Source: ThinkstockFebruary 28, 2018: The S&P 500 closed down 1.1% at 2,713.80. The DJIA closed down 1.5% at 25,027.96. Separately, the Nasdaq was down 0.8% at 7,273.01.
Wednesday was another down day for the broad U.S. markets with all three of the major exchanges closing lower on the day. The Dow took the worst of the punishment with losses over 300 points. Note that again most of this....More>>>
Don’t look now, but the S&P 500 is having its third-best year in the past decade, which is amazing when you consider we’ll be entering the tenth year of the bull market in March. It’s a big indication the 2008 financial crisis is clearly in the rearview mirror, making it very difficult to find cheap stocks to buy.
With the S&P 500 up 16% year-to-date, it’s....More>>>
The technicians love the biotech sector–and the iShares Nasdaq Biotechnology ETF (IBB)–today. Earlier today, we discussed Cornerstone Macro’s Carter Worth, who predicts big upside for the health-care sector generally, and some biotech stocks specifically, Regeneron Pharmaceuticals (REGN) and Amgen (AMGN) among them. Now, the folks at Bespoke Investment Group have published their....More>>>
The day started out strong, but as time passed, the bullishness faded and the bears dug in. By the time the closing bell rang, the S&P 500 had slipped into the red, closing down 0.17% at 2338.17. Still, that wasn’t enough to drag the index under its key support level of 2,329.
It was much worse for some names though. Namely, Diana Shipping Inc. (NYSE:DSX), Rite Aid Corporation (NYSE:RAD)....More>>>
Both NVIDIA (NASDAQ:NVDA) and AstraZeneca (NYSE:AZN) have gained over 10% in price in the past week. NVIDIA was up due to a positive earnings beat with growth in artificial intellegence. AstraZeneca saw progress on the drug Imfinzi which is set to battle lung cancer, among other potential growth in drug pipeline research. Investors should be excited as both companies continue to execute going forward.
Tesla is down nearly 20% in the past 2 weeks. (Photo credit should read KARIM SAHIB/AFP/Getty Images)
Yesterday, Tesla closed at $308, down almost 20% in just 2 weeks. Sharp drops like this often scare lots of people out of the stock. But one of our top managers, Gorden Lam, is not selling. The best defense against making a bad decision is to take the emotion out of it.
Precious metals are making a move… Gold and silver both bottomed the day after the U.S. Federal Open Market Committee raised rates in mid-December. And they've climbed higher ever since… This week, both metals hit three-month highs. Gold traded as high as $1,264 per ounce and silver traded up to $18.48 per ounce. And as I'll explain in today's essay,....More>>>
The allure of the largest U.S. technology companies is understandable given significant returns last year, but their sheer size is the reason for their eventual downfall and long-term stock underperformance, according to Rob Arnott, founder of Research Affiliates.
Best Buy Inc. (BBY) is keeping its friends close and its enemies closer.
Shares of the electronics chain spiked nearly 4% Wednesday, April 18, after CEO Hubert Joly announced that the company has entered into a partnership with Amazon.com Inc. (AMZN) to sell televisions that are programme