|Day's Range||2,791.69 - 2,804.53|
|52 Week Range||2,417.35 - 2,872.87|
Wall Street investors find themselves facing off with a bull of their own, one that is in its ninth year and, despite being beset by a cavalcade of concerns, appears on the verge of resuming the second-longest run since WWII.
Is Trade War Really A Good Thing For The US? The uncertainty surrounding the trade war between the U.S. and China has eased recently after the two world largest economies have signaled their intention to sit at the negotiation table. In addition, investors also started to realize that the effects of tariffs have substantially exaggerated.
Investing.com - Geopolitics could hang over the market in the coming week, as investors look ahead to an unprecedented meeting between U.S. President Donald Trump and Russian President Vladimir Putin on Monday.
Since recent market commentary has been focused on sectors and regions that have rocketed in the last few years, investors have been left to believe that all stocks are overvalued. Certainly, there are specific firms across regions and industries that have strong growth potential with depressed prices just waiting for investors to find them. Yes, MLPs took a huge hit from mid-2014 through early 2016 as oil prices tanked to about $25 a barrel from over $100 over that period.
Based on last week’s price action and close at 2803.25, the direction of the September E-mini S&P 500 Index is likely to be determined by trader reaction to a pair of Gann angles at 2793.00 and 2789.25. Basically, there is plenty of room to the upside with resistance staggered if buyers can sustain the rally over 2793.00 this week. Falling back under 2755.25 will be the first sign of a shift in momentum to down.
With just over 5 percent of S&P 500 companies reporting thus far, earnings growth is up 16.37 percent. U.S. import prices fell the most in more than two years in June. U.S. consumer sentiment hit a six-month low as tariff worries more than doubled, dampening optimism over the economy. The preliminary data showed that consumer sentiment fell to 97.1, its lowest level since January. The Federal Reserve said Friday it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. Finally, Atlanta Fed President Raphael Bostic said Friday he favors one more interest-rate hike this year, given current economic conditions.
The S&P 500 rallied during the week, slamming into the 2800 level on Friday. It looks as if this is a market that will try to break out above there, and then perhaps reaching towards the upside. Short-term pullbacks could be buying opportunities based upon value.
The S&P 500 initially tried to break out to the upside and above the 2800 level premarket hours, but then we pulled back towards the 50 EMA on the hourly chart. As I record this though, it looks like we are ready to continue going higher.
More than half a century has passed since the then French finance minister and future president Valéry Giscard d’Estaing complained that the US enjoyed an “exorbitant privilege”. Now that exorbitant privilege is morphing into what might be called a “highest level of special privilege”. Donald Trump has spent the week travelling through Europe and the UK like a political wrecking ball.
U.S. stocks climbed Friday and posted weekly gains, as a solid start to the corporate earnings season helped investors brush aside fears about a global trade rift. Stocks have shown resilience in recent weeks, even as the U.S. and China have ramped up punitive trade measures on each other that some analysts fear could hurt global growth. The S&P 500 dipped midweek after the White House said it would assess 10% tariffs on an additional $200 billion of Chinese goods—although it then rebounded Thursday as technology shares rallied.
William Priest: The outlook for earnings and dividends is excellent this year. There will be a substantial increase in earnings, due in part to the corporate tax cuts enacted late last year. With regard to dividends—whether paid in cash or through stock buybacks—this will be one of the best years ever.
Barron’s: What awaits investors in the second half of the year? Mario Gabelli: The markets over the balance of the year will be shaped by four Ts. The first is tariffs. The global economy is $86 trillion. ...
The Dow Jones Industrial Average gained more than 100 points today and had its best week since June 8. •...and wonder why Mattel (MAT) was the S&P 500's worst performer. Hooray for tariffs! How else to respond to a week that saw the Trump administration announce tariffs on another $200 billion in Chinese goods, only to see the market rally this week, and rally hard?
The Federal Reserve says that it expects low unemployment and rising inflation will keep it on track to raise interest rates at a gradual pace over the next two years. By late 2019, the Fed says its key policy rate should be at a level that will be slightly restrictive for growth. NEW YORK (AP) -- Papa John's is pulling founder John Schnatter's image from marketing materials following reports he used a racial slur.
While the major averages have "lulled investors to sleep," there are actually stocks that are up 100 percent this year, says Raymond James' Jeff Saut. "I think we’re going to go up and make new all-time highs."
“The major averages have kind of lulled investors to sleep, thinking the market hasn’t done much this year,” says Raymond James' Jeff Saut. Wall Street veteran Jeffrey Saut is sticking with his call that there are new all-time highs ahead for the stock market. “The major averages have kind of lulled investors to sleep, thinking the market hasn’t done much this year,” the chief investment strategist at Raymond James said on CNBC’s “ Closing Bell ” on Friday.
President Donald Trump meets Russian President Vladimir Putin in Helsinki on Monday, and that is likely the main event in the coming week. Fed Chair Jerome Powell speaks Tuesday and Wednesday in comments before the Senate Banking Committee and the House Financial Services Committee. The focus remains on trade as analysts sift through earnings comments for any signs that Trump trade policies are impacting profits or spending.
By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks rose slightly on Friday, putting the S&P 500 at its highest closing level in more than five months, as gains in industrials and other areas offset ...
On a day major stock benchmarks closed up, Wells Fargo fell after reporting earnings and Gogo tumbled on turnaround plans that weren't well-received.
JPMorgan released its earnings Friday, July 13, and the bank successfully beat. TheStreet's Brian Sozzi reported that it's the best bank stock to own. "JPMorgan is most representative of the value inherent in the universal banking model," wrote Credit Suisse analysts.
Chamath Palihapitiya, the CEO and founder of Social Capital, predicted on CNBC’s "Fast Money" in December that bitcoin would be worth $1,000,000 in 20 years. Tom Lee, of Fundstrat Global Advisors, told CNBC in June that bitcoin is a “great store of value.” In a different June interview, Lee predicted bitcoin would be be worth more than $20,000 by the end of 2018. Brian Kelly, founder of BKCM LLC, said that he likes both bitcoin and ethereum when it comes to cryptocurrencies.