2020-09-22@11:24:51 GMT
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    VIDEO1:5001:50U.S. is the best place to invest, Oppenheimer's John Stoltzfus saysTrading Nation Despite the market's wild swings, Wall Street bull John Stoltzfus is encouraged by what he's seeing in the markets  and economy. Stoltzfus is putting money on it: He's overweight U.S. stocks. "The U.S. is outperforming most of the markets around the world — whether it's developed markets or emerging markets," Oppenheimer Asset Management's chief investment strategist told CNBC's "Trading Nation" on Friday. However, it's hard to ignore the tough month. Pullbacks have been hitting the major indexes almost daily. The S&P 500 is off more than 7% while the Nasdaq is off almost 11% from their all-time highs hit on Sept. 2. Now, they're on a three week losing...
    Affirmative action: Challenge to Harvards admissions practices hits federal appeals court Why are Trader Joe’s employees so cheerful? What Sector Strength Rankings say About the Overall Market Some ominous storm clouds are forming on the stock market's horizon. © TheStreet What Sector Strength Rankings say About the Overall Market This sobering news is brought to you courtesy of an obscure indicator based on the relative performance of the S&P 500's sectors. The sectors that right now are at the bottom of the relative strength rankings are the same as those that have regularly lagged prior to past bull market tops. Load Error You may recall that I introduced you to this indicator in a column last...
    Touchdown Wires preseason All-Everything teams Colorful clothes and home decor Goldman Sachs Has 10 Reasons the Bull Market Has Room to Run The staggering run off the market of the March lows has surprised almost everybody, including market veterans, as we experienced one of the shortest bear markets in history after a stunning 35% drop in less than a month. With all of the indexes at or near all-time highs, and with the economy crawling back to some semblance of its pre-COVID-19 luster, is it possible that there is still room to run for what seems like a tired bull? In fact, there are some who think just that, despite the howls of the bears that tout another crash...
    VIDEO2:1302:13Market bull Ed Yardeni: Don't fear a 10% to 15% correctionTrading Nation Long-time market bull Ed Yardeni is on correction watch. The Yardeni Research President predicts more losses as investors look to lighten up on the historic rally's biggest winners: Mega big cap growth stocks, particularly technology. But he contends that's not such a bad thing. "The market has had a huge move since March 23. The Nasdaq is up something like 70%. That's a melt-up. It's not as big as what we had in 1999 when we had over 200%. But I wouldn't want to see a repeat of that. So, I'm actually somewhat comforted by the market taking a break here," he told CNBC's "Trading Nation" on Friday. "It's...
    First coronavirus, then a devastating storm: How campaigning in Iowas competitive 1st District is upended Saudi retailer BinDawood to list 20% of company on the kingdoms Tadawul exchange Opinion: New bull market in stocks could last three years and may rise another 30%, veteran strategist says HOWARD GOLD'S NO-NONSENSE INVESTING © AFP via Getty Images Federal Reserve Chairman Jerome Powell on Aug. 27 gave stock investors the green light to throw more money at the market. Load Error In a virtual speech to the annual Jackson Hole monetary policy conclave, Powell declared that the central bank would allow inflation to rise above 2% if that followed a period of persistently low inflation, essentially abandoning its longtime target....
    VIDEO1:3601:36S&P 500 is 'overbought,' top strategist Art Hogan saysTrading Nation It may be time to brace for a pullback.  On track for the best August performance since 1986, National Securities' Art Hogan warns a key technical trend suggests the S&P 500's record win streak is running into trouble. "We're overbought in the S&P 500 as an index in the short run," the firm's chief market strategist told CNBC's "Trading Nation" on Friday. "It moved higher really quickly." Hogan uses a chart of the relative strength index, otherwise known as the RSI, to build his cautious case. "When that sits around 50, you're basically neutral. When it gets to 30, you're oversold," he said. "And, when you get to 60 or...
