If you’re worried about the market’s record run coming to an end, one Bank of America strategist says fear not— because there’s a strong technical case for a rally through 2018. According to Stephen Suttmeier, chief equity technical strategist at Bank of America, the advance-decline line of the S&P 500 Index has broken out in […]
Main Lagos index has risen 12% this year, the most globally Ashburton says the gains can continue, while HSBC is bearish The world-beating rally in Nigerian stocks may not be over yet. The main equity index in Africa’s biggest economy has surged 12 percent this year in dollar terms, the most among 96 major bourses […]
The bulls on Wall Street continue to be in full control. Here is one fresh example of that bullishness. The bears might be having a field day raiding bitcoin and ripple speculators, but luckily for investors that voracious profit-taking hasn’t extended to stocks in 2018. And judging by one Wall Street investment bank, a market […]
Saudi bank investors welcome possible Binladin settlement Kingdom Holding jumps on news Prince Alwaleed negotiating Advanced Petrochemical falls after estimating 2017 profit drop Qatar National Bank climbs before earnings announcement Oman’s Renaissance Services slides on widening loss Signs of progress towards settling cases in Saudi Arabia’s crackdown on corruption boosted its stock market on Sunday, […]
One of Wall Street’s most bullish forecasters is out with a near-term correction call, but he’s not letting it interfere with his 2018 bull case for stocks. Canaccord Genuity’s Tony Dwyer is putting his faith in a historical trend that typically points to gains. “What we found is when the yield curve is flattening, it’s […]
Earnings season heats up this week with more big names likely to follow in the path of JPMorgan (NYSE:JPM) in reporting strong full-year guidance and muddied Q4 results influenced by one-time tax charges. In what could be a preview of many conference calls on tap, JP CEO Jamie Dimon called the new tax law “a […]
Facebook stock drops, Amazon looks ready for more smart-speaker dominance, and Apple gains PC market share. Here’s what investors should know. Just before earnings season gets ready to kick into high gear, a few major tech stocks made headlines this week. Facebook (NASDAQ:FB) made a big change to its news feed that sent its stock […]
While Kohl’s stock has risen by more than 70% since bottoming out in June, it could still have plenty of additional upside. Furthermore, Kohl’s big acceleration in sales suggests that off-price leaders Ross Stores (NASDAQ:ROST) and TJX Companies (NYSE:TJX) could be primed for strong sales and earnings growth — driving their share prices higher, as […]
These oil stocks have a gusher of new production coming on line this year at a time when crude is at a three-year high, which means they could fuel big-time profits for investors. The oil industry isn’t often known as a growth sector. However, thanks to new technologies and techniques, producers in the U.S. have […]
Kodak and Cogint were down big while MoneyGram soared. Here’s what investors need to know. What happened Shares of MoneyGram International (NASDAQ:MGI) climbed as much as 12% early Thursday, while Eastman Kodak (NYSE:KODK) was down 23.8% and Cogint (NASDAQ:COGT) had dropped 10.5% as of 1:00 p.m. EST on blockchain-related events. Blockchain is the digital-ledger technology […]
Stocks pushed further into record territory Tuesday, and the Standard & Poor’s 500 index’s immaculate start to the year extended to a sixth day. Healthcare stocks and banks led the way as calm continued to reign over markets around the world. The strong gains overshadowed weakness for dividend-paying stocks and other areas of the market […]
Wall Street’s major indexes extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports and hopes for easing tensions with North Korea. Defensive S&P sectors – utilities, real estate and telecommunications – were out of favor, while bank stocks were boosted by rising U.S. 10-year […]
