Even after Alibaba Group Holding Ltd (NYSE: BABA) stock nearly doubled in 2017, analysts see no signs the company’s incredible performance will slow down. In fact, Jefferies analyst Karen Chan says Alibaba’s combination of cloud services growth, e-commerce growth and international expansion will have Alibaba stock outperforming the market for years to come.
UnitedHealth Group Inc (NYSE: UNH) stock jumped 2.4 percent Tuesday after the company doubled its profit in the fourth quarter. Earnings were boosted by a one-time tax benefit, but revenue also topped Wall Street expectations.
After a disastrous 2017 for General Electric Company (NYSE: GE), investors hit their first 2018 bump in the road on Tuesday when the company announced it will take a $6.2 billion charge on its fourth-quarter earnings. The charges stem from an ongoing internal review of GE Capital, GE’s financial services subsidiary.
In the world of Wall Street, 60 years is an eternity. So when a concept like modern portfolio theory remains one of the most popular and successful investing strategies 66 years after it was first published, it’s probably a good idea for investors to understand how it works.
Facebook Inc (Nasdaq: FB) stock was getting hammered on Friday, selling off by more than 4 percent after CEO Mark Zuckerberg announced changes to the Facebook News Feed. Despite concerns about the company’s advertising cash cow, Friday’s sell-off may be an overreaction.
Ripple is the lone winner among the largest global cryptocurrencies this week after Moneygram International Inc (Nasdaq: MGI) announced it will be partnering with Ripple to help speed up money transfers and lower transaction fees.
Wells Fargo & Co (NYSE: WFC) kicked off 2018 with a lackluster fourth quarter earnings report on Friday. In what many investors consider the perfect environment for big banks, Wells Fargo topped earnings expectations, but revenue came up a bit soft.
Netflix, Inc. (Nasdaq: NFLX) gained another 2.2 percent on Thursday after Barclays said Netflix could grow to become the second biggest media company in the world within three years. Even with the stock up more than 1,450 percent in the past five years, Barclays analyst Kannan Venkateshwar says it’s not too late for investors to hop aboard…
For the second time in a matter of weeks, concerns about cryptocurrency regulation in South Korea have sent the Bitcoin Investment Trust (ticker: GBTC) and other crypto-related investments tumbling. After declaring it will ban all anonymous cryptocurrency trading in December, the South Korean government has now said it is on the brink of banning digital currency trading altogether.
Delta Air Lines, Inc. (NYSE: DAL) stock cleared for takeoff on Thursday after the company reported better-than-expected fourth-quarter earnings and revenue and raised its full-year 2018 guidance.