To CNBC’s Jim Cramer, the story of this stock market seems to be all about “cognitive dissonance.” “There’s just so many examples of investors holding two contradictory opinions at the same time and it has a tendency to color the tape,” the “Mad Money” host said on Thursday, pointing to four distinct examples. The informal […]
Read moreThursday’s broad declines in the major averages didn’t stop CNBC’s Jim Cramer from noticing the positive action in individual stocks like UnitedHealth. “I’m talking about these multi-day-up extravaganzas, where investors can’t buy enough shares in one session after a positive event so they keep coming back, day after day after day, to get their full […]
Read moreShares of General Electric hit their lowest level since December 2011 on Thursday, briefly breaking below $17. The Dow component hit $16.96, a six-year low. It traded down 1.8 percent at $17.04 as of noon ET. The move lower follows a 4.7 percent decline on Wednesday and a 2.8 percent drop Tuesday. For the week, […]
Read moreIt hasn’t gone unnoticed that 2017 was an exceptionally good year for overseas stock markets. Gains were recorded in virtually every country stock market in the world. Out of more than 120 stock markets I follow, only a few ended down in 2017. If only it could be that simple every year. To expect the […]
Read moreOil’s run to multiyear highs may soon run out of fuel. But that bearish turn will likely be short-lived, according to RBC Capital Markets’ Helima Croft. Even though the oil markets are entering a period of seasonal softness, she sees geopolitical trends supporting pricier oil. Croft, RBC’s head of commodity strategy, says the floor has […]
Read moreComcast faces increasing challenges that will likely keep its stock at bay in 2018, according to one Wall Street bank. Nomura Instinet downgraded shares to neutral from buy on Thursday, saying the media giant will confront a “narrowing runway” as over-the-top competitors drive declines in traditional video and broadband growth stalls. Broadband growth “may narrow […]
Read moreThe stock market is in the midst of one of the hottest bull run’s ever, but General Electric is being left out in the cold. The Dow‘s oldest component has had a rough go at it. On Wednesday, it suffered its worst three-day decline since mid-November. For one market watcher, the reason for the sell-off […]
Read moreWalmart’s stock will thrive as the tax cut raises incomes for its customers and at the same time, allows the world’s largest retailer to return more cash to shareholders, according to Goldman Sachs. The firm on Thursday raised its rating for Walmart shares to buy from neutral and added the retailer to its “Americas Conviction […]
Read morePolitical risk has the potential to grip the currency market in the near term, according to one foreign exchange strategist with a close eye on Washington this week. Concerns over a U.S. government shutdown loom. President Donald Trump was said to support a short-term funding bill to prevent such an event, but it faces potential […]
Read moreHome stock market bias remains strong in the United States, but more investors opened portfolios to international equities last year. Roughly $150 billion went into international exchange-traded funds in 2017, compared to just $16 billion the year before. Investors who diversified overseas were rewarded with performance in both developed markets ex-U.S. and emerging markets that […]
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