After hitting 13-year lows back in February, oil prices doubled from $26/bbl to nearly $52/bbl by the first couple of weeks of June. The oil rally drove turnarounds in oil services stocks like Schlumberger Limited. (NYSE: SLB).
The typical “flight to safety” investments have been strong performers since the Brexit vote caught the world off guard last week. The iShares Barclays 20+ Yr Treas.Bond (ETF) TLT 0.77% is up 5.5 percent, and the SPDR Gold Trust (ETF) GLD 0.41% is up 4.4 percent, while the SPDR S&P 500 ETF Trust SPY 1.7%…
When stock investors, bond investors, economists, Wall Street banks, the IMF, bookies and global governments all failed to predict Brexit would actually happen, chances are you didn’t either. According to The Reformed Broker’s Joshua Brown, that’s okay.
Most Apple Inc. AAPL 0.87% traders have focused their international attention primarily on China in recent years, but Japan may end up being a major thorn in Apple’s side. UBS analyst Steven Milunovich sees two reasons why Apple investors should be concerned about Japan.
The majority of Russia’s oil tycoons have been financially crippled by the global oil price collapse. However, the Wall Street Journal’s Laura Mills reported that one Russian oil billionaire has more than doubled his net worth from $2.4 billion to $5.9 billion during one of the harshest oil market downturns in history.
According to HSBC Holdings head of fixed-income research Steven Major, bond investors shouldn’t be particularly worried about the Brexit or about the possibility of a Donald Trump presidency. But they should be worried.
Most British stocks have been in free-fall since the U.K. voted to leave the European Union. last week, but Goldman Sachs analyst Mitch Collett believes some British stocks are much better off than others. Goldman has severely cut its outlook for both U.K. and Eurozone GDP growth due to the Brexit, but Collett notes many…
While most Americans don’t particularly care whether or not Britain is part of Europe, they do care about the U.S. housing market and mortgage rates.
When the whole world was waiting on official Brexit vote tallies out of the U.K. on Thursday, TickerTags was able to project the outcome of the vote based on social media data before the polls closed.
The usual safe-haven trades are the only silver linings in an ugly Friday trading session. The iShares Barclays 20+ Yr Treas.Bond (ETF) TLT 0.77% is up 2.7 percent and the SPDR Gold Trust (ETF) GLD 0.41% is up 4.6 percent.