iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max Todd Haselton | CNBC J.P. Morgan raised its price target on Apple’s stock Monday, expecting the company’s shares will rise 21% as sales of its new line of iPhone are “stronger than muted expectations.” “We are modestly raising our iPhone volume forecasts and expect investor sentiment
Crude oil falls as Iran talks to talk of peace Words and actions are a different story Three reasons to buy dips in crude oil On September 14, the attack on Saudi oilfields that temporarily knocked out 50% of output amounting to 6% of world’s supplies caused a price spike in both WTI and Brent
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bed Bath & Beyond — Shares of Bed Bath & Beyond jumped 7% after WedBush upgraded the home goods retailer to outperform from neutral, saying the revamped board of
Up nearly 20% year-to-date, Walt Disney (NYSE:DIS) has been one of the steadier names in the Dow Jones Industrial Average. However, Disney stock lost some of its luster in the third quarter. With just one trading day left in the July through September quarter, Disney stock is staring at a loss of nearly 7% for
As we enter the final quarter of 2019, most companies are getting ready to report earnings. Today, I’d like to discuss three tech stocks that will likely exhibit volatility and profit taking in the coming weeks. Specifically, the three tech stocks to sell are Facebook (NASDAQ:FB), Nvidia (NASDAQ:NVDA) and Tesla (NASDAQ:TSLA). With these stocks, you may consider waiting
U.S. stock futures are trading higher this morning. The slight rebound comes after heavy selling pressure on Friday on reports that the White House was discussing potential investment restrictions for U.S. investors into China. Chinese stocks were among the day’s biggest losers with the iShares China ETF (NYSEARCA:FXI) falling 1.2% on its highest volume session
CNBC’s Jim Cramer on Friday called Wells Fargo‘s selection of veteran banking leader Charles Scharf as its new CEO a “brilliant move.” “This was a job that was offered to Charlie a while ago. And Charlie didn’t want to take it,” Cramer said. “But I think the opportunity was just too great, was my understanding.”
Check out the companies making headlines before the bell: Beyond Meat – McDonald’s is testing a new “PLT” – a plant, lettuce, and tomato sandwich – that uses Beyond Meat’s plant-based patties. The tests will take place in 28 restaurants in Canada. Accenture – The consulting firm earned $1.74 per share for its fiscal fourth
Although the popular trading platform had a robust start to the year, TD Ameritrade (NASDAQ:AMTD) stakeholders have not had much reason to smile since then. After February, TD Ameritrade stock entered into a decisively bearish trend channel. Shares became particularly volatile in August before picking back up this month. Source: Bandersnatch / Shutterstock.com Unfortunately, AMTD
Shopify (NYSE:SHOP) has been a star for ahile, but it looks as if the shine on Shopify stock is beginning to fade. Source: justplay1412 / Shutterstock.com To be fair, they’re not alone. Lately, there has been a deflating of many tech high-fliers. Just look at the drops in stocks like Slack (NYSE:WORK), Roku (NASDAQ:ROKU), Workday (NASDAQ:WDAY)
Thursday was a back-and-forth session, but by the time the closing bell rang, the bears were on top. The S&P 500 ended the session down 0.24%, and still very much on the fence. Source: Shutterstock UnitedHealth Group (NYSE:UNH) was one of the key reasons stocks couldn’t stay in the black. Shares fell another 3%, logging
China’s President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images U.S. consumers are getting increasingly anxious about the trade war with China despite a recent thaw in the tensions ahead of the trade
Ari Emmanuel Dan Steinberg | Invision | AP In a surprising move, Endeavor pulled its IPO just before it was set to price, signaling a possibly softer market for other initial offerings, after a disappointing debut by Peloton Interactive earlier Thursday. The difficult market environment for such high profile IPOs was seen as a negative
Let’s face it. Everything is about technology these days. Want to watch a movie? Turn on your smart TV, open Netflix (NASDAQ:NFLX), and pick a show. Want to figure out how to make a sandwich? Take out your smartphone, open Alphabet’s (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube, and watch a short instructional video. Want to listen to a song?
Here’s a bit of sobering news for Exxon Mobil (NYSE:XOM) bulls. Ten years ago, Exxon Mobil was a $70 stock. Today, XOM stock trades hands around $70. In other words, XOM stock hasn’t gone anywhere over the past decade. During that stretch, the S&P 500 has risen nearly 200%, Amazon (NASDAQ:AMZN) stock has jumped nearly
The Street woke up this morning to news that the White House is considering limiting U.S. investors’ portfolio flows into China. Though President Donald Trump has recently flirted with the idea of a trade truce, teasing Wednesday that a trade deal “could happen sooner than you think,” this kind of tension-increasing move indicates otherwise. Source:
Randal Quarles, vice chairman of supervision at the Federal Reserve, at the NABE Economic Policy Conference in Washington, D.C., U.S. on Feb. 26, 2018. Joshua Roberts Washington, D.C. — The U.S. economy is chugging along nicely even as worries over the country’s trade policy are hurting business investment, a top Federal Reserve official said Friday.
Check out the companies making headlines before the bell: Wells Fargo – Wells Fargo named Bank of New York Mellon CEO Charles Scharf as CEO, effective October 21. Wells Fargo has been without a permanent CEO since Tim Sloan left the bank earlier this year. BNY Mellon named CFO Thomas Gibbons as its interim CEO.
When you think about Bank of America (NYSE:BAC) stock, you probably consider it a relatively safe investment in an established, gigantic bank. Maybe it’s the type of stock your father and grandfather would buy and hold; after all, in 2008 the U.S. government showed its willingness to bail out big banks when they’re struggling. Source:
As goes the U.S. economy, so go U.S. banking stocks. Thus, it should be no surprise that as the U.S. economy has slowed since early 2018, shares of Bank of America (NYSE:BAC) have struggled. Specifically, from January 2018 to present, Bank of America stock hasn’t gone anywhere. That’s a near 20 month stretch of zero