Asian shares were mixed in early Thursday trade as investors digested an acknowledgment by the Federal Reserve overnight that inflation had moved nearer its target. South Korea’s Kospi index came under pressure in morning trade, with the benchmark slipping 0.24 percent while the junior Kosdaq edged higher by 0.18 percent. Banks and retailers mostly traded […]
Check out the companies making headlines before the bell: CVS Health – CVS reported adjusted quarterly profit of $1.48 per share, 7 cents a share above estimates. Revenue also beat forecasts. The company’s results got a boost from higher sales of prescription drugs at its stores, among other factors. Clorox – Clorox beat estimates by […]
Biotechnology stocks dominate our list of top charts to watch, with a uranium producer also advancing to the list. CASI Pharmaceuticals Inc. CASI, +11.62% rose 48 cents, or 7.2%, to $7.14 on 773,700 shares traded Tuesday. The move came on no news from the company, although the stock soared in early April on news that […]
U.S. stocks relinquished modest gains to close lower Wednesday, as the Federal Reserve acknowledged rising prices and said it now expects inflation to “run near” its 2% target “over the medium term,” in its most recent policy statement. The central bank held key rates unchanged, as expected. What are the main benchmarks doing? The Dow […]
European stocks posted a modest loss on Tuesday, as most of the region’s markets were closed for the May Day holiday. What are markets doing? The Stoxx Europe 600 index SXXP, -0.08% snapped a three-day win streak and ended marginally lower, down about 0.1% at 385.03, after finishing Monday trade up 0.2%. The U.K.’s FTSE […]
This year, more than any other in recent memory, is a stock picker’s market. With volatility back in full force, finding the best stocks to buy (and ideally nailing down the timing) is as valuable a skill as ever. Some market watchers worry that the rise of passive investing has driven correlations among stocks up […]
The bull market may be losing steam. But if it is petering out, investors may fare best by sticking with the winners—stocks with the most price momentum over the past year. Momentum is one of several “factors” that academics have identified as a source of outperformance. The thinking is simple: Stocks that have beaten the […]
Asian stocks were narrowly mixed in early Wednesday trade following the mixed close on Wall Street as several markets in the region re-opened for trade after a holiday. Japan’s Nikkei 225 edged down by 0.14 percent, with the broader Topix also recording slight weakness and trading lower by 0.23 percent as its mining and oil […]
Shares of T-Mobile and Sprint fell Monday in the wake of announcing their planned mega-merger — which faces potential regulatory roadblocks. Sprint’s stock was down as much as 14% and T-Mobile slipped more than 2% ahead of the stock market’s open Monday. T-Mobile effectively offered to acquire Sprint, respectively the U.S.’s No. 3 and 4 […]
Check out the companies making headlines before the bell: Sprint – Sprint will be bought by T-Mobile US in an all stock deal worth $26.5 billion. The combined company will take the T-Mobile name and will be run by current T-Mobile CEO John Legere. Walmart – Walmart agreed to sell its British unit Asda Group […]
U.S. stocks fell Monday, with major indexes dropping in a broad decline as the latest round of positive corporate earnings failed to excite investors. Despite the declines on the day, major indexes ended the month of April with gains. What did the main benchmarks do? The Dow Jones Industrial Average DJIA, -0.61% fell 148 points, […]
Almost four months of 2018 have come and gone, leaving the S&P 500 index about flat despite some manic swings. According to the All-in-One Screener, 271 stocks of the index have failed to eke gains year to date. The stocks registering the worst performance are: L Brands Inc., Incyte Corp., Acuity Brands Inc., The Kraft […]
