The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 0.5% in the group’s seasonally adjusted composite index for the week ending June 29. Mortgage loan rate movements were mixed last week.
This week, I told my Maximum Income readers that I’m optimistic after seeing the earnings reports so far this quarter. There is room for upside in the current stock market, although there are also risks.
I laid out my reasoning for this in detail to my subscribers, but what’s important to know is that all this indicates to me that our focus needs to remain in safety.
Today Money Morning is publishing a list of the five top penny stocks to watch in November. These stocks have all already seen gains over 250% year to date (YTD) and could easily continue their runs this month.
What’s more, the No. 1 penny stock to watch in November has posted YTD gains of nearly 430%…
While we’re excited about the potential gains of these five....More>>>
Penny stocks are known for their low share prices and explosive potential, but it can be tough to find which stocks are worth watching. Today, we’re bring you the top penny stocks to watch this week, plus one of our best stocks to buy right now…
And if you want to see just how profitable penny stocks can be, just look at Primero Mining Corp. (OTCMKTS: PPPMF), which soared....More>>>
Warren Buffett swooped in to rescue General Electric once. Could he do it again?
GE’s demolished stock rose 5% on Tuesday following chatter that the Oracle of Omaha could make an investment in the embattled company he helped stabilize in 2008. GE was on track for its best day in three years.
Neither GE nor Berkshire Hathaway (BRKA), Buffett’s holding company, would....More>>>
&l;p&g;At first blush, you might think I&s;m a little late to the game with my annual &q;New Year&s;s Resolution&q; post. But my delay was actually a stroke of strategic genius. By waiting a few days to publish,&a;nbsp; I was allowing ample time for all of your &l;em&g;original&l;/em&g; goals for 2018 to fail miserably. And look at you now: It&s;s only January 5th, and you&s;re already back on gluten.....More>>>
While last week’s news on retail gasoline prices was mixed, this week’s is solidly negative. A gallon of regular gasoline cost $2.53 Monday morning, up four cents for the week, up nearly a dime in a month and 19 cents more year over year. Last month the national average was $2.44, while the year-ago average was $2.35.
Among the 50 states, 48 experienced gas price increases last....More>>>
With the markets trading near historic levels at the start of 2017, investors are looking for the best investments when the market is high.
The Dow Jones Industrial Average was just 13 points shy of 20,000 last week and climbed more than 13% overall in 2016. These gains have been largely fueled by the “Trump effect,” a positive economic outlook, and the December rate hike....More>>>
Penny stocks are a great opportunity for investors who want to pursue gains without having to invest large amounts of capital. That’s why the Money Morning team is bringing you the three top penny stocks to watch in April 2018.
It’s important to note that while penny stocks can provide investors with significant gains, they are also inherently risky. While there are a few....More>>>
No matter what Nutanix (NASDAQ:NTNX) does, it just can’t seem to win back the favor of the markets. In the aftermath of a strong beat-and-raise quarter that ended a stellar fiscal year for Nutanix, the market shrugged off the stock, keeping it flat at a bargain price of $22.
Despite the market’s bored reaction to the stock, opinions of it are anything but. Like many of its high-growth,....More>>>
Check out the companies making headlines before the bell:
BlackRock The asset management firm reported adjusted quarterly profit of $6.70 per share, beating the consensus estimate of $6.39, with revenue also above forecasts. Profit was up nearly 27 percent from a year earlier, helped by a lower tax rate and an increase in advisory fees.
Delta Air Lines The airline beat estimates....More>>>
SOFIA, Bulgaria The European Union has called on U.S. President Donald Trump's administration to stop threating it with tariffs on steel and aluminum, saying Thursday it is prepared to discuss trade but not at gun-point.
In March, Trump slapped tariffs of 25% on steel imports and 10% on impo
The biopharma and drug supply chain sectors outperformed the market last week, even as Trump administration officials pressed the president's blueprint to lower drug prices, with tough rhetoric for drugmakers and public shaming of pharmaceutical firms for supposedly blocking competition.
Since March 2009, the stock market has been virtually unstoppable. At one point in January 2018, all three major indexes -- the Dow Jones Industrial Average, S&P 500, and Nasdaq-- had essentially quadrupled from their Great Recession lows.