The S&P 500 rattled the confidence of investors with its sharp 2.4 percent drop to close last week’s trading. However, Goldman Sachs analyst David Kostin believes stocks still have more downside ahead in 2016’s closing months.
One of the more surprising parts of the S&P 500’s resurgence in 2016 has been the group of stocks leading the charge to new all-time highs. Ironically, it was dividend stocks and other defensive plays that were top performers in the first half of the year.
Trading stocks is always a risky proposition, but there are certain circumstances under which it can become even more risky. One of those circumstances has to do with the time of day a trade is made.
The Federal Reserve prefers to be as predictable as possible when it comes to interest rate hikes and other policy decisions. However, economic conditions can be unpredictable at times, and FOMC members have seemingly been on the fence about an interest rate hike schedule since the first hike last December.
Wells Fargo & Co NYSEWFC is often considered the shining example of responsible behavior among a group of banking peers that were out of control during the time leading up to the Financial Crisis. However, a new $185 million fraud settlement has Keefe, Bruyette & Woods analyst Brian Kleinhanzl wondering whether Wells Fargo still deserves…
This week, Hewlett Packard Enterprise Co HPE 0.59% announced it will once again be spinning off parts of its business. This time, the company is shedding its application delivery management, big data and enterprise security units.
Despite a Friday bump in the road, the S&P 500 is still within a stone’s throw of its all-time high and is now trading roughly 40 percent above its pre-Financial Crisis high. Yet despite the stock market being swept up in one of the most impressive bull markets in history since early 2009, it has…
This week, Shigeru Miyamoto announced Nintendo Co., Ltd (ADR) NTDOY 1.24%’s first mobile Mario game, Super Mario Run. The announcement happened at Apple Inc. AAPL 0.56%’s iPhone 7 product launch event, one of the most highly-anticipated and closely-watched annual events in the tech world.
It’s no secret that brick-and-mortar retailers have been struggling to compete with the likes of Amazon.com, Inc. AMZN 1.15% and other e-commerce names in recent years. In fact, teen retailers Wet Seal, American Apparel, Pacific Sunwear and Aeropostale Inc AROPQ 4%have all succumbed to bankruptcy within the past year.
The rest of 2016 could be a wild ride for gaming & leisure investors, but a number of stocks in the space may still have significant upside ahead. According to Stifel analyst Steven Wierczynski, gaming & leisure stocks will likely continue to be unpredictable and volatile.