Longtime value investor Whitney George believes Apple’s market capitalization is worth at least $1 trillion. In an exclusive interview for CNBC PRO with Mike Santoli, Whitney said that the iPhone maker’s stock remains “remarkably inexpensive.” “Apple to me is still worth $200 at a minimum, and that’s assuming flat operating income for the next couple […]
Read more
Investors thrown off balance by swirling markets this year now face a new wrinkle: a sudden outbreak of normalcy. This year stocks went from an unprecedented uphill sprint in January to a nasty stumble in February, followed by months of flailing, disoriented struggle. But in the past couple of weeks, stocks have stabilized as a […]
Read morePrices for new and used cars fell sharply in April, even as the price of the gasoline needed to fuel them spiked. Vehicle prices fell 0.9 percent, the second-largest drop on record, according to J. P. Morgan economists. Used car and truck prices fell 1.6 percent in April, the largest decline since March 2009, according […]
Read moreHedge fund magnate Daniel Loeb is increasing his bets against a suddenly volatile stock market. Following a quarter in which his two flagship funds posted losses, the head of Third Point said he is increasing short positions that proved to be profitable during an otherwise rough first quarter. “An important shift in markets happened in […]
Read moreMatch Group’s stock plunge this month is a great buying opportunity, according to one Wall Street firm. UBS raised its rating to buy from neutral for Match Group shares, saying Facebook’s entry into the online dating business will not significantly hurt the company. Match Group reported better than expected first-quarter earnings results Tuesday, sparking a […]
Read moreMacy’s stock will fall as the company’s physical store sales deteriorate, according to one top Wall Street firm. Morgan Stanley lowered its rating to underweight from equal-weight for Macy’s shares, predicting the retailer will report lower than expected earnings this fiscal year. “Macy’s continues to undergo core operating challenges, similar to peers in the department […]
Read moreThe Dow may have seen its first five-day win streak since February, but Leuthold Group’s Jim Paulsen isn’t running with the bulls. The firm’s chief investment strategist says he wouldn’t be surprised if stocks soon retest this year’s correction lows due to rising inflation. “You’re seeing more and more evidence that inflation has changed its […]
Read moreCrude oil hasn’t seen these kinds of highs in more than three years. Now market watchers are asking, “Will it stay there?” To Boris Schlossberg, managing director of BK Asset Management, the answer lies in the Middle East. “That’s the key story here: Iran. Obviously geopolitics is what’s driving oil at this point,” Schlossberg told […]
Read moreAs the 10-year Treasury yield holds steady around 3 percent, some may wonder whether higher rates are here to stay. Boris Schlossberg, managing director of foreign exchange strategy at BK Asset Management, said the breakout on the 10-year yield would last. He explained why Wednesday on CNBC’s “Trading Nation.” • The natural pressures of steady […]
Read more
Small-cap stocks are making big moves. The Russell 2000 has rallied nearly 4 percent so far this year, outpacing the S&P 500 (up nearly 1 percent in the same time) and the Dow (down a bit less than 1 percent). Some market watchers see further room to run. The group will continue rallying as the […]
Read more