It was only fitting that the quarter should close in dramatic fashion for U.S. equities – fortunately for anyone who was ready to leap off a bridge after this week’s FANG turmoil, Thursday’s drama was of the “green” variety. Stocks surged to close the holiday-shortened week, helped along by White House spokeswoman Lindsay Walters who insisted…
Top tickers for end of day: FB, AAPL, BAC.
Starbucks (SBUX ) is not participating in Thursday’s rally after an analyst at Wedbush lowered his rating on the stock to Neutral from Outperform. In a research note, Wedbush analyst Nick Setyan downgraded shares of the coffee retailer to Neutral from Outperform, saying he sees acceleration slowing this year, with risks increasing in 2019. While…
The Nikkei recovered 0.6% but the currency probably found more conversation than stocks after it traded back to a 107 handle before climbing again in US trading hours. The encouraging news of talks between China and North Korea was met, understandably, with a very positive response around the globe. Tech stocks had been beaten enough…
Why are bond yields falling again? There are, as always, a few reasons mostly related to perceived risks (with liquidity always right at the top, at least since August 2007). Those were more easily set aside, or at least more gently reconsidered, when inflation hysteria raged across the internet. But after talking about it for…
Are we in for another Bitcoin bubble once the dust settles around regulatory concerns? Video Length: 00:09:43
As equity market volatility has picked up, the American Association of Individual Investors’ weekly poll of sentiment has deteriorated. Back in early January, bears were the second-lowest share of responses in the past decade. Since then, however, they’ve seen their share of the poll tick up by about 13 percentage points. While not at a very high…
Advanced Drainage Systems Inc. (NYSE: WMS) trades at an EBITDA multiple of 14.4x, which is higher than the Industrials sector median of 11.3x. While this makes WMS appear like a stock to avoid or sell if you own it, you might change your mind after gaining a better understanding of the assumptions behind the EV/EBITDA ratio….
Asian economies have begun the year with continued solid – and in some cases robust –performance. Yet the major Asian stock markets have diverged, with some significantly outperforming and others underperforming. In this note we focus on Japan, China, and India. As this note was written, President Trump announced his administration’s intention to impose tariffs…
Here it is the end of March, and Apple (AAPL) is already closing in on my 2018 target of $200. Indeed, with a market capitalization today of $930 billion, Apple is on the verge of becoming the world’s first $1 trillion publicly traded company. And here’s the really great thing about this year for Apple…
