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It’s a classic value investing strategy that could be primed to work even better this year if the market remains shaky in the face of a slowing global economy and trade battles. Investors may look to names like these for more steady dividend income. International Business Machines, Exxon Mobil and …
Read More »Yearly Archives: 2019
Investors are officially panicking, Citigroup says
Stock-market investors entered panic mode after the wild ride to end 2018, meaning it might be a good time to buy equities, according to Tobias Levkovich, chief U.S. equity strategist at Citigroup. Citigroup’s Panic/Euphoria model hit panic levels after a massive drop in stock prices last month, Levkovich said. This …
Read More »No sign of deal to end shutdown at Trump’s first 2019 Cabinet meeting
Evan Vucci | AP President Donald Trump speaks during a cabinet meeting at the White House, Wednesday, Jan. 2, 2019, in Washington. David Bernhardt, Acting Secretary of Interior, is left and Patrick Shanahan, Acting Secretary of Defense, is right. President Donald Trump on Wednesday hosted his first Cabinet meeting of …
Read More »The best performing sector last year, could be the top bet for 2019
The party might not be over yet, the sector should continue to be a solid play for 2019, too, according to Craig Johnson, chief market technician at Piper Jaffray. “I think you let the winners run,” Johnson said Monday on CNBC’s “Trading Nation.” “If you look at a chart of …
Read More »These are the three big questions facing Apple in 2019, analyst says
David Paul Morris | Bloomberg | Getty Images Tim Cook, chief executive officer of Apple Inc., arrives on stage during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Wednesday, Sept. 12, 2018. Apple, like most of the major technology stocks, endured a volatile 2018. But what …
Read More »Chicago traders in their ’80s heyday had a crazy move called the ‘O’Hare Play’
John Zich | AFP | Getty Images Traders in the OEX pit at the Chicago Board Options Exchange climb the walls of the pit in their scramble to make trades 18 April 2001 in Chicago, Illinois, at the moment news hits that the Federal Reserve has made an unexpected half-point …
Read More »Netflix hires Spencer Neumann from Activision Blizzard as new CFO
Akio Kon | Bloomberg | Getty Images Reed Hastings, chief executive officer of Netflix Inc. Netflix has hired Spencer Neumann as chief financial officer, two days after he was fired as CFO at Activision Blizzard. Activision Blizzard said Monday the firing was unrelated to the company’s financial performance. Early reports …
Read More »December manufacturing PMI shows economic trouble
Sean Proctor | Bloomberg | Getty Images An employee works on the line at the Ford Motor Co. Dearborn Truck Plant in Dearborn, Michigan, Sept. 27, 2018. The first survey of December’s economic data came out on Wednesday with diminished results: United States manufacturer growth hit new lows on multiple …
Read More »Roku Channel adds premium TV subscriptions from Showtime, Starz
David Paul Morris | Bloomberg | Getty Images Anthony Wood, founder and chief executive officer of Roku Inc. Roku on Wednesday announced new changes that are coming to how its users watch premium TV shows and movies. It may help it boost ad revenue — hugely important for the company’s …
Read More »Trump invites congressional leaders to meet about government shutdown
Kevin Lamarque | Reuters President Donald Trump speaks with Senate Democratic Leader Chuck Schumer (D-NY) in the Oval Office of the White House in Washington, U.S., December 11, 2018. President Donald Trump has invited eight top lawmakers to sit down Wednesday afternoon and discuss the partial government shutdown and border …
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