December 29, 2016: Markets opened higher Thursday but were unable to hold onto early gains, probably due to some selling as traders get their ducks in a row for the new year. Equities have bounced around the break-even line most of the day. Utilities is the best performing sector while financials is the worst. WTI crude oil for February delivery settled at $53.77 a barrel, down about 0.5% on the....More>>>
With the semiconductors space heating up going into 2017, should you pick shares of Qualcomm over Intel’s?
Semiconductor companies have done very well in the last year. In fact, in the last 52 weeks, the average price change for the sixteen semiconductor stocks which are included in the S&P 500 index was 35.62%. In this period the price change of the S&P 500 was 11.94%, and of....More>>>
President Donald Trump remains frustrated with Chinas weak currency, in contrast with his Treasury chief, who appears to be trying to turn down the tough-on-China rhetoric.
Wynn Resorts (WYNN) soared nearly to the top of the S&P 500 today after Morgan Stanley argued that the casino stock had the potential to double.
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Wynn Resortsgained 4.8% to $104.30 today, while the S&P 500 finished little changed at2,373.47. At 2:45, Wynn was easily the top performing stock in the S&P 500, only to be surpassed by Citrix’s....More>>>
The latest COT report showed little movement in trader positions before the Yellen. But since this report only included positions as of Tuesday, it didn’t include Wednesday’s bear raid and trader responses to Ms. Yellen’s speech on Friday. Nevertheless, we saw an increase in speculative gold longs (which surprised us), a decrease in speculative shorts, and also a decrease in the....More>>>
A few days ago, an article about Nike (NYSE:NKE) argued that “Nike’s shares aren’t priced to buy.” The reasoning was that “Nike is, at best, fairly valued. And it certainly isn’t trading hands at fire-sale prices.” The question is: should you expect (and wait for) fire-sales prices? Most value investors know the maxim that it is better to buy a great business....More>>>
Shares of Control4 (NASDAQ:CTRL), a leading provider of automation and networking systems for homes and businesses that boasts products to personalize control of music, video, lighting, comfort, security, and communications as an entire premium smart home system, are soaring 20% higher on Friday as of 1:40 p.m. EST.
The surge in price was fueled by the company’s....More>>>
Prairie Provident Resources (OTC:PRPRF) is the latest name for Lone Pine Resources after the company combined with Arsenal Energy (OTCQX:AEYIF). The surviving company quickly went to work cutting costs and increasing production. The combined company exited the year with 5,550 BOED of production. The average production for the year was 3,680 BOED, so the company has made considerable production progress....More>>>
The steel industry is garnering a lot of attention this year due to expectations of increased economic activity and the President’s announcement that new oil and gas pipeline construction will be built with U.S.-manufactured steel, observes Crista Huff, editor of Cabot Undervalued Stocks Advisor.
I’m adding Schnitzer Steel Industries (SCHN) to the Buy Low Opportunities Portfolio.....More>>>
No bank is more globally interconnected than Citigroup. Image source: iStock/Thinkstock.
It was about a century ago that Citigroup (NYSE:C) decided to chart a separate course from the rest of the bank industry. It continued to build its domestic operations, but shifted much of its focus to creating a vast network of banking offices around the world.
That decision has defined Citigroup....More>>>