Wall Street has been obsessed with bitcoin in 2017, with investors and experts as polarized as ever on whether bitcoin is the future of global currency or simply the latest financial market bubble.
It’s been another great year for Apple, Inc. (AAPL) investors in 2017. But with Apple up nearly 50 percent on the year and within a stone’s throw of a $1 trillion market cap, investors need a compelling reason to continue to hold the stock heading into 2018. Fortunately, Citi analyst Jim Suva[WD] says there are…
The U.S. economy is firing on all cylinders heading into 2018, but investors are still less than a decade removed from one of the most horrific market crashes in history. Buying gold is a popular way for investors to attempt to protect their portfolio from large stock market declines, but many investors don’t understand what it…
Amazon.com, Inc. (AMZN) shocked the world back in June when it forked over $13.7 billion to buy Whole Foods. But just because Amazon has already made a blockbuster buyout this year doesn’t mean that it’s finished with its shopping spree. “When AMZN bought WFM in June 2017, it led many to believe that AMZN might…
CSX Corporation (Nasdaq: CSX) stock fell nearly 7 percent Friday after investors were caught off guard by an announcement that CEO Hunter Harrison will be take a medical leave of absence. Harrison was named CEO in March, and investors had high hopes that his turnaround plan would get the company back on the right track.
Costco Wholesale Corporation (Nasdaq: COST) investors aren’t sweating grocery competition from Amazon.com (AMZN). On Thursday, Costco reported double-digit revenue growth and an impressive jump in online sales in its fiscal first quarter.
As expected, the U.S. Federal Communications Commission voted to repeal the net neutrality rules implemented under the Obama administration to prevent internet service providers from limiting customer access to websites and manipulating service speeds. Without the net neutrality regulations in place, companies like Netflix, Inc. (Nasdaq: NFLX) could be forced to pay premium fees to ISPs for…
Famed Tesla Inc (Nasdaq: TSLA) short-seller and founder of Kynikos Associates Jim Chanos is doubling down on his prediction that Tesla stock is a ticking time bomb. In a new interview this week with Bloomberg, Chanos said Tesla will be the “poster child” of the next bear market for U.S. stocks.
Teva Pharmaceutical Industries Ltd (ADR) (TEVA) stock jumped more than 15 percent Thursday after the company announced it will be laying off 14,000 employees and suspending its dividend as part of a restructuring and cost-cutting initiative.
After a bumpy road for most of 2017, Nike Inc (NYSE: NKE) stock has come on strong with a 20 percent gain the past three months. As Nike prepares to report its fiscal second-quarter earnings Dec. 21, Argus analyst John Staszak says the company is well-positioned to continue its bullish momentum.