Even with the U.S.-China trade war still raging, Chinese stocks are on fire. Increasing trade tensions between the U.S. and China through the back-half of 2018 took a sledgehammer to Chinese shares. Baidu ended the year with a 32 percent loss, while Tencent was down 23 percent, and Alibaba dropped 21 percent. However, the FXI
As the earnings season continues to turn up big winners, Morgan Stanley offers a list of its best trading ideas. Earnings season kicked off this week as investors digested the first batch of numbers coming out of a slew of big banks. Fourth-quarter earnings are expected to be strong, with the Wall Street consensus seeing
Former Vanguard Group Chairman and CEO F. William McNabb told CNBC that his first meeting with Jack Bogle, and the one that made a lasting impression on him, was his interview for a product manager position at the fund company in 1986. Bogle, the founder of Vanguard who is credited with revolutionizing the investment business,
Tesla shares took a big hit to end the week after CEO Elon Musk announced that the company would cut 7 percent of its workforce in order to cut costs as the company prepares to ramp up production and boost margins as they get closer to releasing the long-awaited $35,000 version of the Model 3.
Disney isn’t launching its new streaming service until later this year, but investors are already learning the economic challenges of the business. The media company said in a filing on Friday that its investment in Hulu was the primary contributor to a $580 million loss in equity investments in the fiscal year that ended Sept.
J.P. Morgan Chase CEO Jamie Dimon got a 5 percent bump — $2 million — in his pay last year following record annual earnings for the company. Dimon’s full compensation for 2018 totaled $31 million, up from $29 million, according to an Securities and Exchange Commission filing released Thursday. The compensation includes a base salary
Fiat Chrysler Automobiles NV: “That was a CEO situation. It had a great CEO, and after [his death], we just can’t go there. Let it rally a little and then run. I’m sorry. I mean, it was just such a well-run company, but I’m not endorsing it anymore.” Brink’s Co.: “I think this Brink’s went
You know you’re in trouble when fictional Harry Potter spells like “expelliarmus” and “wingardium leviosa” are considered more understandable than the terms of your checking account. Bank websites are chock full of jargon and complex language that the typical customer doesn’t find readable, according to a recent report from VisibleThread. The software company (whose services
Jack Bogle was sure of his pioneering market invention, but he always had misgivings about what it had become. Bogle, who died Wednesday the age of 89, devised the index fund in 1975 as a way for retail investors to be able to compete with the pros. Rather than bunch a group of stocks into
Political uncertainty abounds. The U.S. government is mired in its longest shutdown ever, U.S.-China trade talks are proving intractable and the Democratic challenger field is expanding as the 2020 presidential election grows closer. But LPL Financial senior market strategist Ryan Detrick says these unknowns coming from Washington are unlikely to shake Wall Street. In fact,
Exxon Mobil Corp.: “Exxon Mobil has finally gotten cheap. It’s an incredibly well-run company. It’s never been wrong to buy it here at [a] 4.5 dividend yield, so I’m with you. And I don’t like to recommend the oils right now because they’ve been really bad.” Newmont Mining Corp.: “I don’t like the deal as
One of the best stock pickers on Wall Street isn’t even human. The AI powered equity ETF, or AIEQ, has already doubled the gain of the S&P 500 so far this year. Powered by IBM’s artificial intelligence Watson, this actively managed portfolio is the first of its kind, said Sam Masucci, founder and CEO of
Technology executives are telling CNBC’s Jim Cramer that they’re willing to endure short-term pain from the U.S.-China trade war in favor of the long-term payoff. “When I went out to San Francisco last week, I heard the same thing from a surprising number of people in the tech industry who do not like President [Donald]
Bond bulls take note: Treasury yields are moving lower, and according to one technical indicator, the slide may only just be getting started. On Friday the 10-year yield entered the death cross, when the 50-day moving average crosses below the 200-day moving average. This technical indicator is typically viewed as a sign of further weakness.
Bank of America-Merrill Lynch sees evidence the stock market’s bullish activity has near-term staying power. And, it’s using a currency chart to illustrate its case. Paul Ciana, the firm’s chief global technical strategist, highlighted the dollar versus the Chinese yuan on CNBC’s “”Futures Now” to show the strength of “risk on” (or high-yielding, risk-sensitive) assets.
