|Day's Range||2,749.97 - 2,761.85|
|52 Week Range||2,322.25 - 2,872.87|
Next week is the beginning of a massive anti-trust case in Washington. The federal government takes on AT&T over their acquisition of Time Warner. The government sued to block the deal in November saying its bad for consumers. AT&T claims blocking the transaction is denying consumers the kinds of vertically integrated products you can get from Comcast/NBCU, Netflix, Google, Amazon, and Facebook.
Jim Cramer isn’t chill about the haters of Netflix, and uncovers why Wall Street skeptics missed the massive move on the stock.
This past week marks the 10th anniversary of the collapse of Bear Stearns, the storied and scrappy Wall Street firm whose end came slowly, then suddenly, after a soured bet on the subprime mortgage market. Jeffrey Gundlach was one of the few. Gundlach, CEO and chief investment officer of Los Angeles–based DoubleLine Capital, which he co-founded in 2009, and a member of the Barron’s Roundtable, doesn’t see any disasters in the offing, unmitigated or otherwise.
U.S. stocks bounced Friday but notched weekly losses, after a shaky stretch of trading renewed many investors’ fears over the course of trade policy.
Outsized returns delivered by Amazon.com (AMZN.O), Netflix (NFLX.O) and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors' reliance on them exacerbates the risk of a steep downturn. Amazon's 35 percent surge in 2018 has pushed its market capitalization up to $770 billion, equivalent to 3 percent of the S&P 500 and close behind Apple's nearly 4 percent share of the index. Apple (AAPL.O), Facebook (FB.O), Amazon, Netflix and Google-parent Alphabet (GOOGL.O) have grown their collective market value by more than 40 percent in the past year to $3 trillion, and they now account for a quarter of the Nasdaq Composite Index (.IXIC).
J.P. Morgan estimates that the $1.2 trillion in overseas cash will lead to historic stock buybacks this year and I believe in 2019.
The Dow Jones Industrial Average finished up 72 points today, and the S&P 500 broke its four-day losing streak. •...and wonder if getting people to take their medicine can help pharmaceutical companies like Bristol-Myers Squibb (BMY) and Eli Lilly (LLY). The Dow has gone mostly nowhere this year but that hasn't stopped investors from feeling a bit exuberant about the market.
U.S. stocks edged higher Friday as gains from energy companies, industrial firms and smaller companies helped the market end a modest losing streak. Oil and gas companies climbed along with the price of ...