Online e-commerce will exacerbate the already-competitive supermarket backdrop and spells uncertainty for grocers down the road, according to Goldman Sachs. While dollar stores may be more “immune” to the growing challenges, analyst Christopher Prykull assumed cautious coverage on a slew of supermarket names, including a sell rating on Sprouts and […]
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History suggests GE’s massive dividend cut may not be so bad for the stock in the long term
GE shares broke below $19 for the first time in more than five years on Tuesday, as the stock’s electric slide continued for the second-straight session. The ailing behemoth saw its shares slide as much as 7 percent on Monday, for its worst trading day since 2009, following a dividend […]
JPMorgan: Even after 50% cut, GE dividend may not be safe
General Electric‘s dividend could still be in danger even after the industrial giant slashed it in half, an analyst at JPMorgan said Tuesday. “The cut was within the realm of possibility, and is fundable in the near term with debt and asset sales, though a downturn or spin/split would make […]
Japan’s stock market, a leading market for US stocks, is ‘very, very’ overbought. That could mean trouble
Japan’s stock market is quite overbought, and it could affect impact the U.S. if the weakness persists, one market watcher told CNBC’s “Trading Nation.” The Nikkei on Monday posted its fourth-straight day of losses, following a record string of gains over the last month. A further decline could begin spilling […]
Value investing giant sells Qualcomm stake within six months of buying
Value investor Seth Klarman’s Baupost Group hedge fund has eliminated its stake in Qualcomm just two quarters after taking it. Baupost acquired 5.2 million shares of Qualcomm in the first quarter, and sold them all in the third quarter, according to a required quarterly filing Monday with the U.S. Securities […]
After periodic drops of 20%, bitcoin tends to come back even stronger
As dramatic the downturn in bitcoin‘s price over the weekend, history indicates future returns will likely be greater. Bitcoin fell about 20 percent over the weekend, before recovering much of its losses. The last four times bitcoin has fallen more than 20 percent this year, it has gained an average […]
After periodic drops of 20 percent, bitcoin tends to come back even stronger
As dramatic as the downturn in bitcoin‘s price was over the weekend, history indicates future returns will likely be greater. Bitcoin fell about 20 percent over the weekend before recovering much of its losses. The last four times bitcoin has fallen more than 20 percent this year, it has gained […]
Strategist Jim Paulsen warns that returns are about to shrink as Fed ‘juice’ runs dry
Investors are going to be thirsty for the kind of returns to which they become accustomed now that the Federal Reserve is taking their “juice” away from them, market expert Jim Paulsen said. Since the darkest days of the financial crisis, the Fed has been keeping interest rates low and […]
The next big worry for markets — trade wars
As trade negotiators prepare to meet in Mexico this week, Wall Street is increasingly worried the 23-year-old NAFTA trade deal could fall apart, creating the potential for new trade clashes in North America and around the globe. Analysts say tough “America first” trade talk from President Donald Trump in Vietnam […]
The next big worry for markets—NAFTA fails and trade wars erupt
As trade negotiators prepare to meet in Mexico this week, Wall Street is increasingly worried the 23-year-old NAFTA trade deal could fall apart, creating the potential for new trade clashes in North America and around the globe. Analysts say tough “America first” trade talk from President Donald Trump in Vietnam […]