    VIDEO1:1301:13Economy is recovering at an 'impressive' pace, market bull Phil Orlando saysTrading Nation Federated Hermes' Phil Orlando sees a lot going right for the rally. With the S&P 500 hitting all-time highs twice so far this week, the firm's chief equity market strategist is optimistic the economic recovery will continue to support the historic comeback off the March 23 low. "The progress that we're making is impressive," Orlando told CNBC's "Trading Nation" on Wednesday. "We're moving in the right direction." He believes the economy is much stronger than most people think. "The rebound, I think, has been very powerful, and it has been very broad," he said. "We've seen V-bottoms in autos and housing. The consumer is strong." Plus, he...
    Ralph Orlowski | Bloomberg | Getty Images The S&P 500 closed at a record on Tuesday, an achievement that brings an official end to Wall Street's shortest bear market and confirms the comeback rally as a new bull market. The broad market index finished the session at 3,389.78, above its previous record close of 3,386.15 that it hit on Feb. 19. A bear market is defined on Wall Street as a 20% decline in the S&P 500 from close to close. It's only officially over when the market recovers back to a new closing high. A bull market is a rally greater than 20%, but only becomes official when the S&P 500 hits a record closing high, according to Howard...
    Baseball Cant Get On the Same Page If the Page Doesnt Exist How Covid-19 is transforming grocery e-commerce in Dubai Heres a list of stock bull markets through time and how this new one stacks up The S&P 500 closed at a new record on Tuesday, an achievement that brings an official end to Wall Street's shortest bear market and confirms the comeback rally as a new bull market. © Provided by CNBC The broad market index finished the session at 3,389.78, above its prior record close of 3,386.15 that it hit on Feb. 19. A bear market is defined on Wall Street as a 20% decline in the S&P 500 from close to close. It's only officially over...
    VIDEO3:0103:01Trading Nation: Apple near major milestone, here's how to play the moveTrading Nation The big just keep getting bigger. Apple, the largest publicly traded company in the world, is nearing an unprecedented $2 trillion market cap. To cross that threshold, the stock needs to trade as high as $467.77 before its stock splits at the end of the month. It closed just above $458 on Monday. Mark Tepper, founder of Strategic Wealth Partners, says all investors should have some position in Apple. However, after Apple stock's nearly 60% run this year, Tepper says it may be time to shrink that exposure. "First and foremost, Apple is a must-own. You have to have it in your portfolio because it's nearly...
    NBA playoffs tracker: Donovan Mitchells monster game not enough against Denver This $8 mascara lengthens my lashes and never smudges Stock Market Today: Nasdaq Rolls, S&P Still Cant Catch the Bull Amid little traction on a new round of federal economic stimulus, the more diverse blue-chip indices struggled to make hay Monday while the tech-heavy Nasdaq resumed its leadership role. © Provided by Kiplinger The Nasdaq Composite closed 1.0% higher to a record 11,129. It received help from Nvidia (NVDA, +6.7%), which jumped after a Susquehanna analyst raised his price target from $450 per share to $540. It also got a boost from Tesla (TSLA, +11.2%), which is up a staggering 33% since Aug. 11, when the EV maker announced it...
    Former Colorado State basketball coach Boyd Grant dies at 87 16 Weird Swimming Pools from Around the World The S&P 500 could hit its first record since the pandemic started Wall Street is close to a record on Monday, as investors are apparently unfazed by the collapsed stimulus negotiations in Washington, renewed US-China tensions and the ongoing pandemic. © Wang Ying/Xinhua/Getty Images The S&P 500 is once again close to hitting an all-time closing high -- its first since February and since the Covid-19 pandemic started. The magic number the index has to close above is 3,386.15. Load Error The Nasdaq Composite, which last hit a record high on August 6, is also on track for new...
