August 28, 2017: Markets opened higher for the third straight day Monday, but gains were offset in short order on both the S&P 500 and the DJIA. There was no major economic news Monday and no earnings of note. Two large biotech mergers kept the Nasdaq Composite rocking higher. Healthcare and tech posted the largest sector gains will financials and tech stocks lagged. WTI crude oil for October....More>>>
Source: ThinkstockAugust 2, 2017: The S&P 500 closed relatively flat at 2,477.51. The DJIA closed up 0.2% at 22,016.04. Separately, the Nasdaq closed relatively flat at 6,362.65.
Wednesdays session saw the Dow hit a new all-time high almost solely on the back of Apple, which had a gain of more than 5% on the day. Although Apple did not make the biggest percentage gain in the S&P 500....More>>>
Late last week, small cap algae commercialization stockAlgae Dynamics Corp (OTCQB: ADYNF) announced a research agreement with the University of Waterloo to perform fundamental research on cannabis oil and its constituents in the context of the development and treatment of cancers of the colorectum, pancreas, breast and prostate. This announcement follows a previously announced new strategic initiative....More>>>
It was a nothing day–until word spread that OPEC was seriously considering capping oil production. Then it was off to the races.
The S&P 500 0.5% to2,171.37 today, while the Dow Jones Industrial Average gained 110.94 points, or 0.6%, to18,339.24. The Nasdaq Composite advanced 0.2% to5,318.55. The S&P 500 was down 0.04% at 2:10 p.m. today, before the OPEC....More>>>
Shale oil producer Whiting Petroleum (NYSE:WLL) is all set to benefit from an improvement in oil prices going forward as the company has managed to reduce its losses even in a challenging environment due to its cost control. In fact, driven by its focus on reducing costs, Whiting was recently upgraded by Stifel to “Buy” from “Hold” with a price target of $15. This implies....More>>>
Cobalt International Energy (NYSE:CIE) has been on a seemingly never-ending slide. After plunging 77.3% in 2016, the offshore oil developer picked up right where it left off in 2017, falling another 22.8% last month. While the company released some good news last month, investors continue to focus on its precarious financial position.
Michael E. Lewitt
Yesterday, markets had their worst day in 2017.
The Dow Jones Industrial Average plunged about 240 points and the S&P 500 dropped 1.2% with financials falling over 2.5%. I think the selloff was due to concerns about Trump’s policies not having the magical effects the markets are counting on. I also think it had a lot to do with Rep. Kevin Brady’s....More>>>
If you want to make big gains in the market, you need to invest in growth. Just consider the gains you could have made during the U.S. consumer boom in the 1950s… From 1950 to 2015, U.S. gross domestic product (GDP) per capita rose 690%, adjusted for inflation. During that time, the S&P 500 soared 11,700% (not including reinvested dividends). Over the course....More>>>
World markets reaction to the unexpected electoral victory of U.S. President-elect Donald Trump was a jarring reminder of the potential for politics to unleash financial turmoil.
And now that investors have largely digested Trumps victory, theyre turning their attention back to political risks in Europe.
With that in mind, Michala Marcussen, global head of economics at Soci茅t茅....More>>>
Precious metals have been beaten down over the last two months, and the silver price has seen the worst of it. Silver is down 11.3% since Nov. 4. That’s slightly worse than gold’s 11.2% decline over the same period.
But that’s only a short-term pullback.
We’re still bullish on silver prices in 2017, and our new silver price prediction shows the white metal....More>>>