The stock market is having its best start to year in more than three decades. Based on historical evidence, that spells even more gains for the rest of 2018. When the S&P 500 posts a return of at least 5 percent by Jan. 23, the index’s median return for the rest of the year has […]
Read moreBarely 16 trading days into the new year, the stock market literally already has exceeded many expectations for its 2018 performance. With its rise in early trading Wednesday, the S&P 500 has topped no fewer than seven full-year forecasts. That’s come as the index has registered a gain of better than 6.5 percent so far […]
Read moreInvestors who were patiently waiting for a stock pullback are finally giving up and are buying anyway, closely followed trader Art Cashin told CNBC on Wednesday. U.S. stocks were higher Wednesday after strong-than-expected quarterly earnings reports before the bell. The S&P 500 and Nasdaq have both risen in 12 of the past 15 sessions, and […]
Read moreGeneral Electric warned on Wednesday that 2018 will be another challenging period for GE Power and could shape up to be an even worse year than expected for the embattled business unit. GE’s power unit, which focuses on selling and servicing equipment to power plants, is one of three units the conglomerate is focusing on […]
Read moreHoward Marks believes investors should be “defensive” due to high valuations and avoid betting for a runaway market. “I’m convinced the easy money has been made,” Marks wrote in a note to clients Tuesday. On whether investors should be bullish or bearish in the current environment the investor added, “my answer today, as readers know, […]
Read moreDonald Trump and Argentina’s President Mauricio Macri didn’t get off to the most auspicious start: According to a book by Macri’s father, the 45th U.S. president once broke Macri’s golf clubs over his legs, one by one. But depending on one’s politics, Argentina‘s president resembles his American counterpart, at least in the sense that each […]
Read moreDespite the S&P 500‘s blazing record run this year, strategist Julian Emanuel is worried that the steep ascent could derail the bull run. “The fact that volatility has crept up for most of the month of January along with the rising market is sort of a warning sign that we may have come too far, […]
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Chipmaker Intel reports earnings on Thursday, and that has Todd Gordon of TradingAnalysis.com betting on a breakout for the stock. “Intel has been consolidating here in November, December and into 2018,” Gordon said Tuesday on CNBC’s “Trading Nation.” “I think it’s high time that Intel continues on up in the direction of the chips, and […]
Read moreAirline stocks fell in the premarket Wednesday after United Continental’s growth plans raised concern it could drive down fares. Shares of United pulled back 6.7 percent and were the biggest decliners in the S&P 500. Delta Air Lines fell 4.6 percent, while American Airlines and Southwest Airlines declined 4.5 percent and 4.1 percent, respectively. United […]
Read moreCheck out which companies are making headlines before the bell: Comcast – The NBCUniversal and CNBC parent reported adjusted fourth-quarter profit of 49 cents per share, 2 cents a share above estimates. Revenue topped forecasts, as well, and Comcast announced a 21 percent dividend increase. The company also said it would repurchase at least $5 […]
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