The blending of our physical and digital worlds is a defining characteristic of the 21st century. As the internet and new computing breakthroughs make tens of billions of formerly “things” we use daily smart, technology will affect nearly every aspect of our lives.
Day: January 3, 2017
Why Sears Holdings Stock Plunged 27.9% in December
It was just the latest bad month for Sears, as the company’s turnaround efforts over the past decade have been consistently futile. Indeed, Sears Holdings stock has plunged from a peak near $200 in 2007 to single-digit territory.
Why Depomed Inc. Stock Spiked Today
The catalyst behind the opioid drugmaker’s surge northward was a story in the New York Post over the weekend stating that the private equity firm KKR& Co. The activist hedgefund Starboard Value has been attempting to get Depomed to entertain buyout offers for awhile now, only to have management balk at the idea.
Wall St Pares Some Gains as Oil Rally Loses Steam
Wall Street was higher on Tuesday as a post-election rally extended into the new year, but stocks pared some of their early gains after oil prices eased from an 18-month high. Oil prices were up 0.24 percent at $57.06 after touching a high of $58.37 as investors keep a close watch on whether major producers keep their promise of limiting output.
Oil Turns Negative on Strong Dollar After Hitting 18-month Highs
Oil prices turned negative after earlier hitting 18-month highs on Tuesday, the first trading day of 2017, as the U.S. dollar rallied to its highest since 2002. Traders said crude prices were buoyed earlier in the day by hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.
Mining Stocks: What to Watch in 2017
Up until early 2016, the big story is mining was about falling commodity prices. With many commodities starting to head higher at the start of 2016, though, investors have pushed the stock prices of companieslike Teck Resources , which mine for things like iron ore, gold, copper, and metallurgical coal, higher.
Mexico’s peso weakens after Ford says cancelling Mexican plant
Mexico’s peso slipped on Tuesday after Ford said it will cancel a planned $1.6 billion factory in Mexico’s central state of San Luis Potosi.
Heres My Favorite Stock for 2017
My favorite stock for 2017 and beyond that would be a great choice for long-term investors who want growth potential with relatively good stability is entertainment powerhouse Walt Disney Disney’s business performance was magical in fiscal year 2016, ended Oct. 1, with year-over-year revenue increasing 6%, adjusted earnings per share growing 11%, cash provided by operations jumping 21%, and free cash flow soaring 27%. Moreover, these numbers understate the company’s performance because there was one less week in the fiscal year than in the year-ago period.
Here’s Why Inotek Pharmaceuticals Corp. Is Being Obliterated
Shares are collapsing in early-morning trading on Tuesday, falling more than 68% as of 10:05 a.m EST after the company reported results from a phase 3 study that failed to meet its primary endpoint. announced top-line results of its MATrX-1 trial on Tuesday.
Forget NVIDIA Corporation: Here Are 2 Better Dividend Stocks
Just as with people, there’s no such thing as the perfect stock. As just one prominent example, investors griped that tech giant Apple didn’t pay a dividend in the early years of this decade.
Ford Cancels $1.6 Billion Mexican Plant After Trump Criticism
All-new Ford 2015 F-150 pickup trucks move down the final inspection line at the Ford Rouge Center in Dearborn, Michigan, November 11, 2014.
Ford Cancels $1.6 Billion Mexican Plant After Trump Criticism
All-new Ford 2015 F-150 pickup trucks move down the final inspection line at the Ford Rouge Center in Dearborn, Michigan, November 11, 2014.
Fiat Chrysler Automobiles’ Electric Minivan: A Huge Missed Opportunity
FCA’sChrysler Portal concept is a futuristic take on a vehicle for families, but it’s just for show. FCA has no plans to build it.
Fiat Chrysler Automobiles’ Electric Minivan: A Huge Missed Opportunity
FCA’sChrysler Portal concept is a futuristic take on a vehicle for families, but it’s just for show. FCA has no plans to build it.
