General Electric will likely be removed from the Dow Jones industrial average, according to Deutsche Bank. As one of the original members of the 30-member index, General Electric has been a component of the Dow for over 110 years. “We believe the chances that GE could be removed from the Dow are increasing as GE […]
Read moreBrace yourself for a tech earnings wave over the next two days as some of the biggest names on Wall Street open their books to scrutiny. Facebook, Microsoft, Apple, Amazon and Alphabet all report this week. The five companies make up more than 40 percent of the Nasdaq 100. Piper Jaffray’s Craig Johnson has sifted […]
Read moreThe worst two-day decline for the Dow Jones industrial average since September 2016 was not the beginning of the end of the bull market, the chief investment strategist at Raymond James told CNBC on Wednesday. The U.S. futures were pointing to a rebound at the open on Wednesday after sharp losses on Monday and Tuesday. […]
Read moreThe nearly 400-point tumble in the Dow is something we haven’t seen in a while. Rather than panic, investors would be wise to roll with the punches, says Scott Wren, senior global equity strategist at Wells Fargo. These days, big swings are bound to become more common. “You’ve got to get used to this — […]
Read moreThe drop in health insurance stocks after the landmark partnership announcement by Amazon, Berkshire Hathaway, and J.P. Morgan Chase is a buying opportunity, according to one Wall Street firm. The three companies revealed on Tuesday a plan to partner on ways to cut health-care costs and improve services for their U.S. employees. The firms will […]
Read moreStock markets will only be seriously affected by a sell-off in bond markets if the yield on the U.S. 10-year Treasury sees a sustained move above 3 percent, a senior analyst at Morgan Stanley told CNBC. And Jim Caron, a senior fixed income manager for asset management at the bank, believes that move isn’t going […]
Read moreCheck out which companies are making headlines before the bell: Amazon, Berkshire Hathaway – The two companies and JPMorgan Chase have announced a partnership to explore ways to address health care concerns for their US employees. The stated goal of the partnership is improving employee satisfaction and reducing costs. The news has hit the shares […]
Read moreA sharp run-up in digital currency values didn’t just benefit crypto traders in the final months of 2017. Advanced Micro Devices will likely get a share of the riches, according to MKM Partners analyst Ruben Roy. Roy has turned more bullish on AMD on the calculation investors have yet to price in a boost from […]
Read moreThe greenback is getting walloped. The dollar index is on pace for its worst January since 1987, down 3 percent and going through several wild price swings. With the dollar index trading below the 90 mark, near levels last seen in 2014, we’ve had several conflicting political messages and economic data that have really launched […]
Read moreShares of insurer UnitedHealth Group and other health-care related stocks dropped on Tuesday after Amazon, J.P. Morgan, and Berkshire Hathaway announced a partnership to improve U.S. employee health. The three companies, led by Jeff Bezos, Jamie Dimon and Warren Buffett respectively, plan to develop ways to improve the health of their employees, with the goal […]
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