Oil begins a new week after ending the last with its worst losses in three months. Commodities traders shouldn’t worry, though, says one technician — the charts suggest more good news than bad. “At this point in time, the charts just look like a pullback within the context of a bigger uptrend,” Craig Johnson, chief […]
Read moreWith rising rates depressing bond prices, some investors may think ditching U.S. Treasury notes is a wise play. Some strategists are taking the other side. Treasurys will soon fall into favor, Gina Sanchez, CEO of Chantico Global, told “Trading Nation” on Friday. Here are her reasons why. • In a traditional economic expansion, interest rates […]
Read moreOne of the market’s biggest bulls sees stocks getting their groove back this year, but his forecast comes with an expiration date. According to Blackstone’s Joseph Zidle, there’s evidence that rising inflation will tear into corporate profits and stretch consumers within the next 12 months. “As we get into 2019, this earnings cycle is going […]
Read moreThere are several ways fund managers and investors can outperform the benchmark stock indexes, according to Bank of America Merrill Lynch. So far this year, 60 percent of active fund managers are beating their respective market indexes, tracking to the best performance since 2003. But it hasn’t always been this easy, particularly with the rush […]
Read moreA U.S. recession probably won’t happen for another two years, and in the meantime stocks are a good bet, according to closely-followed Credit Suisse analyst Andrew Garthwaite. “We conclude that a US recession is unlikely until Q3 2020,” Garthwaite wrote in a note to clients Friday. “Remain overweight equities.” Typically, an inverted yield curve, when […]
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With corporate debt hitting its highest levels since before the financial crisis, Moody’s is warning that substantial trouble is ahead for junk bonds when the next downturn hits. The ratings agency said low interest rates and investor appetite for yield has pushed companies into issuing mounds of debt that offer comparatively low levels of protection […]
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CNBC’s Jim Cramer said Foot Locker‘s stellar quarterly earnings report on Friday shows there’s still some life left for brick-and-mortar retailers. Cramer was particularly pleased with a comment by CEO Richard Johnson, who said in a statement, the “flow of premium product continues to improve” at the athletic apparel and footwear retailer. Shares of Foot […]
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Shares of Roku spiked Friday after short-seller Citron Research said it is reversing its negative view on the maker of streaming players, given a major shift away from the traditional cable television subscription model. “The move to cutting the cord and [over-the-top] advertising is real and it is a megatrend that Citron not only does […]
Read moreCarl Icahn’s Icahn Enterprises is finally taking some profits on its Herbalife winnings. On Friday the investor said he is lowering his stake in a securities filing. “Yesterday IEP tendered its Herbalife shares into the Company’s self-tender offer. Of the shares we tendered, at most only 11.4 million could possibly be purchased in the tender, […]
Read moreCheck out the companies making headlines before the bell: Foot Locker – The athletic apparel and footwear retailer reported adjusted quarterly profit of $1.45 per share, 20 cents a share above estimates. Revenue also beat forecasts, but comparable-store sales fell by 2.8 percent — that was smaller than the Thomson Reuters consensus estimate of a […]
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