,” is headed lower on the recent volatility. […]
Read moreCheck out the companies making headlines before the bell: Dick’s Sporting Goods – The sporting goods retailer beat forecasts by 7 cents a share, with adjusted quarterly profit of 52 cents per share. Revenue also came in above forecasts. Comparable-store sales fell more than expected, but Dick’s also raised its full-year outlook largely above Street’s […]
Read morePolitical uncertainty in Italy has unhinged world markets, raising the specter of a euro crisis that could ripple across the global economy and even force the Federal Reserve to slow its rate hiking plans. Several strategists say there is little chance the euro zone’s third largest economy will move to leave the single currency, creating […]
Read moreMohamed El-Erian sees a world one day that eschews paper money in favor of digital payments that could include government-issued cryptocurrency. “Is there a role for cryptocurrency in the future? Yes, but critically, officially sanctioned, that’s very different,” the chief economic advisor at Allianz told CNBC on Tuesday. “Officially sanctioned” could take the form of […]
Read moreJ.P. Morgan Chase, the world’s biggest investment bank by revenue, said trading revenue in the second quarter is likely to be about unchanged from a year ago amid charges related to taxes and accounting rule changes. “Overall, markets revenue as we see it today will be flat year on year,” Co-president Daniel Pinto said Tuesday […]
Read moreShares of Disney fell Tuesday after its latest “Star Wars” movie failed to bring the crowds and revenue analysts had expected for Memorial Day weekend. The stock fell more about 1 percent and are now down 6 percent for 2018. The Disney-produced “Solo: A Star Wars Story” delivered a franchise-low $83.3 million in North American […]
Read moreAmazon remains the long-term leader among industry titans, according to MKM Partners, with the e-commerce company set to nearly triple its share of the U.S. retail market over the next seven years. “We continue to view Amazon as the best long-term growth story among the mega-caps,” analyst Rob Sanderson wrote Tuesday. “Amazon continues to become […]
Read moreCheck out the companies making headlines before the bell: Apple – Apple will use OLED screens in new iPhone models planned for 2019, according to South Korea’s Electronic Times. Apple currently uses LCD screens in its phones. The news is helping boost the stock of OLED screen maker Universal Display. Bank of Montreal, Canadian Imperial […]
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How is the stock market set up heading into summer? It’s hard to make a confident case the summer of 2018 will either be “hot fun” or particularly cruel. The weight of the evidence tilts toward some more aimless knocking around, punctuated by a few bursts of excitement, and probably a couple of attempts by […]
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