With bitcoin‘s meteoric rise in value, some investors are wondering if using it to purchase another digital asset means they can delay paying taxes on their gains. Under the GOP tax bill expected to be voted on next week, the answer is no. Because the Internal Revenue Service views bitcoin as property rather than a […]
Read moreShares of Tiffany & Co. jumped 4 percent Thursday after Citigroup upgraded the luxury retailer to buy, saying the jeweler is “starting to show some shine.” “The third quarter brought several positive inflection points, new management is showing us that they understand the challenges and opportunities, and they are not sitting still,” Citi analyst Paul […]
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Bitcoin is now sizing up to be what could be the biggest market bubble of all time. According to Birinyi Associates, bitcoin now looks to be bigger than any of the 10 other market bubbles it studied including the the tech bubble, beanie babies, the Dow in 1929 and the silver bubble of the late […]
Read moreThe Republican plan for a major tax overhaul may not be fully priced into the market, closely followed trader Art Cashin told CNBC on Thursday. Stocks opened higher Thursday, a day after news broke that House and Senate negotiators have reached a deal on a tax plan. The two chambers hope to send legislation to […]
Read moreDisney wants to win the streaming wars by having three distinct products: A family-friendly movie and TV service, a sports streaming platform and an adult-focused Hulu. “We think it’s quite a compelling opportunity for the company, and we think it’s really compelling from a consumer perspective,” Disney CEO Bob Iger told CNBC’s David Faber on […]
Read moreDisney’s strategy of buying key media content assets from Twenty-First Century Fox to beef up content for its own streaming services will not work, according to one Wall Street firm. On Thursday, Disney announced a deal to acquire certain Twenty-First Century Fox assets including movie studios and cable entertainment properties. “We are weighing in – […]
Read moreDespite a host of challenges facing consumer staples, Coca-Cola, Pepsi and Dr Pepper Snapple Group all buying opportunities, according to Deutsche Bank. With analysts across Wall Street cautious on the space due to new competition and pricing pressure, analyst Steve Powers argues that traditional beverages companies are up to the task. “The door has opened […]
Read moreMainstream market forecasters are taking a serious look at the bitcoin boom — noting a bust could cause collateral damage in the stock market. Nuveen Asset Management’s Bob Doll is one of them. He acknowledges that a potential cryptocurrency crash could have a spillover effect, even though it’s not included in his official 2018 stock […]
Read moreInvestors should buy Lululemon shares because of its growth prospects overseas, according to one Wall Street firm. Deutsche Bank raised its rating for the apparel retailer’s shares to buy from hold, predicting Lululemon will report sales above expectations. The call sent the stock up 2 percent during Thursday’s premarket session. “Lululemon drives enormously strong customer […]
Read moreCheck out which companies are making headlines before the bell: Twenty-First Century Fox – Fox announced a deal to sell film and TV assets to Walt Disney for $52.4 billion in stock. The companies expect the transaction to close by June 30, 2018. CBS – Stephens began coverage of CBS with an “overweight” rating, focusing […]
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