The Keystone XL pipeline passed a major hurdle on Monday after Nebraska regulators approved the route for the project, which faced opposition from environmentalists and the Obama administration. The approval is also something of a victory for President Donald Trump, who overturned his predecessor’s decision on a pair of controversial […]
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Square’s stock is up 220% this year, but charts point to trouble
It’s been hip to be Square this year. Shares of the mobile payment stock have surged 222 percent in 2017, including 13 percent last week alone following the announcement that it would begin testing bitcoin on its app and a big analyst upgrade. Evercore ISI upgraded Square to outperform on […]
The bears may have missed their last chance to feast on 2017’s stock market
One week ago, a full buffet seemed to open up in front of Wall Street’s underfed bears. Stocks in Europe and Japan, leaders all year, were in sharp pullbacks and Chinese growth numbers fell a bit short. Prices for high-yield corporate debt, a key support for equities, were sagging and […]
‘Justice League’ faces a steep climb to $1 billion as opening weekend falls short of $100M mark
Time Warner‘s Warner Bros. has yet to score a billion-dollar global hit with its series of interconnected DC comics movies, despite featuring heavyweights like Batman and Superman. The studio’s latest blockbuster, the superhero team-up “Justice League,” appears poised to extend the streak. The movie is pacing for a $96 million […]
Thanksgiving week is usually good for stocks
Stocks have a good chance of trading higher in the week ahead, if the typical Thanksgiving holiday week trading patterns take over. The S&P 500 has averaged a gain of 0.6 percent during Thanksgiving week, and has been higher 75 percent of the time since 1945. In the years when […]
‘Justice League’ faces a steep climb to $1 billion as middling reviews roll in
Time Warner‘s Warner Bros. has yet to score a billion-dollar global hit with its series of interconnected DC comics movies, despite featuring heavyweights like Batman and Superman. The studio’s latest blockbuster, the superhero team-up “Justice League,” appears poised to extend the streak. As the North American opening for “Justice League” […]
Black Friday week usually pushes retail stocks into the black, history shows
In the week leading up to Black Friday and in the days thereafter, the clear outperformers in the stock market are the retailers participating in the holiday shopping phenomenon themselves. The shares are already on the comeback trail heading into Thanksgiving week 2017, as companies including Nike, L Brands, Wal-Mart, […]
Traders betting on Deere, these other stocks ahead of earnings next week
Traders are using options to make big bets on Deere, Palo Alto Networks, and Hewlett Packard Enterprise ahead of earnings next week. Deere reports on Wednesday before the bell, and while traders are bullish on the stock ahead of the report, they’re not anticipating a monster gain. Last month traders […]
Cramer: Crushed retail stocks show some life because ‘Amazon can’t destroy everybody’
Retail stocks are trading higher because investors have realized the “death star” known as Amazon “can’t destroy everybody,” CNBC’s Jim Cramer said. The SPDR S&P Retail ETF (XRT), an exchange-traded fund that tracks the performance of retail stocks in the S&P 500, was more than 2 percent higher Friday. The […]
Buyer beware, the Cisco rally could be nothing more than a short squeeze, strategist says
It may not be a comeback. Cisco shares surged to 16-year highs this week, as the ’90s tech darling posted better-than-expected earnings, but one strategist warns the rally is nothing more than a short squeeze. According to Larry McDonald, founder of the Bear Traps Report, short interest ratio in Cisco […]