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>>>
Lam Research (LRCX) soared to the top of the S&P 500 today after beating earnings forecasts and raising its fourth-quarter guidance.
Lam Researchgained 6.9% to $136.17 today, while the S&P 500 declined 0.2% to 2,338.17.
Credit Suisse analysts Farhan Ahmad and John Pitzer and argues that Lam Research’s “new trough is higher than [its] old....More>>>
Image Credit: Fox
Every year we see a number of movies designed for the purpose of wining Oscars. Part of the problem with that approach is that while a big awards win can often be worth its weight in gold to studios, investors would prefer actual cash.
Fox (NASDAQ:FOXA) may have solved part of that problem with its new film Hidden Figures and its not just the studio that could....More>>>
When will the world see its first trillionaire? A British charity estimates that it could happen within 25 years and that it will be none other than Microsoft founder Bill Gates.
Oxfam, the U.K. world hunger organization, meant to shame the world’s richest with its list of multi-billionaires. Which is odd, considering that Gates is a founder, with Warren Buffett, of The Giving Pledge....More>>>
Wall Street on Monday didn’t just cash in on one winner, or a daily double, or even a trifecta. It notched astock market-style superfecta, with all four major U.S. stock indexes — representing blue chip names, technology stocks, small caps and large-company stocks — all closing at record highs on the same day for the first time in 17years.
The post-election rallybegan two....More>>>
The recent announcement that Pilgrim’s Pride (NYSE:PPC) will be acquiring GNP Company is a welcome reprieve to those of us that see the value in the company. As investors likely already know, accusations of price index manipulation of the Georgia Dock index continue to swirl in the media, and the interest from the press doesn’t seem to be waning. Why should it? It has all the trappings....More>>>
Is China the New U.S. for Tech?
A number of U.S. companies have benefited from China, but there’s also been some major companies that haven’t participated in China’s growth over the years too. Companies that first come to mind include Netflix (NFLX), Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) and Facebook (NASDAQ:FB), among others, (although it should be mentioned Netflix is....More>>>
Credit Suisse analysts Seth Sigman and Kieran McGrath argue that both Home Depot (HD) and Lowe’s (LOW) will beat first -quarter earnings forecasts, but Home Depot is a “better way to play” earnings. They explain why:
Michael Nagle/Bloomberg News
Home Depot/Lowe’s are positioned to deliver upside to Q1 expectations. With that relatively well known, our....More>>>