Tech has been on a tear, hitting another all-time high on Friday, but one trader is betting more than $50 million that the rally could be coming to an end over the next twelve months. Apple, Facebook, Amazon, Microsoft and Alphabet make up 40 percent of the Nasdaq 100 ETF […]
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PG&E shares plunge on concern its power lines may have started California wildfires
Shares of electric utility company PG&E plunged 8.3 percent Friday on concerns its power lines may have started the massive wildfires that have ravaged California recently. The stock was also on track for its worst day since September 2010. The California Public Utilities Commission sent a letter on Thursday to […]
Netflix stock surges past $200 for first time
Netflix shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone for a video streaming company upending the traditional media industry. The catalyst for the most recent surge was multiple top analysts on Wall Street raising their price forecasts for the company […]
GM not a ‘dying dinosaur,’ set to reclaim ground it lost to Tesla: Barclays
General Motors is poised to recoup ground it lost to Tesla and prove to investors that it’s not a “dying dinosaur” in the age of high-tech automobiles, according to a top Wall Street firm. Barclays raised its rating on GM’s shares to overweight from neutral on Friday, predicting that the […]
Bank of America earnings top Wall Street estimates, shares rise
Bank of America reported third-quarter results on Friday that beat Wall Street expectations despite a slowdown in its fixed-income trading business. Here’s how the company’s results fared against Wall Street expectations: EPS: 48 cents vs 45 cents forecast by Thomson Reuters Revenue: $22.079 billion vs $21.976 billion The company’s stock […]
Trump’s expected moves against Iran deal could create lingering concerns in oil market
President Donald Trump‘s anticipated decertification of the Iranian nuclear deal should not immediately impact the oil market, but it could create an atmosphere of uncertainty that could go on for months. The president is expected to disavow the agreement between Iran and the U.S. and five other nations, which was […]
Energy Sec Rick Perry faces grilling over proposal to subsidize coal and nuclear power generation
Facing questions on Capitol Hill over his proposal to subsidize coal and nuclear power plants, Energy Secretary Rick Perry said the notion of a free market in energy generation is a “fallacy.” The hearing before the House Energy Subcommittee contained some noteworthy moments, including when Perry was unable to answer […]
Energy Secretary Rick Perry faces grilling over plan to subsidize coal and nuclear power generation
Facing questions on Capitol Hill over his proposal to subsidize coal and nuclear power plants, Energy Secretary Rick Perry said the notion of a free market in energy generation is a “fallacy.” The hearing before the House Energy Subcommittee contained some noteworthy moments, including when Perry was unable to answer […]
This bull market needs to go up just a bit more to be the ‘GOAT’
This bull market could be one for the ages if stocks keep going up. The S&P 500 needs to climb just 6.4 percent from its current level for this bull market to become the greatest of all time, according to Leuthold Group, a firm long known for its market stat […]
Morgan Stanley predicts space industry will triple in size: Here’s how to invest
SpaceX launched its 15th rocket this year on Wednesday, the National Space Council met last week for the first time in nearly a quarter-century and satellites the size of shoeboxes are vaulting into orbit. The cost of space access is plummeting. Morgan Stanley estimates the space industry, worth about $350 […]