Traders work the floor at the NYSE . Brendan McDermid | Reuters January has long held strong predictive power for the direction of markets over the rest of the year, and 2019 is proving no exception. That’s good news for stocks, which stand to gain significantly ahead if the current trend stays in place, according
Investing
UnitedHealth Group signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Insurer UnitedHealth is Wall Street analysts’ favorite stock based on highest percentage of buy ratings. In addition to the Minnesota-based healthcare company, financial services company Visa, technology giant Microsoft and pharmaceutical company
Bernard Weil | Toronto Star | Getty Images Planet Fitness’ affordable and inclusive business model is working for the stock and will drive future growth, according to Raymond James. Raymond James initiated coverage on Planet Fitness with an outperform rating and a 12-month price target of $80, betting that the the gym’s unique business structure
Getty Images Morgan Stanley used deep learning and artificial intelligence to study the text of its own analyst reports and has developed a market-beating trading strategy based on how computers read the author’s sentiment. For each of the brokerage’s 41,758 company research reports from January 2013 to May 2019, Morgan Stanley’s model produces a score
U.S. President Donald Trump speaks in the East Room of the White House in Washington, D.C., U.S., on Tuesday, June 25, 2019. Al Drago | Bloomberg | Getty Images President Donald Trump lambasted Twitter, Google and other technology giants on Wednesday for what he sees as their efforts to repress his messaging and public commentary.
Federal Reserve Chairman Jerome Powell holds a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, U.S., March 20, 2019. Jonathan Ernst | Reuters Despite a policy pivot earlier this year and an even clearer shift just last week, the Federal Reserve remains miles apart from what Wall Street wants.
Paychex Access payroll card in Brookline, Mass. Pat Greenhouse | The Boston Globe | Getty Images Shares of Paychex dropped on Wednesday after Bank of America downgraded the stock due to its “excessive valuation” and “underwhelming fundamentals.” The bank slashed its rating for the employment services company to underperform from neutral, while keeping its 12-month
Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp., in Perth, Australia, on Thursday, Aug. 9, 2018. Carla Gottgens | Bloomberg | Getty Images Investors are piling into gold, sending the precious metal to a six-year high on Tuesday, and analysts think the commodity has established a “base” to
Traders work the floor at the NYSE in New York. Brendan McDermid | Reuters Barclays believes a market “melt-up” could be on the horizon if three things materialize in the near future: A trade truce, Federal Reserve rate cuts and the economic slowdown only being a soft patch. The so-called melt-up refers to a sharp
A shopper carries an Insignia Roku TV television at a Best Buy Co. store in Louisville, Kentucky, U.S., Luke Sharrett | Bloomberg | Getty Images More than 300 companies are talking to government officials in Washington this month about how detrimental the trade war between the U.S. and China has been and will be to