Amazon has about 500 patents pending. Of course, not all of them will form the basis of products, but Amazon has had some very notable patents — like one-click shopping and many of the technologies that make up the foundation of cloud computing, now its most profitable business. So we […]
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Bonds entering the ‘danger zone,’ market watcher says
Since 1981, prices of U.S. bonds have generally gone in one direction: up. But, according to one widely followed technician, the long boom could be heading for a bust. Piper Jaffray’s Craig Johnson says bond yields are entering a “danger zone” as they approach 2.60 percent. “When you’ve had these […]
Hot tech stock Activision will keep surging, says trader
It’s game on for Activision Blizzard, says TradingAnalysis.com founder Todd Gordon, as the charts are pointing to new high scores – or new all-time highs, rather – for the gaming stock. Gaming stocks have surged over the past year. Activision has seen a 76 percent rise while rivals Take-Two and […]
Self-driving cars take over CES: Here’s how big tech is playing the market
Rick Wilking | Reuters Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, January 7, 2018. Nvidia and competitors AMD, Intel and Qualcomm all unveiled new chip technology at CES this week. But Nvidia’s was most focused on […]
Kohl’s shares surge after two banks upgrade the retailer making a comeback
Kohl’s stock rallied in premarket trading Friday after two Wall Street banks upgraded the company’s shares. Both J.P. Morgan and RBC Capital Markets cited Kohl’s improving same-stores sales (i.e., comp sales) in raising their ratings on the apparel department store. “We see Kohl’s as a rare large cap ‘value’ idea […]
Chevron and ConocoPhillips could be key drivers in the energy rally
Energy has gone from zero to hero this year. The sector drove a market rally Thursday, and pushed the S&P 500 to records, in what has been the great comeback story of 2018 so far. Nearly two weeks into the new year and energy has emerged as the best-performing sector. […]
There’s going to be a ‘Made in America’ stock boom this year, investment bank says
The stock market will enjoy a “Made in America” boom this year thanks to a slew of policies spearheaded by the Trump administration, according to a Wall Street investment bank. Some of the nation’s largest industrial and steel companies will rally under President Trump’s focus on domestic prosperity, spelling even […]
Brent crude rockets to 3-year high, breaking above $70 for first time since December 2014
Brent crude oil hit a more than three-year high on Thursday, breaking through the psychologically important $70 a barrel level for the first time since December 2014. Brent, the international benchmark for oil prices, spiked to $70.05 in morning trade, touching its highest level since Dec. 4, 2014, when the […]
Tom Lee sees the S&P 500 rising to 3,025 this year as ‘animal spirits’ drive business spending
Fundstrat’s Tom Lee predicts the market will have another double-digit percentage gain this year. “We are constructive on stocks in 2018, driven by earnings growth of +13% and slight P/E expansion, supported by strong global growth (tempered by rising core inflation),” Lee wrote in a note to clients Thursday. Lee […]
Trump says he wishes US would use hydropower. It already does
President Donald Trump said Wednesday he would like to see the United States turn to hydroelectric power to help meet its energy needs. In fact, the nation already taps the renewable energy source for a significant share of its electric power needs. The subject of hydropower came up in a […]