My "Melt Up" thesis just changed in a big way… The Melt Up that's happening in the U.S. is crossing borders. It has officially gone global. It turns out, the "big idea" in this Melt Up isn't limited to the U.S. And right now, the biggest gains will likely come from outside the country. Let me explain… In the U.S., technology stocks....More>>>
May 3, 2018: Markets opened lower again Thursday but much of the early loss was recovered and it looks like equities will end the day right around the break-even line. Traders are paying attention to U.S. trade talks with China, possible inflation, bond rates, the nuclear agreement with Iran, and earnings. With so much going on it’s not hard to see why markets are reluctant to plot a course....More>>>
Either low-income Americans became rich this Black Friday, or Wal-Mart’s (NYSE:WMT) marketers do not know what they are doing.
For years, $133,653 Cartier watches and expensive jewelry were sold in upper scale stores, where high income Americans prefer to shop on Black Friday.
This year, Cartier watches are being sold on the Walmart.com site.
But who will buy them?....More>>>
Company payrolls increased by a lower-than-expected 171,000 last month, the US Labor Department reportsthe weakest gain in three months. The crowd had been looking for stronger results near +200,000. Instead, this morning’s update falls in line with ADP’s April profile of weaker growth.
The news provides more evidence that the US macro trend is off to a sluggish start in....More>>>
Rising tensions with North Korea and the recent threat to Florida from Hurricane Irma contributed to the slight decline in the S&P 500 Index last week. While news was otherwise slow, a handful of leading dividend stocks rewarded shareholders with news of higher dividends.
Five notable dividend stocks increased their payouts over the last two weeks, including....More>>>
The going rate for a lunch date with Warren Buffett: $2,679,001.
At least, that’s how much the top bidder — who wished to remain anonymous — in this year’s “Power Lunch with Warren Buffett” charity auction was willing to pay. The bidding closed Friday evening.
This is the 18th year Buffett has offered himself up for the bidding war, and he does....More>>>
The September U.S. Dollar Index is trading at 96.17, up 0.07.
The U.S. dollar index is trading choppy and just under the highs of the session.
The U.S. Bureau of Labor Statistics reported that year over year Core CPI (consumer price index) for June rose to 2.3 percent versus 2.2 percent May. Year over year CPI was 1.0 percent versus 1.0 percent in May. On the month CPI in June....More>>>
Credit Suisse recently increased their iron ore price forecast for the medium term, which should give a small boost to Cliffs Natural Resources (CLF)but that doesnt mean the firm thinks you should buy the stock.
Photographer: Andrey Rudakov/Bloomberg
Analyst Curt Woodworth and his team reiterated an Underperform rating on the stock Friday, although they raised their price target....More>>>
Credit Suisse analyst and teamGregory Lewis and team contend that Noble (NE) is “positioning for [an] eventual recovery” in offshore drilling, with emphasis on the word “eventual” but worry about They explain:
Agence France-Presse/Getty Images
We had the opportunity to host meetings with Nobleearlier this week. Management focused on its strong medium-term....More>>>
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