Check out the companies making headlines before the bell: Cigna – The health insurer beat forecasts with adjusted quarterly profit of $4.11 per share, well above the consensus estimate of $3.39 a share. Revenue also beat forecasts as more customers enrolled in Cigna health plans, and the company also raised its full-year forecast. Becton Dickinson […]
Read moreWith some of the heavyweight earnings reports out of the way and the Federal Reserve’s decision to hold rates steady in the rearview mirror, the market’s focus is now on the monthly employment situation, due out Friday morning. The market will be laser-focused on whether the Fed is justified in its current hawkish stance, given […]
Read moreThe Federal Reserve kept its benchmark interest rate unchanged Wednesday but acknowledged that inflation is beginning to creep higher. In a widely expected move, the central bank’s Federal Open Market Committee held the funds rate at a target of 1.5 percent to 1.75 percent. However, there were several tweaks to the post-meeting statement that market […]
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The U.S. dollar just hit its highest levels since late December, a move that’s planted it in overbought territory, according to one chart watcher. “On a very short-term basis it’s getting a little ahead of itself,” Matt Maley, equity strategist at Miller Tabak, told CNBC’s “Trading Nation” on Tuesday. He noted that the dollar’s relative […]
Read moreInvestors are getting too weighed down by worry and aren’t focusing enough on all the stock market has going for it, according to Credit Suisse. Stocks have been struggling all year to gain footing amid myriad fears over trade tensions, the inflation specter and concern that while earnings have been strong, this might be as […]
Read moreSeasoned professional traders typically understand the theory behind “Sell in May and go away.” However, it’s not always cut-and-dried. Sometimes it might be better to hold through the summer, but sometimes it might be better to not only sell but also establish short positions. As we enter the month of May, the question is which […]
Read moreInvestors should expect a surge in stocks over the next 12-to-18 months before they fall off a cliff amid a recession in 2020, according to Scott Minerd of Guggenheim Partners. “I think stocks will go up another 15-to-20 percent, but ultimately, when the recession arrives — and it will arrive — there’s going to be […]
Read moreDespite a strong earnings season, former Republican congressman Ron Paul is renewing his call for a market meltdown. He sees additional near-term corrections gripping stocks as the budget deficit exposes more vulnerabilities to the United States’ capacity to do business. “The fundamentals show that the spenders are in Washington. They’re alive and well. The deficit […]
Read moreThe first earnings season since corporate tax cuts was meant to be the markets’ saving grace. It hasn’t exactly turned out that way. Matt Maley, equity strategist at Miller Tabak, is trying to get to the bottom of the discrepancy. “Everybody’s been saying, ‘Don’t worry, the earnings season is going to bail us out.’ Sure […]
Read moreThe Federal Reserve is expected to give the signal for more rate hikes later this year as it wraps its meeting on Wednesday. The bond market is still struggling with that concept, says Bryce Doty, senior portfolio manager of fixed income at Sit Investment Associates. “It’s going to be a bumpy ride,” Doty told CNBC’s […]
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