However, he pointed out that there are stark differences in market conditions today compared to how things were 30 years ago. "We have from a purely technical point of view, more favorable conditions than in '87," he said. "The market is not as overbought as it was at that time." But that doesn't mean the contrarian investor is placing his bets on stock markets. "We are less overbought but we have more unfavorable macroeconomic conditions," he explained. "If I look at monetary and economic conditions around the world, the level of debt is much higher now, the level of government debt is much higher." Faber still sees similarities in market conditions with 1987. "A lot of people were accustomed
MONTREAL/PARIS (Reuters) - Airbus SE said on Monday it would acquire a majority stake in Bombardier Inc's CSeries programme in a deal that the Canadian plane-and-train-maker said would boost sales and position the company strategically against a potentially costly U.S. trade dispute with Boeing Co . The deal, which would come at no cost for Airbus, would give the European planemaker a 50.01 percent interest in CSeries Aircraft Limited Partnership (CSALP), which manufactures and sells the jets, the companies said. Airbus Chief Executive Tom Enders said the company has offered to assemble some of the narrowbody jets at its U.S. plant in Alabama for orders by American carriers.
Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. MCRI is currently sporting a Zacks Rank #2 (Buy).
Jim Cramer finds that traders tend to give investors buying opportunities when they flee certain stocks, like the battleground that is Apple.
Bruce Berkowitz, Sears Holdings Corp.’s largest outside shareholder, is stepping down from the board, a move that sent the stock tumbling on Monday. Berkowitz, the chief investment officer and founder of Fairholme Capital Management, will depart at the end of this month -- less than two years after he joined the board. Long a passive investor in Sears, Berkowitz became a director in February 2016 after saying he wanted to take a more active role at the company.
Only one analyst asks about the scandal that has gripped WashingtonReutersTim Sloan, CEO of Wells Fargo & Company, didn’t get much probing from sell-side analysts about the bank’s sales practices. Just a few weeks ago, several members of Congress raked the bank’s CEO, Tim Sloan, over the coals for the ongoing customer fraud scandals that have engulfed the bank for over a year. In fact, it took over half an hour for the call’s sole “sales practices” question, from Matthew O’Connor of Deutsche Bank, to emerge.
For months, the war in Washington to repeal and replace the Affordable Care Act, or Obamacare, has gripped the nation, along with concerns about how it might change health care for people who buy private insurance. "Funding for Medicare would likely have been cut by attempts to repeal the Affordable Care Act," says Andrew Scholnick, senior legislative representative on AARP's federal legislative team. Although unable to pass bills that would have done away with Obamacare, the details of Republicans' proposals offer insight into the direction they'd like health care to move, as well as the continuing efforts on the part of Congress and the Trump administration to remake the American health care system.
Experts say this is the ideal retirement savings timeline. Planning how much to save for retirement, let alone actually putting away the money, can be overwhelming. Many studies and experts provide guidelines on how to save for retirement, depending on where you are in your life.
The indices are looking to keep the rally alive as the Dow inches toward 23,000. Meanwhile, traders go through a number of earnings, as Goldman Sachs blows by analysts’ estimates. Yahoo Finance’s Alexis Christoforous, Andy Serwer, Justine Underhill, Sheryl
T-Mobile U.S. Inc and Sprint Corp plan to announce a merger agreement without any immediate asset sales, as they seek to preserve as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to people familiar with the matter. While it is common for companies not to unveil divestitures during merger announcements, T-Mobile's and Sprint's approach shows that the companies plan to enter what could be challenging negotiations with U.S. antitrust and telecommunications regulators without having made prior concessions.
Jeffrey Sherman: Challenges ahead for risk assets 3 Hours Ago | 02:22 U.S. stocks hit record highs on Monday as Wall Street looked ahead to the release of Netflix's quarterly results. The Dow Jones industrial average gained 66 points. The S&P 500 traded 0.1 percent higher, with telecommunications and financials leading advancers. Losses in real estate and health care capped gains. The Nasdaq composite advanced 0.2 percent. The three indexes reached record intraday highs shortly after the open. Earnings season kicked off last week with JPMorgan Chase, Citigroup and Bank of America releasing their results. Goldman Sachs, Morgan Stanley, Verizon and Honeywell are among the companies set to report
Russell Investments Chief Market Strategist Stephen Wood Federal Reserve policy and the outlook for stocks.
Shares of Apple Inc. shot higher Monday, after the technology giant was upgraded at KeyBanc Capital, which said an aggressive move to a more “subscription-like” strategy can offset stagnating iPhone sales growth. Analyst Andy Hargreaves raised his rating on Apple to overweight, the equivalent of buy, after being at sector weight for the past 4 1/2 months. Hargreaves downgraded Apple in June, on concerns over a lack of growth in iPhone unit sales.
Payments processor First Data Corp. (FDC) could become as big a financial-services player as Visa (V) or MasterCard (MC) and "offers the best value of any stock that we own right now," Jim Cramer says. "The only real financial we are crazy about at these levels -- and we are -- is First Data," Cramer said in a private conference call with members of his Action Alerts PLUS club for investors. "I do think that this could end up being the next Visa or MasterCard once people see through the huge debt load that is rapidly being shed." First Data has trailed the S&P 500 since going public on Oct. 15, apparently weighed down by big debts. FDC had some $20.7 billion of long-term debt as of 2014's end,
Netflix is sinking deeper into debt in its relentless pursuit of more viewers, leaving the company little margin for error as it tries to build the world's biggest video subscription service. The big burden that Netflix is shouldering hasn't been a major concern on Wall Street so far, as CEO Reed Hastings' strategy has been paying off. The billions of dollars that Netflix has borrowed to pay for exclusive series such as "House of Cards," ''Stranger Things," and "The Crown" has helped its service more than triple its global audience during the past four years — leaving it with 109 million subscribers worldwide through September.
