Amazon’s robust holiday sales bode well for a fourth-quarter beat and show the e-commerce giant’s “significant momentum” heading into 2018, according to one Wall Street firm. GBH Insights reiterated its “highly attractive” rating for Amazon shares, citing the growing success of the company’s Prime membership platform. “Our surveys continue to indicate that Prime membership remains […]
Read moreCheck out which companies are making headlines before the bell: Apple – Apple faces multiple lawsuits in federal courts over its admission that it adjusts power in older phones to prevent possible shutdowns. The suits claim Apple defrauded iPhone users by slowing down their devices without warning. Harley-Davidson – Harley is expanding its “Riding Academy” […]
Read moreWill 2018 be a more “normal” year? 2017 was a year of surprises, but for 2018, not surprisingly, things are expected to be more, well, normal. Which is why you should be suspicious. It’s true — by almost all measures, 2017 was one of the most extraordinary years in the history of the stock market. […]
Read moreAs 2017 draws to a close, oil is rallying hard as OPEC supply cuts — combined with improving global demand — support the market. Next year, however, is a different story. We see two conflicting views for crude in the coming year that could weigh on oil prices. On Tuesday, WTI crude surged to its […]
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Oil prices surged to more than 2½-year highs Tuesday on reports that a pipeline explosion in Libya has disrupted a big chunk of the country’s crude supply. International benchmark Brent crude rose $1.50, or 2.3 percent, to $66.75, after hitting an intraday peak of $66.89, its highest level since May 2015. Meanwhile, U.S. West Texas […]
Read morePresident Donald Trump‘s signing of a major tax overhaul bill will distort the so-called Santa Claus rally, closely followed trader Art Cashin told CNBC on Tuesday. Stocks opened lower Tuesday, four days after Trump signed the Republicans’ tax bill into law, which included lowering the corporate tax rate to 21 percent from 35 percent. The […]
Read moreGreenlight Capital’s David Einhorn, who is known for his prescient short bets against stocks like Lehman Brothers, shared the top reasons for his stellar hedge fund career. The billionaire hedge fund manager was asked what he believed is most important factor for his investing success during an Oxford Union event last month. “If I had […]
Read moreFarr, Miller & Washington is a “buy-to-hold” investment manager, which means we make each investment with the intent to hold the position for a period of 3-5 years. Nevertheless, in each of the past twelve Decembers I have selected and invested personally in ten of the stocks we follow with the intention of holding for […]
Read moreIf the cryptocurrency boom goes bust, stocks could easily be dragged into the chaos, Wells Fargo Securities says. Christopher Harvey, the firm’s head of equity strategy, is paying close attention to the unprecedented activity in what could be one of the most epic bubbles of all time. “There is a significant amount of froth in […]
Read moreIn many ways, individual investors are often their own worst enemies, as CNBC’s Jim Cramer has learned over the years. “If you want to invest wisely, you constantly need to be fighting off your own worst impulses,” the “Mad Money” host said. “We’re not robots, we have emotions, and those emotions can really throw you […]
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