Strategas Research analyst Dan Clifton says AT&T appears to have failed in its lobbying efforts for its Time Warner deal, and there’s risk that the Bayer AG/Monsanto merger won’t go through for the same reason. Clifton, head of Strategas policy research, has set up a proprietary system to evaluate lobbying […]
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Forget FANG. These four tech stocks are outperforming this year, adding $600 billion in market cap
“FANG” is so yesterday. The so-called FANG stocks – Facebook, Amazon, Netflix and Google-parent Alphabet – are surging this year, up a respective 58, 52, 58 and 32 percent and adding a combined $600 billion in market cap. Despite the monster gains, another group of tech stocks is still outperforming. […]
7 stress-relief gifts that are great year-round
For most people, the holiday season is a time not only for festivities, parties and moments with family, but it also marks at least a few days of much-needed unwinding and downtime away from a stressful job. But who says relaxation needs to stop after vacation is over? While you […]
Bitcoin rebounds to all-time high, shrugs off cryptocurrency hack
Bitcoin prices recovered to reach a record high on Tuesday as investors in the space shrugged off news that another cryptocurrency was hacked. Bitcoin hit $8,362.30 earlier in the day, an all-time high. It traded 0.9 percent higher at $8,316.63 at 12:55 p.m. New York time, according to CoinDesk. But […]
Nintendo Switch, yoga pants and smaller brands set to win the holidays
The Nintendo Switch gaming console, yoga pants, gold accessories and Sherpa hoodies are some of Cowen & Co.’s favorite holiday gifts this season. The firm also thinks 2017 is a time for smaller brands, such as men’s shirt maker Untuckit, athletic apparel brand Outdoor Voices, and mattress retailer Casper, to […]
Boeing shares to rally to new record on ‘robust demand’ for aircraft: Jefferies
“Robust demand” for Boeing’s commercial aircraft presents a compelling investment opportunity, according to Jefferies analysis. A persistent pileup of commercial jet orders will lead Boeing to grow deliveries 6 percent annually through the next ten years, according to Jefferies’ Sheila Kahyaoglu. The analyst reiterated her buy rating and bumped her […]
Chip maker Micron, up almost 120% this year, has way more room to run, technician says
Chip stocks have been on fire this year, and one technician says the hottest name in the group is showing no signs of cooling off. Micron is the best-performing technology stock this year, up nearly 120 percent, and according to Rich Ross of Evercore ISI, the stock has could rally […]
The debt time bomb that keeps growing and now equals nearly half of US GDP
Corporate debt is at its highest level relative to U.S. GDP since the financial crisis , and while not now a concern, that mountain of corporate IOUs could quickly turn into a heap of worry under the right circumstances. Fueled by low interest rates and strong investor appetite, debt of […]
Uber has an idea to keep you from getting sick when you read in self-driving cars
As anyone with a long commute knows, motion sickness can be a major deterrent to reading during a car ride. Ride-hailing company Uber has an idea to address this frustrating problem, according to a patent application published this month. And it’s not about protecting the upholstery. It works with self-driving […]
A classic tell for the market is trading right above a key level
I’ve been taking notice of the Dow transports in recent sessions, as the index lagged the broader market on Friday but managed to hold just above key support. Here’s why I’m watching the group, and particularly airline stocks. The 200-day moving average has proved solid support for the Dow Jones […]