If you are wondering which currency, other than the U.S. dollar, to hold at the start of a new year, past trades show you’ll be better off with euros. Using data analytics platform Kensho, CNBC looked at the average return when holding sterling, euros and the yen against the dollar at the start of a […]
Read moreInvestors haven’t been big believers in Tesla the last few days. The stock is down 5 percent in the past week, and falling back into bear market territory after renewed fears over the company’s Model 3 production had investors hitting the sell button. As far as the stock’s future performance is concerned, it all comes […]
Read moreCheck out which companies are making headlines before the bell: Apple — Chief Executive Officer Tim Cook‘s total compensation for fiscal year 2017 jumped by 47 percent to $12.8 million. Other top executives also got sizable raises for the fiscal year ending in September, as the company surpassed annual sales and profit goals. Amazon.com – […]
Read moreAs equity markets in the U.S. look to cap off a stunning year full of record winning streaks, all-time highs and strong returns across multiple asset classes, investors are left wondering: What will 2018 hold? The “single most important” trade for the market next year will lie not in the stock market, but rather in […]
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The economy could be signalling too much of a good thing for stocks. James Paulsen, chief investment strategist at Leuthold Group, warns that the Citi Economic Surprise Index is at one of the highest levels it’s ever been at and the third highest in the post-financial crisis recovery. The Citi surprise index is seen as […]
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Despite mounting pressures over its iPhone X, Apple is still a compelling buy, according to Craig Johnson of Piper Jaffray. A report by Taiwan’s Economic Daily earlier this week that Apple would cut its forecast for the iPhone X sent Apple shares tumbling 2.5 percent on Tuesday. The stock failed to recover from those losses […]
Read moreClosely followed strategist Jeff Saut told CNBC on Wednesday that he expects the stock market to grind even higher in the new year. “I would expect 2018 to be an almost repeat of 2017,” said Saut, chief investment strategist at Raymond James. “People are still way underinvested. Earnings are starting to come in better than […]
Read moreThe stock market is at record highs. The S&P is nearly at an eye-popping level of 2,700- with some analysts predicting that it will hit 3,000 before the year-end. This bull market is the second longest ever with over eight years of rising stock prices. But will the good times keep rolling in 2018? Wall […]
Read moreBitcoin is in for a potentially wild ride in 2018 that will end with a modest drop from the current price, the first Wall Street analyst to write about the crypotcurrency said Wednesday. Nick Colas, co-founder of DataTrek Research, has been following the bitcoin phenomenon for at least four years. Looking ahead to 2018, he […]
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Nearly every equity market in the world saw solid returns this year, and the U.S. is no exception. The S&P 500 is on pace for its best year since 2013, with a nearly 20 percent gain, year to date; the Dow Jones industrial average achieved a record number of all-time highs. The upside is likely […]
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