Month: March 2019

Check out the companies making headlines midday Tuesday: Deutsche Bank — Deutsche Bank shares dipped 2 percent a day after rallying on news about a possible merger with Commerzbank. The potential merger, however, sparked concerns from labor unions about potential job losses and analysts to question whether the merger would be beneficial. Yum Brands —
0 Comments
U.S. equities continued their upward push on Monday, clearing technical resistance from the late-2018 highs near the 2,800 level on the S&P 500. Investors are looking past everything from a lack of a U.K. Brexit deal to no progress on the China-U.S. trade front. Instead, the focus is on buying into lagging, under-owned and under-valued
0 Comments
The Federal Reserve rate hike in 2018 created a positive environment for investors in the financial sector and it has boosted financial stocks. The higher the interest rate, the wider the rate spread and the bigger the profit margin for banks and credit card companies. U.S. Financials, especially Bank of America (NYSE: BAC) and Citigroup (NYSE:C)
0 Comments
Amid the big, broad rally in tech stocks in 2019, one not-so-insignificant factoid that has been largely swept under the rug is that the godfather of all tech stocks, Amazon (NASDAQ:AMZN), has actually been a laggard this year. Source: Shutterstock So far this year, Amazon stock is up 12%. That’s good. But it’s below average.
0 Comments
Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
0 Comments
Check out the companies making headlines midday Wednesday: Aurora Cannabis — Shares of Aurora Cannabis rose 10 percent in midday trading after the company announced that billionaire activist investor Nelson Peltz will join as a strategic advisor. The company added that it has granted Peltz options to purchase 19.96 million common Aurora shares; if exercised,
0 Comments
Check out the companies making headlines midday Thursday: General Electric — GE rose 2.8 percent in trading after CEO Larry Culp expressed optimism about the company’s struggling power business bouncing back in 2020 and 2021. While the company’s 2019 outlook was worse than analysts expected, Culp’s first forecast gave shareholders hope that GE’s fortunes have
0 Comments
Most tech stocks have staged impressive comebacks so far in 2019. However, in the next few weeks, we might witness a battle between investors and traders, where there will be considerable profit-taking in several of Wall Street’s tech darlings, including Netflix (NASDAQ:NFLX), PayPal (NASDAQ:PYPL) and Snap (NASDAQ:SNAP). Like most tech stocks, NFLX, PYPL and SNAP are
0 Comments
Facebook (NASDAQ:FB) has become one of the world’s most-criticized companies and one of the most controversial stocks on Wall Street over the past year. Yet despite the negative headlines and commentary, FB stock has been extremely resilient. Nomura Instinet analyst Mark Kelley recently upgraded Facebook stock to buy from neutral. Kelley’s bullish thesis for the
0 Comments
Activision Blizzard and Spotify were among the stocks Wall Street analysts recommended to clients as undervalued this week. CNBC combed through company research to find analysts discussing buying opportunities for stocks. Other names cited as possible values include: Newell Brands, Dollar General, Marvell, and Anthem Activision “is down nearly 50% in the past six months
0 Comments