U.S. West Texas Intermediate crude oil futures are trading sharply higher late Tuesday after President Trump said he would hold an extensive meeting with Chinese President Xi Jinping at the G-20 summit in Japan later this month. “Had a very good telephone conversation with President Xi of China. Later today, traders will get a chance to react to the latest weekly inventories report from the American Petroleum Institute.
While markets were on the rise overall Tuesday amid news of planned trade talks between the U.S. and China, the Boeing Co. rode a jolt of good news for its 737 MAX to an even higher gain in afternoon trading. Boeing (NYSE: BA) was up 5.1 percent to $372.97 following an announcement from the Paris Air Show that International Airlines Group had signed a letter of intent for 200 737 MAX jets. The order will be worth $24 billion at list prices if finalized, though such customers typically receive large discounts from the advertised costs.
Pinterest climbed Tuesday as investors continued to digest a note from Wedbush Securities hailing the company's "unique" social media platform that puts its on course to top $1 billion in revenue this year. Pinterest (NYSE:PINS) rallied to a session high of $29.79, but pared some gains to trade at $28.58, up 2.51% at 12:42 PM ET. Pinterest's "fundamentally different" platform makes it stand out from rivals as "Pinterest users, or 'Pinners,' often come to the site for discovery and idea generation and are often in various stages of the commercial intent funnel," Wedbush analysts Ygal Arounian and Amir Chaudhri said.
The problem is that the language we use about preparing for retirement is misleading. Time and time again, you'll be told to “save” for retirement. New employees in an office get a lecture from a well-intentioned older colleague or parent about the importance of saving for retirement.
Many people still should take time now to withhold more money out of their paychecks to cover their 2019 federal income taxes. Setting aside more money now through the rest of the year can trigger a bigger refund when you file your 2019 return — or you might avoid owing money to the federal government. If you're paid every two weeks, you could have a dozen or so paychecks ahead in 2019.
Sterling gave up some of its gains versus the dollar and dropped against the euro on Thursday after the Bank of England slashed its second-quarter growth forecast and flagged risks from global trade tensions and a no-deal Brexit. The central bank's policymakers, as expected, voted unanimously to keep interest rates on hold at 0.75%. The BoE message was far less dovish than the U.S. Federal Reserve and European Central Bank, which this week opened the door to rate cuts and more stimulus to counter any economic slowdown and rising trade tensions.
shares reversed earlier gains in pre-market trading Thursday after analysts at Goldman Sachs cut their price target on the stock while arguing that Wall Street demand forecasts for the clean-energy carmaker are likely too optimistic. Goldman analyst David Tamberrino cut his 12-month price target on Tesla to $158.00 from $200.00 while maintaining a "sell" rating for the stock, citing a "lower probability for the company achieving our upside volume scenarios". "Further, when coupled with a lack of direct impetus to open up new demand pockets (other than introducing incentives or more attractive financing rates) and another step-down in the US Federal Tax Credit for Telsa vehicles beginning on July 1, we believe 2Q19 was a better environment for demand and thus deliveries, but to a level that is likely not sustainable," Tamberrion said in a client note.
The three Korean automotive brands are producing the highest-quality vehicles in the U.S., according to an influential annual survey by J.D. Power. Genesis, Kia and Hyundai – all part of the same Korean manufacturing group – took the first, second and third slots, respectively, for the second straight year in the J.D. Power Initial Quality Study (IQS). Their electronics performance was especially strong.
An “avian incident” sparked a fire at one of California's biggest solar farms, affecting 1,200 acres and knocking out 84% of the California Valley Solar Ranch's generating capacity. The June 5 incident didn't damage solar panels at the 250-megawatt power plant, but distribution poles and cables need to be replaced, according a regulatory filing Wednesday from owner Clearway Energy Inc. The company didn't say exactly how the blaze was ignited.
Sen. Thom Tillis, a North Carolina Republican, comments on the outlook for Federal Reserve monetary policy during an interview with Bloomberg's David Westin on "Balance of Power."
A Chinese court has ruled that bike-sharing startup Ofo, once valued at upwards of $2 billion, has no ability to pay its massive debts to either suppliers and users, adding another chapter to a cautionary tale for investors in China's frothy startup sector. Ofo “has basically no assets” (link in Chinese) and therefore cannot repay Tianjin Fuji-Ta Bicycle, a supplier that sued the operator of the bike-share company this year to recover the roughly $36 million it was owed, a court in the city of Tianjin ruled on Monday (June 17). It noted that the company's bank accounts either have a zero balance or are frozen, and that it had no property, cars, or investment assets either, in a verdict first reported by China Securities Journal, part of the state-run Xinhua news group.