SoftBank's multi-billion-dollar investment in Uber will be finalized "very likely in the next week," Uber board member Arianna Huffington said at the WSJD conference Monday. Uber's board voted earlier this month to approve the Japanese tech conglomerate's investment, which would add six more board seats, include a commitment to go public by 2019, and annul super-voting shares held by ousted ex-CEO Travis Kalanick and other longtime insiders. Through its $93 billion Vision Fund, SoftBank plans to acquire a 14% to 20% stake in the world's most valuable privately-held tech startup, Huffington said Monday.
Crude prices rose 1 percent on Monday as Iraqi forces entered the oil-rich city of Kirkuk, seizing territory from Kurdish fighters and briefly cutting some crude output from OPEC's second-largest producer. "We're seeing increased geopolitical tension in the Middle East providing support in the market today, namely in Iraqi Kurdistan, and some uncertainty around Iran," said Anthony Headrick, energy market analyst at CHS Hedging LLC in Inver Grove Heights, Minnesota. Iraqi Kurdistan briefly shut down some 350,000 barrels per day (bpd) of production from the major Bai Hassan and Avana oilfields due to security concerns.
There’s a trope that foreign startups can’t innovate—they just copy ideas created in Silicon Valley. The success of China’s dockless bike-sharing startups has flipped that script, and now U.S. companies are scrambling to catch up. Bike-sharing programs have spread across the US in recent years, but slowly. It takes time to secure government and corporate sponsorships, which cover the cost of installing expensive docks to hold the bikes, as well as credit-card payment systems. Motivate, the country’s most prominent operator, has programs in nine U.S. cities. In China, though, bike sharing has exploded seemingly overnight, thanks to an influx of venture capital and a model that eschews docks, making
Billionaire investor Warren Buffett knows how to strike a good deal. The "Oracle of Omaha" has amassed $78 billion in net worth and owns more than 60 companies including Geico, Duracell and Dairy Queen through his Berkshire Hathaway (BRK.A) (BRK.B) , Forbes reported. Here are some tips to close a deal like Warren Buffett himself. Always remember Buffett's favorite deal making maxim: "Rule number one: Never lose money. Rule number two: Never forget rule number one." Get Right to the Money. Buffett's book, "The Essays of Warren Buffett," outlines the very real need to start talking about money from the start, no matter how uncomfortable it could make the conversation. It's both unrealistic and
Insurers and employers in Kansas and Missouri will have to adapt to another change in… more Kansas and Missouri won’t see immediate rate increases after President Donald Trump ended subsidies for individual plans on the Affordable Care Act exchanges, but it’s unclear how the changes will affect insurance companies — and patients — in the long term. On Thursday, Trump confirmed that he would end cost-sharing reductions (CSRs), which delivered $7 billion to reduce out-of-pocket limits and deductibles for beneficiaries below 250 percent of the federal poverty level. Congress had not appropriated funding for the CSRs. The news caused a small dip in insurance companies’ stock, such as St. Louis-based
European stocks open mixed on Tuesday as investors shift focus to rising commodity prices in the reignited global reflation trade and prepare for a key reading on consumer prices in the United Kingdom. Bank of England Governor Mark Carney is slated to speak to U.K. lawmakers on parliament's Treasury Select Committee later in the morning. Airbus SE ( (EADSY) ) will take a majority stake in Bombardier Inc's ( (BDRBF) ) C-Series jetliner division, the group said late Monday in Paris, as the Canadian group continues to grapple with the United States over accusations of unfair state support from the Canadian government. Kobe Steel Ltd ( (KBSTY) ) said Tuesday that the U.S. Department of Justice has
UnitedHealth Group Inc, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellweather for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance companies for low-income patients, his latest attempt to weaken predecessor Barack Obama's signature healthcare law.
Shares of China's No.2 e-commerce firm JD.com are a better deal for investors than Alibaba Group's stock and could rise 30 percent or more over the next year, Barron's said on Sunday. JD.com's shares have underperformed Alibaba's since the beginning of August due to misplaced concerns, and JD.com stands to be among the biggest beneficiaries of China's shopping holiday on Nov. 11, the Barron's report said. A decline in gross profit margin when the JD.com reported quarterly results in mid-August spooked investors but was not as worrisome as it seemed, Barron's said.
Earnings season can be a euphoric time for stocks. A big part of that has to do with how investors approach earnings season. When investors anticipate strong results, stocks tend to rally heading into the season only to fade as results are actually reported, the firm says.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer spoke about Wynn Resorts (WYNN) getting a price target raise from Deutsche Bank (DB) . Cramer noted that Steve Wynn has done many heartfelt conference calls saying he's confident that his Asian territory resorts will work out well and Cramer believes him because Wynn is out there trying to make the shareholders money. Cramer also called Wynn a "remarkable man". Don't miss a rare opportunity to learn from the best in the business! Jim Cramer is hosting top market movers for a unique investing event on October 28. Reserve your spot today: http://bit.ly/2gD6nZt