Stocks may have brushed up against record highs Monday. However, a looming threat is just a couple weeks away once profit reports from the second quarter hit. Analysts have been taking a dimmer view of what is ahead for earnings. They’ve already forecast a decline for the first three quarters of 2019. Now companies are
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Gas prices over $4.00 a gallon are displayed at a gas station on May 24, 2019 in Mill Valley, California. Justin Sullivan | Getty Images California’s already-high gas prices jumped up again on July 1, with a new 5.6 cents per gallon gasoline tax hike. The increase brings the average price per gallon in California
Traders work the floor of the NYSE. Brendan McDermid | Reuters A truce in the U.S.-China trade war has sparked a relief rally across risk assets, but these stocks are really cheering. The biggest winners from the ceasefire are chipmakers. Semiconductors not only benefited from the agreement between President Donald Trump and Chinese President Xi
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgraded Procter & Gamble to ‘buy’ from ‘neutral’ Goldman Sachs upgraded the stock on expectations of stronger margins and profit growth. “This past year has marked
Traders work at the Coty booth on the floor of the New York Stock Exchange. Jin Lee | Bloomberg | Getty Images Beauty company Coty is by far the best-performing stock in the S&P 500 so far this year. Shares of the cosmetics distributor are up more than 100% in 2019, while the S&P 500
Sir Jonathan ‘Jony’ Ive. David Livingston | Getty Images Apple’s longtime design leader Sir Jonathan “Jony” Ive will leave the company later this year, a development that came as little surprise to Wall Street analysts but as a drag on the company’s stock nonetheless. Shares of Apple slipped 0.6% in premarket trading from Thursday’s close
SpaceX owner and Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters UBS slashed its earnings forecast and price target for Elon Musk’s Telsa, the firm said Friday. Improved deliveries in the second quarter could drive Telsa shares in the near
Norma Butterfield, mother of Slack Technologies CEO Stewart Butterfield, rings a ceremonial bell along with New York Stock Exchange (NYSE) President Stacey Cunningham during the Slack direct listing in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Casey Stengel once said, “Never make predictions, especially about the future.” If you’re looking to prove
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images It may be happenstance but it also wouldn’t be extraordinary for a company of scientists and rocket engineers, nor the first time Elon Musk pinned a
Will there be a truce, a deal or a further breakdown? All eyes are on this weekend’s G-20 showdown between President Donald Trump and Chinese leader Xi Jinping. For investors on edge about the trade outcome, here are the make-or-break stocks with the most to win or lose, according to Goldman Sachs. The bank screened