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 […]
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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 […]
Hershey ‘falling out of the sweet spot’ as customers opt for healthier food: Analyst
Chocolatier Hershey is “falling out of the sweet spot” as people continue to shift toward healthier snacks, according to one Wall Street firm. Morgan Stanley lowered its rating on Hershey shares to underweight, saying that lagging demand for confectionary foods – and snacks as a whole – could mean a […]
The global market is doing something it’s never done before
Stocks around the world are surging, and just passed an incredible milestone. The MSCI World Index has gone 19 straight months without a 5 percent pullback, its longest on record. The group had its best returns since 2013 last year, thanks largely to a record-breaking stretch in U.S. equities that […]
Canadian dollar, stocks fall on report that Trump may pull out of NAFTA; peso drops
The Canadian dollar and the country’s stocks fell on Wednesday on the back of a report that says President Donald Trump could pull the U.S. out of NAFTA. The Mexican peso also fell. The loonie fell to trade down 0.8 percent against its U.S. counterpart. The iShares MSCI Canada exchange-traded […]
How to make bitcoin-like returns without as much risk
The cryptocurrency craze has swept the market over the last year, bringing to light the theme of speculative investing. As the price of bitcoin has risen more than 1,550 percent in the last 12 months, investors have been flocking to it and other various digital currencies in a chase for […]