CNBC’s Jim Cramer doesn’t exactly have a rosy outlook on the future of the oil industry. “You know what? Long term in the oil world’s quite bad,” the “Mad Money” host told a caller in a sell-off strategy session after Tuesday’s market drop. Cramer referenced his Monday segment on Wall Street’s newfound hate of natural […]
The wild ride on Wall Street just got crazier. The Dow dropped 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day. The sell-off followed Monday’s 670-point spike. The Nasdaq plunged nearly 3% — wiping out nearly all of Monday’s huge gains for the tech sector. The Nasdaq is […]
A steep, late-afternoon sell-off in technology companies pulled U.S. stocks sharply lower Tuesday, knocking 344 points off the Dow Jones industrial average. The market slide erased modest gains from earlier in the day and much of a powerful rally from the day before. Banks also weighed on the market as bond yields declined. Investors bid […]
The tech sector sell-off is not just about Facebook’s data scandal anymore. Several of the market’s favorite technology stocks tanked as investors grew concerned over the companies’ ambitious growth following new developments Tuesday. The NYSE FANG index fell 5.6 percent on Tuesday and is down 6 percent over the last week, its worst showing since […]
Trade war fears were overblown and stocks can now resume their upswing after retesting the February lows, says Raymond James chief investment strategist Jeff Saut. The correction is over, “unless you get hit with some exogenous news,” said Saut. “I think trade war is the wrong thing. I think there’s a big difference between a […]
Wall Street analysts are as bullish as ever on America’s top companies — despite (or maybe because of) the recent market turmoil. Of the more than 11,000 analyst ratings on S&P 500 stocks, 52% are “buy” ratings, according to FactSet. Only 5% are “sell” ratings and the remaining 43% are “hold” recommendations. Analysts are growing […]
Credit Suisse analysts say energy stocks have become attractive again for the first time in two years, based on strong earnings growth and improved valuations. “Extended valuations had resulted in Energy’s underperformance since mid-2016, despite a favorable cyclical backdrop, rising oil prices, and robust earnings growth. A combination of strong fundamentals and weaker stock prices […]
European stocks closed lower Monday, as analysts said a surging euro squashed an early rally that had been sparked by an easing in recent trade-related tensions. How markets are moving The Stoxx Europe 600 index SXXP, -0.72% fell 0.7% to end at 363.19, closing at its lowest level since February 2017. The pan-European benchmark added […]
There’s a reason investors — younger ones in particular — are advised to put their money into stocks. Though the stock market comes with some risk, it also offers an opportunity to not only growth your wealth, but outpace inflation, which is crucial when it comes to retirement savings. That said, if you’re not careful, […]
With the stock market plunging and the S&P 500 index and Dow Jones industrial average plunging to right above their 200-day moving averages, this is not a good time to making new purchases. But it’s a good time to be looking for growth stocks to add to your watch list. In the IBD 50 list […]
Though Tesla (NASDAQ:TSLA) has repeatedly struggled to meet production targets for its its “affordable” Model 3 electric vehicle, investors can’t deny that the company has massively over-delivered in another area: share price gains. Tesla stock has soared more than 720% over the past five years as of this writing, leaving long-term investors considerably richer for […]
The quartet of technology stocks that has driven Wall Street indices to record highs in recent years may be breaking up, possibly undermining one of the best growth stories in a nine-year bull market. Facebook (FB.O) and Google-parent Alphabet (GOOGL.O) tumbled this week as the benchmark S&P 500 index .SPX fell back toward lows seen […]
