A simple stock-picking strategy based on buying companies that invest the most for growth will outperform the market, according to one top Wall Street firm Goldman Sachs recommended that investors buy stocks of companies that have high levels of spending on capital expenditures, R&D, and acquisitions. “Investors have rewarded companies […]
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Tech shares are this bull market’s most important stocks right now
Technology is the most important industry for stocks today, indicating that blowout earnings from giants such as Microsoft could be good for the market. Shares of Google parent Alphabet, Microsoft and Intel soared nearly 6 percent or more in Friday trading after reporting solid quarterly earnings that came in well […]
In Pictures: Catalonia celebrates declaration of independence from Spain
Pau Barrena | AFP | Getty Images 1 Hour Ago The Catalan parliament voted Friday to declare independence from Spain in a move that will inevitably increase tensions with Madrid. Catalonians on the streets of Barcelona erupted in celebration upon hearing the news. The Spanish Senate immediately voted to enact […]
Brent crude rockets above $60 a barrel for first time since July 2015
Brent crude oil spiked higher on Friday to trade above $60 a barrel for the first time in more than two years. The international benchmark for oil prices was trading up $1.05, or 1.8 percent, at $60.35 a barrel at 11:17 a.m. ET (1517 GMT). It was near the highest […]
There’s a ‘macro storm’ brewing that’s about to send one bank to all-time highs: Technical analyst
Todd Gordon is seeing something in the markets that he says is about to drive JPMorgan to new record highs. The financials sector is trading at 10-year highs. The TradingAnalysis.com founder says the recent rally in bond yields is reinforcing the surge in big banks, and there are hints of […]
This stock has tanked 63 percent from its all-time high, and it’s in ‘grave danger’: Technician
Shares of Chipotle have plunged so far that technician Rich Ross of Evercore ISI says the stock is in “grave danger.” As of Thursday, the stock was down 63 percent from its all-time high, which it hit back on Aug. 5, 2015. But even now, says Ross, a long-term chart […]
Height matters: The connection between tall Fed chiefs and interest rates
Maybe we’re all just overthinking it when it comes to figuring out where interest rates are headed over the long term. Instead of parsing through data on unemployment, inflation and productivity, rather than scouring for the hidden meaning behind every little turn of a phrase in the post-Fed meeting statements, […]
Dollar’s gain on euro should make UnitedHealth and these other Dow stocks winners
The dollar spiked higher versus the euro on Thursday, a move that should boost domestically focused stocks but hurt large multinationals such as Caterpillar, if history is any guide. The euro sank about 1 percent against the dollar after the European Central Bank announced plans to trim its monthly asset […]
$2 trillion in tech stocks are reporting after the bell — here’s what to buy
Thursday marks the busiest day for earnings as a number of tech titans report. Alphabet, Amazon, Intel and Microsoft release earnings after the bell Thursday. The four companies combined represent 25 percent of the Nasdaq 100, and have a combined market cap of nearly $2 trillion — and there are […]
Oil and gas megadeals taper off as US shale drillers target smaller land deals
American oil and gas producers and investors are still striking a lot of deals, but they’re now focusing on smaller mergers and acquisitions, extending a trend that began in the first half of 2017, a new report says. The pattern in dealmaking shows that oil and gas drillers are now […]