Everything was going right for the stock market until Oct. 3rd. Then everything went wrong. Up to that point, the Dow Jones Industrial Average had been up about 8 percent for the year — a solid gain if not quite as gaudy as the year before. More importantly, the fundamental backdrop was solid: The economy
Worried about a down year in 2019? It’s statistically unlikely. 2018 is ending on a downer, with the S&P 500 down six percent (down four percent when dividends are included) for its first real down year since 2008 (the S&P was down 0.7 percent in 2015 on a price basis, but on a total return
There’s a good chance that what ailed the market in 2018 could reverse sometime in 2019, providing strong tailwinds for stocks, some strategists said.
October and November were ugly months for the stock market and, in particular, big-tech stocks. The S&P 500, Dow Jones, and Nasdaq all plunged to 2018 lows, while the FANG stocks, Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) all dropped into bear market territory. But one big-tech giant that remained resilient during the market’s woes in October
U.S. stock futures are trading lower this morning after staging one of the strongest one-day rallies in ages. Yesterday’s 1,086 point gain for the Dow Jones Industrial Average marked its largest single-session point gain in history. This morning’s gap lower will test the resolve of buyers and confirm whether yesterday was a one-off or the
When Kevin Zraly first started studying wines almost 50 years ago, it wasn’t the most popular alcoholic beverage in the U.S. “People looked at me like I was nuts studying wines,” Zraly said. “All my friends were drinking beer.” At 21, Zraly hitchhiked to California to get exposure to the wines there. And after graduating
What would you tell someone if they were to ask you, “Should I buy Amazon (NASDAQ:AMZN) right now?” After all, Amazon stock is still well off its highs, even after the stock rallied 9.5% or $127 per share on Wednesday. The answer depends on who the investor is and what they own. To make a
What a year 2018 has been! As analysts debate and discuss what caused the volatility and the downturn in the equity markets globally, you and I can agree on the shared anxiety it has created. With that in mind, you might be wondering — how can you keep calm and carry on investing when the
Investor Peter Boockvar believes the stock market’s wild swings are evidence of a bear market. Boockvar recently told CNBC that the recent monster rallies do not signal the bulls are back. He noted bull market moves are more methodical. “We are in a bear market, and a bear market is not just going to end
It’s been rough few months for shares of Canada’s leading cannabis company Canopy Growth (NYSE:CGC). The lead-up to the country’s Oct. 17 legalization of marijuana fueled huge moves in pot shares, including CGC stock. Then, it quickly became a sell-the-news event, and it’s been down and out ever since. Since then, CGC stock has lost
As we end a year to forget, investors and analysts are wondering how to weather the bear market in equities. While the U.S. has a healthy economy, 2018 saw the U.S.-China trade war rapidly escalating and the earnings of many global companies suffering as a result. With the U.S., short-term interest rates also on the
The hottest gift of the season could also be the least used. For the 12th year running, gift cards remain the most popular items on wish lists, according to the National Retail Federation’s annual holiday report. Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods. The NRF
It’s pretty hard to single out one retail stock to buy for 2019, but if you’re building a list of such stocks, here’s why Target (NYSE:TGT) and Target stock ought to be at the top of your list. Target Stock Is Cheap If you exclude dividends, Target has a negative total return year-to-date through Dec.
The troubles facing Snap (NYSE:SNAP) and SNAP stock continue to increase. The company has failed to develop successful products aside from its core Snapchat app. In 2018, its financial losses mounted, many of its executives departed, and fewer users logged on to Snapchat. As a result, SNAP stock is now flirting with penny-stock status. These circumstances,
It’s at this time of year that I like to look ahead to the coming 12 months and make some stock market predictions. How will the next 12 months play out? What major catalysts will occur? Where will the market be one year from today? Some of those questions are harder to answer than others.
Historic swings in stocks this month have shaken many a bull’s faith in the market. Not entirely so for Raymond James’ chief investment strategist Jeffrey Saut, who sees years left in this bull market. But that prediction comes with a caveat. “Longer term secular bull markets tend to last 15, 16, 17 years — the
The stock market is likely to remain highly volatile, but the economy is unlikely to fall into a recession and that makes it a good time to “buy the dips” again when stocks fall, Leuthold chief investment strategist Jim Paulsen said.
Earlier this year, IQIYI (NASDAQ:IQ) stock was the mother of all momentum stocks, yet the year-to-date scoreboard shows that the stock has done nothing overall. It is important to note that the dip in IQ stock is not all from intrinsic problems. All Chinese stocks have been under severe pressure. In fact, IQ stock has done better