We may be testing the limits of how far we can push the “tax cut” trade. Since early last week, when momentum in Washington really picked up, sectors that would see the biggest earnings boost from tax cuts have been notable outperformers. But there may be limits to how far investors can push this trade. […]
Read moreThe ISM non-manufacturing index is due out Tuesday shortly after the market opens, and one strategist is watching the report for clues to broad economic health and whether its bullish market sentiment is supported. The non-manufacturing report is set to come out days ahead of the closely watched U.S. employment situation report on Friday morning, […]
Read moreThe race to get bitcoin futures is now on. The CBOE announced Monday it would begin trading bitcoin futures on Sunday evening at the start of global trading hours. The first full day of trading would be on Monday, Dec. 11. That would beat the CME, which has announced it, too, will begin trading bitcoin […]
Read moreIt’s been less than six months since Amazon announced its deal to buy Whole Foods, but for CNBC’s Jim Cramer and many of the country’s supermarket chains, it’s felt like years. “On that fateful day, June 16, the whole supermarket sector got beaten to a pulp, with many of the grocers seeing their stocks fall […]
Read moreCNBC’s Jim Cramer has found that certain companies have started to “change the narrative” with strategic mergers and acquisitions when doubt falls on their well-being. “Today we got two classic changes of narrative, one from Disney and the other from CVS Health,” the “Mad Money” host said, referring to Disney’s revived deal talks with Twenty-First […]
Read moreKeith Parker, new UBS chief U.S. equity strategist, is looking for the S&P 500 to end next year at 2,900, a healthy gain from its current 2,650 level. But with the right mix of tax law juice, a case can be made where it leaps ahead to 3,300, he said. The details of a final […]
Read moreIt’s OK to buy stocks before the Republicans pass their tax cut bill, but investors should sell immediately after that, closely followed strategist Jim Paulsen told CNBC on Monday. “I think it’s going to get passed, but I think it’ll be a little bit watered down. Maybe a higher corporate tax rate than what’s out […]
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Buying Home Depot, General Electric, Nike and Goldman Sachs in December has been a good trade, history shows. Home Depot‘s stock averages a return of 4.89 percent in the final month of the year — the best out of any Dow Jones industrial average component — and trades positive 67 percent of the time in […]
Read moreBlue Apro stock surged 21 percent Monday, after Barclays said the company could be reaching a “stabilization point” given its disappointing performance since its last earnings report. Shares of the company had fallen roughly 15 percent since its November earnings call, and they may have finally bottomed, according to analyst Ross Sandler, who upgraded the […]
Read moreCheck out which companies are making headlines before the bell: CVS Health — The health-care company agreed to buy insurance company Aetna for around $69 billion in cash and stock, or $207 per share. The deal is expected to close in the second half of 2018. Aetna shares rose 3.5 percent in the premarket. Walt […]
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