Market News
America's Reluctance To Tax Wealth Has Its Roots In Slavery
Forbes - 18 Nov 2019 17:22
America's reticence to tax wealth can be traced back to the gruesome days of slavery, when human beings were kidnapped then bought and sold as property.
U.S. Treasurys Rally on Trade Concerns
Wall Street Journal - 18 Nov 2019 18:49
U.S. government bonds strengthened, pushing the yield on the 10-year note down to around 1.80%, after a news report suggested that China was pessimistic about a trade deal with the U.S.
Drug Approvals, Upbeat Earnings Help Vertex Pharmaceuticals' Stock Jump 20% In A Month
Forbes - 18 Nov 2019 17:00
Vertex Pharmaceuticals (NASDAQ: VRTX) is an American biopharmaceutical company mainly focused on developing and commercializing therapies for the treatment of cystic fibrosis. Vertex has seen its stock price rise 15% ove...
An Overpriced IPO Won't Help Aramco
Wall Street Journal - 18 Nov 2019 16:51
By insisting on a high starting price for the Saudi oil giant, Crown Prince Mohammed bin Salman risks hitting local individual investors.
Why Luxury Giants Keep Popping the Question
Wall Street Journal - 18 Nov 2019 13:21
Good things rarely come in small packages anymore in the luxury goods industry. The new advantages of scale mean investors can expect more takeover approaches like LVMH's recent $14.5 billion bid for Tiffany.
Investors Parse Mixed Signals Ahead of Retail Earnings
Wall Street Journal - 18 Nov 2019 23:24
Retail earnings are in the spotlight this week, and some analysts are confident that they will exceed expectations--adding to what's already been a strong year for the sector.
Ford's New Mustang Drags on the Street
Wall Street Journal - 18 Nov 2019 23:19
Mustang purists aren't very happy about their beloved pony car becoming an SUV, and an electric one at that. Investors don't seem all that impressed, either.
These Dividend Stocks Are Crumbling Beneath The Surface
Forbes - 18 Nov 2019 22:40
Big brand names can't rely on their past "glory days" forever.
AmEx Is Paying Up to Get Businesses to Accept Its Cards
Wall Street Journal - 18 Nov 2019 22:33
American Express is offering bonuses ranging from less than $10,000 to about $450,000 to businesses that start taking its cards, an effort to catch up with rivals Visa and Mastercard.
Natural-Gas Prices Fall on Milder Weather
Wall Street Journal - 18 Nov 2019 21:58
Natural-gas futures tumbled 3.3% to $2.599 per million British thermal units amid predictions of moderating temperatures next week, after a frigid start to November drove prices up earlier this month.
Not Only Is Kylie Jenner Richer Than You, She's A Better Trader Too
Forbes - 18 Nov 2019 21:33
Every time Kylie Jenner makes a splash in financial markets there's a predictable outpouring of cynicism and judgment by people who think her wealth was inherited or fortune undeserved.
Declining Rig Counts Point To Higher Energy Prices And A Headwind For The U.S. Economy
Forbes - 18 Nov 2019 20:27
Even companies that aren't obvious users of hydrocarbons--data center companies, for instance--benefit from the low price for natgas, which serves as a benchmark for electricity pricing in most of the country.
Will Hyperloop Prediction Be Hyper Wrong?
Wall Street Journal - 18 Nov 2019 19:37
A Boeing executive's estimate of the viability of the Hyperloop may go down as famously incorrect.
Activision Blizzard's Revenue To See Double-Digit Decline In 2019?
Forbes - 18 Nov 2019 18:30
Activision Blizzard's (NASDAQ: ATVI) revenue growth will likely see a decline in the low teens in 2019, as compared to an average growth in the mid-single-digits seen between 2016-2018. This can primarily be attributed t...
Explaining The Decline In Expedia's Q3 Profits
Forbes - 18 Nov 2019 18:00
Expedia's (NASDAQ: EXPE) adjusted profits fell 7% year-over-year due to the following reasons: - incremental weakness in SEO volumes, due to headwinds from Google's search engine practices in favor of its own Google Flig...
5 Stocks With January Bounce-Back Potential
Forbes - 18 Nov 2019 17:44
These five stocks should benefit from the "January bounce" that often buoys up the previous year's losers.
Explaining The 25% Rally In Zebra Technologies' Stock And What To Expect Going Forward
Forbes - 18 Nov 2019 17:30
Zebra Technologies Corporation (NASDAQ: ZBRA), a company that manufactures and sells AIDC (Automatic Identification and Data Capture) products, including: mobile computers, barcode scanners, RFID (radio frequency identif...
This Invisible Tech Stock Threatens Amazon with 800,000+ Online Stores
Forbes - 18 Nov 2019 17:14
More and more companies are dumping not only retail stores but also Amazon to sell their products online. And there's an invisible tech giant driving this trend.
More Records Shattered: Stocks Start Week At Record Highs With More Retail Earnings Next
Forbes - 18 Nov 2019 16:43
The markets are starting the week at record highs and there's more positive talk about trade negotiations. However, it looks like today might feature a dull kind of trading as many await retail earnings and Fed minutes d...
Why Has WellCare's Stock Gained 15% Over The Last Month?
Forbes - 18 Nov 2019 16:30
WellCare Health Plans, Inc. (NYSE: WCG) is a leading managed care company that provides government-sponsored managed care services to families, children, seniors and individuals with complex medical needs. Wellcare has s...
The Good and Bad: Zumiez Inc. and KVH Industries
Forbes - 18 Nov 2019 16:00
See two of the featured stocks from this month's model portfolios.
Earnings Distortion Scorecard Reveals You Should Avoid Jacobs Engineering
Forbes - 18 Nov 2019 16:00
Overstated earnings, combined with its expensive valuation, make this stock more likely to miss earnings expectations in the short-term and underperform the market in the long-term.