    VIDEO0:4600:46Market bull Jim Paulsen predicts the downturn is setting stocks up for a boomTrading Nation Stocks may see a super-sized comeback deep into next year. The Leuthold Group's Jim Paulsen sees the depression-like collapse setting the stage for a wartime-type boom. "It forced companies to just knee-jerk react — to cut everything they could to try to survive this pandemic," the firm's chief investment strategist told CNBC's "Trading Nation" on Wednesday. "What that has done is put them in a unique position with incredible profit leverage because they whittled down costs so low and increased efficiencies." That translates into tremendous earnings growth potential, according to Paulsen. He believes it's a byproduct being radically underestimated by Wall Street. "A lot of that...
    Serena and Venus win, now Williams sisters play each other 15 Best Walmart Finds Under $5 Record money supply is the major ingredient driving a new bull market, Canaccords Tony Dwyer says Canaccord Genuity's Tony Dwyer believes unprecedented access to money is the major ingredient driving a new bull market. Bull case for stocks in one chart CNBC See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next How you can save $1 million for retirement USA TODAY How much the most populous states pay mail carriers GOBankingRates Creepy ways your company can spy on you while you work from home Veuer Major companies suspend social media advertising over...
    VIDEO1:3301:33Bull case for stocks in one chartTrading Nation Canaccord Genuity's Tony Dwyer believes unprecedented access to money is the major ingredient driving a new bull market. The firm's chief market strategist highlights the record level of liquidity in a special graph. "What this chart shows is that the excess liquidity, which measures in very simple terms readily available money — like money you can get out of the bank tomorrow," Dwyer told CNBC's "Trading Nation" on Tuesday. "It's that amount of money against what is needed for economic growth." Zoom In IconArrows pointing outwards On Tuesday, the major indexes were off to a roaring start and the S&P 500 was closing in on all-time highs. That changed during the last hour of...
    Donald Trump would be ‘very happy’ if NFL season doesn’t open if players kneel during anthem We Did Some Digging & Found the 14 Best Jackets at the Nordstrom Anniversary Sale The stock market is this close to setting another record -- the shortest bear market in history The S&P 500 could finish Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, and the 2020 bear market would be the shortest in history. © Angela Weiss/AFP/Getty Images The magic closing number for the S&P 500 is 3,385.15. Monday's close...
    New York (CNN Business)The S&P 500 (SPX) is on track to end Tuesday at a new record high -- its first since the pandemic hit and exceeding its all-time high from February. That would mean it took Wall Street less than five months to go from nadir to new record, which would be the shortest bear market in history.The magic closing number for the S&P 500 is 3,385.15. Monday's close was just 25 points, or about 0.7%, below that point.If all falls into place, the coronavirus bear market will have been the shortest ever at just 1.1 months, according to S&P Indices' Howard Silverblatt.Although the index is on track for a record, it doesn't meet everyone's definition of a new...
    Is the Chainlink (LINK) leading the way? While the entire cryptocurrency market is picking up steam and many consider that we are entering a new bull run, some altcoins are showing exceptional performance, notably the LINK token of the Chainlink project. In terms of volume this weekend, the LINK achieved the feat of surpassing that of Bitcoin, and this on many platforms. Sure Binance in particular, for a few hours, the volume of the LINK exceeded the $ 500 million, placing it on top of Bitcoin. Note that this is twice the volume of theEther (ETH) over this period. For an ERC-20 token based on this blockchain, the feat is notable. This performance was also seen on Coinbase Pro...
    250 students and staff quarantined in Georgia school district after one week of school From cereal startups to fast-food chains, everyone wants to cash in on people eating breakfast at home Stock-market bull, who called rally off March lows, now says S&P 500 overvalued by 5% to 10% THE TELL © AFP/Getty Images Too far, too fast? Load Error Barry Bannister, head of institutional equity strategy at Stifel, called for stocks to bounce back aggressively just before the S&P 500 (SPX) notched its March 23 low. But the Wall Street veteran, on Friday, said he now thinks the market has overshot, fueled by a surge in liquidity and low real yields, which have driven “an extraordinary P/E-led bull market”...
