MARKET SNAPSHOT U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 300 points, as Hong Kong-listed property companies came under fresh pressure. Investors also were positioning ahead of this week’s Federal Open Market Committee meeting.
The S&P 500 had already dropped below its 50-day moving average on Friday, an important resistance point for the index.
(Bloomberg) -- Stocks in Europe plunged and U.S. equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting. Treasury yields fell.The Stoxx Europe 600 index dropped 1.9%, on track for the biggest decline in two months. Raw materials led the broad-based retreat as iron ore extended a slump below $100 a ton after China stepped up restrictions on industrial activity.
(Bloomberg) -- Sinic Holdings Group Co. has halted trading after an 87% slump in its shares Monday afternoon. The Shanghai-based developer didn’t give any reason for the trading halt in Hong Kong. The sudden selloff in the last two hours leading up to the suspension was accompanied by a surge in trading volume that was about 14 times its average in the past year, according to Bloomberg-compiled data. The company has a 9.5% $246 million bond due on Oct. 18 and Fitch Ratings revised its outlook to
(Bloomberg) -- Growing investor angst about China’s real estate crackdown rippled through markets on Monday, adding pressure on Xi Jinping’s government to prevent financial contagion from destabilizing the world’s second-largest economy.Hong Kong real estate giants including Henderson Land Development Co. suffered the biggest selloff in more than a year as traders speculated China will extend its property clampdown to the financial hub. Intensifying concerns about China Evergrande Group’s debt c
It’s been a bearish start to the week for the majors. Failure to revisit last week’s highs early in the week will likely leave the majors under pressure.
The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Using that strong cash-flow, the companies have been following two strategies to boost their shares; First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from t
Here's how to dabble in the most popular investment in human history.
With the S&P 500 just below its 50-day, the market rally is at a turning point with a key Fed meeting on tap. What should investors do now?
Following a bearish end to the week for Bitcoin and the broader market, a Bitcoin move back through to $48,000 levels would support the broader pack.
It might seem tough to find cheap tech stocks as the Nasdaq hovers near all-time highs. Let's take a closer look at three of those undervalued tech stocks: Cisco (NASDAQ: CSCO), Ericsson (NASDAQ: ERIC), and Skyworks Solutions (NASDAQ: SWKS). Cisco is often considered a slow-growth tech stock, since it generates most of its revenue from networking switches and routers.
Shares of Boston Omaha, co-run by Alex Buffett Rozek, are outperforming Berkshire Hathaway stock this year. Boston Omaha just trimmed an investment in Dream Finders Homes last week.
This trend may continue through to the end of the year — here's why.
Following Sunday’s pullback, the majors will need to move through the day’s pivot levels to support a bullish start to the week. Failure to do so would leave support levels in play.
If you invested in COVID-19 vaccine maker Moderna (NASDAQ: MRNA) last year, you're likely sitting on a fantastic return, as the stock is up more than 500% in 12 months (the S&P 500 has increased by just 31%). With a pricey valuation that's significantly higher than analyst price targets and a business that today is dependent on COVID-19, it may only be a matter of time before a correction takes place. Moderna could soon face more competition in the U.S.
Seventeen-year-old Dylan Jin-Ngo became fascinated with the stock market when he was in sixth grade. Now the Huntington Beach teen spends much of his free time teaching other kids about markets.
Semiconductor manufacturer Intel (NASDAQ: INTC) was asleep at the wheel as rival Advanced Micro Devices (NASDAQ: AMD) rose from the dead. AMD's products were terrible from 2011 through 2017, built on a failed architecture that came nowhere close to competing with Intel. AMD is now on the fourth generation of Zen, and its chips have surpassed Intel on essentially every metric.
(Bloomberg) -- European stocks slid the most in a month as China’s real estate crackdown and worries ahead of this week’s Federal Reserve meeting fueled risk-off sentiment.The Stoxx Europe 600 index fell as much as 1.7%, the most since Aug. 19 and hitting the lowest level since July 21. Basic resources shares declined the most, with the sub-index down 3.3% as iron ore’s rout deepened and base metals fell. Germany’s DAX slumped 2% on the day the index’s rebalancing takes effect, with banks and au
Microsoft and AMD are among top stocks setting up possibly buying opportunities off 50-day or 10-week lines.
Buying Netflix stock at its initial public offering back in 2002 would have yielded even better results, and a $1,000 investment in the entertainment company would now be worth about $492,000 based on today's stock price. With that kind of life-changing performance in mind, a panel of Motley Fool contributors has identified three stocks that are primed to be world beaters. Impinj (NASDAQ: PI) is a company that makes it easy to track and gather data from non-electronic objects -- bridging the Internet of Things into a world beyond smart cars, mobile devices, and connected toasters.