Internet stocks have crushed the market this year, and one Wall Street firm believes the strong performance will continue. Jefferies’ research team shared its top internet stock ideas in a note to clients Thursday. “We take a deep dive into the current state of the internet and interactive entertainment sectors, examining themes such as cloud […]
Read moreNew methods for treating the rising opioid epidemic in America may be found in the brains and behavior of drug-addicted tropical fish, says a new study. A team of researchers from the University of Utah Health got a tank full of zebrafish hooked on opioids and found they showed many of the same drug-seeking behaviors […]
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Investors are fleeing U.S. stocks in a way they haven’t since 2004. For 10 straight weeks a total of $30 billion has left U.S. stocks, marking the longest streak of outflows since 2004, Bank of America Merrill Lynch said in a Thursday report, citing EPFR Global data. Investors turned instead to emerging markets and European […]
Read moreA U.S. Democratic senator on Friday questioned the Federal Trade Commission’s quick approvalof Amazon‘s purchase of Whole Foods Market this week, less than three months after the $13.7 billion deal was announced. The FTC said on Wednesday that it had ended its antitrust investigation without seeking a second request for additional information on a deal […]
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After a disappointing few years for precious metals investors, gold is finally taking the lead. With a 12.2 percent year-to-date rally for gold futures and a 9.3 percent year-to-date rise for the S&P 500, 2017 is set to be the first year in which the yellow metal has beaten stocks since 2011. In that year, […]
Read moreIt’s not just food safety issues affecting Chipotle now. Rising food costs are increasingly a problem for the restaurant chain’s profitability, says one Wall Street firm. Credit Suisse lowered its price target and reiterated its neutral rating for shares of the burrito restaurant chain, citing risk to future earnings due to higher avocado prices. “We […]
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Hurricane Harvey could barrel into the U.S. Gulf Coast as a Category 3 hurricane, an event that has historically tended to send utilities and insurance stocks lower. Harvey is quickly turning into the worst hurricane to hit the U.S. mainland in more than a decade, and is expected to strengthen from a Category 2 to […]
Read moreGasoline prices surged over the last two days as Hurricane Harvey headed toward the U.S. Gulf Coast refining hub, but analysts warned that the price difference against crude oil could come crashing back down next week. The weather event is pushing up gasoline prices because a number of refineries have shut down. Flooding threatens to […]
Read moreWall Street punished GameStop on Friday, a day after the company posted weaker-than-expected earnings and margins. The stock price was down more than 13 percent Friday afternoon. Despite strong revenue and same store sales, GameStop’s earnings per share fell just shy of estimates. The video game retailer posted adjusted second-quarter earnings of 15 cents per […]
Read moreFederal Reserve Chair Janet Yellen has been scrupulously avoiding discussion of specific details on the future of monetary policy, leaving economists to draw inferences from her sentiments about the health of the overall economy. “If you hear Janet Yellen say something like, ‘Well, gee, we really don’t think that lending has grown excessively,’ that’s a […]
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