    VIDEO5:4205:42Empowering today's youth: Patriots' Copeland on his financial literacy classHalftime Report Brandon Copeland, NFL linebacker for the New England Patriots, has made the most of his opportunities with careful and informed financial decisions. For Copeland the pandemic has proved a difficult time, with in-person interactions on hold, the NFL on hold and the stock market experiencing increased volatility. Despite these challenges, getting his message out is as important as ever, whether it is philanthropic and community efforts to assist people with financial challenges or increasing financial literacy during a wild time for stock investing. Copeland, a graduate of the University of Pennsylvania's Wharton School of Business, is passing down his lessons and financial journey to students at his alma mater...
    VIDEO1:4401:44Ed Yardeni: Increasing risks may spark a near-term market meltdownTrading Nation Long-time market bull Ed Yardeni is getting nervous for the first time since the March 23 rebound. He warns new risks from the U.S. surge in coronavirus cases to renewed tensions with China could spark a 20% to 30% meltdown. "We've had a melt-up and that's very visible in valuation multiples. Stocks are not cheap, " the Yardeni Research President told CNBC's "Trading Nation" on Friday. "On top of that, we don't seem to be handling the opening up of our economy and social distancing to minimize the flare-ups of the virus as well as they're doing in some parts of Asia and Europe." When the Federal Reserve took...
    Opinion: Cold, hard cash, not character, made Daniel Snyder change Washingtons NFL nickname Best hammer drills for DIY projects There’s a Bull Case on Stocks Tied to Rising Jobless Ranks (Bloomberg) -- You’ve never had to look far during the Covid crisis to find displays of cold-blooded logic among stock investors. The latest centers on the potential benefits to corporate earnings in rising unemployment. Load Error It’s a view getting a wider airing -- that job cuts are setting the stage for a swift rebound in profits if the economy reaches a full-blown recovery. That’s a big “if,” of course, as any improvement in profitability would have to offset the demand destroyed by lost jobs. But conceivably, a...
    Walt Disney World Resort: 7 takeaways from the July reopening Tax Day deals and freebies are almost non-existent after tax deadline moved to July due to COVID-19 China’s Stock Market Closes In on $10 Trillion Milestone After Its Biggest Crash (Bloomberg) -- Load Error China’s investors have waited five years for stock values to return to $10 trillion, a milestone that would seal the market’s recovery from its biggest crash in history. The good news is that it could happen as soon as this week, and even a slower pace of gains -- which is favored by Beijing -- would do it. China’s domestic equities are worth about $9.5 trillion after this month’s rally, according to data...
    By Samuel Shen and Emily Chow SHANGHAI (Reuters) - People's Insurance Co (Group) of China (PICC) and three China-listed tech companies said their major state shareholders plan to reduce holdings - a move that comes amid a torrid bull run in China's stock market. The bull run, encouraged by state media, has been fuelled by signs of an early economic recovery for China from the coronavirus, capital market reforms and accelerating inflows of foreign funds. PICC's second-biggest shareholder, China's National Council for Social Security Fund, plans to sell up to 884.48 million China-listed A-shares or up to 2% of the company over the next six months due to "the need for asset allocation and investment," the insurer said in an...
    VIDEO3:0703:07Tech stocks lift markets higher and help erase earlier losses—Watch three experts break down Tuesday's market actionTrading Nation Stocks trended lower into the close Tuesday as the tech rally lost steam.   Three experts break down what to watch now. Ryan Detrick, senior market strategist at LPL Financial, says the historical comparisons are promising for the market. "We just had a 20% gain in the second quarter. Only eight times since World War II do we gain at least 15%. Think about this — the next quarter was higher every single time. Two quarters later, higher every single time. So there is that sign, that signal that all the strength that we've seen earlier this year is consistent, and this...
