Stocks could see more bumpy trading ahead, after the S&P 500 and Nasdaq each suffered their first three-day string of losses since August. But the seasonal tailwinds of December could take over and send stocks higher after more rocky trading, technicians and strategists say. “When you have a reversal like you had [Monday] traditionally you […]
Read moreSteve Schwarzman, chairman and CEO of Blackstone, calls the tax reform working its way through Congress a “game changer.” The billionaire former advisor to President Donald Trump as part of his policy forum, told CNBC’s “Halftime Report” on Tuesday that the bill was “actually sort of a game changer because there has been enormous frustration […]
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Goldman Sachs remains pro-risk in equities, but the investment bank’s top strategists say “time is running out for Goldilocks.” An economy growing at just the right speed to support stock prices but not trigger inflation will soon end as consumer prices and rates start creeping higher next year, according to the report from the global […]
Read moreThe trading environment is decidedly less exciting than it was during last year’s post-election rally, as JPMorgan Chase‘s chief financial officer points out. Revenue from sales and trading at the bank is running 15 percent lower so far in the fourth quarter compared to this point in the same period last year, Marianne Lake told […]
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Investors need to be careful on small-cap names heading into 2018 despite better-than-expected performance this year, according to Jefferies. Though strategist Steven DeSanctis admits he was “way too conservative” with his 1410 Russell 2000 target, he isn’t necessarily changing his wary views. “We see another year of low returns for small with the Russell 2000 […]
Read moreThe continuing rapid ascent of global equities combined with rising interest rates has some financial analysts predicting inevitable recession in the near future. “We think the (Federal Reserve) will continue to tighten pretty steadily over the course of the next couple of years or so, but we’re starting to think that the end of the […]
Read moreShares of Bank of America rose 1 percent in Tuesday premarket trading after the bank announced it would be buying back an additional $5 billion worth of shares. The Board of Directors approved the additional repurchase, which will occur through June 2018. The company had previously announced plans to repurchase $12 billion in common stock […]
Read moreCheck out which companies are making headlines before the bell: AutoZone — The auto-parts retailer posted better-than-expected quarterly earnings and revenue, sending its stock nearly 7 percent higher in premarket trading. Same-store sales — a key metric for retailers — rose 2.3 percent in the quarter, also surpassing estimates. Toll Brothers — Toll Brothers reported […]
Read moreWhen the stock market soars to new altitudes, as it has this autumn, there’s usually uneasiness among many investors about a potential drop or correction, promoting concerns about portfolio volatility. The age-old diversification strategy of reducing risk by moving more into bonds won’t work so well in a rising interest rate environment, as this may […]
Read moreChina’s stock market is having a banner year, and Asia expert Stephen Roach sees reasons for investors to be optimistic — but not without a caveat. If the right steps aren’t taken, he warns, a stock market shock could come from outside its borders. “There’s just been a progression in the advances that North Korea […]
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