May 1, 2017: Markets opened higher on Monday following an agreement that keeps the federal government solvent through the end of September. Blue chips have shown very little gain today, with telecom and utilities performing worst and tech and financials performing best. WTI crude oil for June delivery settled at $48.84 a barrel, down 1% on the day. June gold also dropped 1% for the day to settle....More>>>
I’m a longtime fan of Warren Buffett, and I often refer to one of my favorite Buffett quotes: "You only have to do a very few things right in your life so long as you don’t do too many things wrong."
With that in mind I’ve compiled the following list of 10 things that successful investors don’t do. If you’re doing any of these, I hope you’ll change....More>>>
Pennsylvania will officially legalize the sale of medical marijuana this spring, in what’s sure to be a huge catalyst for the Quaker State’s economy and the marijuana industry at large.
Pennsylvania will be joining its neighbors – New York, Maryland, West Virginia, and New Jersey – as the latest East Coast state to legalize medical sales.
With a population....More>>>
Oil futures set off on a positive start Monday as the first decline in U.S. oil-drilling activity since January gave the market a fresh tailwind after seven-consecutive sessions of price gains.
The drop in Baker Hughes weekly count, coming after a record 23-straight weeks of rising numbers of active rigs, helped stoke sentiment that shale producers may have hit a bottleneck amid prolonged....More>>>
China’s trading venues have skyrocketed in number from 300 in 2011 to over 1,000 in 2017, and one of the newest exchanges to open is the China Donkey Exchange.
Editor’s Note: For investors looking to play trends in China, this could be the newest form of speculative investment. We have a better way to play the Asian market and will share that in just a bit.
Following the market opening Tuesday, the Dow traded up 0.54 percent to 21,821.58 while the NASDAQ climbed 0.80 percent to 6,262.58. The S&P also rose, gaining 0.58 percent to 2,442.35.
Leading and Lagging Sectors
Tuesday morning, the basic materials shares climbed by 0.95 percent. Meanwhile, top gainers in the sector included Allegheny Technologies Incorporated (NYSE:....More>>>
GOP Proposes Radical Change to 401(k) System
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Secretary of the Commonwealth William Galvin is concerned that the Massachusetts’ Department of Revenue uses private collection agencies to collect delinquent taxes.
“My office fields many calls from....More>>>
CFRA’s Stewart Glickman explains why he downgraded shares of ExxonMobil (XOM) to Hold from Buy ahead of its earnings release before tomorrow’s market open:
Agence France-Presse/Getty Images
Shares are up 12% YTD despite what we view as deteriorating refining fundamentals and mediocre upstream prospects. Ahead of tomorrow’s Q3 call, we cut our ’16 EPS....More>>>
The narrative about U.S. economic growth and financial markets has changed since Donald Trump won the presidential election.
Gone are the days when we talk about central banks, monetary stimulus and low rates. We are in a brave new world of bold fiscal spending plans, tax reforms, rising inflation and rising interest rates.
Whether you are a supporter of the president-elect or not,....More>>>
Toward the end of trading Tuesday, the Dow traded up 1.21 percent to 21,014.67 while the NASDAQ climbed 0.76 percent to 6,029.54. The S&P also rose, gaining 0.67 percent to 2,390.01.
Leading and Lagging Sectors
Tuesday afternoon, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Beasley....More>>>