Emerging market stocks have seen better days. The EEM, an ETF tracking emerging market stocks, is trading firmly in a correction, down over 10 percent since its January high and falling nearly 5 percent in the last three months alone. Its performance for the month of May is negative for a second month. Of course, […]
Read moreThe hot trade in aerospace and defense – including that of industry leader Raytheon – is coming to an end, according to Credit Suisse, which downgraded both the sector and the company to neutral on Tuesday. “After six consecutive years of relative outperformance, defense hardware stocks have reached valuation multiples not seen since 2001. But […]
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One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” report by Ben Snider on […]
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Secretary of State Mike Pompeo has announced a list of a dozen demands that Iran must meet before the United States lifts punishing sanctions against the country. However, the list is a non-starter and raises the specter of a prolonged standoff in the world’s busiest oil exporting region. Pompeo articulated the list at the conservative […]
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Investors and policymakers have gone looking for inflation over the past decade and largely have come up empty. It could, however, come barreling at them soon like an 18-wheeler. Multiple signs of inflation in freight-related industries are at or near historical highs, in what could be an early sign that price pressures are building and […]
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Marvin Ellison’s exit as CEO of J.C. Penney means the struggling department store chain can’t be turned around, CNBC’s Jim Cramer said Tuesday. J.C. Penney shares plunged Tuesday after Lowe’s announced it is naming Ellison president and CEO, effective July 2. J.C. Penney, which has struggled to compete within the quickly changing retail landscape, told […]
Read moreThe elevation of Stacey Cunningham to president of the NYSE Group represents a full circle for one of the few women who have worked on the exchange floor. Cunningham is well-known to traders. She started her career on the floor in 1994 as an intern with specialist firm Murphey, Marseilles, Smith & Nammack, but started […]
Read moreThe U.S. may be close to the peak of its earnings cycle, but earnings still have room to climb — and markets are failing to reflect that potential, according to asset manager NN Investment Partners (NNIP). Investors seem to have reacted with near indifference to an objectively strong corporate earnings season. Reuters calculated that first […]
Read moreGeneral Electric still needs billions of dollars in additional capital to pacify investors and credit rating agencies, according to J.P. Morgan. “With little available cash flow to naturally de-lever, we don’t see how, from a risk mitigation perspective, a company of this size and complexity cannot be seriously considering at least a dividend cut and/or […]
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Just how contrarian are you? How to know when the onrushing herd has it right? When following Warren Buffett’s credo to be greedy when others are fearful, where’s the line between brave and foolhardy? These are the self-directed questions of an investor today mulling Wall Street’s most-hated trade: Owning the classic American consumer-staples stocks. Exactly […]
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