The Stock Market Is Completely Ignoring Negative Earnings Guidance. Why?

It should be an unnerving time for equities investors. As of July 3, 88 out of 114 S&P 500 companies that released earnings and issued earning-per-share guidance for the third quarter gave negative guidance, according to FactSet. In other words, looking at their third quarters, 77% expected lower EPS than they did at the same […]

Deutsche Bank’s Overhaul May Leave Thousands in U.S. Without Jobs

Deutsche Bank rattled investors, and a lot of employees, when it announced that it would cut 18,000 workers—nearly a quarter of its global staff—in a massive restructuring. As the company announced late Sunday, it is ”radically transforming its business” in order to become “more profitable, improve shareholder returns and drive long-term growth.” That means it […]

Why Coffee Stocks Like Starbucks and Dunkin’ Are Suddenly Piping Hot

Wall Street is suddenly hot–on coffee stocks. Dunkin’ shares have already risen 25% year to date, while Starbucks’ have risen 29%. Dunkin’ Brands Group got an upgrade on Monday by Wedbush Securities from a ‘neutral’ rating to ‘outperform.’ The company’s new price target of $92 is 16% above Dunkin’s close on Friday at $79, and […]

Tilray Stock Closes Up 11% on News of Merger With Peter Thiel-backed Holding Company

Pot is hot. Canadian cannabis company Tilray announced Monday a deal to merge with majority shareholder Privateer, a cannabis-centric private equity holding company backed by billionaire Peter Thiel. The deal would prevent Privateer from releasing their 75 million shares (some 77% of Tilray’s outstanding shares) to the public, and instead will allow the shares to […]

Too Many Companies Are Paying Too Much for Stock Buybacks

Smart long-term investors know that they shouldn’t try to time the market. But based on the way public companies been handling their recent record-setting share buybacks, it looks like corporate America hasn’t learned the same lesson. It’s a long-standing rule of thumb that someone investing in, say, a retirement fund, shouldn’t base their investing decisions […]

Does Today’s Market Plunge Point To More Losses Ahead?

U.S. markets took heavy losses Tuesday on continued worry about trade, overheated activity, and growing federal government deficit spending. The S&P 500 was down 48 points or 1.65%; the Dow lost 473 points, or 1.79%; and the Nasdaq was off by 160 points, or about 2%. It could have been worse except for a slight […]

S&P Global CEO: “I Think The Correction Is Over”

It’s been a dizzying rollercoaster ride for investors so far this year. But Doug Peterson, the CEO of S&P Global, has reassuring words for investors. “I think the correction is over” he says. He is in a position to make those kind of bold predictions. S&P Global is in the business of collecting data–especially market […]

Gold-Backed Cryptocurrency Is Almost Here

Investors will soon be able to buy gold and stocks in the form of cryptocurrency, the same way they might buy Bitcoin. Paxos, a New York-based firm that already offers a dollar-backed cryptocurrency (known as a stablecoin) as well as Bitcoin trading services, plans to introduce digital tokens backed by precious metals and publicly traded […]