Check out the companies making headlines after the bell: Shares of several major financial firms rose in extended trading after news that they had passed the Federal Reserve’s stress test and were increasing dividends. Bank of America rose 1.9%, and BNY Mellon added 1.4%. Citigroup rose 1.6%, and JP Morgan Chase gained around 1.8%. Goldman […]
Check out the companies making headlines midday Thursday: Howard Hughes — Shares of the real estate company skyrocketed more than 41% after CNBC’s David Faber reported the company announced it was exploring strategic alternatives, which include a potential sale. Walgreens Boots Alliance — Shares of Walgreens Boots Alliance jumped 4.1% after the drug store chain […]
Chinese tech stocks have taken a tumble. The BATS trade — Baidu, Alibaba, Tencent and Sina — has come under pressure this quarter. Those losses have been so sharp for Baidu and Sina that they are on track to close out the second quarter with their worst loss since at least 2010. Michael Binger, president […]
Buybacks are giving stocks a boost — but there’s a twist. With share repurchases among S&P 500 companies near highs, with the group having broken its record-making buyback streak in the first quarter of 2019, global stock markets are now officially shrinking, according to Citi Research. That unusual trend — referred to by Citi strategists […]
Investing maven Warren Buffett famously quipped that his favorite holding period is forever. There’s a lot to be said for thinking in those terms, not just because it’s the strategy the world’s most successful living investor follows. For one thing, focusing on the ultra-long term forces you to focus on the quality and staying power […]
Something unusual is happening in financial markets, and it could mean more gains lie ahead for stocks, if history is any indication. The S&P 500 and long-term bonds are both up more than 5% to start off 2019, marking just the 10th time since 1980 that stocks and bonds kicked off a year on such […]
Market confidence could be starting to crack. The Conference Board, a nonprofit think tank that conducts industry research, said on Tuesday that its widely followed consumer confidence index fell to 121.5 in June, its lowest level since September 2017. This comes as Federal Reserve Chairman Jerome Powell stressed the central bank’s independence in the face […]
Barclays believes a market “melt-up” could be on the horizon if three things materialize in the near future: A trade truce, Federal Reserve rate cuts and the economic slowdown only being a soft patch. The so-called melt-up refers to a sharp move higher driven by investors late to the game looking to get in on […]
The pan-European Stoxx 600 closed provisionally just below the flatline. Auto and retail stocks led the losses with 1% declines, while basic resources climbed 0.7%. President Donald Trump on Monday signed an executive order imposing “hard-hitting” new sanctions on Iran, which NBC News reported will deny Iranian Supreme Leader Ayatollah Ali Khamenei and his office […]
President Donald Trump Tuesday morning thanked himself for a stock market that has been mostly clambering to new heights. The 45th president via Twitter touted the buoyancy of the equity markets, saying: “Stock Market is heading for one of the best months (June) in the history of our Country. Thank you Mr. President!” The S&P […]
A dovish tilt from the Federal Reserve sent everything from stocks to bonds to gold rallying in unison, but stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs. And that feature is low volatility. With muted price swings, low-volatility stocks tend to perform like bond […]
CNBC’s Jim Cramer on Monday urged that investors should do their homework when they get seemingly “lucky” and their stock picks rally. That one step could be the difference between protecting those gains and giving up the ghost. “It’s very helpful to understand why a stock you like is going up or down. When you […]
