General Electric shares continued to plumb new depths after Bank of America Merrill Lynch downgraded the troubled bellwether on Monday. Shares fell 1 percent in premarket trading, approaching just $16 a share. The stock fell to a six-year low on Friday below $17 a share after GE said earlier in the week it would take […]
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The U.S. government shut down on Saturday, and that could spell trouble for investors this week, history shows. CNBC analysis using Kensho found that the S&P 500 fell an average of 0.3 percent one week after the government closed its doors. The benchmark index also traded positive just 40 percent of the time one week […]
Read moreIf you wanted to crush President Donald Trump last year, there was a way even more efficient than giving indiscreet interviews to Michael Wolff: betting on emerging markets in Latin America and Asia, where the returns made Dow 25,000 look as tiny as Kim Jong Un’s button. But can emerging markets keep pushing higher in […]
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Nike‘s sprint past a record high isn’t done yet, according to one market watcher. On Friday, Nike raced ahead of its peers, crossing the finish line to score a new closing high. “If the stock can break above the $67 level, or $67.10 level (where we’re standing right now), that’s going to be very bullish […]
Read moreCheck out which companies are making headlines before the bell: Juno Therapeutics – Juno agreed to be bought by Celgene for about $9 billion or $87 per share in cash. It had been reported last week that the two drugmakers were engaged in buyout talks. AIG – The insurance company announced a deal to buy […]
Read moreThe U.S. stock market will likely run higher for another 11 years, according to Tom Lee, a widely followed Wall Street market strategist. “Both [Fundstrat technical strategist Rob Sluymer and I] think it’s more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000,” said Lee, head […]
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Investors tend to disregard the threat of government shutdowns, but there’s one reason this time around that they might want to pay attention. True, a shutdown likely would have little effect on corporate earnings and long-term economic growth or the things that should matter most to investors with a horizon that goes beyond that of […]
Read moreValueAct Capital, the $15 billion activist firm led by Jeff Ubben, is launching a fund focused on promoting environmental and social goals for the companies it invests in. In a letter to ValueAct’s limited partners, Ubben outlines a new effort for his firm built on the premise “that there is not just a societal good […]
Read moreBoeing shares have been on fire. Even after falling on Friday and the previous session, the stock is the best-performing Dow component this year, up 14 percent year to date and on pace for its fifth straight positive month. Its rise over the last year has soared into triple-digit gains. This meteoric price action is […]
Read moreFinancial markets have endured many bubbles over the centuries, from tulip mania in the 17th century to the dotcom bubble and, most famously, the real estate bubble that nearly capsized the global economy a decade ago. But the Presidential Twitter Bubble? No one in his position has ever talked up the stock market as much […]
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