Twitter shares could add to strong gains this year as the World Cup spurs engagement and continued strength in ad sales gives the social media company a revenue boost, an analyst at UBS said Thursday. Eric Sheridan raised his price target on the stock to $52 from $36, implying 11.2 percent upside from Thursday’s close
Month: June 2018
Shutterstock Most “high bracket” investors love the idea of tax-free muni bonds. But they aren’t sure where to buy them, and often end up using exchange traded funds (ETFs) as their vehicle of choice. Bad idea. Muni ETFs provide a smooth but unfulfilling ride. The popular iShares National Muni Bond ETF for example has rewarded
Etsy is on fire. Shares of the online marketplace soared as much as 35 percent, to an all-time high on Thursday, after the company raised its transaction fee on its sellers’ sales and boosted its full-year outlook on revenue growth. Some strategists and technical analysts say that despite the recent gain, the stock appears poised
A casual observer may assume the greatest money managers have charmed investing careers filled with success after success. But that isn’t the case, Ritholtz Wealth Management director of research Michael Batnick explained in his new book “Big Mistakes: The Best Investors and Their Worst Investments,” released on Jun. 6. Batnick shared key lessons and money-losing
Check out the companies making headlines before the bell: Qualcomm – Qualcomm’s $44 billion takeover of NXP Semiconductors has not yet been approved by Chinese regulators, according to sources quoted by Reuters. That runs counter to a prior report that the deal had, in fact, been approved. AT&T – AT&T completed its acquisition of Time
Micron shares have surged 44 percent this year, outpacing the broader semiconductor space nearly four-fold. As the chipmaker’s stock sits nearly 10 percent off its May high, Stacey Gilbert, head of derivative strategy at Susquehanna, said the options market is doing something unusual ahead of Wednesday’s earnings report. Here are what she told CNBC’s “Trading
Fed Chair Jerome Powell’s press conference remarks this past week raised all kinds of questions about the Fed’s interest rate policy. Fed policy, and indeed the entire economy, are now poised at a critical inflection point. If things play out according to plan, the Fed will guide the U.S. economy to a trajectory featuring slightly
The World Cup may be completely analog, but don’t tell that to crypto developers. Soft launching now, a new company called CryptoStrikers is entering the so-called “crypto collectibles” market with tokens commemorating the stars of this year’s World Cup. The thing is the tokens it’s offering aren’t the same you’ll see listed on a popular
Kennedy Summers was crowned Playboy’s Playmate of the Year a few years ago, but what people may not think is behind all that beauty, is a ton of brain which has become addicted to the world of crypto. These days, in between studying to become a doctor and modeling, Kennedy trades and has used her
A recent survey showed that 64% of U.S. adults indicated that they believe home prices will continue to raise over the next year. This marks the highest percentage since before the market crash over 10 years ago. If you are in the market for a house, know what responsibilities come with a property owner. Do
Check out the companies making headlines after the bell: Shares of Adobe tumbled 3 percent in extended trading. The design software company reported better-than-expected earnings for the second quarter of its 2018 fiscal year and forecast strong third-quarter guidance. Adobe reported earnings per share of $1.66 on revenue of $2.2 billion, versus the $1.54 EPS
U.S. Federal Reserve Chairman Jerome Powell speaks during a news conference June 13, 2018 in Washington, DC. After a two-day meeting the Chairman Powell announced that the Fed will increase interest rates by quarter of a percentage point. (Photo by Mark Wilson/Getty Images) The Federal Reserve is tightening monetary policy. U.S. bond yields are rising.
