U.S. companies stand to reap a “huge benefit” from the new Republican tax law, which includes a dramatic corporate rate cut, said the head of portfolio strategy at Merrill Lynch Wealth Management. “We’re anticipating at least earnings going up an additional 10 percent than where we were without the tax plan,” Mary Ann Bartels told […]
Read moreNike shares will surge as its North American sales begin to grow again later this year after new products are introduced, according to one Wall Street firm. Wedbush Securities raised its rating on Nike shares to outperform from neutral. “We are increasingly confident the pricing pressure on Nike footwear is subsiding as comparisons begin to […]
Read moreInvestors looking to get a piece of the latest market surge poured cash into stock funds at the highest pace ever over the past four weeks. Mutual funds and ETFs that focus on stocks garnered $58 billion in fresh money during the period that ended Wednesday, according to Bank of America Merrill Lynch. The rush […]
Read moreA crucial vote in Germany on Sunday has the potential to derail stability in Europe and send the euro tumbling. The continent’s largest economy has been without a formal government for four months with long-term chancellor Angela Merkel unable to secure a ruling coalition. Last week, there appeared to be a breakthrough when it was […]
Read moreNothing spooked the markets in 2017, with stocks experiencing record low volatility. However, with mounting geopolitical issues, political uncertainty in the United States and rising interest rates around the globe, this year could see many more ups and downs. What could impact markets in 2018? Here are six issues that investors should be paying attention […]
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Nvidia has already surged more than 15 percent in the new year, and one trader is betting that the chipmaker has even more room to run. While chip stocks have been on a tear, TradingAnalysis.com founder Todd Gordon has his eye on Nvidia in particular thanks to what he believes is a strong performance pattern […]
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Walmart has been one of the strongest performers in the Dow over the past year, finishing 2017 with its best gains since the turn of the century. But it’s not done yet. Ari Wald, head of technical analysis at Oppenheimer, sees the case for its shares to go even higher. “It has rallied sharply over […]
Read moreNetflix looks attractive heading into its quarterly earnings report being issued Monday afternoon, even after a massive run, strategist Mark Tepper says. Netflix shares have jumped 15 percent this year alone, and a whopping 65 percent in the last year. Shares rose over 1 percent on Thursday after Morgan Stanley released a bullish note on […]
Read moreThe yield on the U.S. 10-year Treasury jumped to its highest level since 2014 on Friday morning, underlining a wider move in bond markets caused by central banks moving away from financial crisis policies. “We are not surprised by the movement because we believe that the Fed will raise rates by three or four times […]
Read moreHormel Foods Corp.: “I like Hormel. One of the few food stocks with great growth.” Acuity Brands: “This is too many [missed] quarters, Acuity.” Greenbrier Companies: “Greenbrier’s interesting, but you know, when I speak of rails, I always speak of Union Pacific.” Baidu Inc.: “I like Baidu. It’s one of the only Chinese stock I’m […]
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