Comcast on Wednesday reported fourth-quarter earnings and revenue that exceeded expectations but fell short on net additions of high speed internet customers. The stock popped over 3.5 percent in premarket trading. Here’s what Comcast reported versus Wall Street’s expectations: Earnings: 64 cents per share adjusted vs. 62 cents per share expected in an analyst survey by Refinitiv … Read more
Ray Dalio, founder of the world’s biggest hedge fund, warned Tuesday on CNBC that there’s a “significant risk” of a possible recession in the U.S. in 2020. “It’s going to be globally a slow up. It’s not just the United States; it’s Europe; and it’s China and Japan,” the billionaire investment titan said on “Squawk … Read more
Job cuts at Tesla is not quite the bad news investors are interpreting it to be, several Wall Street analysts said on Friday. “Reducing headcount also suggests productivity gains,” Jefferies analyst Philippe Houchois said in a note to investors. “This is, in our view, consistent with slower growth rates but mostly the scope to improve … Read more
Bill Stone never wavered from his bullish case during the market meltdown. And now, the Avalon Advisors chief investment officer is calling for a banner year for stocks. “There’s no doubt stocks are cheap relative to bond side of the equation,” he said Wednesday on CNBC’s “Trading Nation. ” “You could have a good market.” … Read more
It’s Day 21 of the partial government shutdown. That ties the record for a standoff set in the 1995-96 budget battle between President Bill Clinton and House Speaker Newt Gingrich. We are now seeing a rash of analyst notes warning that this will soon start to affect different businesses. American Airlines shares fell Thursday because … Read more
Markets from equities to high-yield bonds that have been flashing warning signs are probably an overreaction to slowing growth rather than a precursor of imminent recession, according to J.P. Morgan Chase CEO Jamie Dimon. “I think markets are overreacting to short-term sentiment around a whole bunch of complex issues,” Dimon said in a Fox Business … Read more
PNC Financial sees a sustainable relief rally taking shape. According to co-chief investment strategist Amanda Agati, market players who give up on the bull market will get hurt. “It can be very painful to miss out or get too bearish as we get into sort of the end of the cycle,” she said Friday on … Read more
If 2018 has taught investors anything, it’s that keeping all your investments in one market and falling victim to home country bias – even if that market is the U.S. – is a big risk. As you can see in the chart below, stock markets all over the world did poorly in 2018… Emerging markets suffered the … Read more
There’s a good chance that what ailed the market in 2018 could reverse sometime in 2019, providing strong tailwinds for stocks, some strategists said. After the worst December since 1931 and the worst year since the financial crisis, stocks enter 2019 tentatively but still susceptible to the volatility that resulted in historic intraday swings in … Read more
Keep it, and over time it will be worth less and less. It doesn’t yield anything. Multiple rounds of quantitative easing by the world’s central banks (often described as “printing money”) has made it feel like it’s worth as much as newsprint. If you misplace (or burn) it, it’s gone forever. For these reasons, it’s … Read more