THE 2018 CRYPTOCURRENCY bloodbath continued on Monday, with bitcoin prices tumbling another 7.8 percent. Bitcoin prices are now below $5,200 for the first time since October 2017, and even bitcoin bulls admit that cryptocurrency pessimism seems to be gaining momentum.
FOR THE SECOND consecutive quarter, Nvidia Corporation (Nasdaq: NVDA) stock was hammered after the semiconductor giant failed to clear the market’s high revenue and guidance bars. Nvidia stock dropped 17 percent on Friday morning following the report, but analysts say long-term investors who can stomach near-term volatility should be scooping up shares of NVDA stock.
Some of the best-performing companies of the bull market have grown so big that their growth has understandably started to slow. While the big tech stocks and S&P 500 large-cap stocks get most of the headlines on Wall Street, there are plenty of small-cap stocks that are flying under the radar. Bank of America’s Endeavor List is…
The auto industry is in the process of one of the largest overhauls in its history. Several primary trends are shaping future mobility, including connected vehicles, autonomous vehicles, electric vehicles and ride-sharing services. Bank of America Corp. estimates that electric vehicle sales will grow from 1 percent of global car sales in 2017 to 90 percent by…
Walmart Inc (NYSE: WMT) reported a mixed third quarter on Thursday, but guided for a big holiday sales season. Walmart has impressed Wall Street for three consecutive quarters, and analysts say the retail giant’s momentum should continue for the next several years.
Airline stocks lost altitude in 2018 with the U.S. Global Jets ETF (ticker: JETS) dipping 3 percent overall year to date. Rising fuel prices and labor costs have kept airline investors grounded this year, but JPMorgan Chase & Co. analyst Jamie Baker recently upgraded a handful of airline stocks based on several catalysts. Baker says a…
ANOTHER WALL STREET analyst has lost confidence in Apple Inc (Nasdaq: AAPL) stock. Guggenheim is the latest of a handful of analysts to downgrade Apple stock in recent weeks over concerns about slumping iPhone sales.
AFTER MONTHS OF speculation and competition, Amazon.com (Nasdaq: AMZN) announced on Tuesday that its second headquarters will be split between Arlington, Virginia, and New York City. Analysts say the new locations will give the company critical access to two of the largest financial and political hubs in the world.
The stock market’s October hiccup reset the valuations of a number of popular stocks. But the sell-off was a friendly reminder to all investors that expectations can get easily get a bit too high on Wall Street. Bank of America uses its Beat Factor screen to identify stocks with consensus earnings estimates and price targets that are…
Home Depot Inc (NYSE: HD) reported yet another earnings beat and issued solid fourth-quarter guidance on Tuesday. Analysts say Home Depot remains the gold standard of the home improvement market, and the company will likely continue to gain market share in 2019.