Thanks to a strong labor report on June 1, the stock market has spent the first few days of this month in rally mode. Now, many indices and stocks are nearing or are in technically overbought states, making stock-picking a bit more difficult. So what are the best stocks to buy for June? The tech […]
The emotions of weed smokers might be hitting new highs, with Canada expected to legalize recreational cannabis Thursday. But shares of marijuana companies that have much to gain from the change aren’t as peppy. Though the Canadian senate is likely to vote in favor of legalizing recreational weed in the country Thursday, major marijuana companies […]
While Wall Street stocks may well be on their way to fresh highs, the dollar has been taking hits from all comers. That buck weakness is largely due to speculation the ECB may be nearing its own quantitative-easing unwind. The dollar is also sagging a bit as investors fret about the upcoming G-7 and Trump-Kim […]
The S&P 500 looked to be running out of steam after four days of gains on Thursday, a poor financial report from J.M. Smucker pulling down packaged food makers and countering a boost for technology firms from the lifting of a ban on China’s ZTE Corp. U.S. Commerce Secretary Wilbur Ross said on Thursday that […]
Here are five things you must know for Wednesday, June 6: 1. — Tech Drives Market Advances U.S. stock futures were higher on Wednesday, June 6, and shares in Europe and Asia rose with with tech stocks again driving the gains. Contracts tied to the Dow Jones Industrial Average rose 104 points, futures for the […]
Once-prosperous companies fall on hard times more often than one might think. Changing industry dynamics, excessive debt levels or poor management decisions can take even the largest of companies to a breaking point. When bankruptcy fears set in, these stocks can sometimes fall into the low single-digits. Indeed, many of these stocks go bankrupt. However, […]
David Stockman is intensifying his bear case. President Ronald Reagan’s Office of Management and Budget director blames a bull market that’s getting longer in the tooth — paired with headwinds ranging from President Donald Trump’s leadership to fiscal policy decisions to questionable earnings. “I call this a daredevil market. It’s all risk and very little […]
U.S. stocks closed firmly higher Wednesday, with two major indexes ending at records as equities extended a recent winning streak to a fourth straight session. The day’s gains were broad based but led by financial stocks, which were the top-performing sector of the day as bond yields rose. What did the markets do? The Dow […]
Twitter’s stock jumped on news that the company is being added to the S&P 500. This may be a good time to sell Twitter TWTR, +5.07% That’s because stocks added to major U.S. stock market benchmarks such as the S&P 500 SPX, +0.07% tend to lag the market over the next several years. In fact, […]
The major averages may paint an ideal picture for the stock market, but CNBC’s Jim Cramer warned on Tuesday that some strong sectors aren’t enough to sustain a long-term rally. “The truth is that while a couple of groups are leading the way here, namely tech and retail, very few stocks away from those groups […]
Stock-market bulls have plenty to be proud of after two months of hard-won progress, but they still have a bit more to prove. The S&P 500 benchmark is up more than 6 percent since early April, chopping sideways and grinding higher through a well-hyped series of ills that threatened to compromise the health of the […]
Maybe we should have seen it coming. The setup was beautiful. A dynamic, innovative company with stellar sales growth was facing serious accusations of failing to protect users’ personal data, and its CEO was scheduled to be grilled by lawmakers in Washington for two days. The stock was down big, setting up the possibility of […]
