American Express stock rose Wednesday after Deutsche Bank initiated coverage on the card company with a buy rating. A renewed focus on small business helps prove that American Express’s model remains “intact,” while its devotion to super prime and affluent customers bodes well for 2018, according to analyst Ashish Sabadra. “We are initiating coverage on […]
Read morePolar blast from 'bomb cyclone' should boost natural gas prices, set stage for late winter shortages
Natural gas futures, dipping on a warmer long term forecast, are likely to spike again after freezing weather takes another big bite out of gas supplies later this week. The normally very abundant supply of U.S. natural gas could be put to the test this season and could actually see some spot shortages by the […]
Read moreOil prices are poised for a pullback after hedge funds and money managers raised their bullish bets on energy futures to record levels, analysts say. Speculative bets that U.S. crude prices will rise have surged since September as OPEC and Russia hammered out a deal to continue capping their oil production. The deal has helped […]
Read moreThe sporting goods sector in retail isn’t shaping up to be all doom and gloom in 2018, despite some nasty headlines last year. Wells Fargo on Wednesday upgraded Dick’s Sporting Goods to outperform, also raising the firm’s price target on shares to $35 apiece, up from $26. The stock closed Tuesday at $29.49, having fallen […]
Read moreRetail’s darling could be in trouble in the new year. As shoppers have flocked to off-price stores like TJ Maxx and Marshalls for a less-expensive, one-stop shopping fix, sales mushroomed and put added pressure on America’s department stores. For much of 2017, Wall Street cheered the unique “treasure hunt” experience these stores provide, saying the […]
Read moreAfter working through the lingering effects of a fake account scandal, Wells Fargo will thrive in the coming years, according to one Wall Street firm. Bernstein raised its rating for the bank’s shares to outperform from market perform, predicting a big boost to Wells Fargo’s earnings from tax reform. The bank could have a $2.5 […]
Read moreInvestors can make a sizable fortune after listening to Wall Street superstar Byron Wien’s surprise predictions for the new year, CNBC’s Jim Cramer said Wednesday. The vice chairman of Blackstone’s private wealth solutions group issued an annual note Tuesday with his 10 predicted surprises for 2018. Among them, Wien sees a stock correction this year […]
Read moreThe protests spreading across Iran pose no immediate threat to the nation’s oil exports, analysts said. However, the unrest could cause the Trump administration to take an even tougher stance against Iran, increasing the odds of a major supply disruption. Iran has restored its oil production to nearly 4 million barrels a day since an […]
Read more
United Technologies shares rose nearly 1.5 percent after RBC Capital Markets upgraded the industrial giant and Dow Jones industrial average member. RBC Capital Markets upgraded the stock to outperform from sector perform Wednesday, arguing that recent underperformance is likely to subside and shares could pop 25 percent this year. “We view United Technologies as a […]
Read moreSometimes it feels like silver has become the forgotten metal, as gold comes off its best year since 2010 and silver gained merely half as much in 2017. But there’s good reason to be bullish on silver at the start of the year. Silver’s recent setup gives us reason to believe there is a seasonal […]
Read more