Embraer – Embraer and Boeing have announced a new joint venture which will create a separate company focusing on commercial aviation. Boeing will own 80 percent of the new company, Embraer 20 percent, with the venture having a total value of $4.75 billion. Tesla – Tesla allegedly eliminated a standard brake test as it raced […]
Read moreConcerns about oil and other commodities have been “oversold,” and even those most exposed to the risks of a U.S.-China trade war are worth buying, Goldman Sachs said in a Wednesday research note. In June, some commodities saw traders concerned about demand weakness in emerging markets, trade war rumblings, and oil producers’ decision to increase […]
Read morePatrick Kaser, managing director and portfolio manager at Brandywine Global, believes free cash flow is a key determining factor in whether or not a company will be a lucrative investment. Earnings, however, are not always indicative of a successful company. “There are many ways to manipulate earnings, earnings per share, GAAP, non-GAAP, but there’s very […]
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As America gets set to celebrate its 242nd birthday with multi-colored fireworks bursting in air, the suppliers of those pyrotechnics are starting to worry about whether they’ll get stuck in the middle of a trade war. So far, the Trump administration has not included the $1.24 billion fireworks industry on its list of China tariff […]
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Oil prices will rise more than previously expected in the second half of 2018, as the Trump administration aims to wipe out Iranian crude exports by November, Morgan Stanley forecasts. The tougher-than-anticipated U.S. policy means Iran’s production could fall by 1.1 million barrels per day (bpd) at a time of high oil demand. The bank […]
Read morePepsiCo’s profitability will suffer due to commodity price inflation this year, according to Deutsche Bank. The firm lowered its rating on PepsiCo shares to hold from buy, predicting the company will report earnings below expectations this year. Analyst Steve Powers reduced his earnings per share forecast for PepsiCo’s fiscal 2018 to $5.62 from $5.69 versus […]
Read moreFinancial stocks were thought to be the market’s darlings at the beginning of 2018, as a marriage between the Trump administration’s deregulation efforts and an increasingly hawkish Federal Reserve should have created the sector’s picture-perfect environment. The price action couldn’t have been more different. Financials badly underperformed the broader market in the first half of […]
Read more“You got to know when to hold ’em, know when to fold ’em,” Kenny Rogers sings in his ballad “The Gambler.” Gaming stocks investors should give a listen. Shares of Wynn Resorts, Las Vegas Sands and MGM Resorts fell nearly 8 percent, 6 percent and 3 percent, respectively after Macau gambling revenue results fell short […]
Read moreCheck out the companies making headlines before the bell: Amazon.com – Amazon announced that its annual “Prime Day” would begin on July 16 and run for 36 hours, up from last year’s 30 hours. eBay – eBay said it would offer “thousands of exclusive deals” on July 17, in a press release that appears directly […]
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Investors may be obsessing over Trump trade policies, but another government body could really be driving the sell-off: the Fed. Since the Fed raised rates on June 13 for only the seventh time since the financial crisis, the Dow has fallen by more than 1,000 points, while the S&P 500 has dropped 2 percent. The […]
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