Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters Expectations for a Fed bailout for markets and the economy rose sharply after President Donald Trump’s surprise threat to put tariffs on all Mexican goods if Mexico doesn’t do more to stop immigrants from entering the U.S.
Veeva Systems Inc (NYSE:VEEV) just released its Q1 earnings and VEEV stock had its best day in five years. And Wall Street is starting to realize that this stock is the one to beat in this fast-growing niche. Source: Shutterstock Fortunately for my readers, I’ve been bullish on VEEV stock for a while now and
Shares of Ford (NYSE:F) have been doing surprisingly well so far this year. While the shares are is still down 15% over the past 12 months, F stock has roared higher by more than 26% so far in 2019. Source: Shutterstock While the stock — like most — was oversold in late December and enjoyed
U.S. equities are falling hard on Friday, continuing a week of losses, as a cavalcade of global macro factors weigh on sentiment. The big news was that President Donald Trump is threatening to enact tariffs against Mexico unless it curbs illegal immigration through the southern U.S. border. This caps long-running hints that Trump could close
With the benefit of hindsight, the old adage about selling in May and going away proved to be good advice this year. As has been the case for much of this month, trade wars sank stocks on Friday as the Nasdaq Composite and the S&P 500 slipped by 1.5% and 1.3% while the Dow Jones
From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 114 billion cubic feet for the week ended May 24. The average forecast of analysts polled by S&P Global Platts had called for an increase of 95 billion cubic feet. Total stocks now stand at 1.867 trillion cubic
Uber Technologies CEO Dara Khosrowshahi and co-founder Garrett Camp take a selfie photograph on the trading floor of the New York Stock Exchange during the company’s IPO in May 10, 2019. Brendan McDermid | Reuters Here are the biggest calls on Wall Street on Friday: Atlantic Equities upgraded Uber to ‘overweight’ from ‘neutral’ Atlantic Equities
Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making
Thanks to advances in technology and gene sequencing, gene therapy has gone from science fiction to science fact. By either adding new genes to fight faulty ones, replacing/editing missing/broken prices or actually “turning off” the genes causing problems, gene therapy has the potential to change the game when it comes to biotech stocks and healthcare.
Despite its decades-long presence, AT&T (NYSE:T) has become a risky investment. AT&T stock faces a crushing debt burden and high dividend obligations as it experiences a fundamental transformation in its industry. Even after recovery from the December lows, the stock price has fallen by more than 25% from its 2016 peak. Source: Shutterstock However, its
Throughout many life circumstances, you’ll often hear the phrase “there are two sides to every story.” Usually, this is such an annoyingly accurate statement that you don’t need to repeat it. But in some situations, only one narrative is valid. I believe that’s the case for Bank of America (NYSE:BAC), particularly BAC stock. Source: Shutterstock
U.S. stock futures are inching higher this morning, but trade war worries still loom large, threatening to reject rally attempts. Against this backdrop, futures on the Dow Jones Industrial Average are up 0.24%, and S&P 500 futures are higher by 0.39%. Nasdaq-100 futures have added 0.43%. In the options pits, yesterday’s market meltdown pushed put
From Myra P. Saefong: U.S. oil futures dropped Thursday to finish at their lowest in more than two months after U.S. government data showed a modest weekly decline in domestic crude stockpiles, along with an increase in crude production to a record. Still, “concerns about the global economy and trade war angst are the two biggest influences
Up, up and away. U.S. equity bears are getting killed this year, while China is the place to be for short-sellers. Photo by BRYAN R. SMITH/AFP/Getty Images. This crazy stock market seems unstoppable. Larry Kudlow, the economic advisor to President Trump, was on his old network today talking about how he has come to terms
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s threat to curb exports of rare earth minerals to the United States could move the needle in an escalating trade war as the world’s two largest economies continue to jockey for leverage.
Traders work on the floor of the New York Stock Exchange (NYSE) on August 24, 2015 in New York City. As the global economy continues to react from events in China, markets dropped significantly around the world on Monday. Spencer Platt | Getty Images News | Getty Images Inflation data is a wild card for
Let’s start this article by stating that stocks under $10 aren’t necessarily cheap stocks. This is a common misconception. In the financial world, “cheap” is a valuation measure — a low price-to-earnings multiple, or low price-to-book ratio. Just because a stock is trading with a single-digit price tag, that doesn’t necessarily imply cheap. Profits could
As the markets get ready to finish a volatile month, I’d like to discuss the outlook of Procter & Gamble (NYSE:PG), the consumer-goods titan, whose shareholders have had a great year. Over the past 12 months, PG stock is up over 40%. Although I would not bet against Procter & Gamble stock in the long-term, I
Uber (NASDAQ:UBER) will deliver its first earnings report as a public company after the market closes May 30, and investors are bracing for bad news. Source: Shutterstock The company is expecting to lose $2.39 per share, on revenue of $3.07 billion. This comes to $4 billion based on Uber’s 1.68 billion shares outstanding. In one
Stocks eked out a gain on Thursday, but it didn’t feel like a victory for the bulls. “Gut” can only take you so far, but it feels like this market wants to go lower before it goes higher. Maybe that won’t be the case and the tricky part is, one tweet from one person can