U.S. stocks have had an incredible run over the last two months and even at these record-breaking levels there are still profits to make at least until March, when it will be time to run for the hills.
Thats a key message from Goldman Sachs chief U.S. equity strategist David Kostin, who says optimism over expected tax reforms from the Trump administration is likely to push the S&P 500....More>>>
Amazon is getting ready to take over the retail industry, replacing labor with technology, and make minimum wage irrelevant.
At Amazon Go stores—a new chain of convenience stores to be rolled out in 2017—there will be no floor employees to assist customers, no store greeters, and no cashiers to collect payments. They will all be replaced by technology, which monitors customers....More>>>
February28, 2017: Markets opened lower again Tuesday but neither the Nasdaq Composite nor the S&P 500 index could climb out of the slough of despond. The blue chips did rise into positive territory briefly, but couldn’t hold onto the gains. Among the 11 S&P sectors, only utilities and consumer staples traded above the breakeven line while the losers were consumer discretionary sotcks....More>>>
Either Wall Street is wildly enthusiastic about the future prospects of Tesla Inc. (NASDAQ: TSLA) or pessimistic about Ford Motor Co.’s (NYSE: F). It could be some mix of the two that has brought Tesla’s market cap of $43 billion, which is 88% of Ford’s $49 billion.
The contrast in size between the two is massive. Tesla barely produced 83,000 cars last year. Ford produced....More>>>
“What do you do when a stock looks cheap on an absolute basis (i.e., expected forward return), but only fairly priced on a relative basis (normalized revenue and margins plus EV/Sales, EV/EBIT vs. their own historical multiples)? For example, I own four Japanese stocks that appear to offer mid-teen forward returns but are trading closer to a [50th percentile]....More>>>
The price of the digital currency bitcoin quietly hit a new all-time high Wednesday at $1,161.89. The move to an all-time high was short lived, however, as the price of one bitcoin fell as low as $888.99 on Thursday.
At its peak lows, bitcoin was lower by nearly 25 percent. By 1:15 p.m. ET on Thursday, the digital currency was trading at around $980, down nearly 15 percent for the day.
After a few weeks of “spirited” and profitable activity in the middle of September, in which we broke below the eight-week “ultra-tight” range and bounced up, the markets have settled back into the doldrums that have defined the past few months.
In fact, for the past two years, U.S. markets have managed to move from trading-range box to trading-range....More>>>
Stocks extended their rally last week as both the Dow Jones Industrial Average(DJINDICES:^DJI) and S&P 500 (SNPINDEX:^GSPC)gained over a full percentage point. The two indexes are up nearly 5% so far for the year.
^DJI data by YCharts.
Earnings season is likely to continue to produce big stock swings for the companies involved. And the next five trading days have no shortage of....More>>>
Forget what I said earlier about the Dow Jones Industrial Average heading for its first loss after six days of gains. All the major indexes finished higher today, although there was a flip in relative performance.
The S&P 500 rose 0.8% to 2,180.39 today, snapping a two day losing streak. The Dow Jones Industrial Average advanced 54.37 points, or 0.5%, to 18,923.06,....More>>>
For the past three years, the company has been testing shelf-scanning robots in some stores in Arkansas, Pennsylvania and California. The machines, which move up and down aisles, look for out-of-stock items and products that are mislabeled or inc