Avocado toast and that extra side of guacamole are probably going to get more expensive if President Donald Trump‘s newest trade threat becomes a reality. The United States gets the vast majority of its supply of the popular fruit from Mexico. If Trump’s surprise threat of 5% tariffs on imports from the country goes into effect,
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
Traders work on the floor at the New York Stock Exchange, May 23, 2019. Brendan McDermid | Reuters Expectations for a Fed bailout for markets and the economy rose sharply after President Donald Trump’s surprise threat to put tariffs on all Mexican goods if Mexico doesn’t do more to stop immigrants from entering the U.S.
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
Shares of Ford (NYSE:F) have been doing surprisingly well so far this year. While the shares are is still down 15% over the past 12 months, F stock has roared higher by more than 26% so far in 2019. Source: Shutterstock While the stock — like most — was oversold in late December and enjoyed
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
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
Trucks carrying cars queue in front of the Otay Mesa border crossing in Tijuana. Omar Martinez | picture alliance | Getty Images Shares of the largest U.S. automakers dropped in premarket trading Friday after President Donald Trump announced that the U.S. will impose a 5% tariff on goods imported from Mexico on June 10. General
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
BP – under CEO Bob Dudley – has come a long way after its Gulf of Mexico oil spill, but maybe it has a bit more to go before investors will want to jump into the stock. (Photographer: Chris J. Ratcliffe/Bloomberg) BP plc seems to be on a roll. This past Thursday, the British oil giant announced the purchase of U.S.
Uber CEO Dara Khosrowshahi (center) joins other employees in ringing the Opening Bell at the New York Stock Exchange (NYSE) as the ride-hailing company Uber makes its highly anticipated initial public offering (IPO) on May 10, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making
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
Despite its decades-long presence, AT&T (NYSE:T) has become a risky investment. AT&T stock faces a crushing debt burden and high dividend obligations as it experiences a fundamental transformation in its industry. Even after recovery from the December lows, the stock price has fallen by more than 25% from its 2016 peak. Source: Shutterstock However, its
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
Stocks eked out a gain on Thursday, but it didn’t feel like a victory for the bulls. “Gut” can only take you so far, but it feels like this market wants to go lower before it goes higher. Maybe that won’t be the case and the tricky part is, one tweet from one person can
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s threat to curb exports of rare earth minerals to the United States could move the needle in an escalating trade war as the world’s two largest economies continue to jockey for leverage.
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
The stock market sell-off may not be over, but it’s finally spooking some investors — and that is a good sign. That’s evident in the sharp jump in the put-call ratio, according to Strategas Research technical analyst Todd Sohn. The put-call ratio Sohn follows measures all put and call options on the CBOE in stocks
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
As the markets get ready to finish a volatile month, I’d like to discuss the outlook of Procter & Gamble (NYSE:PG), the consumer-goods titan, whose shareholders have had a great year. Over the past 12 months, PG stock is up over 40%. Although I would not bet against Procter & Gamble stock in the long-term, I