A market bottom is forming, and it will lead to new record highs, Wall Street bull Jeff Saut says
Long-time bull Jeffrey Saut suggests it could be a less chaotic week for investors. According to the Raymond James chief investment strategist, last week’s “minicrash” is not indicative of any fundamental changes in the economy or markets, and there’s evidence...
Talk of a US recession in 2020 is a little premature
Several analysts have come out of the woodwork in the last few weeks predicting not just a U.S. growth slowdown, but the start of a recession in 2020. These calls were amplified after a week of stock market volatility. Bond...
After-hours buzz: ADBE, JBHT & more
Check out the companies making headlines after the bell: Adobe stock rose nearly 6 percent during after-hours trading after it announced its growth strategy on Monday at its analyst meeting. It estimates that its 2019 revenue to grow 20 percent...
Fidelity just made it easier for hedge funds and other pros to invest in cryptocurrencies
Financial services giant Fidelity is taking a huge step into cryptocurrency. The 72-year-old firm announced the launch of a separate company, Fidelity Digital Asset Services, on Monday that will handle cryptocurrency custody and trade execution for institutional investors. “Our goal...
Goldman warns Apple’s earnings could fall short this year on ‘rapidly slowing’ demand in China
Apple earnings results may end up disappointing investors thanks to a marked deterioration in Chinese demand for iPhones, Goldman Sachs told clients. “There are multiple signs of rapidly slowing consumer demand in China which we believe could easily affect Apple’s...
Retail sales edged up amid the biggest drop in spending at restaurants and bars in nearly 2 years
U.S. retail sales barely rose in September as a rebound in motor vehicle purchases was offset by the biggest drop in spending at restaurants and bars in nearly two years. The Commerce Department said on Monday retail sales edged up...
Here’s why one analyst thinks the sell-off could be saved by earnings
The man who called the latest sell-off believes earnings hold the key to saving the year’s historic rally. According to Ned Davis Research’s Ed Clissold, the market is going through a panic reaction due to a change in the Federal...
‘We’re trusting the bounce’: PNC Financial says it’s too early to turn bearish on stocks
PNC Financial’s Amanda Agati isn’t ready to enter the bear camp despite a tumultuous week on Wall Street. Agati, who is the firm’s co-chief investment strategist, believes a strong earnings season will revive the markets and boost confidence among investors....
The last thing we need is yet another streaming video service
I’m calling it — we’re in a streaming service bubble. We’ve hit peak OTT. That’s “over-the-top,” which is weird industry lingo for “online TV service.” This week alone, there’s been news of new online video services from WarnerMedia, Viacom, WalMart,...
Cryptocurrencies suffer $18 billion drop in value over three days
This was a tough week for cryptocurrencies. Bitcoin finally began to stabilize Friday, but not before the total cryptocurrency market lost $18 billion of its already waning value in the course of a few days. The world’s largest and most...
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