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.
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.
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.
American Outdoor Brands (NASDAQ:AOBC) reported its latest quarterly earnings results late on Wednesday, bringing in a profit that was stronger than what analysts called for, while the company's revenue was also ahead of the Wall Street consensus estimate, playing a role in lifting AOBC stock after hours. The Springfield, Mass.-based maker of Smith & Wesson firearms said that for its fourth quarter of its fiscal 2019, it posted net income of $9.8 million, or 18 cents per share, topping the $7.7 million, or 14 cents per share it posted during the same period a year ago. On an adjusted basis when considering items such as amortization of acquired intangible assets, among other things, its earnings came in at 26 cents per share, about 2 cents per share higher than during the same period a year ago.
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.
Editor's Note: This article is part of InvestorPlace.com's Best ETFs for 2019 contest. Dana Blankenhorn's pick is Financial Select Sector SPDR Fund (NYSEARCA:XLF). At the start of 2019, when we relaunched our best exchange-traded funds feature, I thought the market was getting frothy and chose to get defensive with the Financial Sector Spider ETF (NYSEARCA:XLF).
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.
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."
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.
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.
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.
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.
Stifel Financial Corp's $52 million purchase of the capital markets business of GMP Capital Inc. gives it an foothold in the lucrative marijuana industry. “We're going to be a player in the cannabis industry, for sure,” Stifel Chairman Ron Kruszewski told the Business Journal Tuesday. The all-cash deal, announced Monday, gives St. Louis-based Stifel (NYSE: SF) strong relationships with marijuana businesses, though Kruszewski said it “will be limited in what we can do” in the U.S., where marijuana is still illegal under federal law even though it is legal in many states.
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).
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.
Get a free GOOGL Stock Research Report. Nvidia (NVDA) Nvidia (NASDAQ:NVDA) is pushing the boundaries of technology and this should pay off over the years to come. Even though Nvidia is suffering over the last six months, the long-term picture remains very compelling making this one of the top stocks to buy and hold.
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.
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.
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.
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.
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.
American Airlines is buying 50 new long-range planes from Airbus, giving a big boost to the just-launched A321XLR model and spurring Boeing to push ahead to develop a rival aircraft. Airbus and the American Airlines — the world's largest carrier — announced the deal Wednesday at the Paris Air Show, upgrading a previous order for A321neo jets to the A321XLR. Airbus launched the A321XLR program on Monday, a long-range version of its popular single-aisle A320 range, and has already signed several customers for the yet-to-be-built plane.
A gauge of global stock markets edged near this year's peak while benchmark U.S. Treasury yields and the dollar dropped after the Federal Reserve signaled possible interest rate cuts later this year. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2% while Japan's Nikkei gained 0.5%. The MSCI ACWI, which incorporates readings of 49 equity markets across the world, gained 0.2%, having recovered a large part of its losses made after U.S. President Donald Trump threatened new tariffs on all of China's imports last month.
By using TipRanks market data, you can see both analysts' consensus estimates and the upside potential from the current share price to the average analyst price target. Oil and gas giant Concho Resources (NYSE:CXO) deserves a hefty dose of support. Concho's operations are centered on the Permian Basin — one of the most prolific oil and gas regions in the U.S. Its core operating areas include the Delaware Basin and the Midland Basin and span nearly one million gross acres.