After a big post-election surge in 2016, bank stocks have mostly lagged the market so far in 2017. In a new note Monday, Deutsche Bank analyst Matt O’Connor said things will only get worse for banks from here.
A disappointing month of September for Apple Inc. AAPL 0.17%investors got even worse on Monday when a broad tech sector sell-off dragged the stock down another 0.8 percent. However, BlueFin Research Partners analyst John Donovan told clients Monday that they shouldn’t be too concerned about the negative Apple headlines or the stock’s 6.0 percent decline since its iPhone event…
Investors hungry for pure-play artificial intelligence companies have sent share prices of a handful of smaller tech companies soaring in recent weeks. Here’s a look at eight stocks with an emphasis on AI that may still be mostly under-the-radar.
Since Sept. 1, the price of bitcoin has plummeted 26.3 percent amid negative headlines out of China and bearish commentary from notable Wall Street investors. On Sept. 22, JPMorgan Chase & Co. JPM 1.43% CEO Jamie Dimon doubled down on his anti-bitcoin rhetoric, but JPMorgan has actually been buying bitcoin on the September dip.
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…