The Dow’s break above 25,000 on Thursday shows that investors are not losing confidence in the markets, closely followed trader Art Cashin told CNBC. The Dow milestone “is a psychological thing,” said Cashin, UBS’ director of floor operations at the New York Stock Exchange. “But the important thing is the markets had a kind of […]
Read moreSome corporations have reacted to the passage of sweeping tax reform legislation by announcing stock buybacks, raising wages or planning to give bonuses. Sen. Rob Portman, R-Ohio, says the best news is yet to come. “I’ve talked to a number of CEOs over the past several months about the tax reform as it relates to […]
Read moreThe S&P 500 could surge 18 percent this year, according to UBS, which raised its 2018 target to 3,150, the highest on Wall Street, only three trading days into the year. The Dow Jones industrial average already crossed 25,000 on Thursday morning after a strong jobs report. The broader S&P is trading around 2,726 on […]
Read moreThe Dow has passed 25,000, quite an impressive move considering it hit 20,000 on January 17th last year, almost exactly one year ago. Many are still amazed that the market keeps advancing, but it’s not incomprehensible. It’s a global rally. Reuters reported that China would stick with GDP growth around 6.5 percent as a goal […]
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Domino’s Pizza remains “one of the best” stories in food retail and should remain a key player in delivery, according to one Wall Street bank. Shares of the world’s second-largest pizza chain jumped 3.5 percent Thursday after Credit Suisse upgraded its rating on the company’s stock, telling investors that the pizza restaurant should outperform in […]
Read moreCheck out which companies are making headlines before the bell: Tesla — The electric car maker released fourth-quarter auto delivery numbers that fell short of many Wall Street estimates. The company also pushed back production targets for its Model 3 sedan. Intel — CEO Brian Krzanich told CNBC the company will start rolling out fixes […]
Read moreJ.P. Morgan Private Bank is telling clients to buy the next sell-off, and the odds are high it’ll happen this year. Patrick Schaffer, a global investment specialist at the firm, says a correction as deep as 14 percent would not surprise him. “We don’t expect the markets to go up in a straight line. When […]
Read moreDisneyland and its related theme parks are sometimes called the happiest places on Earth. If you had invested in Disney itself 10 years ago, you might be partaking in some of that happiness, too. Financial website How Much took a look at some popular American stocks from ten years ago to find out how much […]
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The bond market’s entering a whole new cycle that would mark the end its decadeslong bull market. That’s according to veteran technician Louise Yamada, whose chart work suggests that a bond breakdown could be in the near future. First, Yamada, managing director of Louise Yamada Technical Research Advisors, pointed to a more-than-200-year chart of U.S. […]
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Shares of Intel fell 5 percent on Wednesday following reports that a security bug was present in the chip maker’s processors. According to one technician, who has been bullish Intel, the move presents the perfect opportunity for investors to buy the chip dip. “Shares are still above rising 50 and 200-day moving averages,” Piper Jaffray […]
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