At the end of the day, CNBC’s Jim Cramer knows investors are only human. That’s why the “Mad Money” host has come up with a set of investing rules to help guide them through the emotion and the fallibility that can come with being involved in stocks. One of Cramer’s most important rules has to […]
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As Congress moved the tax bill forward, investors pulled the highest amount out of equities funds in more than three years, suggesting some investors may see “tax cuts” as already priced in. According to Bank of America Merrill Lynch, redemptions from equities funds and ETFs totaled $14.5 billion, the fourth largest on record, and the […]
Read moreOptions traders are making bullish bets on Regions Financial and Bed Bath & Beyond as a way to play tax reform. Over the past week, investors have bought more than 37,000 calls at the January 20 strike price in Regions Financial, according to Jon Najarian, Najarian Family Office co-founder and “Halftime Report” contributor. These calls […]
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Quietly, while bitcoin and bitcoin mining have been grabbing headlines, actual metals and miners have been on a tear. The S&P metals and mining exchange-traded fund, the XME, has jumped nearly 13 percent in the last month, rising in 14 of the last 16 sessions. Some market watchers see further upside ahead. “We’d still be […]
Read moreCheck out which companies are making headlines before the bell: Nike – Nike reported quarterly profit of 46 cents per share, beating estimates by 6 cents a share. The athletic footwear and apparel maker’s revenue also beat forecasts. Investors are also focusing on a drop in gross margins, a by-product of intense price competition. Chubb […]
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Financials have surged 7 percent in the last month, and Todd Gordon of TradingAnalysis.com says they’ll continue to rally into 2018. According to Gordon, the current economic outlook seems to be in favor of bank stocks, thanks to recent moves in one area of the market: bonds. “Bonds are pressing lower, and yields are in […]
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Credit Suisse and Canaccord Genuity joined a growing list of top Wall Street banks that have raised their 2018 outlooks for U.S. equity markets before the year has even started. The two echoed peers in citing the Republican tax bill in adjusting their S&P 500 targets higher, with a reduced corporate tax rate expected to […]
Read moreU.S.-based equity funds posted $22.2 billion of outflows in the week ended Dec. 20, the largest cash withdrawals for 2017, according to Lipper data on Thursday. U.S.-based equity mutual funds posted $12.2 billion of outflows in the week ended Wednesday, extending weekly cash withdrawals for most of 2017. And U.S.-based stock ETFs posted $10 billion […]
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Bitcoin and several other major cryptocurrencies plunged Thursday evening New York time as the end of an exponential year of growth neared. The slashing decline triggered temporary, built-in trading halts in the bitcoin futures traded on the CME and Cboe. Bitcoin plunged more than 20 percent to a low of $12,504 according to CoinDesk, down […]
Read moreAs 2017 comes to a close, CNBC’s Jim Cramer has noticed that one of the market’s starkest features is its shortage of stock. “We don’t have enough shares to go around. That’s how I feel about this incredibly strong year and the uber-bullish reaction to tax reform,” the “Mad Money” host said. “There’s just not […]
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