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 […]
Investors were happy campers about the Dow rising 25% in 2017. But three biotech stocks just achieved significantly better gains than that — in just a matter of days. Geron Corporation (NASDAQ:GERN), Arena Pharmaceuticals (NASDAQ:ARNA), and Heron Therapeutics (NASDAQ:HRTX) skyrocketed more than 30% this week, with one of the stocks turning in an especially impressive […]
As investors have become more risk-averse in recent weeks, the list of tech companies sporting reasonable valuations has grown with it. Here are some tech stocks within various industries whose multiples look quite acceptable following the recent Nasdaq selloff. Three-Fifths of FAANG Amazon.com (AMZN) and Netflix (NFLX) trade at steep forward multiples even in the […]
Casualties in a trade war fought with tariffs are not measured in lives, but rather the financial fallout that ensues when nations duke it out over economic matters. A trade war occurs when countries try to protect their own economies and domestic businesses by charging trading partners a tax, or tariff, on imported goods. The […]
This was a brutal week for the stock market. The Dow was down over 1,400 points to close at 23,553, declining 5.7% which puts it in negative territory for the year, down 4.8%. The S&P was down 6% for the week and is now down 3.2% for the year. The NASDAQ had the worst week, […]