Dollar back on trend, hits two-week high vs. yen
The U.S. dollar racked up its biggest rise in more than two weeks in 2017’s first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback close to December’s long-term highs. One of January’s big question-marks, China’s yuan, was proving more stable in its more freely traded offshore markets, a bullish survey of manufacturing purchasing managers helping it 0.1 percent higher and also supporting the Australian dollar.
Dollar back on trend, hits two-week high vs. yen
The U.S. dollar racked up its biggest rise in more than two weeks in 2017’s first full day of European trading on Tuesday, as dealers and investors in London returned to push the greenback close to December’s long-term highs. One of January’s big question-marks, China’s yuan, was proving more stable in its more freely traded offshore markets, a bullish survey of manufacturing purchasing managers helping it 0.1 percent higher and also supporting the Australian dollar.
The reasons we don’t study gun violence the same way we study infections
Three decades ago, a pair of researchers wrote in one of the country’s leading medical journals about a common cause of death and injury in the United States that received very little federal funding. “A thorough review of research awards for 1983 failed to identify a single research project on the topic of firearm injuries,” the authors wrote after scouring a database of the research funded by the National Institutes of Health.
The reasons we don’t study gun violence the same way we study infections
Three decades ago, a pair of researchers wrote in one of the country’s leading medical journals about a common cause of death and injury in the United States that received very little federal funding. “A thorough review of research awards for 1983 failed to identify a single research project on the topic of firearm injuries,” the authors wrote after scouring a database of the research funded by the National Institutes of Health.
Did the Trump Rally Move Value Stocks and Small Caps Too Far Too Fast?
Recent market movements offer possible evidence of a major, long-term trend change favoring value stocks. Prior to 2016, for a number of years growth stocks outperformed value stocks.
Better Buy: Altria Group Inc vs. Verizon Communications Inc.
Let’s not beat around the bush: on the surface, this seems like a very odd pairing. Usually, in these “Better Buy” articles, we pit two companies against each other that are in the same field.
Why InvenSense, Inc. Stock Skyrocketed 67.4% in December
First, InvenSense stock rose almost 30% in a single day on Dec. 9, 2016, as Reuters reported that TDK had offered $12 per share to purchase the smaller company. That offer would have reflected a 45% premium to InvenSense’s opening price that day, but still only 3% above its 52-week high set around the same time a year earlier.
Turkmenistan halts gas exports to Iran
The energy-rich Central Asian nation of Turkmenistan has suspended shipments of natural gas to Iran, which it says has not paid for deliveries since 2013. Turkmenistan’s Foreign Ministry said in a statement Tuesday that Iran’s failure to make payments in a timely fashion hindered Turkmenistan’s ability to operate its gas transportation infrastructure.
Trump Threatens ‘Big Border Tax’ on GM Over Chevy Cruze Production
President-elect Donald Trump took aim at General Motors Co. on Tuesday, saying the company needs to be taxed for certain versions of the Chevrolet Cruze small car that it imports from Mexico to U.S. dealers.
Trump names lawyer Lighthizer as top trade rep
President-elect Donald Trump announced Tuesday he will nominate lawyer Robert Lighthizer as U.S. trade representative, picking an experienced trade official who has questioned the conservative movement’s commitment to free trade. Lighthizer, who served as deputy USTR under President Ronald Reagan, would play a key role in Trump’s trade agenda.
Trump’s latest US corporate Twitter target: General Motors
In another tweet targeting a U.S. company, President-elect Donald Trump is threatening to slap a tax on General Motors for importing compact cars to the U.S. from Mexico. Trump tweeted early Tuesday that GM is sending Mexican-made Cruzes to the U.S. tax-free.
Is It Too Late to Buy Exelixis Stock?
The stock’s 2016 performance made it one of the best-performing biotech stocks of the year. That’s great news for investors who jumped aboard the fast-moving Exelixis train early.
