We are quite a ways into a bull market, which has left many great companies trading at premium valuations. But there are bargains out there if you know where to look. Mohawk Industries (NYSE:MHK) and American Eagle Outfitters (NYSE:AEO) are trading well below their historical average price-to-earnings (P/E) ratios, which means both stocks could be […]
Category: Stocks Watch
Stocks will soar 17% through next year, market bull Ed Yardeni predicts
With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming. The Yardeni Research president believes between now and the end of next year, the index will soar 17% from current levels. “I’ve got 3,500 as my target for next year,” he told […]
3 Top Dividend Stocks That Set New Highs on Friday and Have Room to Run
On Friday, the S&P 500 and Nasdaq indexes declined 0.5% and 0.8%, respectively, as investors were rattled by news on the trade front. Chinese trade negotiators reportedly cut their visit to the United States short by cancelling planned goodwill meetings with farmers in Montana and Nebraska. While there were naturally some winners on Wall Street, […]
The stock market rotation that rocked investors this month may have been driven by a technicality
What exactly happened during the “once in a decade” stock market rotation earlier this month that rocked investors? It might’ve just been a one-off technical move and not based on fundamentals. A huge rotation out of momentum into value names took place suddenly last week. Many read the phenomenon as a warning sign as stocks […]
U.S. Stocks Drift; Treasuries Gain, Dollar Weakens: Markets Wrap
U.S. equities ended the day near where they started as investors failed to find a catalyst to lift the benchmark stock index to an all-time high. The dollar sank and Treasuries rose amid a slew of fresh monetary-policy decisions. The S&P 500 Index closed little changed, within 1% of a record, as gains in software […]
Stocks don’t need rate cuts to hit new highs, strategist Art Hogan says
Art Hogan predicts the Federal Reserve will disappoint the stock market by not cutting rates again this year. But the National Securities chief market strategist believes it shouldn’t alarm Wall Street. “The market is going to be OK with it,” Hogan told CNBC’s “Trading Nation” on Wednesday. “The market all of the sudden has broken […]
Stocks close little changed amid lingering trade tension
The Dow Jones Industrial Average gave up a 100-point gain and the S&P 500 held just under its all-time high Thursday as traders checked their optimism about renewed U.S.-China trade talks. The Dow finished the day down 52 points as gains in Microsoft and UnitedHealth balanced losses in Boeing and Walt Disney. The S&P 500 […]
Stocks making the biggest moves midday: Microsoft, Costco, Denny’s & more
Check out the companies making headlines in midday trading: Microsoft – Shares of the technology giant rose 1.8% after the company announced a new $40 billion in share buybacks, as well as an 11% increase to its quarterly dividend. Microsoft’s quarterly dividend will increase by 5 cents, to an annual payout of $2.04 a share. […]
The Stock Market Rocked These 2 Stocks Today
By and large, stock market investors are a jumpy lot. They tend to react sharply — some would say overreact — to news about the babies they’ve invested in, punishing stocks that deliver lower-than-expected numbers or negative news items. When something that isn’t positive hits a stock, it can often drive it down to price […]
Wednesday stocks: Why the Dow fell and rebounded.
Major U.S. stock indexes closed mostly higher Wednesday after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Gains in banks, utilities and technology companies outweighed losses elsewhere in the market, which had been broadly lower until the last […]
Stocks making the biggest moves after hours: AT&T, Microsoft, Herman Miller and more
Check out the companies making headlines after the bell: AT&T shares climbed more than 2% in extended trading following a Wall Street Journal report that the company is exploring a spinoff of DirectTV unit as its own company or a combination with Dish, which also saw its share price rise 3.75% after the bell. Activist […]
Asian markets mixed as Fed cuts rates, BOJ stays unchanged
Asian markets were mixed in early trading Thursday, as the Bank of Japan kept its ultra-easy monetary policy unchanged following the U.S. Federal Reserve’s interest-rate cut. The BOJ’s move — or lack thereof — was expected, though the central bank hinted that could cut interest rates even deeper into negative territory at its October meeting. […]