With the Nasdaq breaching the 7,000 barrier one can safely say that this was a year when tech stocks really came into their own. To put things in perspective, the Technology Select Sector SPDR is up nearly 35% year to date, easily outperforming its closest peers by nearly 15%. Most of the recent equity market…
The news of the rise in price of cryptocurrencies has been ubiquitous during the last couple weeks, with Bitcoin being the most popular. In simple terms, cryptocurrency is a digital currency which can be exchanged and traded as each transaction is encrypted and then verified independently of any centralized system or bank. Due to of…
Top tickers for midday: INTC, AAPL, JD, BB, BAC and MSFT.
The broad U.S. stock market has been scaling new highs with the S&P 500 and the Dow Jones registering their best year since 2013. Notably, the Dow logged its 70th record close of the year, the highest-ever number of record closes in a calendar year, while the Nasdaq broke the 7,000 level. Optimism over tax…
Shares of Altria Group (MO) are on the rise after Berenberg analyst Jonathan Leinster upgraded the stock to Buy, citing the proposed tax changes under the new Republican bill that he expects to be approved soon. Additionally, the analyst also argued that recent regulatory fears seem to be overblown. BUY ALTRIA GROUP: In a research…
Shares of Carnival Corp. (CCL) were on the rise in the premarket after the company posted robust fourth quarter earnings. The company announced adjusted earnings of 63 cents per share on $4.26 billion in revenues while analyst were looking for 51 cents per share on $4.15 billion in revenue. This is great news for investors…
The Current Account Deficit shrank dramatically in the 3rd quarter. Hurricanes account for over 100% of the improvement. The Current Account is defined as the sum of the balance of trade (goods and services exports less imports), net income from abroad and net current transfers. It is called the current account because goods and services are generally…
Carnival Corporation (CCL – Free Report) operates as a cruise and vacation company. Notably, Carnival’s cruise ships offer various itineraries to passengers under leading cruise brands through its four primary segments — North America cruise brands, EAA cruise brands, Cruise Support and Tour and Other. Carnival has adopted a strategy to grow beyond its familiar itineraries and…
Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia – Aramaco – would be on the IPO block in just a few years. However, with oil stuck firmly in the $50 range, things for the Saudi economy…
The classic criticism against the gold standard is that it was too costly. Why are these guys wasting resources to suit up, dig into mountains, desperately seeking a finite resource, and slogging the results all the way to Treasury Department? There is a reason that Bitcoin is being called Digital Gold. This is all just…
