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.
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.
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.
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.
If reading financial markets is usually as inscrutable as reading tea leaves, bond investors have decided now is the time to send a message in big, bold letters. Investors are rushing to get their hands on the safest assets available, such as government bonds. Investors are anticipating a global shift in monetary policy towards lower interest rates, and loosening of financial conditions.
College students are in for a wake-up call when they enter the workforce after graduation. A survey conducted by Clever Real Estate revealed Gen Z college students have “seriously unrealistic expectations” when it comes to how much they will earn in their job a year out of school and 10 years into their careers. “Students tend to overestimate how much they'll make right out of college.
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."
Slack Technologies' long-awaited direct IPO is expected to begin trading Thursday without the traditional markers of a pricing range or set IPO price prior to trading, but the secondary markets are expected to play a critical role in setting its opening price. San Francisco-based Slack will trade on the New York Stock Exchange under the ticker “WORK.” The company expected to consider where its shares were trading on the secondary markets when it sets its reference price Wednesday night on the eve of its direct IPO trading day, said Jose Cobos, head of the NYSE's Technology Capital Markets. The reference price is a data point of where the company may set its opening price when it kicks off trading.
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).
Marijuana stocks seem a bit wobbly at the moment and Canopy Growth (NYSE:CGC) is no exception. The CGC stock price hasn't tanked, to be sure. Canopy Growth earnings on Thursday will provide an opportunity to reverse the recent trend.
For last quarter, Alibaba reported a huge jump in its net income. In fact, on both a GAAP and non-GAAP basis, Alibaba crushed analysts' average expectation. It reported non-GAAP earnings per share for the quarter of $1.28 against the consensus outlook of just 95 cents.
My advice is that you should set your sights lower, not higher and put some cash to work in three down, but not out heavyweight biotech stocks for the next big thing in investing. The Nasdaq Composite, S&P 500 and Dow Jones Industrial Average have broken out of short bases barely discernible on the weekly chart and back within spitting distance of their respective all-time-highs following May's abrupt correction. It has been a nice period for biotech stocks as well.
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.
After a quiet Day 1 at the Paris Air Show, Boeing announced a trio of deals Wednesday that stunned the aviation sector. The aircraft manufacturer has new orders lined up from airline customers on three continents for its widebody 787 Dreamliner and its beleaguered narrowbody 737 MAX. Analysts had been voicing concern about the poor early showing for Boeing at the biennial show, the most prestigious in the industry, chalking up the slow deal flow to the woes of its workhorse model, the 737 MAX.
With the advent of its new "ground beef" product, Beyond Meat's shares are up across the board. A 10% spike in share values is being credited to the company's recent announcement of the product. The rise in shares is also being credited to Beyond Meat's partnership with companies such as Tim Hortons and Carl's Jr. The plant-based meat alternative market is estimated to be worth $140 billion in the next decade.
The 2018 midterm elections made clear that Americans preferred legalization over the continued prohibition of pot, which should bolster the case for the top marijuana penny stocks. When residents in California voted for full recreational weed, it boded well not just for marijuana penny stocks, but for electoral momentum in other states and the midterms emphatically proved this point. In conservative Utah and Missouri, voters approved medical cannabis.
Of course, the FOMC doesn't want to lock itself into anything just yet, so it is trying to be somewhat coy while flirting with a more accommodative monetary policy. The FOMC started off with a classic economic on-the-one-hand-but-on-the-other-hand setup in its monetary policy statement. Having covered both its bullish and bearish economic bases, the FOMC left the target range for the federal funds rate unchanged at 2.25% to 2.50% for now.
Rather, founders, employees, and early shareholders sell their shares directly to public investors, avoiding Wall Street's fees or any lock-up period which traditionally prevents insiders from trading after an IPO. It's a rarely used but increasingly popular tactic. For a select group of well-known companies, it is the future.
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.
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.
Bullion for immediate delivery jumped as much as 2.5% to $1,394.11 an ounce, the highest since September 2013, and traded at $1,380.18 by 9:34 a.m. in Singapore. While the Fed left its key rate unchanged on Wednesday, it dropped a reference to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year, which weighed on the greenback. “Easier monetary conditions are likely here to stay,” Michael McCarthy, chief market strategist at CMC Markets Asia Pacific Pty, said by phone.
p Gold prices hit their highest intraday level in more than five years on Thursday, lifted by expectations the US Federal Reserve will ease monetary policy this year following dovish signals on Wednesday. p The price of gold jumped by 1.4 per cent during morning trading in Asia hours, reaching as much as $1,383.81 per troy ounce, or its highest intraday value since March 2014.
The next Federal Reserve rate cut may be driven by weak inflation rather than softening economic growth. You'll notice that the statement was not all that downbeat on growth but did highlight weak inflation and uncertainties about the outlook,” wrote Neil Dutta, head of U.S. economics at Renaissance Macro Research, LLC, in a note to clients shortly after the June statement was released. This feels more like the Fed sees the coming cut as more of an issue around inflation/insurance than growth.
It may be psychologically pleasing to see shares of a company rise during its first day of trading following an initial public offering. But in the case of a direct listing, investors might see the stock hit its high at the start of the day before sliding back down, said Joe Mecane, head of execution services at Citadel Securities during Brainstorm Finance conference in Montauk, N.Y. That's exactly what may happen with workplace messaging application Slack, which is set to start trading as a direct listing on the New York Stock Exchange as “WORK” Thursday, with a price of around $26 a share.