To be aggressively optimistic on this stock market now is to bet that it can challenge the greatest bull market of all-time — the one that ended in early 2000. In terms of its cumulative gains, persistence, valuation and the public’s exposure to stocks, only the final years of the 1990s advance sit at higher […]
Read moreIt used to be common sense that investors couldn’t simply realize that it’s cold outside, buy shares in a “cold weather play” like Canada Goose and make money, CNBC’s Jim Cramer said on Friday. But in this market, Cramer has watched common-sense investing come back into the fold as a winning strategy. “Now, I’m not […]
Read moreIn an usual move for the executive branch, the White House’s top economic advisor, Gary Cohn, said he believes stocks are cheap. “I think the stock market — and some other pretty famous investors over the last 24, 48 hours have agreed with us — that the stock market is not expensive right now,” Cohn […]
Read moreA potential pot crackdown by Washington hit high-flying cannabis stocks late this week, and some traders are betting that one hot name is about to cool off even more. On Thursday, Attorney General Jeff Sessions announced that federal prosecutors will now be able to decide how to proceed when state legalization rules clash with federal […]
Read moreThe disappointing retail number in the Labor Department’s monthly nonfarm payrolls report shows Amazon‘s grip on the sector is “accelerating,” CNBC’s Jim Cramer said Friday. The Labor Department reported an unexpected loss of 20,000 retail positions during the holiday shopping season, bringing the number of jobs shed in the sector last year to nearly 70,000. […]
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Cisco Systems rose more than 1 percent to its highest level in nearly 17 years on Friday, after an analyst at Bank of America Merrill Lynch upgraded the stock. Analyst Tal Liani upgraded shares of Cisco to buy from neutral and raised his price target to $46 from $37. The new target is 18 percent […]
Read moreAngola, OPEC producer and one of sub-Saharan Africa’s largest economies, unveiled two economic overhauls this week. Central bank Governor Jose Massano and Finance Minister Archer Mangueira announced Wednesday that the country was to scrap its currency peg to the U.S. dollar, and instead allow the Angolan kwanza to trade within a band against the U.S. […]
Read moreThe retail industry is about to get a big boost from Republican tax cuts, setting the sector up “exceptionally well” in the new year, according to one of Wall Street’s biggest banks. Barclays raised its rating on Target and Lowe’s stocks on Friday, citing numerous benefits for the retail sector as a result of the […]
Read moreCheck out which companies are making headlines before the bell: Sears Holdings — The company announced Thursday it is closing 64 Kmart stores and 39 Sears establishments. Sears said the shutdowns are expected to start between early March and April. Constellation Brands — The beer maker reported better-than-expected quarterly earnings. The company also raised its […]
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Investors have been binging on Netflix this week, sending the stock to all-time highs. TradingAnalysis.com’s Todd Gordon says the streaming platform’s run is hardly done. According to Gordon, the stock just broke out of a consolidation near the $200 region, and based on one market theory Netflix is set to soar higher. Gordon is basing […]
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