Fearful investors are running from chip stocks. All after Broadcom (AVGO) missed revenue expectations and lowered guidance for 2019. Revenue for the second quarter came in at $5.52 billion, as compared to expectations for $5.6 billion. The chipmaker also now expects $22.6 billion in revenue for the year, which is well below expectations for $24.31…
DetailsOriginal Article. As low mortgage rates bolster demand and the economy remains supportive, homebuilder stocks are now the preferred proxy for housing market demand for analysts at Wedbush, according to a note published Thursday. To read more on this developing story, click here.
DetailsOriginal Article. Economists expect the Fed to try to back away gracefully from that stance with a new pledge to cut interest rates, if warranted. Over the last few weeks, escalating trade tensions and a sense that the economy is on a slowing trend have led the market to price in over two cuts this…
DetailsMexico and the U.S. averted tariffs in June 2019. All after the two countries struck a deal on immigration. Once Mexico agreed to ramp up its efforts to restrict the flow of illegal immigrants across the southern border with 6,000 National Guard troops, Trump agreed to drop threats of a 5% tariff. In addition, Mexico…
DetailsThe veggie burger boom is upon us. Beyond Meat (BYND) has exploded out of the gate with the best IPO of 2019. In fact, since May 2019, the stock has run from $45 a share to more than $167. However, this may just be the start of a much bigger run. Analysts at Bernstein for…
DetailsHere are some of the top investing stories you may have missed. Two Cannabis Stocks that Could Move to a Major Exchange in 2019 An estimated 64 million Americans have tried some form of CBD in the last 24 months, with nearly one out of seven using the compound every day, according to a Consumer…
DetailsOriginal Post. Gold was headed for its first losing session in nine on Monday, tumbling as encouraging global trade headlines drove investors away from the metal and into perceived riskier assets such as stocks, while the dollar gained. To read more on this developing story, click here.
DetailsOriginal Post. Markets are pretty confident that central banks are about to enter a period of easing up on interest rates. When the US jobs report came in well below expectations on Friday, stocks moved higher. The reason? It could clear the way for the Federal Reserve to start cutting interest rates. Mark Cabana, rates strategist at Bank of…
DetailsThe cannabis story has taken on a life of its own. In 2018, Canada legalized its recreational use. Corporate America began investing in major cannabis companies. More U.S. states approved its recreational or medicinal use. The U.S. FDA approved its very first cannabis-derived drug. On top of that, an estimated 64 million Americans have tried…
DetailsShortly after new U.S. tariffs were announced in May 2019, the S&P 500 lost $1.2 trillion. Shortly after that, China retaliated, announcing tariffs on $60 billion worth of U.S. goods, making the situation so much more “fun” that it already was. Worse, according to analysts at the time, “Our view is this could escalate for…
DetailsMarkets pulled back sharply earlier this week. And it wasn’t just because of the trade war. This time, falling knives in big tech forced the NASDAQ into correction territory. All thanks to antitrust regulator’s plans that could lead to broader oversight on Facebook, Google, and Amazon. Amazon.com (AMZN) Shares of Amazon were down $81.50, or…
DetailsOriginal Post. The next 5 days will be extremely busy: Trump in the UK, Xi in Russia, the US jobs report on Friday, the ECB on Thursday. Of course, with markets buffeted by renewed fears over a global trade war and growing fears of a recession, it’s hard to see that as being anything but…
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