Investors are scrambling to determine which companies will benefit most from President Donald Trump’s policy initiatives, including the current Republican plan for tax cuts. JPMorgan’s top analysts weighed in on the discussion, with Dubravko Lakos-Bujas – the bank’s head of U.S. equity strategy – telling clients that corporate tax cuts spell a “goldilocks” scenario for […]
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Nike shares have moved into high gear, surging nearly 30 percent this year to their highest level since 2016, and Larry McDonald of the Bear Traps Report says the Dow stock may have run too far, too fast. The athletic apparel maker has been on a tear this week, rallying nearly 6 percent and outperforming […]
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Goldman: Earnings from these retailers, including Best Buy and CarMax, will surge under GOP tax plan
President Donald Trump and the Republican Congress will likely pass tax reform in the near future. Goldman’s retail analyst believes retail stocks will be big winners from tax reform. The Republican current deal reportedly features a corporate tax rate reduction to 21 percent from 35 percent, starting in 2018, and a top individual rate of […]
Read moreIf you missed this year’s stock rally, fear not: Equities will go higher next year, according to Richard Bernstein, the CEO of Richard Bernstein Advisors. “Earnings around the world are still accelerating,” Bernstein told CNBC’s “Power Lunch” on Thursday. “It’s really hard to get a bear market going when earnings are accelerating.” He also noted […]
Read moreFoot Locker shares could rocket higher next year as footwear trends bottom in 2017, according to Canaccord Genuity, which upgraded the stock to buy from hold. Calling the retailer’s relationship with Nike “strong and symbiotic,” analyst Camilo Lyon told clients that footwear trends are set to improve with sustained growth in athletic options. “It was […]
Read moreThe disastrous year for Teva Pharmaceutical shareholders will improve in 2018, according to one top Wall Street firm. Goldman Sachs raised its rating to buy from neutral for the generic drugmaker, citing the company’s aggressive cost-cutting targets for the next two years. The call sent the stock up 4 percent during Friday’s premarket session. “TEVA […]
Read moreCheck out which companies are making headlines before the bell: Oracle — The business software giant reported adjusted quarterly profit of 70 cents per share, 2 cents a share above estimates. Revenue also beat forecasts and the company also added $12 billion to its share buyback program. Oracle gave weaker-than-expected guidance for growth of its […]
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Tesla recently climbed out of bear market territory, and one chart-minded trader sees an even bigger comeback in the cards. Shares of the electric auto maker surged 7 percent this week after Pepsi announced it preordered 100 of the new Tesla Semi trucks. The stock is still down more than 10 percent from its recent […]
Read moreBitcoin: it’s electric. Well, indirectly, anyway. Electricity consumption domestically and around the world is rising on bitcoin mining fervor, according to media reports citing Digiconomist data on bitcoin-related energy consumption. Investors can capitalize on the surge in electricity consumption by way of bitcoin mining through buying several names in the energy and power space, according […]
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Ripple is vying with bitcoin cash to be the third-largest cryptocurrency by market value. Ripple, or XRP, surged 89 percent Thursday to a record high of 89.2 cents and was last trading near 81 cents, giving it a market value of $31.6 billion, according to CoinMarketCap. Those gains temporarily pushed ripple’s market value past that […]
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