Warren Buffett believes trying to time the market is a waste of time and hazardous to investment success. The Oracle of Omaha explained why investors should avoid market predictions during Berkshire Hathaway‘s annual shareholder meeting in 1994, obtained through the CNBC Warren Buffett archive. “I never have an opinion about the market because it wouldn’t […]
Read moreCheck out the companies making headlines before the bell: Comcast – The NBCUniversal and CNBC parent is making preparations for a possible all-cash bid for 21st Century Fox’s entertainment assets, according to sources. Fox has an agreement in place to sell those assets to Walt Disney for $52.4 billion in stock. Dean Foods – The […]
Read moreWith volatility returning to the stock and bond markets and valuations of almost all financial assets very high, alternative investments and alternative investing strategies should be popular. They’re not. “There is not as much interest in the alternatives space as one might expect, given the volatility in markets,” said Tayfun Icten, a senior analyst at […]
Read moreHigh hopes for the earnings season have turned reality, but the markets haven’t rallied. One of Wall Street’s biggest bulls says there’s nothing to be concerned about. “I think the disconnect around all of this really lies around the fact that we’ve got great earnings — 25 percent earnings growth — and everybody’s saying ‘well, […]
Read moreAmazon appears untouchable. It’s rallied 37 percent this year, outperforming the market nearly fourfold. And a stunning quarter, reported last month, prompted nearly two dozen firms to up their price targets on the e-commerce giant; a handful of those newly minted price targets place the company north of the $1 trillion threshold. But at this […]
Read moreU.S. department store chains’ stocks tumbled Monday after Deutsche Bank issued a new report saying there’s “limited upside” for investors in the sector. “[W]hile Holiday marked a solid improvement across the group, we think valuation is now ahead of itself as we believe fundamental upside is limited,” analyst Paul Trussell said. Shares of Sears Holdings […]
Read moreA “60 Minutes” investigation has put the price of one of Mallinckrodt’s drugs under the microscope, but it isn’t weighing on the pharmaceutical giant’s stock price. The report, which ran on CBS on Sunday, focused on a lawsuit filed by the city of Rockford, Illinois. The lawsuit said the combined cost for two young patients […]
Read moreGoldman Sachs added McDonald’s to its Americas Conviction List as it sees the stock recovering from its recent pullback. Analyst Matthew Fassler said the company’s stock decline “represents an opportunity to buy,” with same-store sales growth — a key metric for restaurant companies —”re-accelerating.” McDonald’s shares are down about 3 percent year to date, underperforming […]
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Consumer staples are getting slammed this year, but one top technician says the charts look so bad, they might actually be good. “[Consumer staples are] down 13 percent on the year right now, [and] at one point a peak-to-trough drawdown of 17 percent,” Cornerstone Macro’s Carter Worth said Friday on CNBC’s “Options Action.” “I’m going […]
Read moreConsumer staples kicked off the week with more losses, cementing their status as the worst performers of 2018. Sector weakness has not deterred Chad Morganlander, portfolio manager at Washington Crossing Advisors. “We’ve owned consumer staples and been overweight for the last three years,” Morganlander told CNBC’s “Trading Nation” on Friday. Morganlander remains bullish on the […]
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