Tax reform should boost business travel this year, according to Bank of America Merrill Lynch, and that in turn will boost shares of the country’s biggest airlines, including American Airlines, United Continental and Delta, the investment bank said. “We view tax reform as a significant positive for corporate spending (banks, media companies and even airlines […]
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Shares of Under Armour fell more than 4 percent in premarket trading Tuesday after one Wall Street firm downgraded the company to negative. Despite a 30 percent rally in the past eight weeks, the athletic clothing maker will reverse course and lose all of those gains over the next year, according to Susquehanna Financial Group. […]
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It appears the dash-for-trash strategy is already paying off for investors in the early days of 2018. “Losers have been doing well,” Bespoke co-founder Paul Hickey said Monday on CNBC’s “Trading Nation.” “The 20 best performing stocks as of the end of Friday were down a median of 11 percent last year.” The so-called Dumpster […]
Read moreCheck out which companies are making headlines before the bell: Under Armour — Analysts at Susquehanna downgraded the athletics apparel to “negative” from “neutral,” noting the Under Armour brand remains at risk. “Given poor brand distribution decisions, we believe UAA risks are becoming more like Reebok than Nike,” analysts said. Target — Target shares popped […]
Read moreWe all know why the stock market is at new highs: It’s a combination of the expanding global economy, record earnings and low rates. That’s the conventional narrative, and it certainly makes sense. But as earnings season begins in earnest on Friday, and with stocks at historic highs and interest in the markets increasing, many […]
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Volatility in the Treasury market has sunk to a multidecade low, and that could have sweeping implications for the bond market this year. Treasury volatility as measured by realized volatility in the U.S. 10-year Treasury note has fallen to a 52-year low, according to a new report from Bank of America Merrill Lynch. I believe […]
Read moreThe U.S. currency is set for another soft year despite a hawkish Federal Reserve that could hike interest rates up to four times in the next twelve months, a Goldman Sachs economist told CNBC Tuesday. “We still think the dollar is probably going to be relatively soggy, at least against the majors, probably against the […]
Read moreAs the stock market resumed its march higher on Monday, CNBC’s Jim Cramer pinpointed the main drivers fueling the monstrous rally. “First, let’s understand: this market is largely driven not by stock-pickers, but by index funds,” the “Mad Money” host said. “That index fund money comes in automatically, every day, over the transom. Billions of […]
Read moreThe cryptocurrency market may be just what is needed to lure millennials into trading, TD Ameritrade chief market strategist JJ Kinahan told CNBC on Monday. Digital currencies fell on Monday but have made huge gains over the past year. “People complain that we haven’t gotten millennials to trade. Maybe this isn’t the product I’d like […]
Read moreThe latest efforts to expand the way investors can buy bitcoins venture into the often misunderstood and potentially dangerous area of leveraged ETFs. A regulatory application from Direxion Asset Management seeks approval for five new funds — one that seeks straight-up correlation with the cryptocurrency, but four others designed to amplify price movements either up […]
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