    Colombian FA fined $4.6 million over World Cup ticket scam The Best Hair Detanglers That Will Smooth Any Strands Will China’s epic 5.7% stock-market rally collapse on itself like 2015? MARKET EXTRA © Getty Images China’s fiercest stock-market rise in years has investors questioning if the bull run for equities can last or will it fizzle out in disappointment. Load Error The sudden surge in China’s markets came on the back of several articles from state media announcing the arrival of a new bull market and emphasizing the importance of well-functioning capital markets as the economic powerhouse looks to recover from the coronavirus-driven doldrums. Although, the sharp rise in Chinese stock-benchmarks also has brought up uncomfortable parallels...
    Hong Kong (CNN Business)China's Shanghai Composite (SHCOMP) and Hong Kong's Hang Seng Index (HSI) are cracking into bull market territory Monday as stocks surge across Asia.The Shanghai Composite (SHCOMP) led markets in the region and closed up 5.7%, its best single-day percentage gain since July 2015. It's now more than 20% above recent lows from late March — the traditional benchmark for a bull market.The Hang Seng (HSI) was last up up 3.8%, also on pace to enter a bull market. Both are trading more than 20% above recent lows from late March — the traditional benchmark for a bull market.Some of the best performers on both indexes included Chinese financial stocks. Regulators in Beijing had earlier loosened rules on...
    VIDEO2:1602:16'Resilient' market will see volatile second half: Oppenheimer's John StoltzfusTrading Nation Market bull John Stoltzfus sees ways to make profits in the year's second half, but it won't come easy. The Oppenheimer Asset Management chief investment strategist warns the wild swings won't subside anytime soon due to how traders and nervous investors are reacting to headline risks. "They're waiting for some catalyst to cross the tape that will justify taking near-term profits without FOMO, or fear of missing out," Stoltzfus told CNBC's "Trading Nation" on Wednesday.  Stoltzfus notes there are several risk factors to consider, particularly the spike in coronavirus cases and whether a vaccine will become a reality. "What's going to keep traders on their toes will be developments...
    VIDEO1:3701:37Fed actions will drive stocks higher despite virus spike: Tony DwyerTrading Nation Market bull Tony Dwyer sees more wild swings as the year's second half kicks off due to a spike in coronavirus cases and growing odds of a Joe Biden presidency.  But it's not weighing on his optimism. "The resurgence of the virus in the southern states and the lead by Joe Biden in the polls is probably pulling forward some of that volatility that may have happened later in the year," the Canaccord Genuity chief market strategist told CNBC's "Trading Nation" on Tuesday.  "We want to use that to add a little bit of risk incrementally." Near-term, Dwyer believes stocks are in the consolidation phase within a new bull market....
    New York (CNN Business)J.Crew, Neiman Marcus, Hertz and Chuck E. Cheese's have two things in common: They all piled on crushing amounts of debt during leveraged buyouts. And they've all filed for bankruptcy during the pandemic.The sudden nature of this recession is exposing the inherently risky nature of these private equity takeovers. Most companies are vulnerable during downturns when cash flow dries up. But that risk is magnified by the financial engineering used to fund leveraged buyouts, or LBOs, which saddle companies brought private with dangerous amounts of leverage and hefty interest expenses. Once a private equity firm extracts the maximum amount of value it then tries to flip it into the public markets so it can cash out...
    VIDEO1:1501:15'We're in a new bull market,' Leuthold's Jim Paulsen saysTrading Nation Market bull Jim Paulsen believes coronavirus hot spots across the country won't wreck the recovery. According to the Leuthold Group's chief investment strategist, new cases won't widely impact the economic reopenings. "At the same time those are having hot spots, New York is being brought back online," he told CNBC's "Trading Nation" on Monday. "The economic reports are going to continue to improve, and hot spots are going to affect not whether the economy grows or not, but whether it grows faster or slower." Despite his optimism, Paulsen warns the coronavirus risk isn't going away anytime soon. He contends investors will have to cope with flare-ups until there's a...