Category Archives for News

‘Buy Starbucks’ into earnings, says top technical analyst

earnings

Starbucks shares are heating up. The coffee chain has rallied more than 13 percent in the past three months, shaking off a broad decline on the S&P 500, to get back within range of record highs. Ahead of its earnings report after the bell Thursday, one top technician says it looks like a buy. “The trend looks pretty […]

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Fourth Week in the Green Thanks to Earnings, Trade

trade news

Stocks were well on their way to a fourth straight session of gains on Friday afternoon, and then some potentially positive trade news boosted the major indices even further. By the closing bell, the market had jumped by more than 1% and completed a fourth straight week in the green. The Dow advanced 1.38% (or 336 […]

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Top analysts’ 5 favorite growth stocks for 2019

investors

The jury is still out on what 2019 will bring for investors. Despite an encouraging start to the year, investors are worried that earnings season may reveal share prices are still overvalued. However, even in these uncertain times, there are still compelling growth stocks to be found. You just have to know where to look. Here […]

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Asian Markets Advance on Optimism Over China-US Trade

trade talks

BANGKOK (AP) — Shares in Asia rose Monday, extending gains on Wall Street last week. Buying enthusiasm has been spurred by renewed hopes for progress on resolving China- US Trade standoff. Shares rose in Shanghai and Hong Kong early Monday despite news that China’s economy grew at its lowest pace in three decades last year. KEEPING […]

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A contrary indicator suggests the market’s win streak is just beginning

S&P 500

The market’s win streak may be just beginning. Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year.He’s partly building his bull case based on a chart pointing to negative market sentiment.”At the end of last […]

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Schlumberger Gains After Q4 Earnings, Dividend, Offset 2019 Outlook Uncertainty

Fourth- Quarter gains

Schlumberger Ltd  posted stronger-than-expected fourth-quarter revenue Friday, and declared a 50 cent share dividend, even as it cautioned that recent oil price volatility has added more uncertainty into its 2019 outlook. Schlumberger said adjusted earnings for the three months ended in December came in at 36 cents a share, largely in-line with the consensus forecast. Revenues […]

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Dow rises 312 points with China and US Trade Negotiations Talks

Trade Negotiations

Stocks rose on Friday as investors cheered potential progress in trade negotiations between China and the U.S. The Dow Jones Industrial Average rose 314 points, led by gains in Caterpillar and Home Depot. The S&P 500 climbed 1.3 percent, trading out of correction territory, as the materials and industrials sectors outperformed. The Nasdaq Composite advanced 1.1 […]

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Cramer: Not all of retail is struggling—just look at these 3 winners

Retail Trading

Department store operators like Macy’s may be struggling after a weaker-than-expected holiday season, but other, more focused retailers are thriving, CNBC’s Jim Cramer said Wednesday after a positive day for the major averages. “The department stores may be in rough shape here, but that’s just because people are buying stuff online or from stores that are […]

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New Strong Buy Stocks for January 17th

Strong Buy Stocks

Here are 5 stocks added to the Zacks Rank #1 (Strong Buy) List today: General Motors Company (GM – Free Report): This company that designs, builds, and sells cars, trucks, crossovers, and automobile parts has seen the Zacks Consensus Estimate for its current year earnings increasing 0.9% over the last 60 days. General Motors Company Price and ConsensusSponsored […]

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US Stocks Gain as Goldman, BofA Top Earnings Forecasts, Offsetting Trade Concern

Stocks

The Wednesday Market MinuteU.S. equity futures turn green after stronger-than-expected earnings from Goldman Sachs and Bank of America.Global stocks mixed amid the increasing confusion over the impact of Prime Minister Theresa May’s historic parliamentary defeat on Brexit last night and concern over the lack of progress in U.S.-China trade talks.U.K. lawmakers will debate a non-confidence […]

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