Investors could be facing not only a tough year ahead but also a rough decade as dynamics shift and market returns get back to more normal levels, according to one forecast. Rising bond yields and a more aggressive Fed are two of the primary drivers behind what Stifel chief equity strategist Barry Bannister says will […]
Read moreGoldman Sachs and Citigroup are poised to take a major role in the sale of a portion of Saudi Arabia‘s state oil giant, which is expected to be the biggest initial public offering ever, according to multiple reports. Saudi Aramco aims to offer investors a 5 percent stake in the company this year. The IPO […]
Read moreShares of Dave & Buster’s fell more than 17 percent early Monday after the company cut its sales and profit outlook for 2017. CEO Steve King said the company had expected a slow start to the fourth quarter, but foresaw sales improving in December. However, sales did not improve during this traditionally strong season for […]
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Electronic Arts shares should outperform in 2018 despite a recent public relations headache involving its latest Star Wars game, according to one Wall Street firm. BMO Capital Markets upgraded EA’s stock to outperform Monday, arguing that investors overreacted to gamer outcry over the company’s attempts to monetize in-game content in its new Star Wars Battlefront […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are down after Friday’s record closing highs. We get consumer credit data this afternoon. -President Trump will focus on the economy as he speaks to the American Farm Bureau convention in Nashville today. TRUMP TRADE -President […]
Read moreCheck out which companies are making headlines before the bell: Snap — Analysts at Jefferies downgraded the social media company’s stock to “hold” from “buy,” with analysts noting that “fundamental execution needs to be shown before we can be more positive on the name.” Pandora — Morgan Stanley downgraded the music streaming service to “equal […]
Read moreThe year 2017 was a good year to be an investor. The Dow Jones Industrial Average just passed through the 24,000 level for the first time ever. The S&P 500, a broader measure of the market, finished higher in November, making it 13 months in a row of gains, also a record. Both indices are […]
Read moreShares of Caterpillar rose in premarket trading Monday after J.P. Morgan upgraded the stock, citing expectations for another strong year ahead in light of the Republican tax reform. “Although we missed out on Caterpillar’s outperformance in 2017, we believe that there is still significant upside to the stock,” analyst Ann Duignan wrote in a note […]
Read moreUnited Technologies shares are ready to outperform the Dow Jones industrial average mightily this year after the aerospace leader trailed the benchmark the previous 12 months, Goldman Sachs believes. Goldman upgraded United Technologies to buy from neutral to start the week. The firm’s new 12-month price target of $173 represents a gain of 31.5 percent […]
Read moreThe Dow and S&P 500 aren’t the only ones to post a record week to start the year. Global markets like Japan’s Nikkei and the German DAX also had strong starts to 2018. Some market watchers see opportunities abroad as equity valuations in the U.S. appear historically stretched. The emerging markets ETF, the EEM, just […]
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