IBM stock falls and Apple brags about how it will help the U.S. economy. Earnings season gained momentum this week, as one of tech’s biggest names — IBM (NYSE:IBM) — reported results. Despite its first quarter of year-over-year growth in nearly six years, the company failed to impress as growth in its newer businesses wasn’t […]
Oil prices are at multiyear highs, but these three companies are set to profit whether they go higher or not. Here’s why they’re worth buying now. The oil and gas industry can be a difficult place for investors to navigate, as anyone who’s invested in the industry over the past several years can attest to. […]
Even with a government shutdown looming, CNBC’s Jim Cramer expected good things for the next leg of earnings season. “Earnings season is upon us and it is always a guessing game, but this time around the rules have changed,” the “Mad Money” host said. “Rather than worrying about whether companies will beat or miss their […]
Investors shrugged off the potential for a federal government shutdown Friday, driving U.S. stocks higher and setting new milestones for several of the indexes. The Standard & Poor’s 500 index, Nasdaq composite and Russell 2000 index of smaller-company stocks finished at record highs as the market bounced back from modest losses a day earlier. The […]
“Both [Fundstrat technical strategist Rob Sluymer and I] think it’s more like 2029 is the peak of this equity market cycle and then, the S&P is 6,000 to 15,000,” said Lee, head of research at Fundstrat Global Advisors, on CNBC’s “Halftime Report” on Friday. “So I think it’s just important to be long-term oriented right […]
European equities closed provisionally higher Friday as investors digested strong economic data. The pan-European Stoxx 600 provisionally closed 0.5 percent higher, hitting its highest level since August 2015, while the euro zone’s Stoxx finished the session 0.8 percent higher, hitting a 10-year high. Basic resources were among the gainers following strong demand figures for metal […]
Losses among Boeing, General Electric and other big industrial companies weighed on U.S. stocks Thursday, pulling the market below the record highs it set the day before. Energy stocks contributed to the modest decline following a slide in crude oil prices. Technology companies accounted for the biggest gains. Bond yields climbed to their highest level […]
The bond market is in the process of making an important move, and stock traders are keeping a wary eye on it. On Thursday afternoon, the benchmark 10-year Treasury yield crept close to 2.63 percent, a level it came near last year but has not really traded above since 2014. The yield was above 2.62 […]
European markets closed slightly higher on Thursday, as investors monitored recent gains from Wall Street. The pan-European Stoxx 600 closed provisionally almost 0.2 percent higher, with most sectors and major indexes in positive territory. Technology stocks were among the gainers Thursday, up 1.4 percent amid corporate earnings news. A flurry of brokerages upgraded their stock […]
Check out which companies are making headlines before the bell: Morgan Stanley – The investment bank reported adjusted quarterly profit of 84 cents per share for the fourth quarter, 7 cents a share above estimates. Revenue also came in above Street forecasts. The company said it saw growth across all its business segments during 2017. […]
Equity markets bounced back Wednesday after a wild ride in the previous session, and one top technical strategist sees a more pronounced decline ahead as we near the latter half of the month. The S&P 500 will likely see a loss of momentum in the coming sessions with a potential 4 to 5 percent pullback into February, […]
A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor’s 500 index and the Nasdaq composite, wiping out the market’s modest losses from a day earlier. Technology and health care companies […]
