Lockheed Martin shares jumped Wednesday after Goldman Sachs upgraded the stock to buy from neutral and added it to the firm’s so-called conviction list of favorite calls. The stock was up 2 percent in premarket trading Wednesday following Goldman’s note to clients. — TRENDING NOW— He predicted Dow 20,000, the dot-com crash, and the housing … Read more
Wall Street is awash in earnings this week with roughly 30 percent of the S&P 500 reporting on their recent quarters. Ari Wald, head of technical analysis at Oppenheimer, and Michael Binger, president of Gradient Investments, give their picks for stocks to buy heading into the releases. On the right track “Within the industrial sector, … Read more
Chips stocks are showing signs of life. Advanced Micro Devices, Intel, Texas Instruments and Nvidia roared higher to begin the week, helping the SMH semiconductor ETF bounce back from the month’s lows. — RELATED— The Fastest Money You’ll Ever Make Step #1: Wait for the intersection of the 3 lines below Step #2: Place one … Read more
U.S. stocks kicked off the week trading higher on Monday as a big rally in Chinese shares and easing worries over Italy’s budget lifted investor sentiment. The Dow Jones Industrial Average rose 12 points, led by gains in Intel. The S&P 500 climbed 0.1 percent as the technology sector outperformed. The Nasdaq Composite advanced 0.3 … Read more
When investors sit down with their financial advisor to prepare their tax returns next year, they’ll be confronted with new rules that for many mean an increase in the cost of having an advisor. The new tax law passed by Congress last year ends deductions on some types of advisory fees, including those based on … Read more
Longtime stock bull Jeremy Siegel is urging investors to be cautious, saying numerous headwinds will keep stock prices muted for 2019. “There are challenges that we face now,” including rising interest rates, the midterm elections and U.S.-China trade tensions, the Wharton School finance professor said in a CNBC “Squawk Box” interview on Monday. “I’m looking … Read more
Bear Market is a term that sends fear into Wall Street and investors. What does it mean? And how does it affect both Wall Street and Main Street? Adam Shell explains. Has the Dow’s wild, up-and-down swings got you rattled? Stay calm, keep the panic to a minimum and stick to your plan. That’s the … Read more
The US dollar could severely depreciate against the euro by 2024, says forex analyst Ulf Lindahl, chief executive officer of A.G. Bisset Associates. He says the greenback is entering the cycle of losses. Since the 1970s, the US currency has been repeating a 15-year cycle of losses and gains, and the greenback has now entered … Read more
If the market always speaks a message, then Wednesday’s 800-point tumble in the Dow Industrials and 3.2 percent break in the S&P 500 can be considered the market shouting for attention. But what is it saying, and how can investors separate the signals from the noise? Let’s first note that Wednesday’s message, dramatic as it … Read more
Normally, a stock market sell-off sets off a buying spree in Treasurys, as investors look for security in the more steady government debt market. But that’s not the case now, since Wednesday’s sharp plunge in stocks is actually happening because investors have been selling longer-dated Treasurys. As Treasurys are sold, yields, which move opposite price, … Read more