Private equity giant KKR sees ‘significant’ opportunity for ‘outsized’ returns in China amid trade war
Executives at private equity giant KKR recently visited China and came away believing that a powerful investing opportunity awaits, due in significant part to the ongoing trade war. China already has been trying to adapt from an export-based economy to...
Growth stocks rebound after big sell-off, could signal more gains for broader market
Growth stocks have rebounded nicely after a steep three-day decline relative to value shares and this could lead to more gains in the broader stock market, according to data from Bespoke Investment Group. The S&P 500 Growth index is up...
Insurers get a lift as investors cheer Puerto Rico bond settlement
Puerto Rico has come to terms with bondholders on how to divide sales-tax revenue among them, marking the largest debt settlement to date as the island works its way through bankruptcy. Shares of insurers that have exposure to the island’s...
These companies might close, lay off US workers because of Trump’s trade war
The ongoing trade war President Donald Trump has waged against world powers, including some of our closest allies, doesn’t show signs of slowing down. Left in the fray: Companies, American workers and consumers. The list of companies affected, either by...
USD/CAD Canadian Dollar Lower after Flight to Safety from Investors
NAFTA Optimism not Lifting Loonie The Canadian dollar is lower on Thursday awaiting employment data to be released early on Friday. The diplomatic row between Canada and Saudi Arabia continues as both nations are standing their ground. Oil prices have...
Becoming a Better Trader – Trading Breakouts and Pullbacks, Part II
Today, we discussed several types of pullback scenarios, with three main categories – post-breakout, mid-trend, and after a trend reversal for a counter-trend trade. We covered the various aspects to identifying the highest probability set-ups and took a look at...
Here’s why millions of millennials are not interested in being homeowners
Homeownership eludes millions of millennials. A new report by the Urban Institute, a policy research group, tries to explain why. There is a whole host of reasons, including personal preferences and economic disadvantages, that explain why the homeownership rate for...
Top technical analyst says it could be ‘game-over’ for bitcoin
A difficult week for bitcoin investors may get much worse, according to Renaissance Macro Research. The firm’s head of technical research, Jeff deGraaf, said he would recommend betting against bitcoin if the cryptocurrency broke through its key year-to-date support level....
UK GDP Next on the Horizon for the Battered Pound
The UK preliminary GDP data for Q2 are due out on Friday, at 0830 GMT. Projections point to an acceleration in growth, which would be in line with the BoE’s latest forecasts. While a strong print could help the battered...
Your first trade for Thursday, August 9
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Celgene Tim Seymour was a buyer of Alibaba Karen Finerman was a buyer of Foot Locker Guy Adami was a buyer of...