Value Stocks to Buy for the Second Half Here are ten such retirement stocks to buy and hold forever. Bank of America (BAC) Dividend Yield: 2.1% It might seem strange to open the list with Bank of America (NYSE:BAC). After all, we're only a bit more than a decade on from the financial crisis.
Mario Draghi said prolonged economic uncertainty means risks to the euro-zone economy have solidified, which is why the European Central Bank is almost ready to add stimulus. Elaborating on earlier comments that policy makers would act “in the absence of improvement” in the economic outlook, the ECB president stressed that the language is a deliberate change from less than two weeks ago. Then, the Governing Council said it would respond “in case of adverse contingencies.
Adobe jumped Wednesday, right at the 291.81 buy point. Late Tuesday, the stock reported a 10% earnings per share gain as revenue climbed 25%, both beating Q2 views. But the software maker gave weak Q3 guidance.
Stocks to Buy for $20 or Less Sure, given the market weakness one could argue these valuation metrics deserve to be low. After all, revenue and net income were down 20.6% and 51.0% last quarter, respectively. However, assuming you believe the pricing weakness in the NAND and DRAM markets will eventually recover, Micron stock has no business at its current valuation.
Now, a different Trump tweet could be the very thing which starts a melt-up in markets in June, because this tweet basically says that a trade deal could be coming soon. Value Stocks to Buy for the Second Half With that in mind, let's take a look at six stocks that are ready to bounce in a big way in the event a trade deal does get struck between the U.S. and China sometime soon. Stocks to Buy for a Trade War Bounce: Alibaba (BABA) If the U.S. and China strike a trade deal in the foreseeable future, one stock that will fly higher is Alibaba (NYSE:BABA).
Nio (NYSE:NIO) continues to fall further into penny-stock status. With a Nio stock price now just hovering above $2.50 per share, shares are cheap. It also has little to do with the fact that I constantly remind traders that so-called Chinese stocks are actually Cayman Islands-based holding companies who represent Chinese firms.
Stocks to Buy for $20 or Less Better synergies with Aetna also contributed favorably to the higher outlook. CVS expects it will exceed its target savings of $750 million in 2020. It found synergies stemming from the elimination of duplication in corporate and operational functions, medical cost savings such as formulary alignment, and purchasing efficiencies.
Renaissance Capital offers an ETF (IPO) that includes a basket of all companies that recently went public. With the IPO index hitting a record high this year, investors will be looking to add newer public offerings, such as Uber (UBER) and Beyond Meat (BYND), to their portfolios. The next big tech unicorn, work messaging software company Slack, is set to make its market debut Thursday through a direct listing.
Spot gold prices are trading sharply higher after hitting a six-year high earlier in the session. The rally is being fueled by another plunge in U.S. Treasury yields and a weaker U.S. Dollar. Gold surged after the U.S. Federal Reserve signaled possible interest rate cuts later this year at the conclusion of its June monetary policy meeting on Wednesday afternoon.
Tech stocks and China names ran strongest Thursday, as stock futures and global markets rallied, gold and oil prices spiked and the S&P 500 index threatened to seize a new high. Nasdaq 100 futures popped 1.4%. Dow Jones futures traded 0.9% above fair value.
With that in mind, here are seven blue-chip stocks to buy now: AT&T (T) Let's face facts: giant blue-chip stocks to buy are simply not in vogue anymore. Markets now place more emphasis on nimble organizations that can react to business changes. That's a good quality, particularly if a recession occurs.
Here are four charts that show why gold's back in the spotlight: The Fed Although gold has gathered some momentum in the past few weeks, it was the Fed's comments Wednesday that triggered the latest spike. While the central bank left its key rate unchanged, it dropped a reference to being “patient” on borrowing costs. Lower rates boost the appeal of non-interest-bearing assets like gold.
Akerna's debut on the Nasdaq doesn't come in the typical way. With the merger complete, the new company now goes under the name Akerna and is using the KERN stock ticker for its shares. While many marijuana stocks are having trouble making it onto the public markets, KERN was able to do so through its unique acquisition.
Slack, the workplace messaging platform, is taking an unusual path to the public markets. On Thursday, shares of the company will open for trading on the New York Stock Exchange under the ticker “WORK,” making it the latest in a parade of highly-valued tech companies to go public this year. This go-public method reduces the number of banks involved in the process (and by extension, the fees the company pays out to them) and designates them as deal advisers rather than underwriters.