Most Asian stocks closed higher on Friday, with positive sentiment partially driven by gains seen on Wall Street following softer-than-expected U.S. inflation data. Meanwhile, oil prices were slightly lower after reaching recent multi-year highs on geopolitical concerns. The Nikkei 225 closed up 1.16 percent, or 261.30 points, at 22,758.48 in Tokyo and the broader Topix […]
On this day in 1965, Warren Buffett took control of an ailing textile company named Berkshire Hathaway when its shares were valued at $19 each. If you’d been able to throw $100 into Berkshire BRK.A, -0.95% BRK.B, -0.94% in 1965, you’d be sitting on a cool $2.4 million by the end of 2017. That same […]
The U.S. stock market may feel particularly risky right now, as major indexes have been volatile throughout 2018 and there are a number of headwinds that investors are monitoring, but things may not be as bad as they seem. There are multiple signs of equity strength going on below the surface of the major indexes, […]
Biopharma investors breathed a collective sigh of relief Friday after a drug-pricing speech from President Trump was consistent with earlier views that he would offer “more rhetoric than reform,” according to one analyst. On the stock market today, biotech and pharmaceutical stocks stayed in the black at the close, up 2%-3%. Pharmacy retailers like CVS […]
President Donald Trump’s decision to pull the U.S. out of a multilateral nuclear agreement with Iran and reimpose sanctions aimed at curbing Tehran’s oil sales is expected to create new fissures within the Organization of the Petroleum Exporting Countries. It might be up to Saudi Arabia—and the United Arab Emirates—to thread the needle in coming […]
Investors are in the grip of a much-awaited selloff in Italian bonds, a market that had been resilient in the face of weeks of political uncertainty since Italy’s general election in March. Bond prices are falling and yields rising as Italy’s far-right League party and anti-establishment Five-Star Movement are close to reaching a deal to […]
Don’t look now, but U.S. stocks are in a decided uptrend as a period of market anxieties appear to have faded—at least for the moment. In its wake is a rally has ensued, with the Dow Jones Industrial Average DJIA, +0.80% on Thursday matching its longest win streak—six straight days—since a similar stretch ended Feb. […]
The U.S. stock market’s longtime leader has regained its crown. The information technology sector has been rallying thus far in May, a steep upward move that has returned it to near-record territory and helped it erase some of the pronounced weakness it saw earlier this year. The sector XLK, +1.30% has gained 7.5% thus far […]
Check out the companies making headlines before the bell: Walmart – The retailer will buy a 77 percent stake in India-based e-commerce company Flipkart for $16 billion, its largest-ever deal. Coty – The cosmetics company reported adjusted quarterly profit of 13 cents per share, a penny a share above estimates. Revenue also beat forecasts. Strong […]
CNBC’s Jim Cramer was taken aback when shares of Disney and Walmart got slammed after the companies announced new investments. Shares of Disney closed down nearly 2 percent on Wednesday after the entertainment giant revealed that it was spending heavily to boost ESPN Plus’ online offerings. Walmart’s stock also lost more than 3 percent of […]
Cheap in this sense meaning the type of stock classically described by Benjamin Graham and his student, Warren Buffett, as an undervalued situation — or, these days, more often referred to simply as a value stock. It doesn’t necessarily mean it’s worth buying, but when the price/earnings ratio is significantly lower than the market as […]
Oil prices have been on the rise and so have stocks of oil and gas explorers and producers. The SPDR S&P Oil & Gas Exploration & Production ETF is up around 7% so far this year, versus around 12% for crude oil. There are still some laggards that are trading below industry averages. Pavel Molchanov, […]