Goldman Sachs is predicting that earnings growth in 2019 could be quite disappointing, advising clients to steer clear of companies leveraged to strong economic growth. In a research note to clients this weekend, the firm gave a forecast that should worry bullish investors, warning that big consumer brands were sounding a warning about corporate profits
Call it the Apple turnover. Shares of the tech giant are down over 30 percent from its October high, shedding more than $400 billion in market capitalization from peak to trough. Apple‘s collapse comes amid growing fears over iPhone demand and trade tensions. Last week, the stock fell nearly 10 percent in a day, setting
Fresh back in D.C. from a Colorado ski vacation, it strikes me that the treacherous year ahead that we confront – littered with political, economic and security risks – presents all the challenges of a double black diamond ski run. Those slopes are signposted as such to warn skiers of an approaching terrain that is
Lockheed Martin Corp.: “That’s not a growth stock. That is not a growth stock, not with Democrats taking over control of the House. I am not going to steer you toward Lockheed Martin. If you want growth, I suggest you do not look at the defense stocks.” J.M. Smucker Co.: “They keep missing the quarter,
Netflix shares jumped nearly 3 percent in the premarket Friday after multiple analysts upgraded the video-streaming giant. Raymond James’ Justin Patterson upgraded the stock to strong buy from outperform. He also hiked his price target on Netflix to $450 per share from $435, implying a 38.6 percent surge. “Netflix is approaching a profit inflection,” Patterson
Cleveland-Cliffs Inc.: “The company’s best in show, but I’ve got to tell you, the stock is not going to be a good stock if the Fed tightens again. I don’t think they’re going to in the near future, but I’ve got to tell you, it makes me nervous.” Sina Corp.: “I don’t really care about
All eyes are on banks stocks ahead of earnings next week, and the Street is split on whether financial stocks are attractive at current levels. Blue Line Futures President Bill Baruch says caution is warranted, while Susquehanna’s Stacey Gilbert says heightened volatility in the options market is a signal to buy. “I’m very cautious right
Autozone Inc.: “Autozone has got the best buyback of any company I’ve ever seen. They can slowly and methodically pull stock in. I’ve been recommending the stock since the buyback began. This is a great level to buy, even up here, just 60, 70 points from its high. A lot of stocks are up a
The bull market is at a make-or-break moment, one technical analyst says. Stocks on Tuesday posted the longest daily winning streak since November. “The S&P is in a very pretty, beautiful, rhythmical, symmetrical uptrend that we’ve just broken through,” TradingAnalysis.com founder Todd Gordon said Tuesday on CNBC’s “Trading Nation.” After examining the S&P 500 chart,
Many of DoubleLine Capital CEO Jeffrey Gundlach‘s predictions have come true, including the stock market’s monster sell-off in December. Now here are his latest thoughts on the markets. The so-called bond king, who manages more than $200 billion, gave his predictions in a Tuesday webcast on a variety of asset classes including stocks, bitcoin and
Jefferies downgraded J.P. Morgan Chase and a bunch of other banks because the Federal Reserve could be done hiking interest rates, which in turn, will hurt banks’ profitability, the firm said. “The biggest change to our ests. is from removing rate hikes from our models,” wrote analyst Ken Usdin, who also cited competition for loans
Stamps.com Inc.: “This is a giant short squeeze. I want you to be very, very careful of this stock. It is a wild trader and it is not my favorite because I don’t really understand how they make a lot of money. I do welcome them on the show, though.” Medtronic PLC: “People were saying
Bridgewater, the world’s largest hedge fund, posted returns for 2018 that not only outperformed benchmark indexes for various asset classes, but also many of its peers. The firm’s flagship Pure Alpha fund finished the year returning 14.6 percent net of fees, a person with knowledge of the matter said. A hedge fund index weighted based
Individual investors may want to add one more resolution to their lists for 2019: Watch their backs. More than a decade after the financial crisis, individual investors are still viewed as the best guardians of their own personal financial security. The aftermath of the crisis prompted new efforts to boost protections for individuals, with many
For workers in their 50s, the career trajectory to retirement can start to look less like a straight track and more like the lift hill of a roller coaster — just before a series of scream-inducing drops, twists and rolls. Are your finances ready for that ride? To be sure, the current job market is