June 19, 2017: Markets opened higher Monday as tech and healthcare stocks carry the day. Th energy, telecom, and utilities lagged on Monday. No significant economic news was released today nor is any expected until Wednesday’s reports on existing homes and crude oil inventories. WTI crude oil for July delivery settled at $44.20 a barrel, down 1.2% for the day. August gold dropped....More>>>
Shares of once hot Snap Inc. (NYSE: SNAP), operator of Snapchat, fell back to $17, its IPO price. Anxiety about user growth and engagement have hurt the company’s ability to bring in advertising and marketing revenue. Snapchat also has several growing competitors, led by Facebook Inc.’s (NASDAQ: FB) Instagram.
Sales at Kroger Co. (NYSE: KR) fell well short of expectations....More>>>
So far, I’ve been a small brick in the “wall of worry” being climbed by Microsoft Corporation (NASDAQ:MSFT) stock. I argued in March, for instance, that Microsoft was worth about $100 billion too much. MSFT stock has gained another 12%-plus since then — and Microsoft has added around $70 billion in incremental value.
Related GOOG This Biometric ID System Allows You To Buy Weed, Booze And Other Controlled Products From A Vending Machine Goldman Compares 'FAAMG' Stocks To High-Flyers Of The Dot-Com Bubble Related GOOGL Here's Why Tech Stocks Fell Today ....More>>>
Today, I (Porter) am going to introduce a new financial term... I've been thinking about this a while... it's a term that describes the modern economy's fondness for central banks, paper money, huge debts, and financial bubbles. I call it the "Escher Economy." &nbs
The Nasdaq trade unwound some on Friday. From the peak Friday morning in the futures of 5,898 the tumble started around 11:00 am, falling to as low as 5,660. That's 238 Nasdaq futures points or 4% - quite a sharp move.
Remember, it seems like an overdone trade (driven by the big tech stocks
How much are you putting away for retirement? And is it enough? On average, Americans participating in defined contribution plans—such as 401(k)s—are socking away only 6.2% of their income every year, according to Vanguard’s “How America Saves 2017” report.