Financial markets believe Europe will eventually “accommodate” President Donald Trump on trade, Wall Street’s Art Cashin told CNBC on Monday. “Even if it’s only to a slight degree, the president will step back and claim victory,” said Cashin, director of floor operations for UBS at the New York Stock Exchange. Trump is threatening tariffs on […]
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With the S&P 500 not far from the firm’s 2018 year-end target, Goldman Sachs says there is still an investment strategy that can outperform. The firm recommended companies with high and stable profit margins. That’s because despite the one-time boost to profit from the corporate tax cut, companies face a number of challenges to maintaining […]
Read moreCNBC’s Jim Cramer said Monday the recent rally in large cap tech stocks has been “breathtaking,” but added there appears to be “no particular reason” for the rise. “There’s nothing new in Facebook to justify one more romp,” Cramer said on “Squawk on the Street.” (Cramer’s chairtable trust owns shares of Amazon, Apple, Facebook and […]
Read moreGroupon gained as much as 13 percent Monday following a weekend report that the company is seeking a buyer. Shares opened at $4.81 after closing Friday at $4.36. The stock at its peak was on track for its best day since February 2017, but quickly pared gains. Shares fell below $4.70 within the first half […]
Read moreProcter & Gamble’s profitability will suffer because of rising commodity costs, according to Jefferies. The firm lowered its rating for Procter & Gamble shares to hold from buy, predicting the company will report earnings below expectations next fiscal year. Analyst Kevin Grundy cited a number of factors weighing on the consumer product giant, including slowing […]
Read moreUtility stocks were among the worst-performing sectors of the market earlier this year, but they’re making a roaring comeback. The utilities-tracking XLU ETF has risen in 13 of the last 14 trading sessions, jumping 10 percent in one month alone. Gina Sanchez, CEO of Chantico Global, told CNBC’s “Trading Nation” on Friday that the run […]
Read moreWhen life gives you lemons, make lemonade. That’s the logic behind writing options in a volatile market. The reward for giving someone else the option to buy or sell something has gone way up this year. Last year was among the least volatile in the history of the stock market, based on the Chicago Board […]
Read moreCheck out the companies making headlines before the bell: Starbucks — Outgoing Executive Chairman Howard Schultz said a recent slowdown in China sales is only temporary, and hinted at a possible collaboration with Alibaba founder Jack Ma. Schulz spoke at an event at the coffee chain’s Roastery store in Shanghai. Separately, Starbucks announced plans to […]
Read moreThe 10-year U.S. Treasury note that debuted in August 2016 when the bond market was near its peak has had a rough ride, its price falling ever since and no reprieve in sight. Welcome to the new U.S. Treasury market, where 75 percent of existing government bonds are now trading below par. Despite high demand […]
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As CNBC’s Jim Cramer sees it, the stock market is in the middle of a full-fledged stand-off between the bulls and the bears. The bulls got a win with Friday morning’s jobs report from the U.S. Labor Department that said the country added 213,000 non-farm jobs in June. Stocks rose after the report was issued. […]
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