Are we nearing the peak of earnings growth? We are riding an historic wave of higher earnings and higher earnings revisions on the back of tax cuts and the global economic expansion. However, just in the last couple weeks, analysts have begun to introduce 2019 earnings estimates for the companies they cover. The good news: […]
Read moreStarbucks‘ strong growth in China will be overshadowed by slowing sales in the U.S., an analyst at Bernstein said Monday. “The business mix is clearly shifting toward China … just not fast enough to offset the US,” analyst Sara Senatore said in a note to clients. “While we think SBUX’s China business can contribute meaningfully […]
Read moreThe S&P 500 is trading in a way it hasn’t for decades. The benchmark index has closed at records 14 times during the past 18 trading days. That’s its most records in any month since June 1955, according to Ryan Detrick, senior market strategist at LPL Financial. But, that’s not the only impressive stat to […]
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There is no set definition of a market melt-up. But it’s fair to say that we’re in one, or close. If a melt-up is a sharp upward acceleration in stock prices from already-high levels with few pauses or pullbacks along the way and a rush of public enthusiasm, that roughly describes today’s market. When some […]
Read morePresident Donald Trump’s State of the Union address, Fed Chair Janet Yellen’s farewell meeting and a tsunami of earnings reports from tech’s heaviest hitters are some of the big events for markets in the week ahead. The stock market could continue its record-setting run as month end approaches, and the S&P 500 is already on […]
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U.S. officials created a small firestorm with their dollar comments in the chilly air of Davos this week, but a much more important factor for the future of the currency will be what they say and do about trade when they leave Switzerland. Strategists say the dollar could consolidate now after its latest bout of […]
Read moreGrowing up in the investment business, I learned cynicism from some great investors. I try to apply it every day, because trust and gullibility are two key ingredients for a short investment career. We look carefully through what others call “trash” and search for flaws undetected in “darlings.” I cringe at throwaway expressions that symbolize […]
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Oil prices could tumble as much as $8 a barrel in the coming weeks as one of the three legs propping up an unexpected rally looks “wobbly,” Societe Generale’s Mark Keenan warned on Friday. The rally in oil prices has exceeded many analysts’ expectations, leading to a flurry of revised forecasts as benchmark crude futures […]
Read moreAmazon shares have surged 20 percent this year, but one technician warns the stock could see a pullback in the near future. Craig Johnson, senior technical strategist at Piper Jaffray, is concerned that Amazon shares are trading in overextended territory and said it could be following a pattern from years past. “It’s very similar to […]
Read moreMarket-beating money manager Jeff Vinik is bullish on stocks for now, but warns we are in the latter stages of the market rally. “We’ve got a huge amount of momentum, not only market momentum, but economic momentum right now. The Trump tax cuts are certainly a tailwind for us. Worldwide, the economy is very strong, […]
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