The good thing about Las Vegas is everyone knows it’s a game of chance. This is good, or only passably bad, for gamblers, since the odds favor the house, but it is very bad for market priests and writers. No one asks why you pulled a deuce — does it...
When it comes to corporate earnings, there actually can be too much of a good thing. History has shown that years with particularly high profit growth, the chances are actually better that the market finishes lower. This comes about primarily when expectations get so high that even strong performance isn't...
The big earnings beat from Nvidia Corporation (NVDA) on Thursday sent the stock soaring more than 6.5 percent. But perhaps more importantly than the short-term gain, Nvidia once again proved to skeptics that long-term investors can rely on the company’s secular growth trends even during one of the shakiest...
Nobel laureate Bill Sharpe says figuring out what do to with your money after you retire is “the nastiest, hardest problem in finance.” It’s made even harder during weeks like this one, on course to be the worst on Wall Street in years. It has served as a reminder to...
Washington's bipartisan spending bill significantly increases defense funding, a provision that likely spells wider profits for the country's arms manufacturers. The deal will also remove a yearly overhang on the sector. The deal proposed in the Senate would raise spending caps by about $300 billion over two years and bump...
There's a not-so-quiet rebellion going on in the bond market, and it threatens to take 10-year yields above 3 percent much faster than expected just a few weeks ago. As a result, the bumpy ride for stocks could continue for a while. There are some powerful forces at work, with global...
The sell-off in stocks has reached a new level in market lingo: a correction. After tumbling in recent weeks, the Standard & Poor’s 500-stock index closed on Thursday in that territory. What is a stock market correction? A correction is a 10 percent drop in stocks from their peak. Since Jan....
U.S. stocks tumbled on Thursday amid jitters over volatility prompted by huge swings earlier this week in the Dow Jones Industrial Average. After starting the day just below the 25,000 level, the Dow went on to crack below 24,000, collapsing as the close approached. It lost 1,032 points, or 4.2...
The recent dramatic pullback in stocks is a big buying opportunity, according to one Wall Street firm. Wells Fargo Securities predicts the S&P 500 will rise by a double-digit percentage including dividends by year-end 2018. And the bank thinks most of that move will come very soon. "We've been telling clients...
Stocks continued their volatile ways Wednesday with major indexes reversing lower as Apple (AAPL) and China stocks weighed. SPDR Dow Jones Industrial Average (DIA) slipped to a 0.1% deficit, SPDR S&P 500 (SPY) reversed to a 0.5% loss and PowerShares QQQ Trust (QQQ) sank 1.3%. Foreign markets lagged as iShares...
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