|Day Low/High||94.20 / 97.85|
|52 Wk Low/High||67.00 / 138.13|
How does one approach these markets? How does one interpret what they see before them?
Almost 200 companies are slated to report quarterly results, including 43 S&P 500 constituents.
Following my trade deal comments on Visa , American Express , and Mastercard , Oppenheimer affirms their Outperform ratings for Mastercard and Visa, and raises their respective targets to $345 (from $312) and to $210 (from $202). I strongly suspect...
Does such a large increase in Chinese spending on U.S. 'stuff' give reason to doubt that future action lives up to words on a page (or 86 pages for that matter)?
One day after the U.S. and China inked their Phase One trade agreement, Asian equity indices finished on a mixed note. European equities are also mixed, while U.S. equity futures point to a positive open as investors dig into and attempt to digest t...
Let's dissect these two concepts that explain why we're rallying like we are now.
Back in late December, 2018 I wrote this column, My Favorite Large Cap Stock for 2019 is Goldman Sachs ($163). At the time I valued the company at about $245/share. The shares are now trading over $230/share and the reward vs. risk has materially ch...
And we now have the November Retail Sales report in hand and see it rose 0.2% month over month, missing the expected bump up of 0.5%. Excluding autos, retail sales rose 0.3% in November vs. October and 3.1% vs. November 2018. In looking at the repor...
These are the 10 reasons why we keep going up, despite all the bad news.
But the question is what the Chinese are going to do to show they mean business ahead of the talks.
* The market is discounting an unlikely reacceleration in global economic and U.S. profits growth * All-time market highs are breathtaking to some - but they are deflecting (as they did in early 2000 and late 2007) many investors from challenges fac...
It's all because some stocks are more powerful than others and the aberrations are to the downside. Not the upside.
There is a good foundation for more positive action in the week ahead.
The tech sector has been the victim of the recent "on again, off again" rotation. That may really just mean that the group has been victimized by its own success.
Small-caps have outperformed, which helped to produce improved breadth and better stock picking, and the action is no longer being driven by trade headlines.
As we get ready to transition into Monday afternoon, investor attention will no doubt begin to focus on the earnings gauntlet of about 160 company reports to be had between Tuesday through Friday. Those reports will include 52 of the S&P 500 compani...
When you have an oversold market you've got a true coiled spring that can rally beyond where it might ordinary go on good news.
For those that are concerned about the consumer and his or her ability to spend, the CEO of United Parcel Service is out saying the consumer is "still holding up" -- not exactly a comment that evokes a sense of vibrancy but then again UPS is what I ...
AXP could-grind lower giving us a better buying opportunity.
Let's consider the case of what would be the best odds on favorites to start a new position in the Dow Jones average.
Amazon.com, Facebook and American Express could begin to break down in the near future based on their charts.
You can't have the banks and financial tech stocks go up, old and new tech rally simultaneously and the soft goods companies and industrial techs rise -- someone's wrong.
But whether the Chinese will make concessions will remains to be seen. So far, they have not given an inch, and they have the most to lose.
Slack could shift sentiment with a strong earnings report on Wednesday.
What's in your investment wallet: Mastercard, Visa or American Express?
Berkshire is so large and diversified that its prospects are tied to the economy as a whole, with the added benefit of being a defensive play in case of a market downturn.
My gut is that American Express is likely being oversold this morning. Earnings beat. Revenue missed, but still grew 8%. Commercial services grew nicely at 14%. Consumer services is where the shortfall was at -4%. The firm interestingly reaffirmed g...
What the Fed needs to do in July is to cut the FFR by 25 basis points and put the balance sheet management (QT) program to bed two months early.