The latest corporate earnings season is just getting underway and the analysts who track the results think it will be a very good one. S&P 500 profits are expected to have risen 11.2 percent in the fourth quarter of last year, according to UBS strategist Keith Parker. This would be the second-strongest earnings growth period […]
Read moreThe wave of sexual misconduct scandals that has hit the entertainment and corporate worlds in 2017 will have investment repercussions in 2018, private equity giant KKR warned clients. Investors should be on the lookout for companies whose executives get into trouble, the firm said, though it also cautioned that the options to protect against such […]
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Fundstrat’s Tom Lee predicts the market will have another double-digit percentage gain this year. “We are constructive on stocks in 2018, driven by earnings growth of +13% and slight P/E expansion, supported by strong global growth (tempered by rising core inflation),” Lee wrote in a note to clients Thursday. Lee shared his five major investment […]
Read moreSearch engines had already existed when Larry Page and Sergey Brin decided to take a chance by thinking up and presenting the world with Google. That risk paid off: 20 years later, the pair are worth more than $100 billion combined, according to the Forbes’ 400 list, and Google is a household name. If you […]
Read moreExpedia is “planting seeds for faster growth,” snapping up international hotels in Europe and Asia as a way to boost profits, according to one Wall Street firm. Morgan Stanley upgraded shares of Expedia to overweight, arguing that the company’s focus on expanding its overseas properties beyond the largest hotels should offer a better selection of […]
Read moreThe early days of 2018 may be pointing to another monster year for gains, but Wall Street legend Byron Wien believes the rally is in a danger zone. Wien, vice chairman of Blackstone Private Wealth Solutions, is warning investors that a 10 to 15 percent stock market pullback is virtually unavoidable. “Sentiment is bordering on […]
Read moreCheck out which companies are making headlines before the bell: Delta Air Lines – The airline reported adjusted quarterly profit of 96 cents per share, 8 cents above estimates, while revenue also beat forecasts. Delta also raised its 2018 earnings guidance to $6.35-$6.70 compared to consensus of $5.94, largely due to the effects of tax […]
Read moreThe bond market has gone wild. Treasury yields are on the rise, as the 10-year note yield on Thursday jumped to its highest level since March and the 2- and 5-year Treasury yields hit their highest levels since 2008 and 2011, respectively. This action has sparked talk of the multidecade bull run in bonds coming […]
Read moreFinancial earnings season begins Friday with several big banks reporting. Here’s what to expect: 1. This will be one of the best quarters in a long time. We are in one of the best macro environment in years, with the fastest pace of economic activity in 13 years, according to Goldman Sachs. Earnings for the […]
Read moreA sharp sell-off in bond markets this week spilled over into global equities with jitters that a near 30-year run bull run for fixed income could be coming to an end. Many investors are wary of the interplay between the two different asset classes, and many argue that rising yields (when bond prices fall as […]
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