The Dow Jones Industrial Average (DJIA) headed higher out of the gate on positive earnings reactions for Cisco Systems (CSCO) and Wal-Mart (WMT). The surge in consumer discretionary and tech stocks helped lift the S&P 500 Index (SPX) and Nasdaq Composite (IXIC), too, while the bullish flames were only further stoked after the House passed its version of a business-friendly GOP tax plan. By the tim...Read More
U.S. stocks are exploding higher, after news hit that the Republican tax reform bill passed the House. Among the stocks making big movesare specialized pharmaceutical manufacturer Diplomat Pharmacy Inc (NYSE:DPLO), online payment issue PayPal Holdings Inc (NASDAQ:PYPL), and global media concern Viacom, Inc. (NASDAQ:VIAB). Here's a quick look at what's moving shares of DPLO, PYPL, and VIAB.DPLO Am...Read More
Semiconductor stock Broadcom Ltd (NASDAQ:AVGO) has been all over headlines lately, forits efforts at an unsolicited buyout bid for Qualcomm (QCOM). Micron Technology, Inc. (NASDAQ:MU), on the other hand, is a red-hot chip stock that has been slightly more under the radar. Both stocks found themselves on our list of best stocks to own during Thanksgiving week. Below, we will take a look at AVG...Read More
It's been a tough week for oil prices, which appear to be on track to snap their five-week winning streak as supply and demand woes resurface. And while crude futures are stabilizing today, the damage has already been done to energy stocks. Devon Energy Corp (NYSE:DVN), for instance, is on track to log its first weekly loss since Oct. 20. If past is precedent, DVN could be headed even lower next w...Read More
The Dow is in rebound mode today, up nearly 200 points thanks to strong blue-chip earnings and a just-passed tax reform bill in the House. What's more, a couple of Dow stocks could outperform in the short term, if recent history is any indicator. Below, we'll explain why Nike Inc (NYSE:NKE) and UnitedHealth Group Inc (NYSE:UNH) stocks should be on your bullish radar right now.Nike Stock Rocks Befo...Read More
The 20 stocks listed in the table below have attracted the highest total weekly options volume during the past 10 trading days. Stocks highlighted in yellow are new entries to the list. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. Two names to note are streaming content giant Netflix, Inc. (NASDAQ:NFLX) and semiconductor stock NVIDIA Corporation (NASDAQ:NVDA). Below we'...Read More
The Dow Jones Industrial Average (DJIA) is exploding higher today, thanks to big earnings reactions from Wal-Mart (WMT) and Cisco Systems (CSCO). The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are sharply higher as well, as stocks bounce back from two straight down days across Wall Street. Investors arekeeping a close eye on this morning's economic data and an expected House of Representative...Read More
Brazilian stocks put in a strong run in the third quarter on an upbeat outlook for Latin America's biggest economy -- as evidenced by the nearly three-year high the iShares MSCI Brazil Capped ETF (EWZ) hit on the Oct. 5. This price action was echoed in Brazilian bank Itau Unibanco Holding SA (NYSE:ITUB), too, though more recently, the shares have pulled back to a trendline that historically offer...Read More
Amazon.com, Inc. (NASDAQ:AMZN) has been flying high in 2017, with the shares boasting a 50.9% year-to-date lead. This momentum is continuing today, too, with AMZNup 0.4% at $1,131.75 -- within striking distance of Monday's record peak of $1,139.90 -- and if history is any guide, the FAANG stock could be carving out new highs for the Thanksgiving holiday.According to Schaeffer's Senior Quantitative...Read More
The U.S. dollar got hammered in the first nine months of 2017, but has rebounded off its September lows, as evidenced by the price action in the U.S. Dollar Index (DXY). As such, large speculators are finally net long the greenback for the first time in 15 weeks, per recent Commitment of Traders (CoT) data, breaking the longest stretch in six years. Below, we'll take a look at how the buck and the...Read More
U.S. stocks are trading higher this morning, thanks to positive blue-chip earnings. Among the stocks making moves today are retail giant Wal-Mart Stores Inc (NYSE:WMT), electronics retailer Best Buy Co Inc (NYSE:BBY), and media content company Time Inc (NYSE:TIME). Here's a closer look at what's moving shares of WMT, BBY, and TIME.Wal-Mart Soars on Earnings BeatShares of Wal-Mart are soaring afte...Read More
Analysts are weighing in on drug stocks Bristol-Myers Squibb Co (NYSE:BMY), Merck & Co., Inc. (NYSE:MRK), and Valeant Pharmaceuticals Intl Inc (NYSE:VRX). Here's a quick roundup of today's bearish brokerage notes on shares of BMY, MRK, and VRX.Jefferies Lowers BMY Stock Price TargetJefferies cut its price target on Bristol-Myers Squibb stock to $68, though this still sits above the equity's Oct....Read More
Analysts are weighing in on data storage stock NetApp Inc. (NASDAQ:NTAP), home furnishings retailer RH (NYSE:RH), and music streaming service Pandora Media Inc (NYSE:P). Here's a quick roundup of today's bullish brokerage notes on shares of NTAP, RH, and P. NTAP Ready to Rally After EarningsNetApp last night posted better-than-expected fiscal second-quarter results and an impressive current-quar...Read More
Dow Jones Industrial Average (DJIA) futures appear ready to bounce back, after the index closed yesterday's session down triple digits. A flurry of upbeat earnings reports are helping the index, withWal-Mart (WMT) and Cisco Systems (CSCO) stocks pointed higher after earnings. All eyes will be on Washington, D.C., later, as the House of Representatives is poised to vote on their tax-overhaul bill....Read More
Next week is a short one on Wall Street, with U.S. markets closed Thursday for the Thanksgiving Day holiday, and trading ending early on Friday. Nevertheless, there's plenty of action on both the economic and earnings dockets to hold traders' attention. The marquee event will be the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting -- which could potentially hold...Read More
Dear Antifa,Look, aside from a very small number of psychopaths, everyone agrees that fascism is not an ideal form of government.But you need to rethink your anti-capitalism position.Fact is, capitalism does not breed the conditions to create fascism.Capitalism works to prevent fascism.The core component of capitalism is the private ownership of property - the most important to this discussion be...Read More
The comments above & below is an edited and abridged synopsis of an article by Mark O'ByrneThe Bank of England has raised interest rates for the first time in a decade. Alerts have been coming thick and fast for Britons, warning them to prepare for tough financial times ahead.How will North America cope if such a correction is headed its way? Aside from the fact that central banks are beginning to...Read More
The comments above & below is an edited and abridged synopsis of an article by David StockmanRising debt (the black swan) is in plain sight. The artificial cash flow from unsustainable borrowing is keeping the illusion of growth and prosperity alive. Yet the debt madness ($225 trillion outstanding globally) is heading for a financial and economic dead end that will crush today's fiscally profligat...Read More
The comments above & below is an edited and abridged synopsis of an article by Chris MartensonGigantic waves of change are sweeping across the Middle East. The magnitude is such that the effect on the global price of oil, as well as world markets, is likely to be enormous.A dramatic geopolitical realignment by Saudi Arabia is in full swing, and it is upending many decades of established strategic...Read More
The comments above & below is an edited and abridged synopsis of an article by Mike ShedlockShedlock shares Guillermo Barba's post on a debate in the Mexican Congress to monetize the Libertad silver 1-ounce coin. Barba recently took part in the forum for The Promotion of Savings by Mexicans in the Mexican Federal Congress. There, he presented a proposal to give stable value to the Libertad.The cen...Read More