China has made little progress on economic reform goals it laid out in 2013. Out of 10 areas, Beijing has only made progress in one: increasing innovation. China is not reducing its economic reliance on state-owned enterprises or improving wages for migrant laborers. That’s the finding of analysis using a […]
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TipRanks: Here are 7 top ‘strong buy’ stocks from the best-performing analysts
TipRanks, a service that ranks Wall Street analysts, identified the top analysts and found which stocks they like right now. We use a natural language processing algorithm to rank analysts based on two factors: Average return of buy-sell recommendations Success rate of buy-sell recommendations. TipRanks’ stock screener allows you to […]
Space companies are receiving billions from venture backers, report says
Money is pouring into space. According to a report on Wednesday from investment firm Space Angels, more than $2 billion of private capital has been invested in space industry companies this year. Venture backers are following the lead of tech entrepreneurs Elon Musk, Richard Branson and Jeff Bezos, who are […]
The retail wreck is far from over, but there is one name you can still buy
October was the worst month for the retail space since January 2014 and from a chart perspective, Piper Jaffray technician Craig Johnson says the group is a no touch for investors. “When you look at that XRT chart, you’ll see that it looks like a multiyear head and shoulders top, […]
Stock market could ‘melt up’ into year-end
Who needs a Santa rally to boost year-end gains, when the momentum is already this strong? Technicians are virtually crowing about the so-called seasonal setup for stocks this year. Seasonality describes predictable market behavior based on time of year. The rule of thumb is May to October is the weakest […]
Ex-Obama Treasury secretary: We left a ‘pretty strong’ economy, but it won’t grow at Trump’s 3% goal
The potential for sustained U.S. economic growth is certainly “north of 2 percent,” but not the 3 percent that President Donald Trump believes is possible with the implementation of his policy agenda, former Obama Treasury Secretary Jack Lew told CNBC on Wednesday. “We left the economy in pretty strong shape,” […]
GE shares are pennies away from their 2015 flash crash lows
In the midst of the August 2015 flash crash, when the Dow plummeted 1,000 points in a matter of minutes, General Electric shares fell 21 percent and touched an intraday low of $19.37 before rebounding. Now, two years later, despite an epic bull market that has seen the S&P 500 […]
Envision shares tank 36% after big earnings miss, company to review ‘strategic alternatives’
Envision Healthcare shares tanked 36 percent to a 52-week low after the company posted a weaker-than-expected profit. The S&P 500, meanwhile, rose 0.3 percent to an all-time high. On Tuesday, the company reported adjusted earnings per share of 73 cents for the third quarter, well below the Reuters estimate of […]
JPMorgan upgrades American Airlines, calls stock sell-off ‘overdone’
The recent sell-off in shares of American Airlines is “overdone,” according to one Wall Street analyst. JPMorgan upgraded American to overweight, arguing that plans to boost revenue will continue to buoy the company. American narrowly beat profit expectations during last week’s earnings report after multiple hurricanes in August and September […]
The space industry will be worth nearly $3 trillion in 30 years, Bank of America predicts
Bank of America Merrill Lynch sees the size of the space industry octupling over the next three decades, to at least $2.7 trillion. “We are entering an exciting era in space where we expect more advances in the next few decades than throughout human history,” the firm wrote in a […]