Check out which companies are making headlines before the bell: Alibaba – Alibaba’s Ant Financial Services affiliate has ended its agreement to buy payment services company MoneyGram, following objections by federal regulators. The companies were unable to garner the approval of the Committee on Foreign Investment in the United States, which reviews acquisitions by foreign […]
Read moreNo dynamic could be more important in 2018 for investors than how the Federal Reserve manages what should be an accelerating economy. The question essentially becomes whether growth gets too strong. In that case, where GDP shows sustained gains above 3 percent and the Fed finally starts hitting its 2 percent inflation target, the central […]
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This year could prove to be another big year for biotech stocks after an impressive run in 2017. The SPDR S&P Biotech exchange-traded fund (XBI), was among the best-performing U.S.-listed ETFs last year, with a 43 percent annual gain. The only ETF that outperformed it was the iShares U.S. Home Construction ETF. A handful of […]
Read moreStocks are poised for another year of strong gains on the back of 2017’s big jump, according to a simple chart put together by strategists at Credit Suisse. The S&P 500 has gained more than 18 percent in a year 20 times since 1951, the chart shows. Those gains have been followed up by an […]
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Stocks could pop nearly 20 percent in 2018 according to a contrarian indicator from Bank of America Merrill Lynch which predicted last year’s surprising surge. The investment bank’s so-called Sell Side Indicator measures the average equity allocation recommended by its fellow Wall Street bank peers. The indicator shows Wall Street is still not very bullish […]
Read moreDepartment stores so far are having a happy new year. Encouraged by momentum from early holiday sales results, and anticipating more good news for the industry later this month, Wall Street was cheering these retailers Tuesday, sending their stocks higher. Shares of J.C. Penney climbed more than 8 percent, Kohl’s and Nordstrom were up about […]
Read moreThe U.S. is capable of reaching of 3 percent GDP this year, but growth is likely to slow after that, strategist David Kelly told CNBC on Tuesday. Productivity “really is the key,” said Kelly, chief global strategist at J.P. Morgan. The unemployment rate could “go down to its lowest level since 1969. Three-point-four percent by […]
Read moreThe world is moving toward crisis and a state of “geopolitical depression” as the presidency of Donald Trump accelerates divisions among citizens and the unraveling of the global order, risk consultancy Eurasia Group warns. Liberal democracies are suffering from a deficit of legitimacy not seen since World War II, and today’s leaders have largely abandoned […]
Read moreApple‘s iPhone battery problem isn’t a big deal and investors shouldn’t sell their stock, CNBC’s Jim Cramer said Tuesday. The tech giant announced customers can now replace batteries on the iPhone 6 or later models for $29. It came after the revelation that its software slows down older phones to protect battery stability. “How many […]
Read moreLululemon expectations have improved so much that the upside opportunity has evaporated for investors, according to Citigroup. Despite solid holiday performance and “product newness” driving sales at the athletic apparel retailer, Citi analyst Paul Lejuez downgraded shares of Lululemon to neutral Tuesday. “We believe expectations are now elevated for a strong fourth quarter and continued […]
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