The U.S. and Canada Thursday agreed to continue negotiating a new NAFTA deal, amid a tense trade environment that includes an announcement Friday of new U.S. tariffs on China. U.S. Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland agreed to continue negotiations towards a revised North American Free Trade Agreement, despite frayed relationships
The price of bitcoin (BTC) may be up slightly Wednesday, but that hasn’t exactly raised the spirits of the asset’s most avid investors. Rather, with the market now down roughly 70 percent from 2017’s highs, many HOLDers, the bitcoin faithful who have vowed never to sell, are becoming convinced they might have seen the last
The first match of the Crypto World Cup came in hot today! Today, CryptoYoda faced off against David Sønstebø. Here are the highlights from today’s match! If you missed it, don’t forget to meet the players for all our upcoming matches of the Crypto World Cup. Crypto World Cup Day 1: CryptoYoda vs. David Sønstebø
Photographer: Andrey Rudakov/Bloomberg From time to time investors look at reducing their market exposure and “parking” their money safely. Some choose plain cash, but cash has a negative real rate – it does not grow, and inflation eats away at its value. Some ETFs can provide stability and a moderate return with very low exposure
The EOS blockchain is now live. At press time, the blockchain has received more than the 150 million votes needed to determine the individuals or entities that will maintain the distributed network, the world’s fifth largest by total value, thus ending a weeks-long process that had been among the most complex the evolving cryptocurrency market
Armed with new-found proceeds from the tax bill, American consumers went shopping in May, driving retail sales — and economic growth — sharply higher. The economy in the second quarter is tracking close to 4 percent growth — a level President Donald Trump raved about last December, just before the tax bill was approved. At
ALEXANDRIA, Va. — Karleen Smith used to work at the Macy’s in Landmark Mall, putting price tags on summer dresses, housewares and the latest styles of shoes. On Saturday, Ms. Smith, 57, returned to her former store, not as an employer or a customer, but as a resident. The former Macy’s in this vacant shopping
Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500 High Dividend Low Volatility
Mario Draghi, President of the European Central Bank, says their quantitative easing program (QE) ends in December. Photo by Thomas Lohnes/Getty Images. Guess what? Your bank loan is going to cost money from here on in. So is your margin account and a new mortgage. It’s not the early 2000s or the 1990s, but one
The SEC’s point man on cryptocurrencies and initial coin offerings (ICOs) says that bitcoin and ether are not securities but that many, but not all, ICOs are securities and will come under the regulatory control of the SEC and relevant securities laws. “Central to determining whether a security is being sold is how it is
Photo by Waring Abbott/Getty Images Interest rates and their influence on the economy is the chief concern for the real estate industry in 2018 and 2019, according to the Counselors of Real Estate, which released its annual Top Ten Issues Affecting Real Estate to kick off the National Association of Real Estate Editors conference (#NAREE18) Wednesday in
The liquidation of Toys R Us is proving to be a long and complex process. The toy retailer, having filed for bankruptcy protection late last year and kicking off liquidation sales around this March, is slowly selling its real estate — what amounted to more than 800 stores across the U.S. According to court documents
Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Utilities Select Sector SPDR Fund ETF, we
If a “for sale” sign goes up in your neighborhood, don’t blink, you might miss it. The average home sold in May went under contract in just 34 days, according to real estate brokerage Redfin. May’s number broke the previous month’s record of 36 days. Redfin began tracking this metric in 2010. Homes are selling
Oilfield services giant Schlumberger just presented an updated outlook for the current quarter, now expecting earnings per share to grow in a range of 10-15%. It also said that revenue growth for the period will be driven by international activity. Shares of SLB fell on the news, however, last seen trading at $68.60, putting them
Shutterstock Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500® Equal Weight ETF, we
Shutterstock Given the choice between two funds that have similar returns, many people prefer to invest in the one that prioritizes investing in companies that focus on clean energy, good governance or are committed to data security or equality. Sustainable ratings for mutual funds can help you find these kinds of funds, but because most
Cryptocurrency exchange itBit says it has received approval from the New York State Department of Financial Services (NYDFS) to add four major cryptos to its trading and custody services. In addition to bitcoin, itBit will now offer custody, escrow and over-the-counter (OTC) trading services for bitcoin cash (BCH), ethereum (ETH), litecoin (LTC) and stellar lumens
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