Investors are scrambling to determine which companies will benefit most from President Donald Trump’s policy initiatives, including the current Republican plan for tax cuts. JPMorgan’s top analysts weighed in on the discussion, with Dubravko Lakos-Bujas – the bank’s head of U.S. equity strategy – telling clients that corporate tax cuts […]
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Dow stock Nike is a ‘screaming sell,’ says market watcher
Nike shares have moved into high gear, surging nearly 30 percent this year to their highest level since 2016, and Larry McDonald of the Bear Traps Report says the Dow stock may have run too far, too fast. The athletic apparel maker has been on a tear this week, rallying […]
Goldman: Earnings from these retailers, including Best Buy and CarMax, will surge under GOP tax plan
President Donald Trump and the Republican Congress will likely pass tax reform in the near future. Goldman’s retail analyst believes retail stocks will be big winners from tax reform. The Republican current deal reportedly features a corporate tax rate reduction to 21 percent from 35 percent, starting in 2018, and […]
Cboe bitcoin futures surge 8% Friday, head for winning first week
Cboe‘s bitcoin futures looked set to end their first week of trading higher on slightly stronger demand. The futures contract, which trades under the ticker XBT and expires in January, triggered a two-minute trading halt at 5:37 a.m., ET, Friday and was last trading 8 percent higher at $18,170, as […]
Tesla is about to break out to new highs, according to this chart. Here’s how to trade it
Tesla recently climbed out of bear market territory, and one chart-minded trader sees an even bigger comeback in the cards. Shares of the electric auto maker surged 7 percent this week after Pepsi announced it preordered 100 of the new Tesla Semi trucks. The stock is still down more than […]
Ripple surges 89% in single day, briefly becomes third biggest digital currency
Ripple is vying with bitcoin cash to be the third-largest cryptocurrency by market value. Ripple, or XRP, surged 89 percent Thursday to a record high of 89.2 cents and was last trading near 81 cents, giving it a market value of $31.6 billion, according to CoinMarketCap. Those gains temporarily pushed […]
Here are 25 companies that will benefit the most from the GOP tax plan
President Donald Trump and the Republican Congress will likely pass tax reform in the near future. Wall Street analysts have been hard at work giving clients ways to play this big moment for the markets. House and Senate negotiators have reached a deal on a tax plan, moving the GOP […]
Wall Street analysts are missing the mark on some red-hot chip stocks
Analysts are overshooting their expectations for four major semiconductor stocks. According to FactSet data, Advanced Micro Devices, Western Digital, Micron and Applied Materials are among the top S&P 500 stocks trading at the largest discounts to their average price targets. Those stocks are currently sitting a respective 42, 35, 31 […]
Stock market history shows 2018 could be just as forecast — small gains with a correction
Stocks look set for further gains, but there’s good reason to believe 2018 will bring a full-throttle correction (10 percent decline), after this year’s shallow sell-off and low volatility. Strategists surveyed by CNBC expect a median gain of about 5 percent for 2018, for the S&P 500, and many expect […]
White House pitches millennials on tax bill, saying they’ll be more prosperous under Trump than Obama
Republican tax reform will play a major part in driving sustained U.S. economic growth above 3 percent, White House budget director Mick Mulvaney predicted Thursday on CNBC. In arguing that baseline and taking a swipe at former President Barack Obama, Mulvaney made a pointed pitch to millennials that the Trump […]