news on cyptos
For U.S. stocks, overvaluation risks have lingered ever since President Trump won the White House. Analysts at Bank of America Merrill Lynch say the S&P 500 Index could have room to grow another 25% from current levels. Recent actions by the Federal Reserve suggest all is not well in the U.S. economy. Analysts have been…
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This could be another bumper week for markets as more big-name firms are due to release their third-quarter earnings. Market-moving economic numbers are scant, though, with the Fed set to release Q3 productivity figures on Wednesday and September’s consumer credit report on Thursday. This week will be a big one for 2019’s IPOs as both…
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U.S. investors will only spend $30 billion on stocks in 2020. Recession fears have many investors taking out large cash positions. The stock market will rally in 2020 in the face of recession fears and trade wars. U.S. investors might soon find themselves on the wrong side of the cautionary saying, “you have to spend…
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Boeing shares rose on Monday, but are down sharply this year. At 8.5% of the Dow, BA continues to be a significant drag on the blue-chip index. Boeing CEO Dennis Muilenburg testified before the Senate Commerce Committee on Tuesday, where his company was criticized for its safety standards and ‘cozy’ relationship with the FAA. Shares…
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S&P 500 Index shatters new record high on Monday. Equity markets are rallying despite a three-quarter decline in corporate earnings – the longest stretch since 2015-16. U.S. firms are getting better at playing the expectations game. The Wall Street expectations game has created an artificially low hurdle for companies to clear every earnings quarter. Case…
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Beyond Meat stock may have gotten the wind knocked out of it, but that doesn’t mean it’s down for the count. Right now, investors are showing little appetite for BYND, but the stock is still up by a double-digit percentage year-to-date. The alternative meat company is a first-mover, and it will have an advantage if…
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“This stock market rally has everything,” the New York Times proclaimed earlier this year, “except investors.” What the Times was hitting on was the curious fact that while major stock indices mounted spectacular recoveries, investors weren’t the ones driving equities prices higher. In fact, as CCN reported in July when the Dow Jones Industrial Average…
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It’s been more than three decades since the bottom fell out in the stock market in 1987, and one thing remains clear – the more things change, the more they stay the same. On Oct. 19, 1987, the Dow Jones index plummeted more than 22%, marking the worst single-day performance in the New York Stock…
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Shares of Johnson & Johnson (NYSE:JNJ) plunged on Friday amid reports the consumer healthcare company had recalled some of its baby powder after government testing found traces of asbestos in one of the bottles. JNJ Confirms Asbestos Discovery Already bogged down by thousands of lawsuits tied to its leading baby powder product, Johnson & Johnson…
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Shares of UnitedHealth Group Inc (NYSE: UNH), the Dow’s fourth most heavily weighted component, shot up after the healthcare giant beat Wall Street’s current growth estimates. On Tuesday, the stock rose from Monday’s closing price of $222.07 to $239.84, a jump of 8%. The Dow 30 member has since pared some of the gains to…
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