WTI crude oil prices climbed above $48 this month for the first time since October, but it’s not just oil producers that are welcoming rising oil prices. SolarCity (SCTY), Tesla Motors (TSLA) and Waste Management (WM) could all potentially benefit from a return to high-priced oil.
Warren Buffett once famously advised investors to only make investments that they’d be comfortable holding if the market were closed for 10 years. Sprint (S), GoPro (GPRO) and Fitbit (FIT) are all companies that could easily fall by the wayside by 2025.
Ionis Pharmaceuticals Inc IONS 39.42% shares are tanking nearly 40 percent on Thursday following the company’s disclosure that severe cases of thrombocytopenia have been associated with two of its major drug programs: TTR in FAP and APOC3 in FCS. Cowen & Co analyst Eric Schmidt has downgraded the stock on the uncertainty surrounding the incidents…
The market may not have known about the SEC’s investigation of Alibaba Group Holding Ltd BABA 3.65% until the company’s recent disclosure, but the market may very well have priced in the issues a long time ago. According to Oppenheimer analyst Jason Helfstein, the elements of Alibaba’s business that the SEC is looking into have…
Brent crude oil prices topped $50/bbl on Thursday for the first time in nearly seven months, providing further evidence that the oil market has found its bottom for this cycle. Now that the market appears to be stabilizing, investors are shifting their focus to which stocks will be the best performers throughout the recovery.
Now that Q1 earnings season for U.S. gaming stocks has come and gone, Goldman Sachs analyst Steven Kent recently revisited the firm’s outlook for Las Vegas Sands Corp. LVS 1.9%, Penn National Gaming, Inc PENN 0.94% and Scientific Games Corp SGMS 0.33%.
In the past, Amazon.com, Inc. AMZN 0.93%’s explosive growth had been good news for shippers United Parcel Service, Inc. UPS 0.15% and FedEx Corporation FDX 0.5%. However, as Amazon grows, it will continue to be become less reliant upon FedEx and UPS.
The most recent numbers from the Philadelphia Fed’s state coincident indexes show that the majority of U.S. states have experienced economic growth in the past three months. The coincident indexes account for economic measures such as gross domestic product, jobs, manufacturing hours worked, unemployment rate and real wages.
By the end of 2016, Americans will hold more than $1 trillion in collective credit card debt. If you are one of the many of Americans struggling with credit card debt, making the minimum payments on your cards each month may not be helping as much as you think it is. In fact, it could…
The most recent FOMC minutes painted an unexpectedly hawkish picture, implying that the next Fed rate hike could come as soon as June. Following the release, Richmond Fed Chair Jeffrey Lacker told Bloomberg that he sees a strong case for a June hike and plans on pushing for a total of four hikes by the…