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Today 11:46 GMT

Hobbs is providing our call of the day, which offers an alternative for investors sick to the teeth of tracking market ups and downs, and all matter of political headlines.

For Hobbs, the planet’s most precious resource is humans and what they can create, with, for example, more Chinese students headed for higher education and innovation patent applications taking off. Of course, it’s not so easy to pick those innovative stocks, but you can pick the companies and sectors that are likely to adapt quickly to new innovation, he says.

1 Article

Source: Common Domain

Brexit breakdown could be bullish for U.S. stocks

Today 08:05 GMT

That’s encouraging, since the extreme pessimism in the wake of that vote provided a textbook illustration of a contrarian buy signal for U.S. stocks.

The HSNSI currently stands at minus 21.2%, which means that the average timer focusing on the broad U.S. stock market is recommending that more than a fifth of their trading portfolios be allocated to going short. The HNNSI is even lower at minus 55.4%, indicating that — on average — half of these Nasdaq-oriented timers’ trading portfolios are currently short the market.

2 Articles

Source: CBS News

Stocks drop further after their worst week in half a year

Tuesday 17:17 GMT

U.S. stocks fell Monday after a sharp drop last week, with battered banks, health care stocks and energy companies dragging down the major stock indexes deeper into negative territory for the year.

Brexit drama buffeted European markets, as U.K. Prime Minister Theresa May canceled a long-awaited Parliamentary vote on a deal for the U.K. to exit the European Union.

1 Article

Source: Common Domain

Wall Street in for a struggle to shake off last week’s losses as stock futures fall

Tuesday 06:59 GMT

U.S. stock futures were under pressure to start the week on Monday, as last week’s losses return to haunt markets and with concerns over trade and global growth back on the menu.

In choppy action, Dow Jones Industrial Average futures YMZ8, -0.29% fell 120 points, or 0.5%, to 24,312, while S&P 500 futures ESZ8, -0.32% fell 13.75 points, or 0.5%, to 2,622.50. U.S. stock futures were under pressure to start the week on Monday, as last week’s losses return to haunt markets and with concerns over trade and global growth back on the menu.

1 Article

Source: Fox News

Stock futures point to more losses to start the week

Tuesday 09:54 GMT

The Dow Jones Industrial Average finished the final day of the week down 558 points or over 2 percent, curbing losses that were well over 600 points intraday.

Equity investors rocked by days of volatility are saying good riddance to the week on Friday in what was another stomach-churning session. The month of December is now off to its worst start since 2008, as tracked by our partners at Dow Jones Market Data Group.

1 Article

Source: Common Domain

Aurora Cannabis stock gains after company unveils plan to buy Mexican partner

Tuesday 15:26 GMT

Just days after Aurora Cannabis Inc. announced a supply deal with Mexico’s Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy all of the company’s outstanding shares in an all-stock deal.

Read more: Cronos CEO: $1.8 billion from Big Tobacco is just a beginning for cannabis industry. Read now: Marijuana producer Aphria’s stock rebounds after second short-seller report. Cormark Securities upgraded Cronos to buy from market perform on Monday and raised its stock price target to $17 from $10, or about 42% above its current trading level.

1 Article

Source: Common Domain

Why today’s stock market investors are the most entitled people in the world

Tuesday 15:26 GMT

Not satisfied with average annual gains of 18% over the past nine years, investors in the stock market have been throwing a bit of a tantrum, demanding that the Federal Reserve put an end to the interest-rate increases that could threaten to end this once-in-a-generation bull market.

In other words, investors are demanding that the Fed stop pretending that its primary duty is to achieve stable prices and maximum employment, and instead recognize that its real job is to do whatever is good for the market and the wealthy 5% of Americans who own it.

1 Article

Source: Common Domain

A Chipotle Bull Sees Good News for the Stock as Marketing Costs Increase

Tuesday 17:17 GMT

Chipotle Mexican Grill ’s (CMG) efforts to reestablish the brand in the minds of consumers should help the company’s bottom line, a Chipotle bull wrote Sunday.

For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

1 Article

Source: Common Domain

Facebook Is the Top Pick Among Large Internet Stocks, Analyst Says

Tuesday 17:17 GMT

Facebook stock climbed Monday after a Deutsche Bank report called the social networking company the top large internet stock with an “extremely attractive” valuation.

“We continue to view Facebook as the best risk/reward in large cap internet given the potential for core Facebook engagement to stabilize, for monetization in the Stories format to drive a potential re-acceleration in growth in mid-2019, for the negative news cycle to abate and given the extremely attractive current valuation,” Deutsche Bank analyst Lloyd Walmsley said in a note that reiterated a Buy recommendation on the stock.

1 Article

Source: Common Domain

FTSE 100 dragged lower as U.K.’s May delays Brexit vote

Tuesday 17:17 GMT

In a session that saw the index flip between gains and losses, the U.K.’s FTSE 100 UKX, -0.83% ended the day down 0.8% at 6,721.54, after closing down 2.9% at the end of the week on Friday.

London markets were turbulent on Monday, with stocks ending a choppy session in negative territory after U.K. Prime Minister Theresa May delayed indefinitely a parliamentary vote on proposed Brexit plan. In a session that saw the index flip between gains and losses, the U.K.’s FTSE 100 UKX, -0.83% ended the day down 0.8% at 6,721.54, after closing down 2.9% at the end of the week on Friday.

1 Article

Source: CBS News

"Fearless Girl" statue has new home at New York Stock Exchange

Tuesday 20:02 GMT

The "Fearless Girl" statue that inspired millions with a message of female empowerment was installed Monday at her new home in front of the New York Stock Exchange. "Welcome to the neighborhood, 'Fearless Girl,'" said Betty Liu, executive vice chairman of the stock exchange.

State Street CEO Cyrus Taraporevala, who rang the stock exchange's opening bell Monday, said 301 companies that State Street identified as having no women on their boards have added at least one since "Fearless Girl" made her debut in March 2017.

1 Article

Source: Common Domain

Dow roars back from 500-point decline as stocks close higher

Tuesday 20:02 GMT

Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering worries over the U.S.-China trade dispute.

The S&P 500 closed 1.9% above its intraday low, its biggest such bounce since Feb. 6; the Dow closed 2.1% above its session low for its biggest intraday, upside reversal since April 4, according to Dow Jones Market Data.

1 Article

Source: Common Domain

Here’s what smart rich people really do with their nest egg

Monday 19:06 GMT

My business partner Scott Puritz, has found the one area where even above-average people, objectively smart, rich, successful professionals, seem to wave the white flag and admit to not understanding — money and investing.

After a while, you will make peace with the process and grow to accept that an even keel makes for smooth sailing, no matter which ways the market winds blow.

1 Article

Source: Common Domain

Generic drug stocks slammed by report of expanded price-fixing probe

Tuesday 17:17 GMT

Shares of generic drug makers fell sharply Monday, after a Washington Post report that an antitrust lawsuit brought by states over two drugs in 2016 has expanded into a major probe of alleged price-fixing across the industry.

Generic drug makers refuted the allegations and said investigators have failed to prove anti-competitive behavior, the paper reported. But two former executives of one company, Heritage Pharmaceuticals, have pleaded guilty to federal criminal charges and are cooperating with the Justice Department in a parallel criminal case, said the report.

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