The U.S. retail industry had been hammered in 2017, with the SPDR S&P Retail (ETF) XRT 1.22% down 6.7 percent year to date. However, a handful of discount retailers have offered investors a safe haven from the carnage, and Morgan Stanley analyst Vincent Sinisihas taken the opportunity to upgrade both Big Lots, Inc. BIG 0.92%and Ollie’s Bargain Outlet Holdings Inc OLLI 1.58%.
On Monday morning, PPG Industries, Inc. PPG 3.02% updated its guidance and informed investors that the recent natural disasters, including hurricanes Maria, Irma and Harvey and the earthquakes in Mexico, will cost the company between 5 and 10 cents in diluted EPS in the third quarter. Despite the negative impact, PPG shares continued their bullish momentum on Monday, suggesting the market is…
After a disastrous start to 2017, crude oil prices have been making an under-the-radar recovery in recent weeks, with WTI prices pushing meaningfully above $51/bbl on Monday for the first time since May. On Monday, UBS analyst Angie Sedita said she sees clear signs of a slow recovery in the global oil market and upgraded a handful of offshore oil drillers.
Apple Inc. AAPL 0.17% investors had been anticipating the company’s new batch of products, including the iPhone 8 and iPhone X, for months ahead of their unveiling on Sept. 12. However, the new devices haven’t had the positive impact Apple bulls had hoped, as the stock has plummeted 7.2 percent since the event.
Apple Inc. AAPL 0.17% investors hoping that the unveiling of the new iPhone 8 and iPhone X this month would propel the stock to new all-time highs have been sorely disappointed. Instead, Apple stock is now down more than 7 percent since Apple’s iPhone event on Sept. 12.
First it was bookstores, then general retail, then cloud computing and now groceries. Amazon.com, Inc. AMZN 0.38% has targeted industry after industry and left a trail of obsolete victims in its wake. Even investors who want nothing to do with Amazon have been forced to keep up with what the company has planned next to make sure the…
Fans of sports, movies, politics and history will pay extreme prices to get their hands on a piece of memorabilia with a story to tell. A new infographic from playnj.com lists the highest-priced pieces of memorabilia ever sold. Here’s a rundown of the top 12:
With third-quarter bank earnings season now less than a month away, short sellers seem to be betting on a disappointing quarter from big banks. According to a new report from financial analytics firm S3 Analytics, short sellers have been piling into the largest bank stocks in recent weeks.
General Motors Company GM 0.57% made a new intraday high for the first time since December 2013, trading up to $39.54 Friday. With rival Tesla Inc TSLA 1.91% grabbing most of the auto headlines in 2017, GM stock has quietly outperformed Tesla by a wide margin over the past three months.
As artificial intelligence becomes more advanced, machines will be able to more quickly and effectively comb the massive quantities of market data to identify patterns and other investment intelligence that traders can use to outperform the market.