Another week, another win, quickly quelling the weakness that started to take shape the week before. The S&P 500 only gained 0.73% for the five-day stretch, and was strained to make that move. The boost driven by encouraging trade news was modest, at best. Still, traders look like they're intent on driving the usual Santa Claus rally that takes shape...
By Mark Hulbert, TheStreet.com Investors with long memories have every right to be afraid of what President Donald Trump’s impeachment could do to the stock market. That’s because impeachment proceedings against Richard Nixon and Bill Clinton were each associated with an equity bear market. In Nixon’s case, the S&P 500 fell 23.7% from the date of the Watergate break-in in...
By Mark Hulbert, TheStreet.com Investors with long memories have every right to be afraid of what President Donald Trump’s impeachment could do to the stock market. That’s because impeachment proceedings against Richard Nixon and Bill Clinton were each associated with an equity bear market. In Nixon’s case, the S&P 500 fell 23.7% from the date of the Watergate break-in in...
By Keris Lahiff, CNBC An unusual divergence is occurring in the energy space. Crude oil prices and energy stocks, often in lockstep, have split apart this year. As crude prices have risen nearly 30% in 2019, the XOP oil & gas exploration and production ETF has fallen 20%. Mark Newton, president of Newton Advisors, says it's too tough to call...
By Keris Lahiff, CNBC An unusual divergence is occurring in the energy space. Crude oil prices and energy stocks, often in lockstep, have split apart this year. As crude prices have risen nearly 30% in 2019, the XOP oil & gas exploration and production ETF has fallen 20%. Mark Newton, president of Newton Advisors, says it's too tough to call...
As quickly as the market was up-ended on Monday, it made a hard turn on Tuesday. By the time the closing bell rang on Friday, a surprisingly strong November jobs report prompted the market back into the black for the week. Stocks got a bullish kicker from renewed hopes that a trade deal with China would end up getting done...
As quickly as the market was up-ended on Monday, it made a hard turn on Tuesday. By the time the closing bell rang on Friday, a surprisingly strong November jobs report prompted the market back into the black for the week. Stocks got a bullish kicker from renewed hopes that a trade deal with China would end up getting done...
By Keris Lahiff, CNBC Nike is sprinting higher. Shares of the footwear brand have surged 6% in the past month, one of the best performers on the Dow Jones Industrial Average. The stock also got a kick on Thursday after Goldman Sachs added it to its Conviction Buy list on confidence that strong China sales can juice earnings. Bill Baruch,...
By Keris Lahiff, CNBC Nike is sprinting higher. Shares of the footwear brand have surged 6% in the past month, one of the best performers on the Dow Jones Industrial Average. The stock also got a kick on Thursday after Goldman Sachs added it to its Conviction Buy list on confidence that strong China sales can juice earnings. Bill Baruch,...
Bingo! Friday's look at last month's payroll growth and hourly pay was truly as good as headlines suggested, if not better. The economy may have a couple of soft spots, but consumer income isn't one of them. Neither is the discretionary spending that goes along with it (though that's another story). The headline numbers: The U.S. economy added 266,000 new...
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