Apple doesn’t sell many products — you can probably count most of them on your hands and feet. But it’s hard to overstate the company’s scale and power. As the most valuable franchise in the world, Apple own more U.S. Treasury securities than many major countries, was the fourth-largest purchaser […]
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The most important chart for the market next year, according to a top technician
In a year when equities across the world have rallied in synchrony, Ryan Detrick of LPL Financial has identified what could be the most important chart for the market next year, as it could signal that the global rally is far from done. With the S&P 500 up 20 percent […]
From SeaWorld to Sears: Here are 20 stocks hedge funds hate the most right now
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of short interest. S3 Partners’ Ihor Dusaniwsky shared which stocks professional managers and investors are short selling the most in an email to […]
Here are 20 stocks hedge funds hate the most right now
One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of short interest. S3 Partners’ Ihor Dusaniwsky shared which stocks professional managers and investors are short selling the most in an email to […]
Dick Bove says ‘time to buy’ Goldman Sachs, reversing negative call
A noted bank stock analyst said in a Friday note that it’s time to buy Goldman Sachs, just about a month after saying investors should bet against the stock. The investing climate today “is exactly the environment Goldman has been preparing for for 10 years,” Dick Bove of Vertical Group […]
Digital currency ripple soars over 30%, briefly becomes second-largest cryptocurrency by market cap
Ripple surged more than 30 percent Friday to an all-time high, briefly surpassing ethereum as the second-largest cryptocurrency by market capitalization. Officially called XRP, ripple climbed nearly 33 percent to a record high of $1.90 and traded near $1.81 Friday morning, according to CoinMarketCap. The digital currency briefly had a […]
Amazon could surge into uncharted territory next year, says technician
High-flying Amazon‘s record run will continue into next year. That’s according to Todd Gordon, founder of TradingAnalysis.com, who says the charts are pointing to record highs for Amazon in early 2018. The online retailer has already surged 58 percent this year, and Gordon says the stock is poised to exceed […]
Philippines accidentally leaves former president’s face off a batch of currency
It took a social media post for the Philippine central bank to realize its mistake of circulating a bunch of defective, “faceless” banknotes. The 100-Philippine peso notes ($2) were missing the portrait of former president Manuel Roxas. Two words were also omitted from the country’s official name, according to a […]
Tax changes are coming Monday: Here’s when it will affect you
A jumble of changes are coming to the tax code, with many of them set to begin on New Year’s Day — Monday. The bill makes cuts and adds exemptions to individual, corporate and international taxes, but only a few are permanent. Here’s what you need to know about when […]
Natural gas prices flare up more than 10 percent on cold snap
A polar blast has heated up natural gas futures, which are up more than 10 percent this week and more than 5 percent on Thursday alone. Bitter cold weather across the northern tier of the U.S. expanded to the East Coast this week, and it is expected to remain frigid […]