By Annie Pei, CNBC The U.S. dollar surged to its highest level in years in 2016, but Todd Gordon of TradingAnalysis.com believes the greenback rally could be on its last legs. "The dollar's had an amazing run to the top side on the back of the Fed beginning to normalize interest rates," Gordon said Monday on CNBC's "Trading Nation." "But...
Warren Buffett, Coke’s largest shareholder, may disagree with analysts’ takes By Tomi Kilgore, MarketWatch It’s time to sell the stocks of Coca-Cola Co. and Procter & Gamble Co., according to analysts at Goldman Sachs Group Inc., who turned bearish on the blue-chip consumer staples companies after being neutral on them for over three years. Goldman analyst Judy Hong downgraded Coke...
Though the market ended 2016 on a bearish foot — skipping the Santa Claus rally altogether — the bulls were firmly in charge as 2017 got rolling. The S&P 500 gained 1.7% last week, and that was only a four-day week. The index also tiptoed into record-high territory, with last week's close of 2276.98 being a record-high close as well....
On Friday, the Department of Labor posted the highly-anticipated employment report for December. It was… not bad. The unemployment rate edged a little higher, to 4.7% (from 4.6%), but only because a great number of people poured into the workforce last month. The number of people who are employed moved higher, to 145.3 million; the DOL says we added 156,000...
Gold miners and biotech stocks could continue seeing big swings in the new year By Ryan Vlastelica, MarketWatch Investors in two of 2016’s wildest sectors won’t be getting a break from big swings in the new year. Exchange-traded funds that track gold miners and biotechnology stocks, both of which saw massive daily moves last year, will remain “among the most...
Gold miners and biotech stocks could continue seeing big swings in the new year By Ryan Vlastelica, MarketWatch Investors in two of 2016’s wildest sectors won’t be getting a break from big swings in the new year. Exchange-traded funds that track gold miners and biotechnology stocks, both of which saw massive daily moves last year, will remain “among the most...
Traders focus on Fed officials’ “considerable uncertainty” over economic impact of Trump’s fiscal spending plans By Sara Sjolin, MarketWatch Gold futures rose for a third straight day on Thursday as the dollar continued to slide after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of interest rate rises. Gold for February delivery gained $8.20, or...
Traders focus on Fed officials’ “considerable uncertainty” over economic impact of Trump’s fiscal spending plans By Sara Sjolin, MarketWatch Gold futures rose for a third straight day on Thursday as the dollar continued to slide after minutes from the Federal Reserve’s December meeting unsettled investors’ expectations about the pace of interest rate rises. Gold for February delivery gained $8.20, or...
Morgan Stanley warns of a “more uncertain and volatile outlook” after Jan. 20. By Julie Verhage, Bloomberg Investors have greeted Donald Trump’s surprise win with the biggest stock market rally for any new U.S. president. Morgan Stanley is cautioning, however, that his coming inauguration may mark an end to these post-election good times. The S&P 500 Index jumped 1 percent...
"I think we've got obviously a very positive new administration coming in. There's a lot of skepticism like your other guests here , who basically believed in the market but now believe we're going to stall out here and that Trump can't deliver. But remember, he's got a Republican congress that can help change a lot of things that can...
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