Chief White House economic advisor Larry Kudlow believes the U.S. and China can avoid a trade war despite a multitude of issues continuing to split the two nations. As one of the administration’s most ardent free trade supporters, Kudlow has been pushing for an agreement that can eschew heavy tariffs that the financial markets have […]
Read moreGaming stocks jumped after the Supreme Court’s ruling on sports gambling but Wall Street found only a couple of betting companies are going to see a notable boost. Regionally-focused Boyd Gaming and Penn National “are likely the biggest beneficiaries in our coverage given their smaller market caps and exposure to numerous states,” Morgan Stanley analysts […]
Read moreWall Street may be perceiving inflation as a stock market risk, but J.P. Morgan Private Bank’s Jack Caffrey suggests there’s at least one group that may be secretly hoping for it. “I actually think most retailers would actually benefit from a discussion about inflation,” the firm’s equity portfolio manager said Monday on CNBC’s “Trading Nation.” […]
Read moreCheck out the companies making headlines before the bell: Home Depot – Home Depot earned $2.08 per share for the first quarter, 3 cents a share above estimates. Both revenue and comparable-store sales were below Street forecasts, but the home improvement retailer attributes the shortfall to bad weather and is maintaining its full-year sales forecast. […]
Read moreGold has stumbled during the past month, but that hasn’t made me any less bullish on the precious metal. The commodity has quietly fallen off the radar as it slipped by as much as 5 percent from its peak one month ago. I view this move differently from the rest of the market. Instead of […]
Read moreFord was downgraded by Piper Jaffray on Tuesday because the automaker is not doing enough to keep up with the technological disruptions happening in the auto industry. “We appreciate the focus on ‘fitness,’ as well as Ford’s newfound willingness to cull less profitable platforms,” wrote analyst Alexander Potter in a note to clients. “But with […]
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The Dow Jones industrial average has not closed below its 200-day moving average for 472 sessions, its longest stretch since its streak from 1984 to 1987 and its seventh-best on record. This time, the setup for markets looks a little different to times past, according to analyst Michael Bapis. “Fundamentally it looks good, and that’s […]
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We’ve been here before — and pretty recently at that — and it led to frustration: Stocks are bouncing nicely off the bottom of their months-long trading range and are making a run higher. The bulls are talking about an uptrend preserved and strong corporate fundamentals, while skeptics wonder why stocks have struggled despite all […]
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The industrials sector is enjoying its longest winning streak in six months, but one top technician warns the rally is running out of steam. The XLI ETF, which tracks the sector, has been on a tear, rising for the eighth straight session and gaining more than 5 percent in that period. Furthermore, in the past […]
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America’s budget deficit and unemployment rate are heading in opposite directions — something that’s never happened during post World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects, for instance, that the 10-year Treasury note could be yielding 3.6 percent next year. The deficit increase is coming due to […]
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