The major market averages continued their slew of gains in 2018, as China-based leader Alibaba (BABA) jumped into new highs in the stock market today. The tech-heavy Nasdaq rose 0.2%, while the S&P 500 and Dow Jones industrial average moved up 0.4% and 0.6%, respectively. Among the Dow Jones industrials, General Electric (GE) reversed from […]
On a mixed day for the indexes, United Continental lost altitude after analysts questioned its growth plan, and W.W. Grainger soared on a strong profit report. The major benchmarks made big swings between losses and gains on Wednesday. The Dow Jones Industrial Average (DJINDICES:^DJI) closed at a record high, but the S&P 500 (SNPINDEX:^GSPC) posted […]
Jared Smith represents a new breed of millennial: someone who saw the financial crisis unfold during his formative years but is now ready to step back into the arena and take some risk. The 31-year-old New Yorker is a big believer in stocks. While that seems like a no-brainer for a market that has skyrocketed […]
Biotech stocks have been moving north of late, largely driven by a spate of deal news. Such deals lend financial stability to businesses and maximize shareholders’ wealth. Further, more deals are expected to be signed in the biotech space, now that the tax reform bill allows companies to repatriate cash pilling up overseas. Corporate taxes, […]
The stock market is its most overbought since Bill Clinton was president, but that may actually be a good thing. The S&P 500’s 14-month relative strength index (RSI) surpassed the 87 level for the first time in nearly 22 years, Ari Wald, head of technical analysis at Oppenheimer, told CNBC’s “Trading Nation” on Monday. That’s […]
It used to be an unspoken rule for investors to sell stocks at the first sign of negative news, but sometimes, the rules have to change, CNBC’s Jim Cramer said Tuesday. “This time is indeed different, which means you can’t take your cue from the playbook that worked in more troubled times,” the “Mad Money” […]
CNBC’s Jim Cramer knows that buying stocks on weakness in a market this strong is no easy task. “Even in this market, this beast of a market, you do get the occasional buying opportunity. It does exist, but the window closes so fast that if you blink you’ll miss it,” the “Mad Money” host said. […]
Investors are betting Canada’s smaller financial firms could see a jump in revenues after they helped fund marijuana companies ahead of the country’s planned legalization of the drug this year. Equity offerings by Canadian weed companies tripled to a record high of nearly $1 billion in 2017, with nearly two-thirds of that in the final […]
U.S. stocks advanced on Monday as each of Wall Street’s main scored records in the wake of a deal by U.S. senators to end the federal government shutdown. Legislation to renew federal funding to the government cleared a procedural hurdle in the Senate and was expected soon to pass votes in the Senate and House […]
Hefty gains for energy and technology companies helped U.S. stocks set more records Monday. Drug makers announced two major deals worth about $20 billion and smaller-company stocks climbed after the Senate reached a short-term deal to end the government shutdown. Stocks were slightly higher in the early going as strong fourth-quarter results from Halliburton helped […]
Asian markets traded lower on Monday as investors kept an eye on political developments in the U.S. after a government shutdown began last week. Japan’s Nikkei 225 hovered around the flat line. Automakers were mixed: Toyota declined 0.53 percent while Mitsubishi Motors tacked on 1.62 percent. Technology stocks traded mostly higher, with Sony rising 0.33 […]
Fourth-quarter earnings season is kicking into high gear, and at least one Wall Street strategist thinks there are a handful of names that could cause waves in the market when they report in the coming weeks. Wall Street is still in the early stages of the quarter’s reporting period with just one-tenth of the S&P […]
