In February of 2016, CNBC’s Jim Cramer started recommending the stock of Wynn Resorts, which was then trading at about $79 a share. Since then, Wynn’s share price has nearly doubled — making it one of S&P 500’s best-performing stocks for 2017 — so Cramer thought it was worth revisiting some of the casino names. […]
Read moreThe market rally has left RiverFront Investment Group Chief market strategist Kevin Nicholson bullish on earnings, but not complacent. Anticipating higher rate hikes from the Federal Reserve, Nicholson said RiverFront is moving investments into Europe and Asia. “We expect more volatility because last year, you had the fed raising rates from 0 to 1 percent […]
Read moreInvestor money gushed into stock-based funds during the first full week of trading in 2018, another potential trigger sign of an overheated market. “The bull capitulation begins,” Michael Hartnett, chief investment strategist at Bank of America, said in his weekly fund flow roundup. The numbers were stunning for a week during which stocks added around […]
Read moreFinancial markets are beginning to price in a more aggressive Federal Reserve this year. After the government reported this morning strong retail sales from the holiday season and higher than expected core inflation, probabilities for Fed rate hike probabilities shot up and moved into earlier months. Markets now fully expect two rate hikes this year […]
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Kohl’s stock rallied in premarket trading Friday after two Wall Street banks upgraded the company’s shares. Both J.P. Morgan and RBC Capital Markets cited Kohl’s improving same-stores sales (i.e., comp sales) in raising their ratings on the apparel department store. “We see Kohl’s as a rare large cap ‘value’ idea in consumer with its $75,000 […]
Read moreIn 2018, investors can expect another year of respectable economic growth, higher corporate profits, and rising equity markets. But there are rising risks. To help investors negotiate the shifting investment landscape we offer our portfolio tips for the coming year: Navigating the end of easy money: The last quarter of 2018 will be the first […]
Read moreJ.P. Morgan Chase on Friday revealed it took a huge loss from a trading-related loan to a single client in the fourth quarter. “Equity markets revenue was flat compared to a strong prior year and included the impact of a mark-to-market loss of $143 million on a margin loan to a single client,” the company […]
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Energy has gone from zero to hero this year. The sector drove a market rally Thursday, and pushed the S&P 500 to records, in what has been the great comeback story of 2018 so far. Nearly two weeks into the new year and energy has emerged as the best-performing sector. This as oil has surged […]
Read moreCheck out which companies are making headlines before the bell: Blackrock – The asset management firm reported adjusted quarterly profit of $6.24 per share, beating estimates of $6.02 a share. Revenue beat forecasts and the company also raised its quarterly dividend 15 percent to $2.88 per share. JP Morgan Chase – The bank beat estimates […]
Read moreBlackRock remains convinced the stock market has further to run, the chairman and CEO of the world’s largest money manager told CNBC on Friday. We’re “quite bullish,” Larry Fink said in a “Squawk Box” interview “We believe the U.S. economy and the global synchronized, global economies are strong enough to continue the upward bias on […]
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