Even if Qualcomm declines Broadcom’s $103 billion buyout bid, shares of the chipmaker still have plenty of ways of climbing higher over the next year, according to one Wall Street analyst. RBC Capital Markets upgraded Qualcomm shares to outperform from sector perform Tuesday, with a $70 price target, noting that […]
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Defense stocks are a top trade since Trump’s election — here are the other winners and losers
It’s been exactly one year since President Donald Trump was elected and investors in defense stocks have benefited greatly. The aerospace and defense industry has risen more than 40 percent since Nov. 8, 2016. The only two industries that have outperformed defense are computers and peripherals and semiconductors. Of the […]
Charts show more record highs are ahead for Amazon shares: Technical analyst
Amazon hit yet another all-time high Tuesday, and TradingAnalysis.com founder Todd Gordon says the charts are hinting the e-commerce giant could soon reach a new milestone. “You can see that [Amazon has made a very nice uptrend in 2017],” the technical analyst said Tuesday on CNBC’s “Trading Nation.” “And if […]
Amazon shares are breaking out. Here’s how much higher it could go
Amazon hit yet another all-time high Tuesday, and TradingAnalysis.com founder Todd Gordon says the charts are hinting the e-commerce giant could soon reach a new milestone. “You can see that [Amazon has made a very nice uptrend in 2017],” the technical analyst said Tuesday on CNBC’s “Trading Nation.” “And if […]
Oprah makes $39 million on Weight Watchers on Tuesday, bringing total haul to nearly $300 million
Media magnate Oprah Winfrey is raking it in on her stake in Weight Watchers. The company’s shares closed up more than 13 percent Tuesday after the diet company reported better-than-expected earnings and raised its outlook, bringing Winfrey’s potential profit to roughly $300 million over two years. Weight Watchers stock is […]
Oprah makes $50 million on Weight Watchers on Tuesday, bringing total haul to nearly $300 million
Media magnate Oprah Winfrey is raking it in on her stake in Weight Watchers. The company’s shares were up nearly 20 percent Tuesday after the diet company reported better-than-expected earnings and raised its outlook, bringing Winfrey’s potential profit to roughly $300 million over two years. Weight Watchers stock is up […]
Trump victory has given mutual funds and ETFs a $2.9 trillion lift
President Donald Trump‘s election led to a boom in the stock market and a resulting surge of money into the investment funds. In fact, since the Republican’s victory — Wednesday will mark the one-year anniversary — assets under management for mutual and exchange-traded funds surged about 16 percent, or $2.9 […]
Goldman Sachs predicts bitcoin can run past $7,900
Goldman Sachs expects bitcoin will hit new records, despite a roughly $600 drop in the digital currency from all-time highs. “The market has shown evidence of an impulsive rally since breaking above 6,044,” Sheba Jafari, vice president on the bank’s FICC Market Strats team, said in a Sunday note. “Next […]
Amid Disney and 21st Century Fox asset talks, here are the largest media deals ever
A potential media mega-deal involving Walt Disney buying some of the key 21st Century Fox assets is the talk of Wall Street right now. CNBC reported Monday 21st Century Fox has been holding talks to sell most of the company to Disney, leaving behind a media company tightly focused on […]
Oil prices are surging as a Saudi political purge sparks ‘runaway market’
Oil prices surged to their highest levels since the summer of 2015 on Monday as a major political shakeup in Saudi Arabia underpinned a rally fueled by geopolitical risk, analysts said. Crude futures hit the new highs overnight after the powerful Saudi Crown Prince Mohammad bin Salman coordinated the arrest […]