Month: May 2019

From Myra P. Saefong: The U.S. Energy Information Administration reported Thursday that domestic supplies of natural gas rose by 114 billion cubic feet for the week ended May 24. The average forecast of analysts polled by S&P Global Platts had called for an increase of 95 billion cubic feet. Total stocks now stand at 1.867 trillion cubic
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Fortinet Inc (NASDAQ:FTNT) is a cybersecurity firm that’s been around for nearly 20 years. The company went public about a decade ago, in the teeth of the financial crisis, and has a checkered history in the markets. Source: Shutterstock Considering the sector Fortinet stock is in, that was certainly a better time to launch a
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After the Trump tax cut in 2017, it was easy to see that big corporations were the big winners. They could extend their massive stock buyback programs into 2018 and keep earnings growing until the economy got back up to speed. But it also helped the banks, especially regional bank stocks. They were able to
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The continuing weakness in the stock market is starting to cause concern. Technical analysts, in particular, are suggesting that if the S&P 500 ETF (NYSEARCA:SPY) falls any farther, it will trigger a steep correction. Other indexes are looking shaky too. The small-caps, represented by the iShares Russell 2000 ETF (NYSEARCA:IWM), are down nearly 9% from their
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From Myra P. Saefong: U.S. oil futures dropped Thursday to finish at their lowest in more than two months after U.S. government data showed a modest weekly decline in domestic crude stockpiles, along with an increase in crude production to a record. Still, “concerns about the global economy and trade war angst are the two biggest influences
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Let’s start this article by stating that stocks under $10 aren’t necessarily cheap stocks. This is a common misconception. In the financial world, “cheap” is a valuation measure — a low price-to-earnings multiple, or low price-to-book ratio. Just because a stock is trading with a single-digit price tag, that doesn’t necessarily imply cheap. Profits could
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Throughout many life circumstances, you’ll often hear the phrase “there are two sides to every story.” Usually, this is such an annoyingly accurate statement that you don’t need to repeat it. But in some situations, only one narrative is valid. I believe that’s the case for Bank of America (NYSE:BAC), particularly BAC stock. Source: Shutterstock
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So far in May, the Information Technology sector XLK, +0.19% has lost 7.4%, as measured by the Technology Select Sector SPDR fund, while the materials sector, gauged by the Materials Select Sector SPDR ETF XLB, +0.08% has retreated 7.2% and industrial stocks, measured by the Industrial Select Sector SPDR ETFXLI, +0.27% have fallen 6.3%, compared with a 5.1% decline in the broader S&P
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After a white-hot start to 2019, it has been a wild ride for investors. As the war of words has progressed in the trade battle between China and the U.S., price volatility has been on the rise. Investors tend to shy away from volatility, which is a word that generally is only mentioned when prices
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