By Annie Pei, CNBC One Bank of America technical strategist is making a bold call on the markets that could have the Street turning heads. On CNBC's "Futures Now" on Tuesday, Stephen Suttmeier revealed that based on past bull markets, the S&P 500 could reach 3,000 by 2019. "We are of the belief that this is a secular bull market...
Despite the weak start, the bulls quickly regrouped beginning on Monday afternoon, quelling the downtrend that tried to get going two weeks ago. Don't get too excited just yet, however. The S&P 500 bumped into a ceiling that the bulls desperately needed to clear, and the NASDAQ Composite failed to move to a new high. In fact, the NASDAQ suspiciously...
Despite the weak start, the bulls quickly regrouped beginning on Monday afternoon, quelling the downtrend that tried to get going two weeks ago. Don't get too excited just yet, however. The S&P 500 bumped into a ceiling that the bulls desperately needed to clear, and the NASDAQ Composite failed to move to a new high. In fact, the NASDAQ suspiciously...
The original and formerly-iconic smartphone company may still have a couple of tricks left in its bag. BlackBerry (BBRY), the Canadian technology company that pioneered the premise of the smartphone with a device of the same name back in 1999 — well before Apple (AAPL) did it with the iPhone in 2007 — has been fighting an uphill battle ever...
The original and formerly-iconic smartphone company may still have a couple of tricks left in its bag. BlackBerry (BBRY), the Canadian technology company that pioneered the premise of the smartphone with a device of the same name back in 1999 — well before Apple (AAPL) did it with the iPhone in 2007 — has been fighting an uphill battle ever...
A little over a month ago, we made the case for trading options on expensive stocks; Tesla (TSLA) served as the poster child. While that wasn't an official trade at the time, another pricy stock has since been the underlying instrument of a very successful trade, underscoring our point being made at the time. Subscribers to our new FANG (Facebook,...
A little over a month ago, we made the case for trading options on expensive stocks; Tesla (TSLA) served as the poster child. While that wasn't an official trade at the time, another pricy stock has since been the underlying instrument of a very successful trade, underscoring our point being made at the time. Subscribers to our new FANG (Facebook,...
In letter to investors, billionaire explains lessons learned; Ackman thinks prior management overpaid for Salix deal By Cynthia Koons and Beth Jinks, Bloomberg Bill Ackman “deeply and profoundly” apologized for his investment in Valeant Pharmaceuticals International Inc., a “huge mistake” that cost his firm $4 billion. In his annual letter to investors in his publicly traded fund Pershing Square Holdings...
In letter to investors, billionaire explains lessons learned; Ackman thinks prior management overpaid for Salix deal By Cynthia Koons and Beth Jinks, Bloomberg Bill Ackman “deeply and profoundly” apologized for his investment in Valeant Pharmaceuticals International Inc., a “huge mistake” that cost his firm $4 billion. In his annual letter to investors in his publicly traded fund Pershing Square Holdings...
With nothing more than a quick glance, it looks like the broad market is pushing and pulling on all stocks (of all sizes, in all sectors) equally, struggling to fully rekindle the rally that carried them so much higher since early November. Take a closer look though. As it turns out, there are some clear hot spots and cold spots,...
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