A video board display's the numbers after the closing bell of the Dow Industrial Average at the New York Stock Exchange on November 8, 2017 in New York. Wall Street inched to another trifecta of record closes with the Dow finishing at its fifth straight all-time high.
Alphabet (GOOGL) doesn't seem like your typical growth stock, considering it opened at $1,030.99 this morning (Oct. 27, 2017). But Wall Street is overlooking the explosive potential our tech guru sees…
Money Morning Director of Technology & Venture Capital Research
On Thursday, our Under the Radar Moversnewsletter suggested shorting small cap offshore oil and gas services stock PHI Inc (NASDAQ: PHIIK):
We’re a little bit late to the party here, but that’s ok – there’s still some meat left on the bone, so to speak. Were looking for the stock to continue on to the lower edge of a long-term (and bearish) trading range that should....More>>>
Large cap upscale accessories retailer Coach Inc (NYSE: COH) reported FY17 Q4 and year end earnings before the market opened on Tuesday with shares falling off in premarket trading despite profit doubling. Q4 net sales totaled $1.13 billion versus $1.15 billion in the prior year. Excluding the additional week included in fiscal 2016 results, net sales increased 6% on a reported basis and....More>>>
bebe stores’ (NASDAQ:BEBE) fiscal second-quarter report had something for the bulls and the bears. A -10.5% comparable sales figure in the key holiday quarter lends support to the “what are you thinking buying this declining business?” bear case. But a few green shoots – most notably positive free cash flow for the first half – give some comfort to BEBE bulls. And,....More>>>
We’ve noted before that for all the attention Macau gets, the real action for casinos these days is in Las Vegas. In a report issued today, Gabelli’s Adam Trivison touts the importance of Nevada for Boyd Gaming (BYD) and MGM Resorts International (MGM), which have large Nevada footprints, and for Wynn Resorts (WYNN) and Las Vegas Sands (LVS), which don’t:
If you want your portfolio to grow with American business, and don’t want to choose individual stocks, a S&P 500 index fund could be a smart choice for you. In fact, legendary investor Warren Buffett has said several times that low-cost index fund investing is the smartest way to go for most people, and he has mentioned S&P 500 index funds as a bet on the future of U.S. growth.
Oil and gas majors like ExxonMobil Corporation (NYSE:XOM) and Royal Dutch Shell Plc (NYSE:RDS-B) have had a rough run since mid-2014. But these two industry giants are making the changes needed to deal with today’s difficult energy markets, just like they’ve done time and time before. You could worry, but you really don’t need to. Here are their bonafides.
Earlier today, we highlighted one analyst who compared Tesla Motors (TSLA) to New York City in the 1970s and recommended investors sell now. Baird’sBen Kallo andTyler Frank, however, see recent weakness in Tesla as a buying opportunity. In a note released yesterday, they explained why:
2016 Tesla Model S
Reiterate Outperform and price target of $338. We are buyers on recent....More>>>
Ive long assumed that improving Americans retirement security would become a legislative priority in Washington D.C. For one thing, the population is aging, including the massive baby boom generation. For another, the glaring flaws in Americas pat
In early 2016, I (Porter) was invited to dinner with one of the most powerful men in the world – the "Metropolitan Man"... We met on the top floor of New York City's Metropolitan Club. There, he warned me that the potential for negative interest rates threatened the