Better Buy: Berkshire Hathaway vs. GE
However, Berkshire has soared 22% in 2016, and thus, is naturally less attractive than it was at this time last year. With that in mind, let’s take a look at Berkshire as compared to another stock I have my eye on right now, General Electric Aside from having Warren Buffett, the greatest long-term investor of all time, at the helm, there are plenty of good reasons to like Berkshire over the long run, no matter who is at the CEO’s desk.
The 2 Main Changes to IRAs in 2017
There aren’t a huge number of changes to IRAs in 2017 that will affect most retirement savers. 2017 will see the same maximum contribution of $5,500 for those who are under age 50, while an additional $1,000 catch-up contribution will bring the total maximum to $6,500 for those who are 50 or older.
China freight train in first trip to Barking
China has launched a direct rail freight service to London, as part of its drive to develop trade and investment ties with Europe. The train will take 18 days to cover the 12,000 mile journey and is carrying a cargo of clothes, bags and other household items.
Analysts’ Actions — Medtronic, Nokia, Paccar, Verizon and More
AmerisourceBergen was upgraded to buy at TheStreet Ratings. You can view the full analysis from the report here: ABC .
How to Save for Retirement in Your 40s
Many people wait until later in life to start saving for retirement. It gets complicated with kids and aging parents, but Gen X can find a winning strategy.
Stock Futures Rise Ahead of First Trading Day of 2017
S&P 500 futures were up 0.83%, Dow Jones Industrial Average futures gained 0.79%, and Nasdaq futures rose 0.86%. U.S. markets followed Asian markets higher after Chinese manufacturing activity expanded for the sixth consecutive month.
Starbucks Could Have a Mind-Blowing 50,000 Restaurants in Our Lifetime
One Wall Street analyst definitely doesn’t think there is already a Starbucks on every street corner in the world. “Well beyond 2021, we would not be surprised to see Starbucks exceed the 50,000-store level,” wrote Nomura analyst Mark Kalinowski in a note on Tuesday.
You’ll Never Believe McDonald’s Newest Sandwich
Certain McDonald’s restaurants in Florida started serving Monday chicken McGriddles as part of the chain’s all-day breakfast menu. The sandwich will give people a taste of the always popular chicken and waffles — the McGriddle’s bread is made with syrup and the fried chicken is well, fried chicken.
Germany’s Deutsche Bank Gets Bailout Roadmap From Tiny Italian Lender
The Italian lender Monte dei Paschi looks set to get a 6.6 billion-euro bailout from the government. A pair of analysts warn that Deutsche Bank might go down that road.
Why Whirlpool Could Have More Upside
In October, when Whirlpool stock was stuck in the $160s, I thought it could get to $180 . Now that it’s there, now what? Whirlpool was never a revenue growth story.
McDonald’s Stock May Dip Further
In early December, McDonald’s began the second leg of its powerful post-election rally. Just prior to bottoming on Dec. 2, the stock traced out a healthy pullback after surging more than 10% from the November low.
An End-of-Year Technical Review of the S&P 500
The beginning of the New Year is a good point to look back and review market action using the monthly and weekly charts to identify long-term and intermediate-term trends and to look at daily charts for the short-term trends. A series of lower shadow or hammer-like candles formed on the monthly chart of the S&P 500 chart, which defined the bottom of an 18-month horizontal channel consolidation.
S&P 500 Is Pulling Back to Support, Offering a Buying Opportunity
Now that the index is approaching the 2179 to 2212 zone, keep a close eye out for price action purchase signals to get long and re-join the uptrend. We are still looking to buy this market from support/value on pullbacks, and now that it is approaching the 2179 to 2212 support zone, we will keep a close eye out for price action buy signals to get long and re-join the uptrend.
My Best Idea for 2017: Navios Maritime Holdings
My best idea for 2017 is the same — or quite similar — to the security featured as my Real Money Best Idea for 11 months of 2016 — Navios Maritime Holdings Navios closed Dec. 21, 2015, at $1.28. NM shares closed Dec. 16, 2016, at $1.28.