Not all market watchers have cheered Wall Street’s bounds from record to record this year. Max Wolff, chief economist at The Phoenix Group, sees a potential end for the S&P 500’s meteoric rise. “A string of sugar highs feel better and look better than a longer sustainable kind of run, but a longer sustainable run […]
Read moreThe bitcoin boom may be far from over. Bespoke Investment Group’s Dan Ciotoli believes the cryptocurrency’s price could nearly triple by the end of the year — declaring that the January crash is likely behind it. “There was a big run-up in December, and then we kind of saw these get-rich-quick-investors exiting the space. Everyone […]
Read moreMarket watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. “Now, when everyone is saying … it’s over, that’s it, bitcoin is dead, for the 175th time. Now’s the time you start looking at it, on the buy side,” Kelly, portfolio manager of the BKCM Digital Asset […]
Read moreExchange-traded funds powered by artificial intelligence are getting smarter, according to a co-founder of EquBot, a company that created one such fund. The AI Powered Equity ETF (AIEQ), an actively managed security that seeks to use AI to beat the market, launched on Oct. 18. “The AI actually grows in value,” EquBot co-founder and COO […]
Read moreAmericans could see the price of new washing machines soar in the next year thanks to President Donald Trump’s new tariffs on appliance imports, according to Goldman Sachs. The bank is now forecasting an 8 percent to 20 percent increase in the price of a new washing machine in the next year, depending on how […]
Read moreJohnson & Johnson shares slipped Tuesday after the company clarified its forecast for the year might not have been as high as some had hoped. In a press release announcing fourth-quarter earnings, the company projected full-year sales of $80.6 billion to $81.4 billion, or 3.5 percent to 4.5 percent of operational growth. The figure topped […]
Read moreThe global economic growth story that has garnered so much attention in investing circles these days will be the big driver in the commodities and bond markets, according to a five-star bond manager at DoubleLine Capital. “You’re talking about a synchronized global growth story, which portends higher rates,” Jeffrey Sherman, the chief operating officer at […]
Read moreBank of America Merrill Lynch strategists say this could be a record year for merger activity, and corporate spending should help continue to fuel stock market gains. The strategists Tuesday raised their target for the S&P 500 and said the long-awaited ‘great rotation’ of funds out of bonds and into stocks that would signal the […]
Read moreA strategist with the highest S&P 500 target on Wall Street told CNBC on Tuesday he sees an 18 percent return this year due in part to the new Republican tax law. Keith Parker, head of U.S. equity strategy at UBS, projects the S&P will end the year at 3,150. So far this year, as […]
Read moreJared Smith represents a new breed of millennial: someone who saw the financial crisis unfold during his formative years but is now ready to step back into the arena and take some risk. The 31-year-old New Yorker is a big believer in stocks. While that seems like a no-brainer for a market that has skyrocketed […]
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