Joe Raedle | Getty Images JetBlue Flight 387 pushes back from the gate as it prepares for take off to become the first scheduled commercial flight to Cuba since 1961 on August 31, 2016 in Fort Lauderdale, Florida. Three U.S. airlines – American, JetBlue, and Southwest – are bidding to …
Read More »Monthly Archives: July 2018
Morgan Stanley turns more defensive on stocks, downgrades technology
Morgan Stanley downgraded technology stocks to underweight from equal weight on Monday, citing expectations of a more defensive turn in the market. Cyclical sectors such as technology and consumer discretionary tend to perform better during periods of growth, when investors are more willing to take on risk. Now Morgan Stanley …
Read More »Brin says Google ‘failed to be on the bleeding edge’ of blockchain
David Paul Morris | Bloomberg | Getty Images Sergey Brin, president of Alphabet and co-founder of Google Speaking from a blockchain conference in Morocco over the weekend, Google co-founder Sergey Brin said the internet giant missed its chance to be at the forefront of blockchain technology. Brin, who currently serves …
Read More »Buy stocks with rising profit margins due to commodity inflation
Scott McIntyre | Bloomberg | Getty Images An employee delivers cases of Coca-Cola Co. brand soda in Miami Beach, Florida. With the S&P 500 not far from the firm’s 2018 year-end target, Goldman Sachs says there is still an investment strategy that can outperform. The firm recommended companies with high …
Read More »Uber, scooter startup Lime are partnering; Uber invests with Alphabet
David Paul Morris | Bloomberg | Getty Images People use a smartphone to unlock LimeBike shared electric scooters on the Embarcadero in San Francisco. Uber is partnering with electric scooter startup Lime, the companies said Monday. It’s the second scooter tie-up for Uber, which aims to be the leading one-stop-shop …
Read More »Dow jumps more than 200 points as trade fears dissipate
Drew Angerer | Getty Images Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), June 25, 2018 in New York City. “The market can surprise you with what it’s focused on,” said Art Hogan, chief market strategist at B. …
Read More »Procter & Gamble downgraded by Jefferies because of rising commodity costs
Michael Nagle | Bloomberg | Getty Images A monitor displays Procter & Gamble Co. signage on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, May 15, 2017. Procter & Gamble’s profitability will suffer because of rising commodity costs, according to Jefferies. The firm …
Read More »‘I have confidence’ Kim Jong Un will honor agreement
Susan Walsh | Reuters President Donald Trump makes a statement before saying goodbye to North Korea leader Kim Jong Un after their meeting in the Capella Hotel after their working lunch, on Sentosa island in Singapore June 12, 2018. President Donald Trump tweeted Monday that he is confident North Korean …
Read More »China attempts to get closer with Europe after Trump slaps tariffs
Jason Lee | Reuters China’s President Xi Jinping (R) meets German Chancellor Angela Merkel at the Great Hall of the People in Beijing, China, May 24, 2018. China is looking to the European Union as its new best friend amid trade frictions with the United States. Prime Minister Li Keqiang …
Read More »Three options strategies for the week: July 9
The “Options Action” traders share three options trading strategies to kick off the week. Carter Worth and Mike Khouw like American Express. Brian Stutland recommends a call option in Pepsi. Mike Khouw recommends a call spread in WWE. Trader disclosure: On July 6, 2018, the following stocks and commodities mentioned …
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